A Parliamentary panel has asked the Ministry of New and Renewable Energy to set up a pilot tidal power project in the country, preferably at a cost effective location like Gulf of Kutch
A parliamentary panel has asked the Ministry of New & Renewable Energy (MNRE) to increase the capacity addition target under the scheme for setting up grid-connected solar projects by CPSUs and to take pro-active steps to encourage more participation from these units. MNRE is implementing the scheme for setting up grid-connected solar PV power projects by central public sector undertakings (CPSUs) and government organizations with Viability Gap Funding (VGF). As per the scheme, these projects are implemented with domestically manufactured solar cells and modules. "Target under the scheme for setting up of grid-connected solar PV power projects by CPSUs and government organizations should be increased. "Since only a few CPSUs have participated in the scheme till date, the Ministry should take pro-active steps and encourage more CPSUs/government organizations to participate in the scheme," said Parliamentary Standing Committee on Energy in its 17th report tabled in Parliament ...
Industry players say cap is inadequate to meet funding requirements of planned mega projects
RE Projects hit by Covid, supply chain disruption can claim Force Majeure
The current cumulative installed capacity is 33.7 MW which is intended to be increased to 40 MW in the next two years
The ministry has also got in touch with trade commissioners and representatives of various countries and invited them to invest in this promising sector in India
Industry has been asking for removing caps when market conditions favoured higher tariffs; the govt's move comes when tariff has reduced
The move is in line with the Centre's efforts to promote domestic solar manufacturing
There is already safeguard duty of 15 per cent levied on the imported solar cells and modules
Engagement of consultant will help speed up implementation of small hydro projects of up to 25 Mw