Power & Energy

1,75,000 MW should be target for energy security of country: Piyush Goyal

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Piyush GoyalPiyush Goyal, Union Minister of State (IC) for Coal, Power and New and Renewable Energy said that the target of generating 1,75,000 MW of Renewable energy ( RE) by 2022 should be taken as a mission for ensuring energy security of the country.

The minister said that Government of India is soliciting ideas and constructive criticism on all the renewable power projects. “India will soon lead the league of pioneer countries of the world in the field of renewable energy.”

He also launched IREDA’s loan scheme for Rooftop Solar PV Power Projects. The scheme will provide loans at the interest rate of 9.9 to 10.75 % to the system aggregators and the developers.

The Ministry of New and Renewable Energy (MNRE) has provided the financial assistance of Rs. 1 crore to each Ministry of the Government of India to install minimum 1 MW solar plants on their roofs/lands and also in their associated Institutions.

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