Modi said the coronavirus pandemic had resulted in global energy demand falling by one-third, investment decisions being impacted and predictions of a contraction in demand over the next few years.
The energy generated will be used for water purification in tribal areas, and desalination, among other purposes, he added.
According to CEO and co-founder of the company, Tarun Mehta, the buyback program is the first of its kind in the country’s EV segment and is aimed at accelerating EV adoption in India.
Officials from the Ministry of New and Renewable Energy said they would be making an assessment of renewable energy potential of countries in the region.
Nitin Raut said the power breakdown in the metropolis and neighbouring Thane and Navi Mumbai on Monday was not a small issue.
The company has already set up 37 fast-charging stations in Bengaluru and 13 in Chennai and plans to install 6,500 charging points across the country by 2022
The company said the installations of the grid points will begin before the deliveries of its flagship 125 CC Ather 450X scooter from next month.
The officials have also explained the need for being energy efficient to Minister for Energy Balineni Srinivasa Reddy.
The poisonous air pollutant increases the risk of health conditions like stroke, heart diseases, asthma, lung cancer and premature death.
The global trend is that oil companies are slowly moving into renewables.
The government recently issued an order allocating 1,454 acres of APIIC land to the AP Green Energy Corporation Limited (APGECL) for the establishment of solar power plant.
Reddy has written a letter to APTRANSCO recently requesting that the studies be taken up to take forward the proposed projects.
The portfolio is relatively young with an average remaining power purchase agreement life of nearly 21 years.
Inclusion of the projects under the scheme will enable the developers to avail about 30 per cent subsidy per MW.
It’s only when one is absolutely healthy that one is able to enjoy the finer things in life and truly be happy and at ease.