Govt launches initiative to leverage emerging technologies in power sector 
News Updates

Govt launches initiative to leverage emerging technologies in power sector

The government has launched a 'Mission on Advanced and High-Impact Research (MAHIR)' with a view to leveraging emerging technologies in the power sector

PTI

New Delhi: The government has launched a 'Mission on Advanced and High-Impact Research (MAHIR)' with a view to leveraging emerging technologies in the power sector and making the country a manufacturing hub. The 'Mission on Advanced and High-Impact Research (MAHIR)' aims to facilitate indigenous research, development, and demonstration of the latest and emerging technologies in the power sector, a power ministry statement said.

By identifying emerging technologies and taking them to the implementation stage, the mission seeks to leverage them as the main fuel for future economic growth and thus make India a manufacturing hub of the world, it stated.

Power & MNRE Ministry have jointly launched mission to quickly identify emerging technologies

The Ministry of Power and the Ministry of New and Renewable Energy have jointly launched a national mission to quickly identify emerging technologies in the power sector and develop them indigenously, at scale, for deployment within and outside India. An office memorandum to this effect has been issued today, it stated.

The mission will follow technology life cycle approach of idea to product

The mission will be funded by pooling financial resources of the Ministry of Power, Ministry of New and Renewable Energy, and the Central Public Sector Enterprises under the two ministries. Any additional funding needed will be mobilised from the government of India's budgetary resources. Planned for an initial period of five years from 2023-24 to 2027-28, the mission will follow the technology life cycle approach of idea to product.

Mission will serve as a catalyst for national priorities: Singh

Union power and new and renewable energy minister R K Singh said in the statement that the mission will serve as a catalyst for national priorities such as achieving net zero emissions and promoting initiatives like 'make in India' and 'Startup India'. He said that it will also contribute towards achieving the United Nations' Sustainable Development Goals (SDGs).

'India is going to grow by more than 7% in the coming years'

The minister added, "In last nine years, the Indian power sector has transformed into a vibrant and financially viable sector. Given that India is going to grow by more than 7 percent in the coming years, the electricity demand is going to increase by close to 10 percent. In addition, India is aiming for an energy transition following the prime minister's vision of LiFE. This requires not only massive investment but also a transformational approach driven by research & innovation."

MAHIR will work towards industry-academia-government collaboration

Power secretary Alok Kumar said that MAHIR will work towards industry-academia -government collaboration to create an ecosystem for innovation and translation of research in the power sector. MAHIR will work with premier institutions such as IITs, IIMs, NITs, IISERs, and universities on the one hand and public and private power sector startups and established industries with the government acting as an enabler for creating an innovation ecosystem, the power secretary added.

Mission shall also fund pilot projects of technologies

The mission shall also fund pilot projects of technologies developed by Indian startups and facilitate their commercialisation through central public sector enterprises under both the ministries. The startups will have to share the patent with the government of India/Central Power Research Institute.

The mission will also facilitate international collaboration for the smooth exchange of know-how and technology transfer. Besides, it will seek collaboration with the best laboratories in the world for the joint development of technologies.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

IIFCL in talks with ADB, Korean Exim Bank to raise $600 million

Govt notifies telecom cyber security rules; sets timelines for telcos to report security incidents

Govt invites job applications for PNGRB's Member post

Power Minister visits NHPC’s Nimoo Bazgo Power Station in Ladakh

Delegates from 18 countries attend RBI's policy conference of Global South central banks