On addition of power capacities
RK Singh: Now, there was a period where we added almost about 190,000 megawatts. I have added 190,000 megawatts in this government’s period. So, in between, I became smug and complacent. I thought that I have added enough capacity, I have surplus. And then, post-COVID, the economy took off. And now, I am right there on this. Whatever capacity I added is proving to be just about sufficient. So I am racing to add capacity.
I have 27,000 megawatts of thermal power under construction. About 12,000 megawatts which have been bid out. About 19,000 megawatts are under various stages of clearances. By 2030, I will have added 90 gigawatts.
Now, in renewable, I have 1,30,000 megawatts under construction. I have about 71,000 megawatts under bid. I already have a renewable energy capacity of 181,000 megawatts. I have 130 megawatts under construction. So, that is the capacity under construction. In hydro, I have about 18,000 megawatts under construction. We also have about 15,000 megawatts which are under surveys and investigation.
The point is that we have to add this very quickly. Typically, the gestation for hydro power takes about five years, six years. I am pushing renewables as fast as possible because the gestation period for solar would be about 18 months. So, there are hiccups on the way.
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I am sure resource availability is not an issue anymore because the balance sheets of PSU power generation companies have been in the best shape in the last two, three decades.
RK Singh: No, it is not the financial resources. I am in a great place where I get whatever investments I need. Every bid I hold is very hotly contested. Every measure of fund in the world is invested here and our companies are growing. The companies we started off with 500 megawatts, 1,000 megawatts are now multi-gigawatt companies.
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