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New Minister of MNRE

12 Jun 2024

In a significant cabinet reshuffle, Pralhad Joshi has been appointed as the Minister of New and Renewable Energy (MNRE) in Prime Minister Narendra Modi's third term. With a reputation for transformative leadership in the coal ministry, Joshi's new role is set to drive India's ambitious green energy goals forward.

A Dynamic Political Journey

Joshi, who began his political career with the Rashtriya Swayamsevak Sangh (RSS) and the Bharatiya Janata Party (BJP), has held numerous key positions, including the President of the Karnataka BJP. His tenure in the coal ministry was marked by significant reforms, including opening the coal sector to commercial mining and amending the Mines and Minerals (Development and Regulation) Act, 2021. These changes boosted domestic production and fostered competition, positioning Joshi as a transformative leader.

Setting the Green Agenda

Under Joshi's leadership, the Ministry of New and Renewable Energy is poised to accelerate the use of renewable sources like solar, wind, and green hydrogen. A key focus will be the National Green Hydrogen Mission (NGHM), launched in January 2023 with an initial outlay of Rs 19,744 crore. This mission aims to develop a green hydrogen production capacity of at least 5 million tons per annum (MTPA) and add about 125 gigawatts (GW) of renewable energy capacity by 2030.

The NGHM funding breakdown includes:

  • Incentives on Green Hydrogen Production and Electrolyser Manufacturing: Rs 17,490 crore

  • Pilot Projects: Rs 1,466 crore

  • Research and Development: Rs 400 crore

  • Other Mission Components: Rs 388 crore

Strategic Goals and Initiatives

Joshi’s appointment comes at a critical time when India is ramping up its renewable energy ambitions. Key initiatives under his leadership will likely include:

  • Boosting Solar and Wind Energy: Expanding India's solar and wind energy infrastructure to meet growing energy demands sustainably.

  • Green Hydrogen Production: Supporting the National Green Hydrogen Mission to make India a global leader in green hydrogen.

  • Large-Scale Battery Storage Systems: Providing incentives for the development of advanced battery storage systems, crucial for stabilizing renewable energy supply.

  • Manufacturing Incentives: Promoting domestic manufacturing of renewable energy components to reduce dependence on imports and create green jobs.

Transition and New Leadership in Energy Sector

While Joshi steps into the MNRE, G. Kishan Reddy takes over the coal ministry, and former Haryana Chief Minister M.L. Khattar will manage the power ministry. This strategic division of responsibilities underscores the government's commitment to distinct yet complementary energy sectors, ensuring focused and efficient policy implementation.

A Vision for a Sustainable Future

Joshi’s leadership in the MNRE is expected to usher in a new era of renewable energy growth. By building on the foundation of past reforms and introducing innovative strategies, Joshi aims to propel India towards a sustainable and self-reliant energy future.

As India continues to grapple with climate change and energy security, the focus on renewable energy under Joshi's stewardship will be crucial in achieving the country's green goals and ensuring a cleaner, greener future for all.

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