New Delhi: "India has already retired 16369 MW of inefficient thermal units till March 2021," Union Minister of Power and Renewable Energy RK Singh said during a meeting with COP 26 president Rt Hon Alok Sharma here in the national capital on Tuesday. During the meeting, the COP26 president had raised the topic of phasing out coal-fired power plants. "India is the only G20 country whose actions are in accordance with the NDCs set by them under the Paris Agreement," said the Minister.
Requesting India’s support for organizing a successful COP26 Rt Hon Alok Sharma expressed the willingness of the UK side for collaborating with India on Green Hydrogen. In response, Singh invited the UK to participate in the upcoming bids for Green Hydrogen and lithium-ion. The Power Minister also expressed India’s interest in collaborating with the UK on offshore wind.
Singh stressed the need for the developed and developing countries to work together for bringing down the cost of storage. He informed the delegation that India is the only G20 country whose actions are in accordance with the NDCs set by them under the Paris Agreement.
During the meeting, discussions were held on the need of increasing storage capacity in view of India’s ambitious target of having 450 GW of installed Renewable Capacity by 2030.
Secretary (Power), Secretary (MNRE) and High Commissioner of UK in India were also present in the meeting.
(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.)