Lucknow, Feb 26 (KNN) With the Electrical Vehicle revolution coming globally, small scale entrepreneurs will get business opportunities as there would be increased need of charging stations, Devendra Chaudhary Chairman UPSRTC has said.

He said this while addressing the all India Solar Summit -2018 organized by Indian Industries Association (IIA). 

In his welcome address, President IIA Sunil Vaish said that to meet the target of Government of India & Government of U.P. for Solar Power generation & use, organizing such Solar events is necessary.

Devendra Chaudhary said that Government of India have now fixed a Renewal Energy Purchase obligation (RPO) of  8% for the Power utility Companies in the States.

It was difficult for the Power Companies to adhere to this obligation in the past but the bundling is now easy because cost of Solar Power is coming down. There is a great scope for Rural Solar Electrification for which IIA should make a study, said Choudhary.

If we focus on Roof Top Solar Power Plants & Rural Solar Electrification, the issue of land availability will not be significant as it is for the grounded grid connected Solar Power Projects.

Choudhary further said that Electrical Vehicle revolution is coming globally and will come to India also is near future.  These vehicles will need charging stations along the road which will be another business opportunity for small scale entrepreneurs.

“We also need to study how electrical vehicles will have impact on the Solar Energy utilization,” Choudhary said adding that funding of Solar project and availability of cheap finance for the Solar sector is still an important issue.