Renewable Energy Ministry received proposals over 10 GW of fresh solar power Equipment

Download our All Government Jobs Android app to get updates on your mobile.

15 August 2020 Current Affairs:Ministry of New and Renewable Energy has received proposals over 10 gigawatt (GW) of fresh solar power Equipment. The move is in line with the Government of India’s Atma Nirbhar Bharat Abhiyaan. The move is to set up 100 GW of solar energy by the end of 2022. By October 2019, India has already achieved 31 GW. Currently, India is focusing on domestic manufacturing to reduce dependency on imports. Previously, a 750 megawatt (MW) solar project was also inaugurated in Rewa, Madhya Pradesh.

GoI’s measure:
GoI is yet to approve a proposal to levy basic customs duty in the range of 20-40% on solar equipment
Departments and Institutions under GoI were brought under the ruling that they have to purchase only domestically manufactured solar cells.
Also, a 5 percent interest subvention scheme was proposed for wafers, ingots, and cells manufactured in the country
GoI implemented several Safeguard Duties against solar equipment imported from China and Malaysia

Background:
At the Paris summit, India has pledged that it would bring 40% of its electricity generation from non-fossil fuels by 2030. Non-fossil fuels include nuclear power, solar power, hydropower, renewable energy, etc.

source https://naukri.sarkari-exam.in/renewable-energy-ministry-received-proposals-over-10-gw-of-fresh-solar-power-equipment/

Download our All Government Jobs Android app to get updates on your mobile.