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[April Free Report] India towards Green Energy

by Yashaswi Hegde | 20-04-2023 20:05



Under the visionary leadership of Nitin Gadkari, India is moving towards a greener and more sustainable energy future. The Union Minister for Road Transport and Highways has been at the forefront of promoting the use of alternative fuels, creating wealth from waste, and leveraging capital markets for public infrastructure projects.


One of Gadkari's main goals is to make green hydrogen available at $1/kg. Hydrogen can be made from a variety of sources, including petroleum, coal, biomass, organic waste, and sewage water. If green hydrogen becomes readily available, it can be used in aviation, railway, bus, truck, chemical, and fertilizer industries instead of coal and petroleum. This will not only reduce our dependence on fossil fuels but also decrease the harmful emissions that are released into the atmosphere.


nitin

Image credits: Toyota Bharat

Gadkari has also been advocating for the use of ethanol as a fuel. One liter of ethanol costs Rs 62, but in terms of calorie value, one liter of petrol is equivalent to 1.3 liters of ethanol. The Indian Oil Corporation has collaborated with Russian scientists and developed technology that makes the calorie value of ethanol equivalent to petrol. This will help reduce our reliance on petrol and also promote the use of renewable energy sources.


In addition to promoting alternative fuels, Gadkari has also been focused on creating wealth from waste. In Nagpur, sewage water is recycled and sold to the state government for power projects, earning them Rs 300 crore royalty per year. The potential for solid and liquid waste management in India is enormous, estimated to be around Rs 5 lakh crore. By finding ways to create wealth from waste, we can not only reduce pollution but also generate revenue for the country.


Gadkari is also committed to making Indian infrastructure world-class. He believes that India has enormous potential in infrastructure and that there is a huge scope for road construction, river connectivity, solid and liquid waste management, parking plazas, irrigation, bus ports, ropeways, and cable car projects. Gadkari has set his sights on making Indian road infrastructure up to the road infrastructure standards of the USA before the end of 2024.


To achieve this, Gadkari has been advocating for the use of greener alternatives in road construction. Alternatives to cement and other raw materials should be found, and glass fiber steel can be used in place of steel. If there is competition, the cost will come down, and become more reasonable. Gadkari believes that good technology, research, innovation, and successful practices from across the world and within India should be used to achieve these goals.

nitin

Image credits: Car Dekho

Gadkari has also been leveraging capital markets for public infrastructure projects. Under InvIT, the idea is to take money from poor people and give them a 7%-8% monthly return on their investment. NHAI (National Highway Authority of India) is AAA-rated and has good economic viability. Their toll revenue is Rs 40,000 crore per year, and by the end of 2024, it is expected to become Rs 1.4 lakh crore per year. By tapping into capital markets, Gadkari is ensuring that there are enough resources to fund public infrastructure projects and achieve his vision for India's infrastructure.


To conclude, under the leadership of Nitin Gadkari, India is moving towards a greener and more sustainable energy future. Gadkari's vision for India's infrastructure is ambitious but achievable. By promoting alternative fuels, creating wealth from waste, and leveraging capital markets, Gadkari is paving the way for a brighter and more sustainable future for India.


Image credits: theweek.in