$100 billion investment likely in renewable energy in 4 years: Piyush Goyal
The Indian government is expecting $ 100 billion investment in the renewable energy sector in the next four years as it firms up a new policy framework for the same.
“We expect $ 100 billion in the renewable energy sector in the next four years,” Power, Coal and Renewable Energy Minister Piyush Goyal said today at Economist India summit.
He also said the government expects $ 50-60 billion investment in power transmission and distribution in the next four years.
The government is working on a renewable energy policy to attract investments in the space by providing tax breaks and cheaper loans.
Commenting on demand for imposing anti-dumping duty on solar panels at another event, he said: “We had ambitious plans in the solar power sector. Imposition of anti-dumping duty will kill the solar mission.
“Imposition of any such duty would have led to escalation in the tariff from solar plants,” Goyal said at another event today.
The Minister had earlier said domestic solar equipment manufacturing capacity of 700-800 MW is not sufficient to meet the government’s ambitious plans of adding more power generation capacity through renewable energy sources.
Source: economictimes
