So­lar en­ergy can help in poverty al­le­vi­a­tion: Goyal

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So­lar en­ergy can help in poverty al­le­vi­a­tion pro­grammes as it can pro­vide in­come to a large num­ber of peo­ple hav­ing land but no in­come from it, Power Min­is­ter Piyush Goyal has said.

"So­lar can add value to poverty al­le­vi­a­tion ef­forts and deeply im­pact ed­u­ca­tion for chil­dren. Sev­eral peo­ple with land rights have no eco­nomic re­turn, so­lar can pro­vide them in­come," Goyal said at a ses­sion of World Fu­ture En­ergy Sum­mit 2017 at Abu Dhabi.

Goyal was lead­ing a 20-mem­ber of­fi­cial and busi­ness del­e­ga­tion at the Sum­mit.

The min­is­ter was of the view that so­lar is an eco­nom­i­cally sound busi­ness propo­si­tion. The spread and suc­cess of the so­lar story will hap­pen on its own merit. The whole world is con­spir­ing to make this hap­pen.

Ac­cord­ing to a state­ment re­leased by in­dus­try body FICCI, Goyal also said that the In­ter­na­tional So­lar Al­liance can play an im­por­tant role as a cat­a­lyst to bring the re­cip­i­ents of tech­nol­ogy and cap­i­tal.

"It is the fastest launch of an in­ter­na­tional or­gan­i­sa­tion from con­cept to launch. Tech­nol­ogy will play a cru­cial role. We need con­sumers, pol­i­cy­mak­ers, pri­vate sec­tor, and academia to come to­gether in a part­ner­ship to make the ISA a suc­cess­ful plat­form", he added.

The min­is­ter also said, "In­dia’s en­ergy se­cu­rity is go­ing to de­fine our en­ergy mix. It is in In­dia's in­ter­est to en­hance re­new­able en­ergy not just for com­bat­ing cli­mate change but for its own en­ergy se­cu­rity. Get­ting out of feed in tar­iff and into com­pet­i­tive bid­ding has strength­ened the sys­tem. This is great for in­vestors look­ing for trans­par­ent sys­tems."

"We have looked at ame­lio­rat­ing counter party risk for dis­tri­bu­tion com­pa­nies through a pay­ment se­cu­rity mech­a­nism,” he added.

PIYUSH GOYAL, POWER MIN­IS­TER

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