India to soon have a National Energy Policy: President
India’s President Pranab Mukherjee has revealed the country’s flagship national solar programme is to be expanded. Mukherjee said focus on energy development would be a priority and that a National Energy Policy would be revealed soon. Announcements on India’s energy policy are eagerly awaited following the recent elections.
Mukherjee said the National Energy Policy is to detail developments on energy infrastructure and expanding energy access, with a mix of new and renewable sources and fossil fuels. As part of this he said the Jawaharlal Nehru National Solar Mission (JNNSM) would be expanded. Also new nuclear power is to be developed and there are to be coal sector reforms to increase private sector investment.
In its ‘vision document’ the BJP plans to eradicate shortages of electricity, by giving every home at least one light bulb’s worth of electrification, by harnessing solar power. The JNNSM is currently in its second stage and aims for 20GW of solar to be installed by 2022. India currently has 2.5GW of installed capacity.
However, just before Modi’s election win, anti-dumping measures were put in place on solar products imported into India. One of India’s largest solar project developers, Welspun, said the antidumping measures go against the newly elected prime minister’s manifesto, while consultancy company Bridge to India warned the measures would set India’s solar market back by two years.