The energy sector of India is undergoing a transformative shift towards renewable undergoing a transforma energy, with a focus on solar power and energy storage. At the same time, financial inefficiencies in DISCOMS are being addressed through public-private partnerships for long-term sustainability. EPR interacted with Vipul Joisher at the recently held Distribution Utility Meet (DUM) 2014 in Lucknow, during which he expressed his views on the current scenario of the power sector. Let us discover more.
How can India address financial inefficiencies in DISCOMS while accelerating solar adoption for long-term energy security?
Previously, there was resistance, with some stakeholders in denial about the potential of solar energy, preferring to stick with traditional sources. However, the narrative is changing, and there is growing recognition that solar energy is here to stay. Many players in the sector are starting to embrace the need for infrastructure changes and are actively adopting solar technologies, reflecting a shift from resistance to acceptance. This transition is crucial for ensuring long-term sustainability and energy security.
This story is from the December 2024 edition of EPR Magazine (Electrical & Power Review).
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This story is from the December 2024 edition of EPR Magazine (Electrical & Power Review).
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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Shifting from resistance to adoption of RE
It is important to note that DISCOMS struggled financially even before the widespread adoption of solar energy. These challenges were familiar and were exacerbated by long-standing inefficiencies and financial mismanagement.
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