According to reports, Eastern Power and Systems Pvt Ltd, managing director, J Krishna Sankar, addressed the students of Indian Institute of Management (IIM-R), on the importance of renewable sources of energy.
Speaking about the difficulties and challenges faced in such projects he stressed that the biggest problem about renewable energies like solar energy is storing and providing it to the end users. That compounded with the high capital costs of such projects plague the sector which makes it necessary for the government to provide subsidies.
Sankar said that India being a developing economy needs the power sector to develop rapidly in order to grow. There is huge potential in India that needs to be tapped effectively to yield results. It is about finding a balance amidst all the chaos that will pave the way for a successful future in the power sector.