Wednesday, August 19, 2015

Growth on the fringes


"Thou hast seen nothing yet."
-Miguel de Cervantes (Spanish, 1547-1616)
Word for the day
Brickbat (n)
An unkind or unfavorable remark; caustic criticism
(Source: Dictionary.com)
Malice towards none
PM Modi delivered yet another entertaining performance overseas.
Hand on your heart & pinky swear - did you watch the show on TV, till the end?

Growth on the fringes

Driving through the famous Yamuna Expressway, I realized that unlike most older roads in Uttar Pradesh (and most other parts of the country), this one has no tree planted on the fringes.
May be tree planting is part of a later schedule. May be it is not.
I observed that this stretch of 145kms clean road could certainly be used for installing pillar mounted solar panels on both sides of the road without any botheration. The electricity thus generated could illuminate many villages alongside the road, and even be used for charging electric vehicles that may ply on the road in future.
It also struck my mind that why a similar exercise could not be done on the vacant land alongside rail tracks to meet a part of railways energy needs.
It is true that at present cost of thermal power perhaps is cheaper as compared to solar energy. But this gap could be easily met if the government directs a part of savings on fuel subsidy to creation of a sustainable energy security solutions.
In rural areas of east Uttar Pradesh and Bihar a majority of poor households use kerosene for lightening purpose. Providing light to these houses through this roadside or railside solar power 'plants' will save on kerosene subsidy and associated health cost also.
It would be worthwhile discussing whether installing solar panels alongside all new highways, expressways and railways could be made an integral part of the road and rail contracts at the awarding stage itself. This will in effect automatically divert a part road cess collected on sale of transportation fuel towards sustainable energy security solution.
PM informed the nation that in past one year the government has saved INR15,000cr from voluntary relinquishment of LPG subsidy. This money alone could be used to set up 2500MW roadside solar power generation capacity. One successful project will motivate many others to give up LPG subsidy.
In this environment of falling prices and credit cost, the government should focus on creating sustainable growth solutions by investing rather than obsessing about containing fiscal deficit below 4%.
I have said it many times before and do not mind repeating it again. Non-conventional power is one idea that is catching up fast with the people. A road trip across villages of UP and Bihar would show you that "Chinese Power Bank" are the hottest FMCG products for the power starved. These power banks are used to keep mobile phone operational during regular long power cuts.
Small roof top and portable solar panels is one idea whose time has come, in my view. Rising cost of regular electricity and poor availability will continue driving consumers in smaller towns and villages towards this renewable source.
I believe this certainly has the potential to become even a bigger market than mobile telephony and Maruti 800.

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