New Delhi, 22 February (IANS). Union Energy Minister Manohar Lal on Saturday told the parties of the industry that there is a need to focus on unique innovation to achieve the target of renewable energy of 500 GW of India.
Speaking at the ‘Elecarama 2025’ program organized by the Industry Body Indian Electrical and Electronics Manufacturers Association (IEEMA) in Greater Noida, the Union Minister emphasized the importance of the power sector in furthering the country’s economic growth.
Lal said in his address that the future of the power sector in India is quite good. We need to focus on innovative methods to increase production.
He said that there is a need to develop Endwas Power Electronics, Affordable Transformer, Power Converters, Smart Grid Solutions to avail green energy.
According to the Union Minister, the joint effort of the industry and the government is necessary to make this sector the engine of India’s development.
The Union Minister further said that India is working towards gaining 500 GW Renewable Energy Capacity by 2030. If both the industry and the government work together efficiently, then this goal can be achieved.
India has increased its renewable energy capacity by 2.81 times since 2014 to 200 gigawatts.
Lal further said that during this time India has increased its solar capacity by 38 times to more than 100 GW. This shows that the country is increasingly moving in the field of renewable energy.
He also emphasized the importance of improving the country’s energy transmission and distribution network and urged the industry players to focus on developing high efficiency equipment such as gas insulated switchgear (GIS) substation to modernize the grid.
The Union Minister further said, “E-dubility is a big opportunity, and the country needs more battery-swapping stations, fast charger and vehicle-to-grid systems to reduce emissions and support clean transport.”
The government will provide full assistance to investors and they should take advantage of various schemes and initiatives made to promote the region.
-IANS
ABS/
