The ruling Bharatiya Janata Party's National Democratic Alliance government presented its last budget for the party's five year tenure, on February 1, 2019. The budget is an interim one, as all citizens of India will vote at the general elections in May, and the party that gets elected will release...
India Aspires to Sell Only Electric Cars by 2030
A Government of India-led initiative – the National Electric Mobility Mission Plan – targets annual sales of 6-7 million EV/Hybrid vehicles by 2020. The government hopes that by 2030, all vehicles sold in India will be electric-powered says a blog post from India Energy. Speaking on "Changing Energy Economics and...
India to Ramp up Solar Energy Power Four-Fold by 2017
Piyush Goyal, India’s Minister of Coal, Power and Renewable Energy said, “Today our solar capacity is about 4,500 MW and the capacity addition target for this year is about 2,000 MW. During 2016-17, we are hoping to add 12,000 MW in the solar sector alone. Thus, including other renewable sources,...
India to Initiate Dollar Bidding for Solar Contracts
PV Magazine reports that India’s government is ready to introduce its first U.S. dollar bidding process for solar tenders in an effort to attract greater overseas investment and cut development costs in the country. State-owned National Thermal Power Corporation, will award tenders for between 500MW-1GW this month, Ministry of New...
New Energy Minister Discloses Aggressive Expansion Plan
India’s energy demand is set to double by 2019, according to Piyush Goyal, India’s minister for power, coal and renewable energy. "It’s a huge investment opportunity of nearly $250 billion over the next four to five years, including$100 billion in renewables and $50 billion in transmission and distribution. In recent...
Minister of Energy (Power) Sets Lofty Targets
Piyush Goyal is the current Minister of State with Independent Charge for Power, Coal, and New & Renewable Energy in the Government of India. A graduate of law and accountancy, Goyal was a management consultant and an investment banker before he became a full-time politician. He has participated in Leadership...