Electrification of India
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Govt is planning to electrify India, the govt wants to give push for e-vehicle policy and therefore it needs heavy investment in power sector, but it faces to hurdles, people larger dependence on state govt company for supply of electricity. Think one day 10% of India is relying on electronic vehicles, even domestic consumption of power sector other than e vehicle is increasing substantially, furthermore nationwide govt has increasing infra spending which also requires power for surveillance and many more purposes so in days to come there will be abandon power requirement and normal fossil fuel costs more to government in terms of environment deterioration and also spending on Import Bills.
Now because of this, Govt has enabled subsidy upto 60% for solar enabled electricity by society or house holds because of 2 reasons as if government makes such Investments Government is facing problem of space for installation of solar power pannels and also its continuance maintainance which increases govt to look after larger government cost in terms of salary and control issues and hence government wants to transfer their burden to public but public at large is still not attracted for Investment in solar panel due to the reason of upfront funding and societies free space taken away. Now in such situations, if only private player providing fundingtakes up the matter in their hands, Complete full transaction start billing to directly society or start billing to Electricity Board who will in turn charge to customer, in this way only govt plans to execute problem of solving issue of solar electricity installation can be solved, unless this is done government can not think of increasing power supply by way of introduction of e vehicle power supply station and other purpose power supply can be done.
In Long Term, though Stocks like REC can perform and may give 10 fold returns but it is yet to see how private player can be incorporated in the whole scheme to make them salesman for selling solar panels installation plans and making it workable for normal Public.
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So According to you government is going in wrong direction by pushing solar based electricity push in budget
But then who will communicate to centre there plan is nothing but failure and they should rather go for nuclear energy.
Nuclear energy is not so good lol the nuclear waste is worst xD no one talks about it lol
So better is wind and solar
Sadly wind and solar both are costly on short term but worth while for long term
Coal is cheap for short term costing climate change and pollution destroying longer term so its too coslty lol
So its worth to invest in short term costly solar and wind rather than cheap short term coal:)
But the problem is the solar scheme of government is flawed.
If they really want to move towards to green energy and decrease dependence of import, they should buy the rooftop solar power from individual residence at same cost as they charge or atleast 75% of the cost. But instead they charge ₹9 for consumers but buy at ₹2-3 from rooftop consumer (net metering).
Atleast they should do it for 5 years, so the cost of the investment is covered by the owner.
Nuclear power costs more than ₹4-5(don't remember date when I read it), hard to get fuel(begging the nuclear group of fuel) and huge investment, rampup time is huge.
Solar requires battery and inverter setup... does govt provides that also on subsidy?
But though solar is clean it sources are limited so future would be wind and hydro power so water cleaning and energy generation joint venture may bring to big results like nhpc and va tech wabag ltd.
Main que is: do we have enough sustainable power as we still use coal to generate electricity..more demand of electricity..more coal import and it's use..more pollution...base is not correct ..we need to fix this issue by introducing more nuclear power stations,water based power stations,solar is a good investment but it's costly and everyone knows individual middle or lower class can't afford it...