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Web Exclusive | May 2017

World acknowledges India's contribution and achievements in RE| Goyal

FICCI led a high-level business delegation accompanying Piyush Goyal, Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, GoI to Vienna and London, aiming not only to see stronger business ties but also to express what could beckon Austria and UK to India.

While addressing a press conference on the outcome of this visit, the minister informed that the engagement with the business leaders and multilateral agencies in Vienna and London was very gratifying as the world has started acknowledging India’s contribution and achievements towards the renewable energy sector. At the Vienna Energy Forum, the discussion revolved around the world’s largest energy transformation programme which is currently being pioneered by India. He asserted that no country has the scale and speed that India has in terms of financing and technical capabilities. He also urged the global community to link low cost technology, renewable energy and sustainable lifestyles. Highlighting India’s falling prices of solar and wind energy which at present have reached below grid parity, he exhorted that the bidding of Renewable Energy projects is a proof of power of transparency and honesty in the governance system.

“India has experienced world’s largest energy transformation compared to any other country. Today we have renewable energy that is unimaginable,” said Goyal.

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