​Rooftop, large solar projects not long term solutions: Puri

India has many challenges. Here, Rs 14-15 is the cost of unit in residential rooftop, Ratul Puri, chairman, Hindustan Power Projects said.

NEW DELHI: Big-sized solar power projects and residential rooftop installations are not long term solutions for India as they would result in huge cost for supplying electricity, according to Ratul Puri, chairman, Hindustan Power Projects.

"Residential rooftop plants in any scale and size are wrong for India and I also believe that 1 GW (1,000 MW) solutions are wrong for India because there is a massive transmission cost involved," he told PTI.

He said that his views are shared by other private companies as well and have been conveyed to the government.

"We don't know whether it (view on rooftop and large size solar plants) has been appreciated or not, because once that juggernaut is moving it is not easy to slow that down," Puri said.

"Residential rooftop is the right solution for developed nations like Germany. In India they have many challenges, to start with the cost is double, Rs 14-15 is the cost of unit in residential rooftop, changing landscape around your house in the coming years, challenges in distributing power, metering etc." Puri added.

Ministry of new and renewable energy facilitates setting up grid connected solar rooftop as it has large potential area for generating solar power using unutilised space on rooftops.
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The ministry also facilitates development of solar parks and ultra mega solar power projects in the country.

As far as ultra mega solar power projects are concerned, evacuation of power from plants would require massive transmission cost.

"The right solution for India is the distributed model, 20-100 MW, that is the quantum of energy that will get consumed locally," he added.

Meanwhile, Puri added that his company Hindustan Power Projects, which has an installed capacity of 500 MW plans to add another 1,500 MW by end of 2016.
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ET Bureau

The Economic Times Global Business Summit turned out to be one of its kind of forum – full of unexpected delights and charms. From PM Narendra Modi setting a $20-trillion target for the economy, to his ministers painting a picture of how they will work to realise the dream, we take a look at the biggest takeaways from a forum that had the best of thought leaders and corporate minds debating on how to script an economic change...

In pic: Times Group MD Vineet Jain welcomes Prime Minister Narendra Modi, the man of the moment, with a shawl at the ET Global Economic Summit.

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ET Bureau

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"India is a $2-trillion economy today. Can we not dream of an India with a $20-trillion economy?" the prime minister asked in an address that detailed the Narendra Modi doctrine of development in a comprehensive manner, each element segueing into the next.

Driving the prime minister's vision is his desire for the uplift of all Indians, especially the poorest.

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Jain said the Modi government had hit the ground running, enacting major reforms, resisting the obstruction of the opposition.
Times Group MD Vineet Jain welcomed PM Narendra Modi and FM Arun Jaitley at the Summit, saying, "The pace at which the government is working has come as a breath of fresh air."

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The PM also made it clear that he doesn't see the ET Global Business Summit as just a meeting of great minds, but also a conclave that will generate ideas and help the government draw up an agenda for New Age India.

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Earlier in the evening, delivering the welcome address MoS Finance Jayant Sinha emphasised on the need to ensure an 'Innovative India'. "We all want to see India grow at 7-8%. We also have to have an innovation-driven economy, apart from being globally competitive," he said.

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Infosys co-founder NR Narayana Murthy stressed on need to create jobs in order to make India economically strong. "We have to ensure that tax collection goes up, and that the taxes are utilized properly," Murthy said.

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Andhra Pradesh CM N Chandrababu Naidu spoke of the challenges that India faces and expressed faith that the 21st century 'belongs to India'. "We have many challenges to overcome, be it in ease of doing business or HDI. I am confident that India will see reforms in all walks of life under PM Narendra Modi," Naidu said.

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Inviting investors to invest in his state, Naidu said, "Those interested in investing in our state are welcome. We can give 24*7 power."

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