India Will Have 330 GW of RE Capacity by 2030: CEO, NITI Aayog

NITI Aayog CEO Amitabh Kant has alleged that India will have 175 gigawatt (GW) of renewable energy generation capacity by 2022 and 330 GW by 2030 as long as power discoms become commercially-viable entities.

"In most of the solar which is bid out, buyers are discoms and hence it is important that the discoms are commercially strong. Payments must be made on time and the contractual agreements must be fulfilled in a systematic manner which remains a huge task for the administration and the political system," Kant said.

He also further that there is a requisite for transformational reforms in the power sector comprising privatization, proper utilization of renewables and consolidation of grid management and transmission system.

Kant also believed that the government's strategy is to focus on two-wheelers and three-wheelers for electrification and it has taken a successions of measures such as waiver of registration fees and tax concessions for electric vehicles.