India has committed to ambitious targets before the world in the context of renewable energy. Many felt that India was punching far above its weight. Solar projects set up in India have been largely on account of the creditable efforts of Central Public Sector Undertakings (CPSUs) — Solar Energy Corporation of India (SECI) and NTPC. In setting up solar projects, the role of states has been largely limited to arranging the land. The same structure was conceptualized for a 750 MW solar project planned in Rewa in eastern Madhya Pradesh. Rewa Ultra Mega Solar Ltd (RUMSL) was set up as a 50:50 joint venture of SECI and MP government organizations with a rather limited mandate.
The prevailing solar tariffs at that time were over Rs 5/ unit. The Central Government used to offer Viability Gap Funding (VGF) so that distribution company (DISCOMs) could procure solar power at Rs 5/unit. Bidding used to be on VGF and the developer seeking the minimum VGF was awarded the project.
It is in this setting that Manu Srivastava, 1991 batch IAS officer, stepped in as Principal Secretary of Renewable Energy Department in GOMP. Part of his responsibility was to form and head RUMSL. As an electrical engineer from IIT-Delhi, Manu had spent the last eight years in the energy sector — five in natural gas and three in electricity.
This story is from the September 02, 2021 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 02, 2021 edition of Millennium Post Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
US Open: A Taylor-made win for Fritz
When Taylor Fritz, a 26-year-old from California, and Frances Tiafoe, a 26-year-old from Maryland, strode under the Arthur Ashe Stadium lights Friday night for the first US Open semifinal matching two American men in 19 years, the crowd might have been forgiven for not knowing which to support.
Paralympics: Silver lining for javelin thrower Navdeep
India's Navdeep Singh claimed the silver medal with a personal best effort of 47.32 metres in a dramatic men's javelin throw F41 final at the Paris Paralympics on Saturday.
Club thrower Pranav and his father are unbreakable pair
Club throw silver medallist at the Paris Paralympics Pranav Soorma and his father Sanjeev have quite a few things in common, the most striking being their looks - well-groomed beards complimented by their ponytail hairstyles.
Can India stick to glory?
The Asian Champions Trophy last year gave us the right momentum going into the Asian Games and followed it up with the Olympic Games triumph of standing on the podium yet again. 99 Harmanpreet Singh, India captain
Typhoon Yagi makes landfall in northern Vietnam, kills 4
Typhoon Yagi made landfall Saturday afternoon in northern Vietnam where authorities shuttered airports and evacuated the most vulnerable.
Heads of CIA and MI6 issue joint call for cease-fire in Gaza
The heads of the American and British foreign intelligence agencies said Saturday they are \"working ceaselessly\" for a cease-fire in Gaza, using a rare joint public statement to press for peace.
Kargil war: Pakistan Army Chief acknowledges role of Pak army
Munir, the Chief of Army Staff (COAS) was speaking during the Defence & Martyrs Day event at Rawalpindi
Israeli strikes kill over dozen in Gaza amid polio vaccine drive
Vaccination drive was launched after health officials confirmed 1st polio case in Palestinian enclave in 25 years, in a 10-month-old boy
Study: Healthcare workers at higher risk of Tuberculosis than general population
Underlining critical occupation risks in the health sector, a new study has found that cases of tuberculosis are a lot more prevalent among healthcare workers in India in comparison to the general population.
No NRC application receipt number, no Aadhaar: Himanta
All new applicants for Aadhaar cards in Assam need to submit their NRC application receipt number (ARN), Chief Minister Himanta Biswa Sarma said on Saturday.
