India Achieves Renewable Energy Installed Capacity worth 83.38 GW till October, 2019: R K Singh

In the ambitious target of 175 GW target for renewable energy by 2022, India has installed a total of 83.38 GW by the end of October this year, said RK Singh.

R.K. Singh, the Minister of Power and New and Renewable Energy has denied the news of idling in the thermal sector

This information was given by R.K. Singh, Union Minister of State (IC) New & Renewable Energy, Power and Skill Development and Entrepreneurship, in a written reply to a question in Lok Sabha on Thursday.

From the cumulative capacity of 83.38 GW of renewable energy, India has installed 31.69 GW from solar, 37.09 GW from wind, 9.95 GW from biomass and 4.65 GW from small hydro, the minister added.

Singh also informed about the other measures taken by the government to increase the deployment of renewable energy in the country including incentives such as accelerated depreciations, waiver of Inter State Transmission System (ISTS) charges & losses, viability gap funding (VGF) and permitting Foreign Direct Investment (FDI) up to 100 per cent under the automatic route.

He added that, the renewable energy projects were awarded through transparent bidding process, and his government also issued standard bidding guidelines to enable the distribution licensees to procure power at competitive rates in the cost effective manner.

Policies & Regulations | News published on 22/11/2019 by Moulin

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