Government encourages developers to deploy advance technology in energy sector

Most of renewable energy projects in the country are being implemented by the private sector developers selected through transparent bidding process, stated the Minister of State (IC) New and Renewable Energy, Power and Skill Development and Entrepreneurship, Hon’ble RK Singh. Government has issued standard bidding guidelines to enable distribution licencees to procure power at competitive rates in cost-effective manner. In order to be competitive, developers are encouraged to deploy most advanced technologies in these projects to tap maximum energy.

The steps taken by the government to incentivise renewable energy sector in the country, inter alia, include the following:

• Announcement of a target of installing 175 GW of renewable energy capacity by the year 2022
• Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route.
• Waiver of Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar and wind power for projects to be commissioned up to December 2022.
• Notification of standard bidding guidelines to enable distribution licencee to procure solar and wind power at competitive rates in a cost-effective manner.
• Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022.
• Implementation of Green Energy Corridor project to facilitate grid integration of large-scale renewable energy capacity addition.
• Launching of new schemes, such as PM-KUSUM, solar rooftop phase II, 12,000 MW CPSU scheme Phase II.