Power Minister urges US companies to help India with innovative solutions for clean energy sector
Updated: Sep 21, 2015 05:29:41pm
New Delhi, Sept 21 (KNN) Union Minister of State (IC) for Power, Coal and Renewable Energy, Piyush Goyal urged the United States and its constituent companies to help India with innovative solutions on clean energy market so as to not miss out on the tremendous opportunity in India which is set to become the largest clean energy market in the next 10 years.
He was addressing a high level gathering of US companies in the renewable energy development and financing sector, organised by the Confederation of Indian Industry (CII) in partnership with the American Council on a Renewable Energy (ACORE) in Washington DC on Sunday.
The minister also laid out the NDA government's vision for getting to the ambitious target of 175 GW of clean energy by 2022.
In particular, Goyal addressed concerns relating to the fiscal health of distribution companies in India and mentioned that the government was looking for a long term and sustainable solution to the issue which will be implemented soon.
The meeting was held just before the US-India Energy Dialogue and the US-India Strategic and Commercial Dialogue which are further expected to help boost the bilateral partnership days before the Prime Minister’s much anticipated second visit to the US at the end of the week.
To mark the occasion, CII and ACORE signed a Memorandum of Understanding to help solidify and bolster cooperation in the clean energy sector through facilitation of dialogues between industry experts, the development of platforms to deepen cooperation as well as platforms to exchange policy recommendations and best practices.
The US companies that attended the meeting included SunEdison, Bank of America, First Solar, Credit Suisse, Apex clean energy, Sun Power, Deutsche Bank etc. A high powered CII CEOs delegation also participated, including Dr Preetha Reddy, Apollo Hospitals; Ms Kiran Mazumdar Shah, Biocon; Mr Shiv Khemka, Sun Group; Mr Rajan Navani, Jetline Group; Mr Pranav Tanti,Suzlon; Mr Rahul Munjal, Hero Future Energies; Mr. Kishore Nair, Welspun Energy. (KNN Bureau)
He was addressing a high level gathering of US companies in the renewable energy development and financing sector, organised by the Confederation of Indian Industry (CII) in partnership with the American Council on a Renewable Energy (ACORE) in Washington DC on Sunday.
The minister also laid out the NDA government's vision for getting to the ambitious target of 175 GW of clean energy by 2022.
In particular, Goyal addressed concerns relating to the fiscal health of distribution companies in India and mentioned that the government was looking for a long term and sustainable solution to the issue which will be implemented soon.
The meeting was held just before the US-India Energy Dialogue and the US-India Strategic and Commercial Dialogue which are further expected to help boost the bilateral partnership days before the Prime Minister’s much anticipated second visit to the US at the end of the week.
To mark the occasion, CII and ACORE signed a Memorandum of Understanding to help solidify and bolster cooperation in the clean energy sector through facilitation of dialogues between industry experts, the development of platforms to deepen cooperation as well as platforms to exchange policy recommendations and best practices.
The US companies that attended the meeting included SunEdison, Bank of America, First Solar, Credit Suisse, Apex clean energy, Sun Power, Deutsche Bank etc. A high powered CII CEOs delegation also participated, including Dr Preetha Reddy, Apollo Hospitals; Ms Kiran Mazumdar Shah, Biocon; Mr Shiv Khemka, Sun Group; Mr Rajan Navani, Jetline Group; Mr Pranav Tanti,Suzlon; Mr Rahul Munjal, Hero Future Energies; Mr. Kishore Nair, Welspun Energy. (KNN Bureau)
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