Budget 2020 for Renewable Energy Sector Highlights:

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  • Government has decided to reinforce the PM KUSUM program with two million off-grid and 1.5 million on-grid solar pumps.
  • The government also proposed that a large solar capacity would be developed along the railway tracks on lands owned by the Indian Railways.
  • Emphasis on using barren or fallow land for solar projects is also appreciated as at NSEFI.
  • The $3.08 billion stimulus to boost India’s renewable sector.
  • Focus to bring down the commercial losses in the distribution companies by mandating prepaid meters, coupled with the consumers having the ‘choice of suppliers’.
  • The government also intends to promote smart metering, and the finance minister urged all the states and union territories to replace conventional energy meters by prepaid smart meters in the next three years.

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