International consultancy firm KPMG in its latest report, releasing next , has said that technological breaklthrough and economics of scale will make solar power competitive in sex years and help India add 67,000 MW of solar generation capacity by 2022- more than thrice the country’s target. A senior official of MNRE added, “ The present trends indicate that the prospects are very bright for solar power to be equal to conventional electricity any time after 2017”.
The report also states that solar energy can contribute 7% of the total power needs of the country by 2022, that will translate to a cut of 30% in coal imports approx. 71 Million tons annually. This will result in a saving of $5.5 billion in imports per year from 2022 onwards.
Well “$5.5 Bbillion ?”, looks like our politicians have a new scheme coming up.
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