Government launche a project to leverage emerging technology in the Power sector

The government has launched a 'Mission on Advanced and High-Impact Research (MAHIR)' with a view to leverage new technologies in the power sector and make the country a manufacturing hub. MAHIR aims to encourage indigenous research, development and demonstration of the latest and new technologies in the energy sector, a power ministry said.

By identifying new technologies and bringing them to the development stage, the mission seeks to leverage them as the main fuel for future economic expansion and thus make India a manufacturing hub of the world, it stated.

The Ministry of power and the Ministry of renewable and new energy have together launched a national mission to quickly recognize emerging technologies in the power sector and develop them indigenously, at scale, for deployment within and outside India. An office memorandum to this impact has been provided.

The mission will be funded by pooling financial resources of the two ministers and the Central Public Sector Companies. Any additional funding needed will be mobilized from Government of India's budgetary resources. Planned for an initial period of five years from 2023-24 to 2027-28, the mission will follow the technology lifecycle approach of the idea to product.