• Prices of solar energy down by 40%: Piyush Goyal

    Power minister Piyush Goyal said that by consistent efforts made by the government the prices of solar energy have come down by 40% in just 18 months.

    He was speaking at the distinguished gathering of Industry stalwarts from Energy sector at a media event, ‘Energy Conclave, 2016 – Securing India’s Green Future’, organized here.

    The Minister noted that India has its own developmental imperatives in the near future, hence it cannot shun the use of fossil fuels completely from its energy basket. It is important to strike a balance between the conventional & renewable sources of energy and rapid societal development & environmental concerns, he added.

    Goyal expressed happiness to see renewable energy taking centre stage in discussions on power sector recently. He noted that it is of prime importance to achieve the goal of ‘One Nation, One Grid, One Price’ at the earliest and create a robust transmission grid network where affordable power is seamlessly available to the common man throughout the Nation, at one price.

    The minister pointed out that the Government, after taking charge, has made the solar power target five times to 100 GW by 2022. Moreover, concentrating on other sources of renewable energy, this year has been dedicated to hydro and wind energy and talks with international gas suppliers are on, he added. Greg Lloyd Jersey

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