Will reduce cost of rooftop solar panels: Piyush Goyal

In reply to another query, the minister conceded that the nation is facing huge transmission and distribution losses in the aggregate, particularly in the eastern and northern parts.

By: ENS Economic Bureau | New Delhi | Published: June 5, 2015 1:38:40 am
Union Energy Minister Piyush Goyal Union Energy Minister Piyush Goyal

Coal, power and renewable energy minister Piyush Goyal on Thursday said the government is planning to bring down the cost of rooftop solar panels.

“We are hoping to scale the demand for rooftop solar, and in the next seven years, we have plans to roll out 40,000 MW for rooftop solar, which is massive. Concurrently, we will start procurement through reverse bidding which should help bring down the prices. To what extent the prices will come down, I cannot say at this point,” Goyal said in reply to a query during a question-and-answer session on Facebook.

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In reply to another query, the minister conceded that the nation is facing huge transmission and distribution losses in the aggregate, particularly in the eastern and northern parts. “In states like Bihar, it’s upwards of 40 per cent. We have started two new schemes for rural and urban areas focused on upgrading the transmission and distribution infrastructure by feeder segregation of power lines to the farms, extensive metering along the transmission corridors, smart meters, and advanced communication systems to integrate consumption data with billing so that we can address this problem of power theft, and distribution losses, “Goyal said.

Meanwhile, he also said that the Centre is planning to save $2 billion in four years. “The plan is to cut down energy demand by nearly 10,000 MW in peak hours by changing to LED lights in street and homes by 2019. This itself will save power to the tune of $2 billion,” Goyal said. With PTI Inputs

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