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Govt aims to ensure power at Rs 3 per unit in the medium term: Goyal

Goyal assured that there is no proposal to increase tariffs for farmers

Press Trust of India  |  New Delhi 

Govt aims to ensure power at Rs 3 per unit in the medium term: Goyal

The is looking at Rs 3 per unit as the benchmark price for from all energy sources like thermal, solar and wind in the medium term.

The government's aim is to ensure at Rs 3 per unit irrespective of source in the medium term, Minister Piyush Goyal said at the annual session of the Confederation of Indian Industry (CII).

As per a statement issued by the after the session, Goyal assured that there is no proposal to increase tariffs for

Goyal stated that 100GW of stranded and stressed assets have been revived through policy reforms and resource mobilisation.

Power demand has increased by 6.5 per cent last fiscal, even as became power surplus for the first time. The DDU Gram has reached 75 per cent target to electrify 18452 villages, Goyal said in the statement

The minister further said that two years of coal reforms have led to surplus supply for power plants and now focus is on ensuring better domestic coal quality and re-engineering processes so that legacy imported coal-based plants can use indigenous supply.

He stated that short-term reduction in plant load factors or capacity utilisation is due to stagnant generating units coming online and increasing capacity.

has seen a 370 per cent growth in renewable-based generation capacity in the past three years. Well-organised and transparent competitive bidding processes have driven tariffs for solar and wind below Rs 3/unit, he said.

He stated that with reducing costs and the opportunity to build capacity in EPC services, offshore wind may be taken up for pilot studies through NTPC.

First Published: Sat, April 29 2017. 17:43 IST
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