Saturday, December 7, 2013

Re In India To Attract 200 Bn Investment Says Piyush Goyal

Re In India To Attract 200 Bn Investment Says Piyush Goyal
Amid government's plans of scaling up renewable energy in the country, the RE sector in India is expected to witness an investment of around 200 billion. This was said by Power, Coal and Renewable Energy Minister Piyush Goyal in New Delhi.

The minister said that several domestic and foreign companies have expressed their commitment for setting up renewable energy projects in the country. He stated that the capacity committed by RE players has even exceeded the envisaged targets over the next 5-7 years.

The most ambitious plan is for solar energy where government has scaled up the installation target to 1 lakh MW by 2022 from earlier target of 2,000 MW under the Jawaharlal Nehru National Solar Mission (JNNSM). Goyal said that government is also looking at rooftop solar model and has earmarked a capacity addition of 40,000 MW.

The Ministry of New and Renewable Energy (MNRE) is organising first Renewable Energy Global Investors Meet Expo (RE-INVEST) from February 15-17, 2015 in New Delhi to showcase India as the RE hub to the global renewable community.

Article source: http://feedproxy.google.com/~r/Energynext/~3/PbGBqcqdpvE/

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