- The cheaper power will also help reduce cross-subsidies imposed on industries across states.
- As many as 1 lakh farmers on 230 agricultural feeders are being supplied with power for pumps during the daytime so far,” said Pathak.
- There has been a demand for a reliable power supply for eight hours during the daytime for agriculture.
- In the new scheme, solar power will be available at around Rs 3.30 per unit, and the burden of cross subsidy will be reduced.”
- There is barren land in parts of the state that remain unused and cause farmers losses.
- India will more than triple the capacity of auctions used to allocate renewable energy projects as the nation seeks more progress toward a 2030 clean power target.
- The nation is accelerating project installations to hit a goal to have 500 gigawatts of clean energy generation capacity in 2030, which will also include hydro and nuclear plants.
- Surging demand for electricity has underscored the need for new investment, though projects in India face challenges like high interest rates and competition from developed markets offering green subsidies.
- That compares with an average of 15 gigawatts auctioned annually in the last five fiscal years, according to #BloombergNEF.
- Those factors are “critical to the success of the plan, failing which the tenders will likely end up being under-subscribed,” Gadre said.
- There are no plans to further extend the Approved List of Models and Manufacturers (ALMM) of solar photovoltaic modules at the moment, a senior government official said on Wednesday.
- Replying to a question on plans of extension to the ALMM, he said: "ALMM was only deferred for a year.
- As of now, we are very clear we are not extending it".
- |#ALMM was introduced to boost domestic manufacturing.
- The official further said that "the ministry on a regular basis keeps on interacting with industry stakeholders and actively addresses their issues with respect to projects".
