Speaking at an industry event, Kumar said the ministry is not only buoyant of achieving the 175 GW target of RE by 2022 but will surpass the set target, adding the country had 14.7 GW of installed RE capacity in 2010 which has grown to 86 GW now
January 17, 2020. By News Bureau
India will have an installed renewable energy generation capacity of 225 Gigawatt (GW) by 2022, comprising large hydro projects, Anand Kumar, Secretary at the Ministry of New and Renewable Energy (MNRE), said.
Speaking at an industry event, Kumar said the ministry is not only buoyant of achieving the 175 GW target of RE by 2022 but will surpass the set target, adding the country had 14.7 GW of installed RE capacity in 2010 which has grown to 86 GW now.
"Presently under 36 GW of RE projects are under various stages of installation and additional 30 GW projects are under various rounds of bidding. And we have another 23 Gw more to bid out and have 3 years to implement the target," Kumar said in his speech at the India Energy Forum - Renewable Energy Summit.
He, however said there are certain gaps which need to be plugged with issues like Andhra Pradesh power purchase agreements. The ministry had earlier told Andhra Pradesh government that the pacts are sacrosanct and once signed cannot be revisited.
"We have guaranteed RE developers that we are by their side in the court of law. Hence, time has come to look at the gaps and strengthen the PPAs," said Kumar
He also said the ministry is planning to bring revisions in the Electricity Act of 2003 in order to make respective states abide by the central renewable purchase obligations (RPOs).
Kumar accentuated that the states will be fined for defaulting on previously signed PPAs or in the cases of illegal curtailment. He said the ministry will work to reinforce the payment security mechanism and warranting sanctity of the PPAs.
AI will move from being a good-to-have technology to a must-have technology
We Need to Create Employment Opportunities that would Inspire Women to Join Clean Energy Space
There Must be a Penal Mechanism on Discoms for Delay in Signing PPAs, Payments Release
India’s Power Sector Must be Financially, Physically Resilient to Secure Investments it Needs