The turnaround can be attributed to investor friendly policy, akin to the one that the Government of India took in 1991 with the New Economic Policy. The several steps that Telangana took includes: speedy clearance aided by a single window, 100 per cent refund on VAT and GST, refund on stamp duty, exemption from Land Ceiling Act, exemption from electricity wheeling charges and not running around to get approval from the State Pollution Control Board.
The most visible area of the state’s renewable energy push has been in public transport system. The Telangana State Road Transport Corporation (TSRTC) for instance teamed up with TSREDCO to install solar rooftop systems on the bus stations, bus depots and workshops. In all, 97 bus depots and 364 bus stations have been covered and the savings are over Rs 2 crore per annum. What is more! It resulted in reduction in carbon emissions by 7,300 tonnes a year.
- To install 100 GW green energy by 2030
- Priority would be to deliver the fully integrated, end-to-end solar PV manufacturing ecosystem
- The solar giga factory at Jamnagar, consists of PV modules, cells, wafers, ingots, polysilicon and glass, all of which will be manufactured at a single location
IndiGlobal Bureau
Reliance Industries CMD Mukesh Ambani while addressing the 46th AGM made it clear that the priority would be on green energy initiatives and RIL would become the leader in this space by ramping up capabilities through adoption of new technologies and global collaborations.
He stated that Reliance Industries is accelerating its green energy initiatives to realise its ambition to lead India as a world leader in energy transition. The aim is to install at least 100 GW of renewable energy generation by 2030. “We remain focused on fast track execution of our Dhirubhai Ambani Green Energy Giga Manufacturing Complex at Jamnagar.”
Ambani said the company will invest in its own production capabilities and new technologies and also collaborate with global technology and product companies. All its initiatives will aid in “providing a near perennial growth platform in India and overseas for our materials and energy business.” He added that the priority would be to deliver the fully integrated, endtoend solar PV manufacturing ecosystem, which is expec ted to be completed by the end of 2025.
It may be noted that during the pandemic times, Mr Ambani announced an investment of ₹75,000 crore in a new energy ecosystem.
At the AGM on Monday, Ambani said the company was progressing well to deploy the committed capital. This is primarily invested in gigascale energy production systems and largescale green hydrogen for green chemicals and mobility.
The solar giga factory at Jamnagar, consists of PV modules, cells, wafers, ingots, polysilicon and glass, all of which will be manufactured at a single location. “This will be one of the largest, most technologically advanced, flexible, and most cost competitive Solar giga factory globally and will be converting sand into solar PV modules,”
Ambani said. As part of its renewable energy initiatives, the company will also be pursuing wind energy generation. “Towards this, we have made significant progress in developing a manufacturing ecosystem critical to achieving cost efficient wind power generation at giga scale,” he said. Another priority for the company is setting up a battery giga factory by 2026. It will manufacture battery chemicals, cells, and packs, leading all the way up to containerised energy storage solutions, and will include a battery recycling facility. Integration of energy storage with the wind power and solar generation will be done at Jamnagar in the next few quarters. In the company’s traditional oil and gas business, it the company would enhance its gas production in of gas from the MJ Field to 30 million standard cubic metres a day.