Indian government will protect and encourage
investments in renewable energy sector, said Piyush Goyal, Minister for Power,
Coal and New and Renewable Energy.
Addressing the global investor meet for renewable
energy, Re-Invest 2015, he assured investors that though it is pro-poor, the government
understands the problems of investors and will act as a facilitator.
“For a new investment destination, the pre-requisite
is an atmosphere which provides investors with an ease of doing business,
consistency in policies and bankable contracts,” the Minister said.
The Government has received investment commitments
of around $200 billion from 213 companies for setting up 266 GW of power in the
next five years.
Goyal said that even if 50 per cent of the
commitments are fructified, the Government will meet its target. “I am quite
sure that the initial target we had for $100-billion investments in the sector
will certainly be exceeded,” he added.
Micheal Bloomberg, UN Secretary General’s Special
Envoy for Cities and Climate Change urged investors to continue developing and
investing in clean energy.
“Prime Minister Modi is showing that confronting
climate change goes hand-in-hand with smart economic growth,” Michael
Bloomberg. “From my experience, he is absolutely correct to make cities a
central focus of his work. The more India invests in sustainable cities, the
stronger its economy will grow,” he added.
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