Empowering the North East: Renewable Energy's Role in India's Green Growth
Key Ideas
- The Renewable Energy Minister highlighted the vast untapped potential of the North East region, with over 129 GW from large hydro projects and more than 18 GW from pumped storage plants.
- Major Indian conglomerates have shown significant interest in investing in the region, with 115 MoUs worth ₹38,856 crore signed in the renewable energy sector, promising substantial employment opportunities.
- Special initiatives such as earmarking 10% of MNRE's annual scheme budget for the North East and providing enhanced financial assistance aim to boost clean energy development in the region.
- The region is set to become an energy export hub, strategically positioned for cross-border electricity trade with neighboring countries like Myanmar, Bangladesh, and Bhutan, aligning with global movements towards carbon neutrality.
At the Rising North East Investors Summit 2025 in New Delhi, India's Union Minister for New and Renewable Energy, Shri Pralhad Joshi, emphasized the pivotal role of renewable energy in driving the growth vision for the North East region. Highlighting the vast untapped renewable energy potential in the North East, the Minister discussed the region's capabilities, including over 129 GW from large hydro projects and more than 18 GW from pumped storage plants. He described the North East as India's 'Ashtalakshmi', emphasizing the transformation of its natural resources into wealth through green power. The Minister showcased major investor interest in the region, with 115 MoUs signed worth ₹38,856 crore, promising significant job creation and development. Special initiatives, like allocating 10% of MNRE's budget for the North East and providing enhanced financial assistance, aim to accelerate clean energy projects. The region is also gearing up to become an energy export hub, strategically positioned for cross-border electricity trade, aligning with global trends towards sustainability. Shri Joshi urged industry leaders to seize the potential of the North East, offering comprehensive government support for investment in renewable energy to drive impact and sustainability.
Topics
India
Renewable Energy
Clean Energy
Sustainability
Job Creation
Economic Development
Government Support
Investments
Energy Exports
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