Tanaz Nasil, owner of the Malaysian government, is
searching for an alternative to setting up a renewable energy platform in India.The
company supplies electricity to 31.7 million people in Malaysia.
It is said that the government-owned power utility
is going to acquire renewable energy assets in India.
India is running the world's largest green energy
program, which plans to achieve 175GW capacity by 2022.
Due to competitive solar bids and the wind power
sector of India that has been infected with the feed-in tariff regime, which
ensures a fixed price for wind power producers, for the tariff-based
competitive auction, funding at the lowest cost Has become important.
In April, Malaysian government-another owned company
Petroleum National Sheep or Petronas acquired one of India's largest rooftop
solar power producers, Emplus Energy Solutions Pvt. Ltd.. Ltd. Oil and gas company paid oil worth Rs 2,700
crore for the deal.
India is at fourth and fifth position globally in
established capabilities for wind and solar energy respectively. With the
market capitalization of around $ 18 billion, the interest of Malaysia's
biggest power utility comes at a time when India's emerging green economy
requires additional investment of $ 80 billion by 2022, which is $ 2023-30
Three times to 250 billion Economic Survey 2019.
India is running the world's largest renewable
energy program with its plan of 175 GW (GW) and up to 500 GW, under its climate
commitments, by 2030. 80GW has established renewable energy capacity in the
country.
In India, TNB is partnering with GMR Group in Energy
Business and GMR Energy Limited, holds 30% shares in it, believes that India's
energy sector has long-term opportunities for future growth.
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