The government has set an ambitious target of installing 175 GW of renewable energy capacity by 2022, which includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power and 5 GW from small hydro-power.
Kovind, who arrived here on Thursday on the last leg of his three-nation tour which also took him to Greece and Suriname, commenced his engagements here by paying tributes at the statue of Mahatma Gandhi.
Apart from facilitating the mission of having 175 gigawatt (GW) of renewable energy capacity by 2022, the move would also partly insulate thermal gencos from taking the hits stemming from the ongoing transition in the country’s energy mix.
New Delhi, Feb 11 (ANI): Advancing their strategic partnership, India and the United Arab Emirates (UAE) on Thursday exchanged four agreements across various sectors, including cyber security, infrastructure, renewable energy and currency swap arrangements.The agreements were exchanged in presence of Prime Minister Narendra Modi and Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces General Sheikh Mohamed bin Zayed Al Nahyan at Hyderabad House here. A total of 16 agreements are expected to be signed between both nations during the Crown Prince's three day visit to India.
Canberra, Feb 11 (ANI): Minister for Power, Coal and New and Renewable Energy, Piyush Goyal, said Australia assured of providing full support to their mission of providing access to affordable energy to every citizen. Goyal was speaking at a news conference after holding an Energy Security Dialogue with Australian Minister for Resources, Energy and Northern Australia, Josh Frydenberg, in Canberra. Goyal is leading a delegation for the third India-Australia Energy Security Dialogue, which is being held from February 8-11. He also presented the idea of Australia providing gas to India on affordable rates. During the news conference, Frydenberg mentioned that though the Australian Government could not determine the prices of gas, a regulatory framework could be made that can facilitate lower prices.
Brisbane, Feb 08 (ANI): Union Minister of State (Independent Charge) for Power, Coal, New and Renewable Energy Piyush Goyal on Monday said that the Government of India is willing to consider long term fixed price contracts with Australia for the supply of gas which will enable power producer to enter into a power supply contract at an affordable price. Goyal is leading a delegation for the 3rd India-Australia Energy Security dialogue in Australia.While addressing a roundtable in Brisbane earlier today on the business opportunities for LNG (Liquefied Natural Gas) and Coal Bed Methane, Goyal stated that additionally, opportunities to control the entire value chain right from gas production, liquefaction, shipping, re-gasification and power generation can be evaluated at the current historic low prices of many of these activities. He also stressed that since coal based power is available in India at less than 5 cents per unit, the LNG providers should consider supplying gas to India at a price that is comparable.
Tokyo, Jan 14 (ANI): Minister of State (MoS) for Renewable Energy Piyush Goyal, who is presently in Tokyo to attend the eighth India-Japan Energy Dialogue, said on Thursday that the primary objective of the government is to make Japanese power firms invest in ‘Make in India’ to further provide 24x7 electricity access to the people of the country. Goyal said that he discussed and understood the challenges the Indian grids will face, particularly with the infusion of large amount of renewable energy. Goyal further assured that this engagement with the Japanese power companies will be taken to the next level in India.