Dear Narendrabhai ,
Legend has it that
Lord Krishna wanted to build a brand new city on west coast of Saurashtra and
gave the job to Vishwa Karma
There was just one
condition : That new city must be
constructed overnight !
Vishwa Karma
mobilized all his resources and got the job done. City of Dwarka was born
Of course, western
world keeps reminding us : Rome was not built in a day !
On Monday, at
COP26, you announced :
Ø
India
will achieve net Zero status by 2070
Ø
By
2030, 50 % of energy to come from renewable sources
Ø
To
raise non-fossil fuel energy capacity to 500 GW 2030 ( considering that we are
currently at 100 GW, it would mean adding another 400 GW by 2030 , which is
almost 50 GW / year for next 8 years )
Ø
Cut
projected emissions by a billion tons
Ø
Cut
carbon intensity of India’s economy by 45 %
This target must be
viewed in light of following :
Ø
India’s
current installed Energy Generation Capacity is :
# 60.2 %
Fossil Fuel
# 1.7 % Nuclear
# 37.9 %
Renewable ( 43 % Solar / 41.2 % Wind / 10.3 % Bio-Energy / 4.8 % Small Hydro )
Ø
Except
for year 2020 when we added 12 GW, our average addition has been 8 GW / year
for last decade ( mostly solar )
Ø
For
achieving the revised target, we will have to mostly rely on Solar. Hydro Power
has to be ruled out since it takes many years to construct. Of course, wind
power can contribute but, as per one private study, wind velocities have
declined by as much as 40 % over the past decade in most promising locations
Question :
Ø
Are
Shri Modi’s announcement like “ building castles in the air “ ?
Answer :
Ø
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 &
* 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
2018 )
* No questions will be asked as to the " source " of funds invested in the shares
of such
- ( a kind of Temporary Amnesty Scheme - 01 April 2017 till 31 March 2018 -
to
assets )
* Units cannot engage in
any other Industrial / Commercial / Financial activities
* Units cannot declare any dividends to share-holders for 10 years
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 % !
* 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
[ B ]
TECHNOLOGY
FOUNDATION
Our target is to add
400 GW of Solar power in 8 years
That will require :
Ø
Next
generation Solar Panels which are 1,000 TIMES more productive than current ones
Ø
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 / 04 Nov
2021 – DIWALI / hcp@RecruitGuru.com
Related
Readings / Resources :
AtmaNirbhar
Bharat –Production Linked Incentive scheme (PLI)
1 MW
Solar Power Plant: Types, Models, Price And Complete Details In India 2021
If
COP26 doesn’t launch a radical energy transition, then what use is it?
New Solar Cell Innovation Provides 1,000 Times More Power / Interesting Engineering / 22 July
2021
World's cheapest energy storage will be an iron-air battery / RechargeNews / 23 July 2021
Well said, Shri Ajay Mathur ………………………………………………(
23 Aug 2021 )
-------------------------------------------------------------------------------
Price per MWH of Electricity ( in $ ) by Source
( 2010 /
2019 )
( Global weighted average of levelised cost of
energy , without subsidies ):
# Solar Photovoltaic……….( 378
/ 68 )
#
Offshore……………………….( 162 / 115
)
# Coal……………………………….( 111
/ 109 )
# Nuclear………………………… ( 96 / 155 )
#
Offshore Wind……………….( 86 /
53 )
[ Source : Times Business / 04 Nov 2021 ]
Copy To :
rajkumar.singh19@sansad.nic.in
amarjit.soran@isolaralliance.org
cecile.martinphipps@isolaralliance.org
archanabhardwaj@isolaralliance.org
jagjeetsareen@isolaralliance.org
meghapushpendra@isolaralliance.org
naresh.mehta@isolaralliance.org
sastryakella@isolaralliance.org
shishir.seth@isolaralliance.org
rajeevgyani@isolaralliance.org