India : Energy Storage
Mission
====================
[ E- mail : Transport-niti@gov.in
/ cstranger@rmi.org ]
[ Web site :
For all interested in manufacturing of Electric Vehicles in India , this is an
excellent document
NITI Aayog deserve congratulations on laying down
a Road-Map for this monumental paper
Among many statistical projections and conclusions ,
this report says :
·
India would require a minimum of 20 GIGA
FACTORIES by 2030 ( for 800 Gwh capacity )
[
40 Gwh per factory ]
If we assume that some industry (
Reliance / JSW / Suzuki –DENSO / M&M etc ) manages to put up the very first
such Giga factory in 2020 , then , this would require at least TWO giga-factories to be commissioned EVERY YEAR for
the next 10 YEARS ( 2020 till 2030 )
FOR REFERENCE :
TESLA’s Giga-factory has a capacity of 35 Gwh and expected to cost $ 5 Billion (
apprx. Rs 35,000 Cr )
So , a 40 Gwh factory might cost ,
approx. Rs 40,000 cr
That means , we need an investment of Rs 80,000 Cr per year ( for 2 factories ) , for 10 years in
row !
QUESTIONS :
·
Which private sector companies would come forward with such HUGE investments – especially when private sector investments have
literally dried up during
past 2 years ?
·
Which bank ( private or public ) would come forward with funding of
these giga-factories, even as it is struggling to take big “ hair cuts “ on its existing NPA ?
·
Which company-director ( inside or outside ) would dare to go to the
market for funds – when Li-ion Battery prices are DROPPING
by an ave of 19 % per year ?
{
Projections : 2017 > $ 240/Kwh // 2025 > $
109 / Kwh // 2030 > $ 73 / Kwh }
LARGER PICTURE :
·
As per Report , for 100 % domestic manufacture of batteries, India would
require,
# 3,500 Gwh of
Lithium-ion Batteries
# That would require an investment of $ 300 Billion [ Rs 20 Lakh*Crore ]
MY TAKE :
·
Government has neither the money , nor the expertise for setting up Giga
factories
·
Private Sector would not want to take on such hugely “ Risky “ ventures
·
Banks want to play “ Safe “ while
lending in light of many adverse negative developments
WHAT IS
THE WAY OUT :
·
Government to launch “ Battery Infra SPV
“
·
Under Indonesia type “ Black Money Amnesty Scheme “ enable stashed
away Black Money to come out in the official banking channel ( through deposits
made in “ INFRA
ACCOUNTS “ –
like Jan Dhan Accounts ) . Remember , Indonesia managed to raise $ 342 Billions !
·
Such converted ( Black to White ) monies can
only be invested in “ Battery Infra SPV “
Hoping for any other way to raise such HUGE amounts of “ Risk Free “ and “ Interest Free “ funds , in such a short time , would only amount
to WISHFUL THINKING !
I hope someone has the courage to tell
the public this terrible TRUTH !
It is time to forget all that senile
talk of an AMNESTY SCHEME rewarding the
dishonest tax-evaders and punishing the honest / middle class tax payers !
It is time to tell the people : If we
want to eliminate air pollution and save 600,000 premature deaths per year ,
then Means are unimportant ; Ends are !
05 Dec 2017
www.hemenparekh.in
/ blogs
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