Piyush Goyal, the Minister for Coal, Mines and Renewable Energy was beaming with pride when he addressed the press yesterday announcing that India for the first time became an energy exporter in the year 2016-17.
“Power PSUs are working on switching to renewable energy sources for generation of power. Coal India is also working to set up 1 GW of solar power generation. We will continue to work towards achieving 10 GW of renewable power capacity addition,” Goyal said. He added further “By introducing competitive bidding, the government has ensured that renewable energy is affordable and attractive for consumers. This year we saw the lowest tariffs in both solar (Rs 2.44 per unit) and wind (Rs 3.46 per unit) energy.”
Highlighting the achievements that the industry has achieved, Goyal said that India crossed major milestones in its mission of achieving 175 GW of renewable power by 2022 in the previous financial year.
Speaking about Niti Aayog which is is in the process of drafting an energy policy for the next 25-30 years, Goyal also spoke about reviving the stressed hydro and thermal projects.
Goyal said the concept of “One Nation, One Grid, One Price” is now realised with surplus electricity available at affordable rates and would aim at enhancing it further. The highlight of his speech was the announcement of setting up of 1000 MW Solar Generation Power Plant by Coal India which shows India’s commitment towards greener environment and future.