Interface of Solar with DC Technology will help secure energy security: Goyal

- Advertisement -

Minister of State (IC) for Power, Coal, Mines and New & Renewable Energy, Piyush Goyal on Friday said that the interface of solar technology with DC technology inspired me most and It will help to secure energy security and provide green energy”, he said this after laying foundation stone for energy saving chilled water storage and centre for battery engineering and electric vehicles at the IIT-Chennai.

 

By Belal Khan

- Advertisement -

Piyush Goel

 

Goyal further said that I believe this fusion of Solar Technology for providing green energy & energy security can be utilized for serving the under privileged & ultimately, the whole nation.

Speaking on the occasion, Goyal stated that India has the skill, knowledge, capacity to develop cutting edge green technology which would provide power to the weaker section of society. He emphasized that India has to innovate; it has to invest in R & D & promote young innovators.

“This way, we can provide a way forward to the World”, the Minister added.

Referring to innovative green technology research being undertaken at IIT Madras, the Minister said that this highlights a new kind of partnership made possible between Public-Private-Professor-People (PPPP). He said these technologies can make uninterrupted power accessible and affordable for the poor and aligns with the Government’s commitment to make power available to every home in India. He said these technologies are a significant leap towards India achieving energy security goals.

While replying to the questions of the media persons during press conference, Goyal said that if Tamil Nadu signs the UDAY scheme, it will save over Rs.22,400 crore in the next 3 years and a further saving of Rs. 7000 cr per year after 2019. He stressed upon the need of ‘Right of Way’ being given to the projects by the State governments in order to make South India power surplus.

Talking about transparent auctions, the Minister explained in detail the economies of scale being achieved in the Power sector. He quoted the example of Rajasthan where new tenders have been recently opened, which has led to a progressive decrease in the price of Solar Power to Rs. 4.35 per unit. Renewable energy is no more unviable today. “Its price is decreasing on a year-on-year basis unlike other conventional sources of power”, he said.

The Minister expressed pride in telling the media that most of the power plants in India are power surplus today and the Government at the Centre is proactive in helping the power deficit States in meeting their power requirements.

Listing the initiatives taken by the government to give thrust renewable energy, the minister said the centre has launched two pilot projects at Phalodi in Rajasthan and Sasar at a cost of 80 crore rupees to provide solar power to all households in these two areas.

On the occasion, Goyal also launched energy efficient LED tube light and bulbs as a part of green technology innovation at the IIT campus and visited solar power green house.

- Advertisement -

Most Popular Articles

Tata Power Boosts EV Charging In Eastern Uttar Pradesh

0
Tata Power has launched new EV charging stations in Azamgarh and additional cities, enhancing electric vehicle connectivity throughout Eastern Uttar Pradesh. Tata Power, a leading...
Vanguard Slashes Ola's Valuation

Vanguard Slashes Ola’s Valuation To Approximately $1.88 Bn

0
The consolidated revenue of Ola increased to Rs 3,000 crore in FY23 from Rs 2,120 crore in FY22, while its EBITDA loss narrowed to...

China Presses France For EU-Friendly EV Trade Resolution

0
During a meeting with French junior trade minister Sophie Primas in Shanghai on Sunday, Wang Wentao emphasised that the European Union's probe into Chinese...
Global Tablet Shipment

Global Tablet Shipments Grows 20.4% To 39.6 Million Units in Q3 2024

0
The tablet market is experiencing a positive shift, with AI integration playing a pivotal role in revitalizing consumer interest and driving growth. After witnessing a...

Electric Two-Wheelers Zoom Ahead With An 85% Sales Surge In October

0
In the first ten months of 2024, sales of electric two-wheelers reached 954,164 units, marking a 38% increase from the 692,363 units sold during...
Dr Yashodhan P. Gokhale, Vice President for Battery Technology, JSW Energy

Charge Forward: High-Voltage Batteries And MSMEs Can Fuel India’s EV Revolution

0
A nuanced explanation of low- and high-voltage EV batteries by Dr Gokhale, Vice President for Battery Technology at JSW Energy, illuminates their advancements and...
Sanjay Gupta, CDO & Global Head of Engineering, L&T Semiconductor Technologies

Can MSMEs Contribute And Profit From The Semicon Boom?

0
Semiconductor manufacturing often requires significant investment, typically feasible only for governments or large corporations. But are there opportunities for MSMEs as well? We spoke...
N.P. Ramesh, COO and Co-Founder, Orb Energy

“We Ensured Customers’ Monthly EMI Would Be Equal To Or Less Than Their Electricity...

0
In a conversation with Nitisha from EFY, N.P. Ramesh of Orb Energy outlines the early financing challenges customers faced. He explains how Orb Energy’s...

“Government Policy Should Equitably Address All Electric Vehicles: Extend Subsidies To Retrofits Or Remove...

0
Aryaman Raghuvanshi from EFY engages with Pramod Narendra, Head of Brand Management and Retail Network at Starya Mobility, to explore the overlooked potential of...
Rupali Pawar, Senior Vice President of Business at Mukunda Foods

“Transforming Global Cuisines by Automating 80% Of Recipes” – Rupali Pawar, Senior Vice President...

0
In a recent discussion with Nitisha from EFY, Rupali Pawar, Senior Vice President of Business at Mukunda Foods, provided valuable insights into the advancements...

Wireless Light-Based Communication With Velmenni’s Technology

0
Velmenni is at the forefront of wireless communication innovation with its pioneering light-based technologies, Li-Fi and LC Link. Founded by Deepak Solanki in October 2014...

Harnessing AI Technology For Efficient Pest Management

0
AI-Genix, an agri-tech startup, is transforming pest management for farmers through advanced AI-enabled systems that precisely target harmful pests. In an industry where pesticides and...

One Charger To Charge All Your Devices

0
Now, there is no need to carry different chargers for different products. This Bhubaneswar startup has launched a universal 65W charger using GaN technology...

Karnataka Government Initiative Promises ₹5M To Tech Startups

0
Boosting innovation and entrepreneurship across the state’s vibrant ecosystem, Karnataka launched Elevate 2024 and KAN, offering grants up to ₹5 million for startups. On Tuesday,...

CastNX Tech Startup Secures ₹232M For Power Electronics Growth

0
Eyeing to boost R&D and produce 100,000 variable frequency drives by 2026, Indian power electronics startup CastNX has secured ₹232.2 million from Plutus Investments. CastNX...

Industry's Buzz

Learn From Leaders

Startups