Reacing 500GW clean energy goal easy for power ministry in Modi 3.0
POWER & RENEWABLE ENERGY

Reacing 500GW clean energy goal easy for power ministry in Modi 3.0

As Prime Minister Narendra Modi begins his third term, the Power Ministry, led by Manohar Lal Khattar, faces significant challenges to meet India's ambitious energy goals by 2030. The primary focus will be on expanding renewable energy capacity and integrating advanced technologies to stabilise the grid.

Anujesh Dwivedi, Partner, Deloitte India, outlined several critical steps to achieve the 500 GW renewable energy capacity target. "Achieving the goal of 500 GW RE capacity by 2030 will necessitate additional measures beyond current interventions," Dwivedi noted. He emphasised the need for corporate RE procurement through green open access, support for RE manufacturing, and dedicated programs for new solar applications. The implementation of Distributed RE Obligation (DREO) and easier access to green finance were also highlighted as essential measures.

Dwivedi also stressed the importance of investments in power distribution networks to manage the rising frequency of extreme weather events and prevent downstream distribution network overloading. Grid automation will be crucial for effectively integrating large-scale distributed renewable energy and electric vehicles. Additionally, he mentioned plans to add 80,000 MW of new coal-based thermal power plants by 2031-32.

On the service front, Dwivedi suggested transforming the customer service orientation of State DISCOMs, proposing a model similar to Passport Seva Kendras to enhance customer interactions.

Akshay Hiranandani, CEO, Serentica Renewables, praised the previous term's efforts in advancing green energy initiatives and transmission development. "I extend my congratulations to the Ministry for their commendable efforts over the past five years," said Hiranandani. He anticipates continued policy support to ensure a comprehensive turnaround of discoms and extend the ISTS waiver to sustain renewable energy adoption.

A Power Ministry official commented on the strategic focus for the upcoming term, stating, "The next phase is about consolidating our gains in the renewable sector and ensuring our grid is robust enough to handle this transition. We are looking at enhancing our interconnectors with neighbouring nations and investing in energy storage solutions."

With a combination of new and on-going projects, including the integration of innovative technologies like Small Modular Nuclear Reactors (SMRs), the ministry aims to diversify India's energy mix and prepare for large-scale renewable energy integration. (Source: ET Energy)

As Prime Minister Narendra Modi begins his third term, the Power Ministry, led by Manohar Lal Khattar, faces significant challenges to meet India's ambitious energy goals by 2030. The primary focus will be on expanding renewable energy capacity and integrating advanced technologies to stabilise the grid. Anujesh Dwivedi, Partner, Deloitte India, outlined several critical steps to achieve the 500 GW renewable energy capacity target. Achieving the goal of 500 GW RE capacity by 2030 will necessitate additional measures beyond current interventions, Dwivedi noted. He emphasised the need for corporate RE procurement through green open access, support for RE manufacturing, and dedicated programs for new solar applications. The implementation of Distributed RE Obligation (DREO) and easier access to green finance were also highlighted as essential measures. Dwivedi also stressed the importance of investments in power distribution networks to manage the rising frequency of extreme weather events and prevent downstream distribution network overloading. Grid automation will be crucial for effectively integrating large-scale distributed renewable energy and electric vehicles. Additionally, he mentioned plans to add 80,000 MW of new coal-based thermal power plants by 2031-32. On the service front, Dwivedi suggested transforming the customer service orientation of State DISCOMs, proposing a model similar to Passport Seva Kendras to enhance customer interactions. Akshay Hiranandani, CEO, Serentica Renewables, praised the previous term's efforts in advancing green energy initiatives and transmission development. I extend my congratulations to the Ministry for their commendable efforts over the past five years, said Hiranandani. He anticipates continued policy support to ensure a comprehensive turnaround of discoms and extend the ISTS waiver to sustain renewable energy adoption. A Power Ministry official commented on the strategic focus for the upcoming term, stating, The next phase is about consolidating our gains in the renewable sector and ensuring our grid is robust enough to handle this transition. We are looking at enhancing our interconnectors with neighbouring nations and investing in energy storage solutions. With a combination of new and on-going projects, including the integration of innovative technologies like Small Modular Nuclear Reactors (SMRs), the ministry aims to diversify India's energy mix and prepare for large-scale renewable energy integration. (Source: ET Energy)

Next Story
Infrastructure Urban

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Next Story
Infrastructure Urban

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Next Story
Infrastructure Transport

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement