Over 55% renewable energy MoUs signed in Vibrant Gujarat investors summits dropped
Official figures state that of the total 559 Memorandums of Understanding for investment in the renewable energy sector since the first summit in 2003 till 2017, 55 per cent or 307 projects were dropped.
Of the total proposed investment of Rs 5,48,461.59 crore from this, the actual investment was Rs 40,344.75, which makes it 7.35 per cent.
The proposed employment of over 1.92 lakh from these projects actually yielded only 12,343 jobs or 6.4 per cent.
The figures also show that out of the total proposed generation capacity of 58,837.574 megawatt (MW) only 686 0.84 MW has been commissioned.
However, Additional Chief Secretary (ACS) Raj Gopal had a different take during a press conference ahead of the three-day investment summit beginning January 18.
"Gujarat has taken a lead and remained a pioneer in the sector. India's first offshore wind energy project of 1,000 MW has been planned in the Gulf of Khambhat, off the coast of Gujarat, and we have received tremendous interest.
He said Gujarat was the second largest producer of wind power in the country and accounts for 8% of India's total installed solar power capacity. "The state has immense potential for generation of renewable energy with an estimated figure of over 100 GW."
The Vibrant Gujarat Summit over the years has received a lot of flak from the Opposition which calls it sheer propaganda.
(Amit Cowper can be contacted at email@example.com)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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