Discoms’ loss will be zero by 2019, investment thrust towards renewable: Piyush Goyal

October 26, 2015

India’s energy landscape is poised for a dramatic change as fresh investments in wind and solar projects will overtake those in fossil fuel-based plants, and the government is confident of wiping out state distribution companies’ losses by 2019, removing the power sector’s most stubborn bottleneck.

Goyal said renewable costs are falling steeply and tariffs from such projects remain constant for quarter of a century unlike fossil fuels, which have seen dramatic increase in costs in recent decades. Further, renewables add to the country’s energy security and help in keeping the environment clean.

Posted in Alternative/Renewable by admin

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