Friday, January 7, 2011

A Very Strong and Positive First Step by the Government of India

Today's edition of The Hindu has this very positive piece about the Central Government requiring public electric utilities to use solar power beginning with 0.25% in 2013 and going up to 3% by 2022. I am confident that this would not only encourage new entrepreneurship by companies that sell power to the government through Power Purchase Agreements, it would also inspire businesses like software technology parks, malls, hotels and other large airconditioned offices and buildings to reduce their dependence on dirty power by using more solar power. The percentages mentioned may be small, but this is the kind of action that invariably has a positive snowball effect. When businesspeople in the power generation sector see what kind of money they could make from solar power, they will go out to do more to sell clean power to private clients as well.

Yes, my hat's off to the Government of India for this very positive step. Thank you, everyone involved in taking this decision. This bodes well for India and the world.

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