Karnataka Unveils $141.4 Million Renewable Energy Drive
POWER & RENEWABLE ENERGY

Karnataka Unveils $141.4 Million Renewable Energy Drive

In a bold move towards enhancing renewable energy utilization and infrastructure development, the Karnataka Government has unveiled a comprehensive plan worth ?11.74 billion (~$141.4 million) during Chief Minister Siddaramaiah's budget speech.

Under Component -B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), the government aims to deploy 40,000 off-grid solar pump sets, with a substantial increase in state subsidy from 30% to 50%, furthering the initiative to empower farmers and foster self-sufficiency in the agricultural sector.

Phase I of the agricultural pump set feeder solarization program will witness the generation of 1,320 MW of energy, benefiting 337,000 farmers. Meanwhile, Phase II proposes the solarization of 430,000 sets through 1,192 MW solar projects, emphasizing the state's commitment to sustainable energy practices.

Renewable energy currently constitutes 63% of the total energy generated in Karnataka, reflecting a significant stride towards a greener future.

The Chief Minister also announced plans to establish solar parks in strategic locations through public-private partnerships, akin to the successful Pavagada solar parks model. Furthermore, initiatives to set up captive or group captive solar parks within institutions and the implementation of floating and ground-mounted solar power programs in collaboration with THDCIL highlight the state's proactive approach to harnessing solar energy.

In a significant move towards promoting green hydrogen, a 300 kW capacity self-sustained project will be piloted by the Karnataka Renewable Energy Development (KREDL), with plans for a new green hydrogen policy underway.

To bolster infrastructure, the government proposes the establishment of 2,500 electric vehicle (EV) charging stations and investment in 100 EV charging centers, signaling a commitment to sustainable transportation.

The Gruha Jyothi Guarantee program, offering free electricity to domestic consumers up to 200 units, has witnessed widespread enrollment, benefiting millions of households. Additionally, plans to augment power generation capacity to 60,000 MW within seven years and upgrade substations through public-private partnerships demonstrate efforts to meet the rising energy demands of Bengaluru and surrounding areas.

Amidst challenges such as acute power shortages, the Karnataka Government remains vigilant, monitoring demand and availability to ensure uninterrupted power supply, showcasing a proactive approach towards addressing energy needs.

The ambitious initiatives underscore Karnataka's commitment to a sustainable, energy-efficient future, positioning the state as a frontrunner in renewable energy adoption and infrastructure development.

In a bold move towards enhancing renewable energy utilization and infrastructure development, the Karnataka Government has unveiled a comprehensive plan worth ?11.74 billion (~$141.4 million) during Chief Minister Siddaramaiah's budget speech. Under Component -B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), the government aims to deploy 40,000 off-grid solar pump sets, with a substantial increase in state subsidy from 30% to 50%, furthering the initiative to empower farmers and foster self-sufficiency in the agricultural sector. Phase I of the agricultural pump set feeder solarization program will witness the generation of 1,320 MW of energy, benefiting 337,000 farmers. Meanwhile, Phase II proposes the solarization of 430,000 sets through 1,192 MW solar projects, emphasizing the state's commitment to sustainable energy practices. Renewable energy currently constitutes 63% of the total energy generated in Karnataka, reflecting a significant stride towards a greener future. The Chief Minister also announced plans to establish solar parks in strategic locations through public-private partnerships, akin to the successful Pavagada solar parks model. Furthermore, initiatives to set up captive or group captive solar parks within institutions and the implementation of floating and ground-mounted solar power programs in collaboration with THDCIL highlight the state's proactive approach to harnessing solar energy. In a significant move towards promoting green hydrogen, a 300 kW capacity self-sustained project will be piloted by the Karnataka Renewable Energy Development (KREDL), with plans for a new green hydrogen policy underway. To bolster infrastructure, the government proposes the establishment of 2,500 electric vehicle (EV) charging stations and investment in 100 EV charging centers, signaling a commitment to sustainable transportation. The Gruha Jyothi Guarantee program, offering free electricity to domestic consumers up to 200 units, has witnessed widespread enrollment, benefiting millions of households. Additionally, plans to augment power generation capacity to 60,000 MW within seven years and upgrade substations through public-private partnerships demonstrate efforts to meet the rising energy demands of Bengaluru and surrounding areas. Amidst challenges such as acute power shortages, the Karnataka Government remains vigilant, monitoring demand and availability to ensure uninterrupted power supply, showcasing a proactive approach towards addressing energy needs. The ambitious initiatives underscore Karnataka's commitment to a sustainable, energy-efficient future, positioning the state as a frontrunner in renewable energy adoption and infrastructure development.

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