Goa will require an of Rs 1.3 lakh crore till 2050 to implement its 100%RENEWABLE ENERGY(RE) plan in Goa and it has the potential to generate 15,000 jobs,Goa State Energy Action Plan(GSEAP) has revealed.
The yearly investment requirement is around Rs 4,400 crore which is around 5.6% of the statesGDPat the current price in 2020-21, GSEAP stated. The State Government has set a target of 100% RE by 2050 for all sectors in Goa.
It is estimated that the implementation of the 100% RE plan will create around 15,000 additional jobs (with a 5-year term) up to 2050. As a matter of fact, annually the state can create 500 jobs exclusively for solar and Wind Energy generation, the plan stated.
GSEAP said Goa is going to be oil dependent until 2050 if no action is taken withelectricitybeing supplied through coal-based power Plants (including central stations). Gas will remain insignificant if no scope of its supply and use are promoted and gas is a good alternative energy source with lower emissions and stable supply.