logo
Powering farms: Scaling up PM-KUSUM is smart climate and energy strategy

Powering farms: Scaling up PM-KUSUM is smart climate and energy strategy

With about ₹34,000 crore earmarked, the scheme envisages the setting up of 1.4 million standalone solar agricultural pumps and the solarisation of 3.5 million grid-connected agriculture pumps
Business Standard Editorial Comment Mumbai
Listen to This Article
India's agricultural sector consumes nearly a fifth of its electricity and a hefty portion of diesel for irrigation. By replacing diesel pumps with solar-powered ones and solarising grid-connected pumps, the PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme is playing a crucial role in reducing emission, lowering subsidies, and protecting farmers from volatile input costs. Phase 1 of the scheme, running through 2025-26, aims to achieve an additional 34.8 gigawatt (Gw) of solar power for irrigation through standalone solar pumps, grid-connected pump solarisation, and small solar projects on barren land. With about ₹34,000 crore earmarked, the scheme envisages
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Landmark Group to invest ₹400 crore in new Gurugram housing project
Landmark Group to invest ₹400 crore in new Gurugram housing project

Business Standard

time42 minutes ago

  • Business Standard

Landmark Group to invest ₹400 crore in new Gurugram housing project

The company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram "We will invest ₹400 crore on construction of our new project 'Landmark SKYVUE'," Landmark Group Chairman Sandeep Chillar told reporters here. | Source: Facebook Press Trust of India New Delhi Realty firm Landmark Group will invest ₹400 crore in the construction of its new housing project in Gurugram. The company is developing 240 apartments in its new residential project, spread over 4 acre of land parcel, at Sector 103 (Dwarka Expressway) in Gurugram. "We will invest ₹400 crore on construction of our new project 'Landmark SKYVUE'," Landmark Group Chairman Sandeep Chillar told reporters here. He said the company has owned this land parcel since 2009, and all approval charges have been paid to the government. Chillar said the company would fund the construction cost with the help of internal accruals, bank loans and advances from customers against sales. Landmark Group will sell apartments in a price range of ₹5-7 crore per unit. The launch price is ₹17,500 per sq ft. The chairman further said the demand continues to be strong in the Gurugram market, helped by infrastructure projects, including the opening up of Dwarka Expressway. The company has so far delivered 15 housing and five commercial projects, mostly in Delhi-NCR. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

US pressure on India for purchase of Russian crude oil unjustified: Moscow
US pressure on India for purchase of Russian crude oil unjustified: Moscow

Business Standard

time2 hours ago

  • Business Standard

US pressure on India for purchase of Russian crude oil unjustified: Moscow

We are confident that India-Russia energy cooperation will continue notwithstanding the external pressure, Russian Deputy Chief of Mission Roman Babushkin said Press Trust of India New Delhi The US pressure on India for its procurement of Russian crude oil is "unjustified", a senior Russian diplomat said on Wednesday. We are confident that India-Russia energy cooperation will continue notwithstanding the external pressure, Russian Deputy Chief of Mission Roman Babushkin said. It is a "challenging" situation for India, he said at a media briefing and added that, we have "trust" in our ties with New Delhi. In the context of Western punitive measures against Russia, Babushkin said the sanctions are hitting those who are imposing them. To a question, he said the role of BRICS as a stabilising force will increase amid the ongoing global turbulence. His remarks came against the backdrop of strain in India's ties with the US following President Donald Trump doubling tariffs on Indian goods to 50 per cent that included an additional penalty of 25 per cent for purchasing Russian crude oil. US President Trump this month issued an executive order slapping an additional 25 per cent tariff on Indian goods as a penalty for New Delhi's continued purchase of Russian oil. Defending its purchase of Russian crude oil, India has been maintaining that its energy procurement is driven by national interest and market dynamics. India turned to purchasing Russian oil sold at a discount after Western countries imposed sanctions on Moscow and shunned its supplies over its invasion of Ukraine in February, 2022. Consequently, from a mere 1.7 per cent share in total oil imports in 2019-20, Russia's share increased to 35.1 per cent in 2024-25, and it is now the biggest oil supplier to India. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Renewable energy sector to transform Rajasthan: Experts at BS Samriddhi
Renewable energy sector to transform Rajasthan: Experts at BS Samriddhi

Business Standard

time4 hours ago

  • Business Standard

Renewable energy sector to transform Rajasthan: Experts at BS Samriddhi

Two factors make Rajasthan the country's solar capital: favourable solar conditions and vast land availability, said Sunil Bansal, President of the Rajasthan Solar Association, at Business Standard's Rajasthan Samriddhi 2025 event in Jaipur on Wednesday. Speaking at a panel discussion moderated by Business Standard's Agriculture Editor Sanjeeb Mukherjee on 'Energy: The Surging Renewables Sector', Bansal said the state is already generating 32 gigawatts of solar power, unmatched by any other state. However, he noted Rajasthan has been unable to fully leverage the opportunity for wider public benefit. 'While Surat already has 50 manufacturing plants, Rajasthan is trailing with only two. Manufacturing creates jobs, and the state will benefit only if large-scale facilities are set up,' he said. Manufacturing remains a drawback Explaining why Rajasthan lags in manufacturing, Rahul Gupta, Founder, MD, and CEO of Rays Power Experts Ltd, said the state is already generating 32 gigawatts of solar power, and no other state compares. However, the state has been unable to fully utilise the opportunity and extend benefits to the common people, he said. While Gujarat's Surat already has 50 manufacturing plants, Rajasthan is trailing with only two, Bansal said, adding that manufacturing is ultimately responsible for providing employment. The state will be able to benefit only if large-scale manufacturing facilities are created. 'Rajasthan to become one of lowest-cost power states' Explaining why manufacturing continues to be a drawback for Rajasthan, Rahul Gupta, Founder, MD, and CEO of Rays Power Experts Ltd, said that the state, in 2017, introduced an open access mechanism, which allowed industries to produce their own power in the state. However, Gujarat had already implemented the same mechanism in 2012–2013. Gujarat was able to bring power prices under control because of the open access mechanism and generated power on its own, he said. Even though solar manufacturing has been limited in Rajasthan, upcoming technologies such as battery storage are expected to expand significantly in the state. According to Gupta, within three years, Rajasthan will become one of the lowest-cost power states in the country, which will, in turn, bring manufacturing back to the state. Renewable sector to change Rajasthan: Nitin Agarwal Speaking on India's total renewable energy target for 2030, Nitin Agarwal, CEO of the Rajasthan Solar Association, said that while the country's total energy target is 500 gigawatts, Rajasthan's share is 125 gigawatts. He added that the sector will play a decisive role in transforming the state. Rajasthan attracts investments in renewable energy Business Standard previously reported that the state is riding the crest of the renewable energy wave as investment plans in solar and wind power have increased significantly. Rajasthan topped the fresh investment table with a total investment of ₹2,69,391.46 crore across 419 new projects. The state, one of the top producers of cement and crude oil, is now on investors' radar in renewable energy, according to a Projects Today survey. The dominance of solar and wind power projects in Q1 was clearly visible in Rajasthan, accounting for around 86.4 per cent of the state's total fresh investment. Business Standard launches Jaipur editions Business Standard on Wednesday rolled out its Hindi and English editions from Jaipur, formally stepping into the Pink City's media space. With this launch, the English daily now publishes 14 editions, while the Hindi version has grown to seven editions. Until now, Business Standard Hindi was published from six locations — New Delhi, Mumbai, Kolkata, Lucknow, Bhopal, and Chandigarh. Jaipur has now joined the list as the seventh publishing hub.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store