Modiji’s ( incomplete ) Message
!
-------------------------------------
Business Line ( 12 March ) carries following news :
Highlight :
“In India, we have
started the world’s largest renewable energy expansion programme. We will
generate 175 GW of electricity from renewable sources of energy by 2022, of
which, 100 GW will be from solar
power. We have already achieved 20
GW installed solar power,”
Modi said, inaugurating the Summit that was co-hosted by French President
Emmanuel Macron.
President Macron, who
is on a four-day visit to India, highlighted that to generate 1 TW (terawatt) of solar
power by 2030, as envisaged under the ISA, a funding corpus of $1 trillion will
be required even as he underlined
financial and regulatory hurdles within the member countries for achieving the
target.
“But in order to reach the
$1,000 billion by 2030, to reach the 1TW of solar energy, we need private
investors. It means that we will
improve the regulations, the terms in order to support investments in
renewable. It is also about improving public procurement and to provide
efficient policies,” he said.
He also urged countries
to facilitate purchase and supply of electricity generated from solar energy.
In 58 months ( March
2018 – Dec 2022 ) , India needs to install 80 GW of
solar to reach its target
That means 1.4 GW per
month for next 58 months
That 1.4 GW would require funds of $ 1.4 Billion (
approx. Rs 10,000 crore )
Every month , month after month , for next 58 months
That is why Mr Macron talks about “ need for private investors “
This is unlikely to come about unless following issues
are resolved – and FAST :
·
Forget
about that proposed “ Safeguard Duty “
of 70 % ( recommended by a govt agency ) , on imported Solar Panels , in order
to protect Indian Manufacturers ( really , “ assemblers “ ? )
If anything
, reduce that ( custom ) duty even further – may be ZERO % !
Our “
immediate goal “ must be to get solar power at Re 1 /
Kwh , for all !
Our “ medium
term “ goal must be to make India such a “ Low
Cost Economy “ that we can double our exports by Dec 2022 !
·
Land
based large Solar Power plants need Transmission Lines to evacuate power and
feed into grids. That requires funds and long time for erection / commissioning
.Hence govt must vastly liberalize its policy for Roof Top solar plants which
do not need any transmission network / no metering / no PPA !
For roof top
installations , currently govt gives 30 % subsidy
Change this
as follows :
#
30 % by way of subsidy
#
70 % by way of interest free loan ,
repayable over 10 years
·
Come
out with clear and legally binding “ Power Purchase Agreements “ from which ,
DISCOMS cannot back out
Implement BLACK MONEY
AMNESTY SCHEME for SOLAR INFRASTRUCTURE SPVs , as suggested in my
following blogs ( earlier sent as emails to Cabinet Ministers ) :
FROM GREED TO GREAT ? [ 01
Oct 2015 ]
14 March 2018
www.hemenparekh.in / blogs
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