POLICY & REGULATIONS
POLICY & REGULATIONS
Integrated Energy Policy Formulated covering all sources of Energy Including Renewable Energy Sources
G overnment has formulated an Integrated Energy Policy( IEP) document gives a roadmap to develop energy supply options and increased exploitation of renewable energy sources. In addition, for promotion of Renewable Energy, Government has amended the National Tariff Policy for electricity in January 2016. By this amendment several provisions for promotion of renewable energy have been made.
This was stated by Shri Piyush Goyal, Minister of State( IC) for Power, Coal, New and Renewable Energy and Mines in a written reply to a question in the Lok Sabha today.
Giving details of plan to achieve 100 GW of solar capacity installation by 2022 through installation of projects under various schemes, the Minister said several schemes have been launched by Ministry of New and Renewable Energy( MNRE) which are as follows:
( I). Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects.
( II). Scheme for Development of Solar PV Power Plants on Canal Banks / Canal Tops.
( III). Scheme for setting up of 300 MW of Grid connected Solar PV Power Projects by Defence Establishments under Ministry of Defence and Para Military forces with Viability Gap Funding( VGF) under Batch-IV of Phase-II / III of National Solar Mission.
( IV). Implementation of scheme for setting up of 1000 MW of Grid- Connected Solar PV Power Projects by CPSUs with VGF under Batch-V of Phase-II of JNNSM.
( V). Implementation of Scheme for Setting up of 15000 MW of Grid connected Solar PV Power Projects under Batch II of Phase II of National Solar Mission( by NTPC / NVVN)
( VI). Setting up of 2000 MW Grid connected solar power with VGF through Solar Energy Corporation of India( SECI)
( VII). Development of Solar Cities Programme.
( VIII). Scheme for. Development of Solar Zones in the country
Will surpass $ 10 bn investment commitment for India: SoftBank
“ We have already invested USD 2 billion in last few years … we will surpass my commitment of investing USD 10 billion,”
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“ We continue to expand on that,” high-profile businessman, who made headlines earlier this year when he decided to continue as the head of SoftBank instead of handing over the baton.
Mr. Nikesh Arora
ositive on India’ s prospects, Japan’ s SoftBank today pledged that it will“ surpass” the stated commitment of investing USD 10 billion in the country as it ramps up investments in solar power generation and Internet-led businesses.
SoftBank Chairman and Chief Executive Masayoshi Son said at the HT Leadership Summit here. He further said SoftBank is investing in areas like solar power generation and“ lots of Internetrelated companies”.
SoftBank in 2014 had announced plans to invest USD 10 billion in India over the next decade. It has invested in online marketplace Snapdeal, Ola Cabs and property site Housing. com and InMobi, an Indian mobile-advertising network. It also has a joint venture with India’ s Bharti Group, Bharti SoftBank, the investments of which include the mobile application Hike Messenger, now a unicorn. In January this year, Son had said 21st century belongs to India and huge opportunities exist in the country, but wanted the government to develop a robust mobile phone infrastructure and resolve slow Internet issues.
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EQ December 2016 www. EQMagPro. com