Current Issue

April, 2016
SUNBOUND...
 
December, 2015
The Green Route...
 
September, 2015
E2 Special Issue...
 
April, 2015
SMART CITY ALL FINAL...
 
January, 2015
INDIA-EU CLEANERGY SYNERG...
 
November, 2014
...
 

Ad Section

Energyensemble.com - Greenergy Efficient

These days, people often get to hear phrases like 'energy poverty'. In India, ironically, more than 400 million people do not have access to electricity. The economic, environmental, and social costs of continued energy deprivation are too high. Therefore, with this new phrase comes pertinent question like: is energy a luxury in a country like India?

Having said this and having raised this isssue, one must also appreciate that today it's not  an over statement to bill India as one of the world's fastest growing economies. As the Indian economy surges ahead, India is witnessing an unprecedented demand for energy and a growing deficit in power supply. Frequent energy cuts in many parts of the country and high diesel costs do not only jeopardize the productivity and competitiveness of the businesses. They also put a high economic strain on households, which often resolve to harmful indoor fires and unsustainable wood harvesting.

At this outset, the Jawaharlal Nehru National Solar Mission, launched in 2011, has rightly recognised access to clean, affordable and reliable energy as a fundamental driver of economic growth, environmental sustainability, and social development. In a country like India, just as plants and factories need energy to power their operations, farmers need pumps to irrigate their fields.

The main objective with which the Jawaharlal Nehru National Solar Mission was launched is to improve energy access in India's hinterland, which is harshly affected by the adversities of energy poverty. And this can be done by improving energy efficiency.

The mission hopes to achieve 20 million square meters of installed solar water heaters and a power production of 2,000 MW through off-grid solar systems by 2022. To support the venture, the government introduced a capital cost subsidy of 30 per cent and a five per cent interest rate subsidy to financing respective loans. In early 2012, the interest rate was abolished and the capital cost subsidy raised to 40 per cent.

Unfortunately, however, there is a very low level of awareness of business opportunities for clean energy lending and lack of knowledge of energy technologies and also there is a high-risk perception concerning use and maintenance of the technology by borrowers. Local financial institutions are still skeptic to offer credit for clean energy products to rural customers who cannot afford upfront costs. The government interest rate subsidy on loans has not been able to reverse this tendency.

However, the potential of clean energy technology even in rural areas and suburban areas is enormous. For instance, solar home systems, can be easily installed on rooftops of rural homes and provide electricity for home lighting, TVs, and refrigators. Solar water heaters, on the contrary, may provide access to hot water for sanitation and hygiene. The failure to attract finance for clean energy technologies is a major wekness of the National Solar Mission. If energy poverty is to be eradicated, this roadblock must go at any cost. Policy makers must realize that when it comes to energy, if it's green, it's efficient too.

 

Testimonial

Precisely the same time.....
Precisely the same time when I was looking for a comprehensive journal on the energy sector, I got a...
I read with great interest...
I read with great interest the second issue of "Energy Ensemble". The cover issue was hugely inte...
Great Job Energy Ensemble!
Putting my hands on Energy Ensemble, I must say that the coverage is great. Everybody has nothing bu...
Thank you Energy Ensemble
When I was in India I had some interest in the energy sector and now while working with a financial ...

National News

Inox Wind bags 50 MW repeat order from Tata Power www.mrepwatch....
L&T Special Steels and Special Forgings (LTSSHF), a joint venture of L&T and NPCIL, crossed an impor...
Ladies and gentlemen, august guests and all who are present here, my thanks to the hosts of Energy F...
In late August, the Indian Government announced a list of ~100 cities which would become smart citie...

International News

Crude Oil report: The ResearchTeam @ IFA Global Crude Oil: $ 49.62 The Crude oil prices rose more ...
Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its re...
...
By Debhota Mukherjee Last time when the Energy Forum took place, we had a different governmen...

Technology

asa...
asa...
Gearless Hydraulic Drives constitute a state-of-the art technology which is widely being used in Eur...
Jakson Power Solutions, a leading power solutions company in the country, has announced the launch o...

BooK Shelf

Interview

  1. Do you think Nuclear Power would be able to replace traditional power sources...

Sesquicentenary year/ Celebraing 150 years of Andrew Yule

2013 is ...

  1. Do you think that commissioning of the Kudankulam pnat can help, in some way,...

Strong Demand for CMAs in Energy Sector...