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

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

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