New Energy Minister Discloses Aggressive Expansion Plan

India’s energy demand is set to double by 2019, according to Piyush Goyal, India’s minister for power, coal and renewable energy.

“It’s a huge investment opportunity of nearly $250 billion over the next four to five years, including$100 billion in renewables and $50 billion in transmission and distribution.  In recent remarks, Minister Goyal said that the Power Ministry would look to energy storage resources to provide electricity to rural India. “We will ensure that solar power generation will touch 100 GW by 2019. Pilot projects have been set up to ensure that every house in tribal and remote areas gets electricity, and we will use large-scale storage technologies to provide power.” Minister Goyal has also said that the country “will be a renewables superpower” – and it’s been proven that energy storage goes hand-in-hand with wind and solar.

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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