World Bank keen to aid solar mission

Written by Noor Mohammad | Noor Mohammad | New Delhi | Updated: Jan 8 2010, 02:35am hrs
The World Bank is keen to become part of Indias National Solar Mission and has offered end-to-end solutionsfrom conceptualisation to fundingfor the implementation of the ambitious power generation capacity addition envisaged by the government under the programme. The multilateral bank is currently holding discussions with the ministry of new and renewable energy, the nodal agency for the implementation of the solar mission, says a senior executive of the Bank.

The World Bank has proposed that India sets up a knowledge platform to create awareness about the benefits of solar energy by disseminating information about latest developments in the developed world. The purpose is to get a critical mass of people to understand what is happening in the US and Europe, Salman Zaheer, World Banks sector manager for its South Asia energy programme told reporters here. He was making a presentation on Supporting Low Carbon Energy Growth in India: Role of the World Bank.

India has envisaged adding 20 gigawatt (gw) of power generation capacity by 2022 under the solar mission, part of Indias National Action Plan on Climate Change. It is expected to buttress Indias long-term energy security while helping to control the expanding carbon footprint of the countrys power sector.

India meets the bulk of its electricity from thermal power generation because of the easy availability of the coal from domestic sources. However, encouraged by huge gas discoveries in the Krishna-Godavari (K-G) basin in recent years, India expects to raise share of gas-based power generation capacity in its energy mix.