Govern­ment plan­ning $1 bil­lion fund for RE sec­tor

Power Watch India - - DESPATCHES NATIONAL -

Union Min­is­ter Piyush Goyal said that the govern­ment is plan­ning a $1 bil­lion pri­vate equity fund for the re­new­able en­ergy (RE) sec­tor. “We are plan­ning a $1 bil­lion pri­vate equity fund for the RE sec­tor, ini­tially seeded by govern­ment com­pa­nies,” the min­is­ter said. He fur­ther said the govern­ment is also seek­ing to col­lect $4 bil­lion per year in the next three-four years for a clean en­ergy fund. He said that the govern­ment is con­fi­dent of meet­ing its 175,000 MW re­new­able en­ergy tar­get by 2022. “We are en­gag­ing with MIT and Aus­tralia to de­velop clean coal tech­nolo­gies,” he said.

“66% of so­lar panel im­ports are from China”

About 66 per cent of the to­tal im­ports of so­lar power pan­els were from China dur­ing the first three months of the fis­cal, Par­lia­ment was in­formed. As many as 2.92 crore so­lar power pan­els were im­ported from China out of the to­tal im­ports of 4.41 crore pan­els dur­ing April-June, Union Power Min­is­ter Piyush Goyal said in a writ­ten re­ply in Lok Sabha.

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