National
Clean energy industry body favours more access to debt (Lead)
New Delhi, Oct 5 (IANS) India’s industry body Clean Energy Access Network (CLEAN) on Thursday laid emphasis on building a modern energy system through increased public-private partnership and long-term, affordable and accessible debt finance.
In its first annual report “State of the Sector” released here, it sought increased public partnership to scale decentralised renewable energy solutions and to identify access to finance needs for the sector and mechanisms to address them while highlighting the significant progress and innovation made by it.
India’s private sector decentralised renewable energy market leaders deployed 206 small energy grids, more than 92,000 solar home systems, more than 120,000 clean cookstoves for household use and 980 for institutional use, 1,300 solar water pumps and 3.6 million solar lanterns, said the report which did an analysis of the market in the last fiscal.
Beyond household electricity needs, 144 productive use projects such as agricultural processing, small-scale manufacturing and cold storage have been powered by decentralised renewable energy, said the report.
Based on partial data, the total financial needs of the sector over the next three years will triple to Rs 3.8 billion ($59 million).
According to the report, lack of long-term, affordable debt finance remains a key barrier, requiring greater knowledge-sharing between the companies and commercial lenders.
Key sector stakeholders stressed the need to build partnerships with India’s energy distribution companies or discoms to complement grid availability through decentralised renewable energy and provide greater confidence to the investors.
The innovation and entrepreneurship of the decentralized renewable energy sector in India are a critical part in building the digitised, decentralised and democratised energy system of the 21st century that India envisions, said the report’s author Surabhi Rajagopal.
Private sector delivery of distributed energy access, given adequate public partnership, can help India achieve quality and access to reliable energy faster, while ensuring rural economic development, energy security and climate resilience.
CLEAN’s Chief Operating Officer Harihara Mohapatra said: “India has the ability to not only scale decentralised solutions for itself, but for the global community as it seeks to achieve Sustainable Development Goal 7 (SDG7).”
CLEAN represents 104 organisations including small and medium-sized enterprises.
–IANS
vg/vd
Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
Foodman Vishal Singh Honored for Hunger Free World Mission in Bangkok
Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma
Cheers and Cheers: Barzilla’s Joyful Ode to Inclusivity and Celebration
Casino Days Reveal Internal Data on Most Popular Smartphones
Meghalaya Reserves Legalized Gambling and Sports Betting for Tourists
IPL 20202 UPDATE: KXIP vs MI IPL Dream11 Team Prediction for Today Match, Update Point Table of all Team.
In a Live debate AAP leader Syed Asad Abbas hurls abuses to BJP spokesperson Nupur Sharma.
‘India’s Most Wanted’ trailer out Arjun Kapoor on hunt of Osama-Bin-Laden
Time to move on: Sonakshi on Shatrughan’s joining Congress
