Solar power key to India's power infrastructure
KPMG, the global consultancy firm, has reported that India could meet up to seven percent of its power needs through solar power by 2022.
The report argues that the use of solar would help India save up to 30 percent of its current coal imports, saving over USD5 billion per year. "Solar power can help our country move closer to the targeted 20 to 25 per cent reduction in carbon emission intensity of GDP by 2020 by contributing as much as one-tenth of this target, besides playing an increasingly important role in securing India's energy future," said Arvind Mahajan, head of energy and natural resources at KPMG, according to New Net.
Projects to decentralize power generation and extend their reach to the rural community are already under development.