NEW YORK CITY (TIP): Mr. Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy visited New York to participate in a High Level Side Event in the United Nations Headquarters on the International Solar Alliance (ISA). The Minister was accompanied by an official delegation which included Secretary, Ministry of New and Renewable Energy, Joint Secretary, Ministry of New and Renewable Energy, and six members of his delegation
During the Minister’s visit to New York, he met with the local media atthe Consulate where he briefed about various steps undertaken by Indian Government to improve energy access, rapid scale up of renewable energy, enhancing grid reliability, integration of renewable in the grid and the massive opportunity presented by the untapped demand in the Indian market. He outlined the steps being taken to improve the contractual/counter-party risk framework which is critical to all investors and about initiatives such as Greening the Grid; National Solar Mission: LED Program for enhancing energy efficiency. Speaking on Ujwal Discom Assurance Yojna (UDAY), the Minister stressed upon the steps being taken to bring a drastic change in India’s power sectorand can take India to 7-8%growth in economy. He also mentioned that India will have surplus supply of coal by 2022 and this will help in electrification of Rural Areas.
During the course of his visit, the Minister will also be meeting with major energy sector investors to showcase business opportunities in India.