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.

Next Story
Infrastructure Energy

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Next Story
Infrastructure Urban

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Next Story
Infrastructure Energy

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?