ENA Sectors 2024-01-17 14:41:15 <p><span style="font-size:14px"><strong>New Delhi, Jan 17 (KKN)</strong> Union Minister R K Singh declared a substantial investment of Rs 17.05 lakh crore in the energy sector. The funds are earmarked for the power and renewable energy domains, attracting a cumulative investment of about 16.93 lakh crore since 2014, as stated by Singh on Monday.</span></p> <p><span style="font-size:14px">In his briefing on the recently introduced Electricity (Amendment) Rules 2024, Singh highlighted that a total of Rs 16.93 lakh crore has been infused into the power and renewable energy sectors, as reported by ET.</span></p> <p><span style="font-size:14px">The detailed breakdown includes Rs 11.2 lakh crore directed towards generation, distribution, and transmission, with an additional Rs 5.73 lakh crore allocated to the renewable energy sector.</span></p> <p><span style="font-size:14px">Singh further emphasised the allocation of Rs 7.4 lakh crore for the power sector and Rs 9.65 lakh crore for the renewable energy sector.</span></p> <p><span style="font-size:14px">Singh also revealed that a power plant with 80 GW of thermal power generation capacity is currently under construction, anticipated to be operational by 2030.</span></p> <p><span style="font-size:14px">Simultaneously, approximately 99 GW of renewable energy is currently in the construction phase.</span></p> <p><span style="font-size:14px">Notably, he projected India's power generation capacity to surpass 800 GW, a substantial increase from the current 428 GW.</span></p> <p><span style="font-size:14px">India's ambitious plan includes bidding out 50 GW of renewable energy projects annually.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 36318 https://knnindia.co.in/news/newsdetails/sectors/union-minister-r-k-singh-announced-rs-1705-lakh-crore-investment-in-energy-sector 2024-01-17 14:41:15 knnindia.co.in