A $400 billion plan with fair returns will ensure 24X7 power: Piyush Goyal

24-Mar-2015 #Policy News Source: Business Standard
A $400-bn plan with fair returns will ensure 24X7 power Piyush Goyal solar india inc

Piyush Goyal looking at a billion tonne coal production, 100 GW of solar power capacity and investments of about $50 billion in the transmission and distribution segment in the next five years. It targets renewable energy to hold 15 per cent of the energy mix by 2020. The government is also set to impose stringent penalties on errant discoms who fail to meet renewable purchase obligations.

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