28 Sep '14, 12am

India Makes Plans To Spur More Renewable Energy Development

The government is preparing a rule that would mandate companies building fossil fuel based plants to also set up renewable capacity, Power Minister Piyush Goyal said yesterday. Coal generates 60 percent of the nation’s electricity even as supply bottlenecks contribute to chronic blackouts. “A generator will have an obligation to bundle his supplies with a certain share of renewable energy,” Goyal said at a conference in New Delhi. He’s asked the nation’s biggest generator NTPC Ltd., as well as state-run miner Coal India Ltd., to make investments to promote clean energy. Modi’s administration has pledged to quicken clean-energy deployment in India . The country’s 20 gigawatts of wind and solar capacity is one-fifth of China’s installations. India expects to receive more than $100 billion of investment in the next four years as it targets raising renewables’ share of the ele...

Full article: http://www.renewableenergyworld.com/rea/news/article/2014...

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