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Once impenetrable to technological advances, the power industry is in a state of churn.

The Government of India has approved the launch of KUSUM (Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme, to promote the use of solar powered agriculture pumps by farmers and installation of small renewable power plants (500 KW to 2 MW) by farmers/cooperatives/panchayats on their lands, with a funding support of Rs 344.22 billion.

The government has approved phase-II of rooftop solar programme with a funding outlay of Rs 118.14 billion for achieving the 40 GW rooftop solar capacity target by FY2022.

Implementing smart meters is one of the operational performance parameters under the Government of India’s Ujwal DISCOM Assurance Yojana (UDAY). The scheme would help in reducing AT&C losses.

Due to the festive demand and increase in dry weather consumption, the electricity price rose to a record of Rs 12.95 per unit, while its peak hour price soared to Rs 8.78 a unit in spot market.

Manoj Gupta, Vice President-Solar Business, Fortum India opines most of the financing received for the renewable energy development comes from the domestic banks. However, with the current level of fund generation, it is difficult to sustain solar energy goals.

Waaree Energies is the flagship company of Waaree Group, founded in 1989 with its headquarter in Mumbai, India.

Balraj Joshi is the Chairman and Managing Director of NHPC since September 22, 2017 and has served as its Director of Technical from March 23, 2018 to July 5, 2018