India is all set to the world’s third biggest solar market by the year 2017. India has recently unveiled its largest solar plant that can produce energy up to 648 MW. Span over an area of 10 sq.km, this facility is the largest power plant at a single location. This plant has been built over a period of eight months and is funded by Adani Group. It is cleaned everyday using a robotic system in place and the robots can charge their own solar panels.
The energy produced using this plant can light up 150,000 homes. The project has 2.5 million solar modules that are built at a cost of $679m. This new plant has pushed India to cross the 10 GW mark in producin
g energy. There are only few countries that can declare this. With this new project, India is third to become the world’s biggest solar market in 2017 behind China and US.
Even though it is growing fast, India has to increase the number of solar panels for reaching the ambitious targets that the government has set for itself. By 2022, India plans to light up 60 million homes using solar energy. 40 percent of energy production should come from fossil fuels says Indian government.
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Many CEOs in the world prefer to work for a short term. Growth, shareholder’s involvement and political conditions re some of the reasons why they like keeping it short. However, some CEOs manage to keep their focus on the long term and give strong performances. There are many toppers in this year’s round-up of the CEOs across the globe.
One must remember that this is not a great time to be CEO. Many countries are suffering economically and it is not the correct time to come up with any long-term plans as the situation is changing continuously. Particularly in United States, shareholder activities has become more powerful and has come under lot of criticism of business leaders. In the year 2015 alone, more than 17% of the CEO’s have left their positions.
It is disheartening to see how a group of business leaders having very strong track records falter at implementing long-term plans. Best CEOs across the globe have been in the job for more than 17 years and they have contributed to return on their stock.
Ever since HBR launched the ranking system for CEOs in the year 2010, it had judged the leaders on basis of their performance and they have been evaluated for over years to know their track record. The ratings change every year and no one can confirm that the ranking will remain the same.
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