Sun Shines on
Saudi
Saudi Arabia is the world’s largest producer / exporter
of oil
Oil under Saudi soil was produced by sun’s energy , millions
of years ago
That very same “ Sun Energy “ is about to transform the
energy landscape of Saudi in the next 12 years , as reported below :
Saudi Arabia just announced a solar power project , having
following parameters :
*
Location……………………………………………………………… Rub’al Khali desert
* Size /
Project Cost …………………………………………200 GW / $ 200 Billion
* Target
Completion……………………………………………… 2030
* Saving in
Saudi Arabia’s Power Bill…………………….$
40 Billion / year
This means Saudi project will recover its
investment in just 5 years
* Expected
increase in GDP…………………………………. $ 12
Billion
* Expected Tariff from Solar Project…………………. 2 cents per kwh ( Rs 1.3 )
Current Tariff in Saudi is…………………………………. 4
cents per kwh ( Rs 2.6 )
* Likely
creation of new jobs………………………………… 100,000
* Solar
Panels Area……………………………………………….5,000 Sq Km
Could India do better
?
Yes - if Shri Piyush Goyalji and
Shri R K Singhji ,
make up their minds !
How ?
Area of India’s Deserts …………………278,500 Sq Km
Even if we cover just 10 % of our deserts with Solar Panels , we could generate ,
1,160
GW !
And quite likely, as expected in Saudi project , our
Solar tariff could also drop by 50 % , from
current recent tendered quotes of Rs 2.44 / unit to
Rs 1.2 / unit
!
Through that expected drop in tariff ( from 4 cents to 2 cents ) , Saudi expect their GDP to go up by $ 12 Billion
By how much can India’s GDP go up if our tariff was to
drop from Rs 2.44 to Rs 1.22 ?
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