No power shortage in the country, says Goyal

Image
Press Trust of India New Delhi
Last Updated : Aug 01 2016 | 4:02 PM IST
There is no shortage of power in the country to cater to the demands of states and government is trying to fully tap the potential of new and renewable energy to produce 175 Gigawatt of power by 2022, Rajya Sabha was informed today.
Power Minister Piyush Goyal also said the government was exploring producing energy from waste and garbage and clearance of certain projects were awaited from National Green Tribunal and the Supreme Court, monitoring the use of technology which does not impact on environment.
"There is no shortage of power in the country. We have sufficient power and if any state wants to buy power, one can do so from a portal now.
"Total potential in India from new and renewable energy is huge and immense and the total potential is certainly not being exploited. This government has embarked on a plan for producing 100 GW planned capacity in solar and an overall five-fold increase in renewable energy to 175 GW by 2022," Goyal told members during the Question Hour.
Replying to supplementaries, the Minister said as regards the total amount of energy generated last year from solar power and renewable sources of energy put together was 65 billion units.
"In 32 years, the country barely had 34 MW of renewable energy capacity and the total solar power capacity is 2,632 MW but we have added 4,130 MW capacity in last two years. This is almost 1.5 times in two years against what was added in last 32 years," Goyal said.
As per the new tariff policy, government has made compulsory grid inclusion for all new projects converting waste into energy, he said.
"Government is awaiting clearance of technology for use by certain projects to convert waste into energy. The NGT and Supreme Court are monitoring the technology used for proposed plants for converting waste and garbage into energy. We are in discussion with foreign makers for use of technology,"he said.
The Minister also said there was a proposal to tap the potential of wind power along the 7,500 km coastline in the country, but the cost turns out to be higher than in Europe.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 01 2016 | 4:02 PM IST

Next Story