The government will table amendments to the Electricity Act 2003 in the upcoming monsoon session of Parliament, said R K Singh, minister for power, new and renewable energy, on Thursday.
“The amendment will have 2-3 added provisions; one of them is increasing the penalties on the renewable purchase obligations. The demand has increased, and the market is not an issue currently. The market is going to become more vibrant because of the increase in size of our product,” Singh said at the India Energy Transition Summit 2022 organised by FICCI.
India will sell renewable energy with storage at Rs 6.5-7