Sun Shines on Saudi
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Saudi Arabia is the world’s largest producer /
exporter of oil
Oil under Saudi soil was produced by sun’s energy ,
millions of years ago
That very same “ Sun Energy “ is about to transform
the energy landscape of Saudi in the next 12 years , as reported below :
Saudi Arabia just announced a solar power
project , having following parameters :
* Location……………………………………………………………… Rub’al
Khali desert
* Size / Project
Cost …………………………………………200 GW / $ 200 Billion
* Target Completion……………………………………………… 2030
* Saving in Saudi Arabia’s Power
Bill…………………….$ 40 Billion / year
This means Saudi project will
recover its investment in just 5 years
* Expected increase in
GDP…………………………………. $ 12 Billion
* Expected Tariff from Solar
Project…………………. 2 cents per kwh ( Rs 1.3 )
Current Tariff in Saudi
is…………………………………. 4 cents per kwh ( Rs 2.6 )
* Likely creation of new
jobs………………………………… 100,000
* Solar Panels
Area……………………………………………….5,000 Sq Km
Could India do better ?
Yes - if Shri Piyush Goyalji
and Shri R K Singhji , make up their minds !
How ?
Area of India’s Deserts …………………278,500 Sq Km
Even if we cover just 10 % of our deserts
with Solar Panels , we could generate ,
1,160 GW !
And quite likely, as expected in Saudi project , our
Solar tariff could also drop by 50 % , from
current recent tendered quotes of Rs 2.44 /
unit to Rs 1.2 / unit
!
Through that expected drop in tariff ( from 4 cents to 2 cents ) , Saudi expect their GDP to go up by $
12 Billion
By how much can India’s GDP go up if our tariff was to
drop from Rs 2.44 to Rs 1.22 ?
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