India to Spend Over 1 Lakh Crore on RE by 2012 - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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India is likely to spend over Rs 1 lakh crore on setting up of power plants based on renewable energy sources by the end of 2011-12, according to Devasis Majumdar, chairman and managing director of Indian Renewable Energy Development Agency (IREDA).

“As per the target of the 11th Five Year Plan, power plants with a capacity of 14500 MW based on renewable energy sources would be set up by the end of 2011-12. So far, power plants with a capacity of 3,000 MW based on renewable energy sources have been set up at an investment of Rs 15,000 crore”, he said.

About Narasimhan Santhanam (Narsi)

Narsi, a Director at EAI, Co-founded one of India's first climate tech consulting firm in 2008.

Since then, he has assisted over 250 Indian and International firms, across many climate tech domain Solar, Bio-energy, Green hydrogen, E-Mobility, Green Chemicals.

Narsi works closely with senior and top management corporates and helps then devise strategy and go-to-market plans to benefit from the fast growing Indian Climate tech market.


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