Context :
2030 renewable energy target: Panel to be set up soon
for ‘Mission 500GW’ /
ET / 14 Dec 2021
Extract :
A 'Mission 500GW' action plan will be drawn up soon by the government to take forward the announcement
made by Prime Minister Modi at the COP26 climate conference at Glasgow last
month.
ET gathers that a joint committee of the ministry of power and ministry of new and renewable energy will
soon be set up to draw a detailed action plan to take up India's renewable energy (RE) capacity
to 500GW by 2030.
Officials said that issues of :
#
Transmission
#
Various types of technologies to be used
#
Energy mix for the 500 GW target
#
Storage requirement
-
Will also be assessed by this panel
It will also look into :
#
The regulatory frame-work required for scaling up of RE
#
Draw in the crucial Foreign Investment into the sector
My Take :
It is indeed a good idea to form an
inter-ministerial committee to arrive at a consensual decision
Decisions arrived through enlarged
participation of all stakeholders, have a much better chance of being quickly
implemented
Dear
PMO ,
Since I do not know who all are the
members of the proposed panel, I request you to pass on my following earlier e-mail
on this subject :
Vishwa Karma V 2.0 ? ……………………..[ 04 Nov 2021 ]
Extract :
Question :
Are Shri Modi’s announcement
like “ building castles in the air “
?
Answer :
As someone said : “ It is
alright to build castles in the Air, as long as you know how to put foundations underneath, later on “
Dear Narendrabhai,
While wishing you a Very happy Diwali, here are
those Foundations – and the “ ball is
in your court “ :
[ A ]
FINANCE FONDATION
Government expects most ( if not, all ) of the
funds for Solar Power to come from Private Sector
Unit selling prices of Solar Power are declining
steadily, year after year. No banker wants to give loans to Companies whose sale-prices
are declining. Mutual Funds / HNI / Retail investors are not enthused to buy
share of such companies.
This reluctance on part of the bankers gets worse
when Govt-owned DISCOMS, blatantly refuse to honor the PPA entered into with
Solar Power producers and regularly demand lowering of agreed purchase prices
In this scenario, how can we motivate the Private
Sector to come forward to invest $ 50 Billion ( for 50 GW ), each year , year
after year, for next 8 years ?
There is ONLY
ONE WAY, as suggested in my following 5 YEAR old e-mail :
Sun : Our
Soul ( A New SOS ) ………………[ 02 Jan 2017 ]
Extract :
* 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
These
are just broad outlines and details need to be worked out
If there is political courage to pull off such an
initiative, government will NOT need to allocate ANY AMOUNT !
NO NEED TO SUBSIDIZE THESE UNITS OR THE USERS, WITH THE TAX PAYERS'
MONEY !
Instead
of that $ 750 million allocation ( from tax payers' money ), Black Money
holders will readily pump in $
750 BILLION into the SOLAR INDUSTRY ( enough for additional
installed capacity of 750 GW - as against our current installed capacity 8.63 GW of solar , and a target
of 100 GW ,
by 2022 !
)
Remember,
how only a few months back, tiny Indonesia managed to collect $ 300 billion of its Black Money , by levying tax ( no penalty )
of just 4 % !
And
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 "
[
B ]
TECHNOLOGY
FOUNDATION
Our target is to add 400 GW of Solar power in 8
years
That will require :
# Next generation Solar Panels which are 1,000 TIMES more productive than
current ones
# Batteries that can store
Solar Power for
days together
Fortunately such technologies are available – and
their Inventers - Owners – Manufacturers , must be persuaded ( no
rule-regulation-law-convention-past practice etc, to come in the way ) to set
up their manufacturing operations in India, by APRIL 2022
Here is that TECHNOLOGY FOUNDATION :
How to
reduce Carbon Emission to Net Zero ?...................
[ 25 July 2021 ]
1000 times
more powerful solar pv
panels ………………. (
08 Sept 2021 )
With regards,
Hemen Parekh / hcp@RecruitGuru.com / 15
Dec 2021
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