Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do. There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Now as I approach my 90th birthday ( 27 June 2023 ) , I invite you to visit my Digital Avatar ( www.hemenparekh.ai ) – and continue chatting with me , even when I am no more here physically

Thursday, February 1, 2024

R K Singhji : Saluting a Revolutionary Reformer

 What for ?


For agreeing to implement my suggestion

What was your suggestion ?

( Refer > Suryodaya Yojana.. 28 Jan 2024 /  Correction : Suryodaya Yojana… 01 Feb 2024 )
https://lnkd.in/dgQr5SEf
https://lnkd.in/dR6Aamka

What makes you think that Govt has accepted your suggestion ?

Following news report appearing in today’s Business Line :

PM Suryoday Yojana: Low-income households to get free rooftop solar systems and power

Extract

The government will bear the entire cost of installing solar rooftop systems as part of the Suryodaya Yojana, which will offer up to 300 kilowatts of power monthly to one crore low income households.

A low income household is being identified as one whose monthly electricity consumption is below or up to 300 kilowatts or unit.

Power and New & Renewable Energy Minister R K Singh in a media interaction on Friday said Centre will bear the entire cost of installing rooftop solar (RTS) systems.

“We are presently working on the scheme. This 300 units is consumed by largely lower middle class. For them, taking a loan is a problem. We intend to increase the subsidy on RTS. Right now subsidy (under roof top solar programme) is 40 per cent. For this scheme we want to increase it probably to about 60 per cent.

The remaining 40 per cent will be a loan, but it will be taken by Power sector CPSE. For special category states the subsidy will be 70 per cent,” Singh added.



Elaborating on the process, the Minister said that the government envisages that central public sector enterprises (CPSEs) will set up special purpose vehicles (SPVs), which will take loans and set up the RTS units.

“The householder does not have to go anywhere. The excess units that are generated will be used to pay for the loan. We calculate that the loan will be paid in 10 odd years,” he added.

The poor households normally consume about 120-130 units. The government is targeting households whose electricity consumption is below 300 kilowatts per month, which typically includes poor and lower middle class, Singh emphasized.

Elaborating on the cost dynamics, the Minister said that cost of installing one kilowatt (KW) of solar RTS is roughly around ₹50,000. One KW will typically give 120 units per month.

“Householder has to do nothing and will get the benefit of free 300 units per month.

After 10 years, the benefit of excess units will also go to the householder. The SPV will repay the loan and CPSU will exit by handing over the system to the householder,” Singh said.

At present, the CPSEs are in the process of reaching out to such households and carrying out surveys for available rooftop space.

When asked about the total beneficiary families that can be included in the scheme, Singh said “ One crore is an indicative target. It may go up, most likely.”

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