financetom
Economy
financetom
/
Economy
/
India most attractive global market for clean energy: PM Modi
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
India most attractive global market for clean energy: PM Modi
Jul 10, 2020 3:17 AM

India has emerged as the most attractive global market for clean energy, Prime Minister Narendra Modi said on Friday. Launching a 750 MW solar project in Rewa in Madhya Pradesh through video-conferencing, Modi also said the state will emerge as a major hub for clean and cheap power in the country.

"Solar energy is sure, pure and secure and the country is now among the top five solar power producers in the world," he said. The Rewa solar power plant will not only supply power to Madhya Pradesh, but also to the Delhi Metro, Modi said.

Modi said self-reliance in electricity is integral for 'Aatmanirbhar Bharat', adding solar energy will play an integral part in achieving this objective. The world is in a dilemma on whether to focus on the environment or focus on the economy, Modi said.

He said solar energy is sure, pure, and secure. "It is sure because the sun would shine throughout the world; it is secure because solar energy rather than polluting environment, helps replenish it," he said.

"Today, Rewa has scripted history. Rewa is identified with the name of mother Narmada and the white tiger. Now, the name of Asias largest solar power project has also been added to it," he said.

Modi congratulated the people of Rewa and also Madhya Pradesh, adding the solar plant will help make the area a big centre of energy in this decade.

Madhya Pradesh Governor Anandiben Patel, Chief Minister Shivraj Singh Chouhan and Union ministers R K Singh and Dharmendra Pradhan attended the solar plant inauguration virtually.

Also Read

: 'Landmark achievement': BHEL installs 1.7 MW solar power plant in 4.5 months for Railways

The Rewa project comprises three solar generating units of 250 MW each located on a 500 hectare plot of land situated inside a Solar Park (total area 1500 hectare).

The Solar Park was developed by the Rewa Ultra Mega Solar Limited (RUMSL), a joint venture company of Madhya Pradesh Urja Vikas Nigam Limited (MPUVN), and Solar Energy Corporation of India (SECI), a Central Public Sector Undertaking.

First Published:Jul 10, 2020 12:17 PM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Fed's Goolsbee: This is what the path to 2% inflation looks like
Fed's Goolsbee: This is what the path to 2% inflation looks like
Jul 11, 2024
CHICAGO (Reuters) - Chicago Federal Reserve Bank President Austan Goolsbee said on Thursday the U.S. economy looks like it is back on track to 2% inflation after a bump up earlier this year, a view that suggests he is gaining confidence that the time will soon be ripe to cut interest rates. My view is, this is what the path...
Could June Producer Inflation Data Dampen Market Enthusiasm For Rate-Cut Winners? 5 ETFs To Watch Friday
Could June Producer Inflation Data Dampen Market Enthusiasm For Rate-Cut Winners? 5 ETFs To Watch Friday
Jul 11, 2024
The larger-than-expected drop in the June Consumer Price Index inflation rate has fueled market expectations for interest rate cuts by the Federal Reserve. Investors no longer seem to have doubts and are assigning a 91% implied probability that rate cuts will begin as early as September 2024. The upcoming Producer Price Index (PPI) inflation report, scheduled for release on Friday...
US producer prices rise moderately in June
US producer prices rise moderately in June
Jul 12, 2024
WASHINGTON (Reuters) - U.S. producer prices increased moderately in June, further confirmation that inflation had resumed its downward trend and strengthening the case for a September interest rate cut. The producer price index for final demand rose 0.2% last month after being unchanged in May, the Labor Department's Bureau of Labor Statistics said on Friday. Economists polled by Reuters had...
China's exports rise, but falling imports dampen June trade data
China's exports rise, but falling imports dampen June trade data
Jul 11, 2024
BEIJING (Reuters) - China's exports rose 8.6% in June from a year earlier, and imports unexpectedly shrank 2.3%, customs data showed on Friday, suggesting manufacturers are front-loading orders in anticipation of tariffs from a growing number of trade partners. A Reuters poll of economists had forecast exports would grow 8.0% by value and imports would rise 2.8%, compared with 7.6%...
Copyright 2023-2025 - www.financetom.com All Rights Reserved