Union Power Minister R K Singh today said future bids for renewable projects would have at least 50 per cent manufacturing component for developers.
Addressing a business session with President of Seychelles Danny Faure, the new and renewable energy minister said the Centre would also make it obligatory for project developers to manufacture storage system.
"We are going to come out with bigger bids but our future bids will be tagged along with manufacturing. We will bid out capacity plus the commitment to manufacture up to 50 per cent of the capacity. That is manufacturing of solar cells," Singh said.
The minister further said, "We are also bringing storage. We are going to be one of the biggest markets of storage in the world. We will add storage to the bid gradually. There will also be an obligation to manufacture storage (system) up to a certain percentage. That is the growth trajectory we are targeting."
On clean energy in India, he said, "We will add 175 GW of renewable energy by 2022. We have already added around 70 GW of renewable energy that is solar and wind and around 40 GW is under implementation."
On lowering emission goals, he said, "We have pledged in 2015 that by 2030, 40 per cent of our installed capacity will come from renewables."
On India's household electrification programme, he said, "In the sphere of power and renewables, we are engaged in massive expansion programme. We are adding about 40 million electricity consumers. We have already added about 7.5 million consumers till date. We have added 100,000 km lines to transmission country."
He, however, said that the trade with Seychelles has not developed the way it should have been. "Our trade figures do not reflect the close relations what we have between the two countries."
Disclaimer: No Business Standard Journalist was involved in creation of this content