Congratulations, Shri R K Singhji

 Congratulations, Shri R K Singhji

 

 

 

Government creates policy advocacy arm for transition to clean energy sources /  BL  / 11 Mar 2022

 

 

Extract :

 

The government has set up a society under the Ministry of Power which will act as the top policy advocacy arm for the power and allied sectors and will assist states and businesses with cutting edge research as well as help create solutions and processes for India’s energy transition journey.

 

The Power and New & Renewable Energy Minister RK Singh is the Chair of the society. Former Power Secretary Sanjiv Nandan Sahai has been appointed as the Director General by a search-cum-selection committee.

 

“ The Power Foundation aims to be the foremost policy advocacy body, which would engage in national dialogues on power and allied sectors, providing,

 

#  Authoritative analysis,

 

#  Data,

 

#  Policy Recommendations and

 

#  Real world solutions

 

-       to help states provide secure and sustainable energy for all and to create smooth pathways for India’s energy transition,” said the Power Ministry.

-        

It also aims to

 

#  Undertake pioneering efforts in commissioning independent and evidence-based research studies, through

    credible institutions, on various aspects concerning energy transition in the power sector, and subsequently

 

#  Disseminate the gathered information through appropriate communication channels for creating awareness

    of the identified stakeholders,.

 

 

 

 

MY  TAKE  :

 

 

 

Dear Shri R K Singhji

 

( Minister – MNRE )

 

 

 

Congratulations on formation of The Power Foundation, whose foremost task seems to be :

 

POLICY RECOMMENDATION

 

 

 

What POLICY can / will ensure that we achieve 500 GW of Renewable by 2030 , from current  “ Installed Solar Capacity “ of 50 GW ?

 

That works out to adding 50 GW of Solar PER YEAR for the next 9 years ( year after year )

 

 

There is only ONE POLICY that can help us achieve that MIRACLE, as suggested in my following e-mail :

 

 

Sun : Our Soul ( A New SOS ) ………………………. [ 02 Jan 2017 ]

Extract :

Ø  With roof-top based solar plants , we don't need to distribute power over long distances , using nation-wide distribution network. We produce / store / consume power in same place

Ø  A roof top solar installation can be done in a matter of hours, providing employment to lakhs of Installation Technicians, employed by thousands of MSME engaged in such work

Ø  Many more lakhs will find jobs in companies engaged in manufacture of allied electrical /  electronic / storage batteries etc

Ø  These local MSME manufacturers / installers , will aggressively compete and provide quick / efficient , after-sales service

 

 

IMAGINE FOLLOWING SCENARIO :

 

     *  Government declares units belonging to " Solar Power ( Panel Mfr / Power Production & Distribution /

 

        Ancillary Mfr  ) " as  a "  SOS " Industry

 

    

     *   Units will need to register as such with Department of Company Affairs ( DIPP )

 

 

     *  Units will be exempt  from paying Corporate Income Tax for 10 years , on whatever income they earn (

 

        only those starting operations latest by 31 March 2018 )

 

 

 

     *  No questions will be asked as to the " source " of funds invested in the shares of such units ( a kind

 

         of Temporary Amnesty Scheme - 01 April 2017  till 31 March 2018 – to channelize BLACK MONEY into

 

         creation of PRODUCTIVE  / NON-POLUTING assets )

 

   

 

     *  Units cannot engage in any other Industrial / Commercial / Financial activities

 

 

     *  Units cannot declare any dividends to share-holders for 10 years

 

 

     With this kind of  INCENTIVE WINDOW ( to convert BLACK into WHITE ) , expect

 

 

    *  Hundreds of SOS Units to spring up before 31 March 2018

 

 

    *  They will have ZERO cost as far as servicing of EQUITY is concerned ! No dividends !

 

 

    *  They will not need to borrow funds from banks and pay interest ( no danger of NPA ! )

 

 

    *  They will say : We are not in the business of " manufacturing of panels " but we are in the business of "

 

        Delivering electric power to homes / businesses "

 

  *  They will compete with each other fiercely and ( as it is already happening in USA ) , start offering roof top

 

      installations, absolutely FREE, and selling the generated power at 20 paise / Kwh, for 10 year purchase

 

      agreement and with a 5 % tariff reduction per year !

 

 

 

JUST IMAGINE

 

 

*  How much, our LOW ENERGY COST ECONOMY can make us , INTERNATIONALLY COMPETITIVE !

 

    

*  The rise in GDP !

 

 

*  The possibility of being able to export our surplus power to neighbouring countries

 

 

*  Being able to replace 6 million petrol / diesel vehicles with EVs by 2020 , due to easily available charging

 

   stations on every street corner

 

  

*  Reduction in pollution by shutting down of hundreds of existing fossil fuel based power plants , whose

 

   utilization will drop below 10 % by 2022 ( as against National Electricity Plan expectation of 48 % , and a un-

 

   viability threshold of 55 % )

 

 

   ================================================================

 

With regards,

 

Hemen Parekh  /  hcp@RecruitGuru.com  /  12 March 2020

 

 

 

 

   

  

RELATED READINGS :

 

 

 

   

Shining bright : Solar Capacity crosses 50 GW milestone in Feb  /  BL  /   12 Mar 2022

 

Extract :

 

INSTALLED CAPACITY

 

India’s total installed capacity in the solar segment ( including ground-mounted, rooftop and off-grid ) has surpassed the milestone of 50 GW as of February this year.

 

TARGET

 

“The target of 500-GW renewable energy by 2030 and India’s net-zero emission target by 2070 announced at COP26 will bring incredible new opportunities for green energy growth

 

Industry analysts point out that achieving the 2030 target would require capacity addition of over 40 GW annually over the remaining eight years. 

GREEN BONDS

On this note, the Finance Minister’s announcement on India’s intention to issue sovereign green bonds is a positive development. If this can act as a catalyst that spurs the development of the domestic green bond markets, it will be a bonus. Further, policy consistency is a must – particularly, as overseas investors are key equity-funders of Indian renewable energy, Sidhu added. 

 

Discussing the challenges of new capacity addition, he said capital infusion would be a major challenge – not because it’s not flowing, but because the amount of

 

capital required to fund the targets is so immense

 

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Govt may extend incentives to solar PV ancillary units  /  Business Line  /  08 March 2022

My Blogs on Solar Power................... 10 March 2022     

 

The End of Growth ( No More Cheap Energy - No More Growth )