Govt to set up university, museum of renewable energy
Updated: Dec 05, 2014 02:43:04pm
New Delhi, Dec 5 (KNN) In order to scale up renewable energy implementation and adoption in the country, the Government of India is planning to set up a Renewable Energy University and establish a World Museum of Renewable Energy.
The university will encourage focused R&D in the sector and the museum will showcase the historical value of the different renewable energy plants, technologies and products made in India, and encourage the use of green energy, said Secretary, Ministry of New and Renewable Energy, Upendra Tripathy at a recent meeting on ‘Investment Opportunities in Renewable Energy’ at FICCI.
He said that the government will also create a solar army of 50,000 people to develop skills in this sector.
Citing that RPO and RGO together would create demand off-take for renewable energy, Tripathy said the renewable purchase obligation (RPO) targets would be revised upwards, and government would also bring in renewable generation obligation (RGO) on conventional power companies.
The central government, according to him is aiming to achieve a target of 100 Giga Watt by 2019-20 through renewable energy and to this end, the Ministry of New and Renewable Energy would be organizing the first Renewable Energy Global Investment Promotion Meet and Expo ‘Re-Invest’ here from February-15 to 17, 2015.
Emphasising the need for international alliances to the mega projects, Tripathy said the government is ready to support the private industry and other stakeholders not just in power generation but also in transmission lines and distribution.
Further, in order to enable the government to draft sustainable policy measures to ease the functioning of the industry, Tripathy urged the industry to come forward with feasible solutions to various challenges they are facing such as PPAs, land acquisition, debt financing and tariff issues.
Addressing the meeting, Joint Secretary, Ministry of New and Renewable Energy, Tarun Kapoor exhorted the industry to commit itself to the government’s plan on renewables by actively investing in the sector and accomplishing the targets.
In his presentation on ‘Potential for Investment in Renewable Energy’, PriceWaterhouseCoopers (PwC) Partner, Amit Kumar said that clean energy investment in India is a lucrative proposition but impediments such as availability of waste land for solar energy plant, has emerged as a hindrance.
The views of the industry were presented by Chair of FICCI Wind Energy Task Force, Rakesh Bakshi, Chair of FICCI Solar Energy Task Force and Chief Executive Officer V Saibaba and Chair of FICCI Bio Energy Task Force and Managing Director Devin Narang.
The three Chairs underlined the need for enabling provisions to ease the working of the industry and suggested the formulation of separate renewable energy legislation, timely payments by state utilities, and public private partnerships.
They pointed out the need for land banks, support for high efficiency R&D, and doing away with capacity allocation by government, instead leaving it to market forces by introducing a feed-in-tariff regime, and also looking at hybrid solutions.
FICCI Director General Arbind Prasad emphasised the need to make renewable source of energy in the day to day lives of people. He said every sector has the opportunity to invest in clean energy and every company can harness this by investing in renewable energy, in whichever way they want to adopt it. (KNN/ST)
The university will encourage focused R&D in the sector and the museum will showcase the historical value of the different renewable energy plants, technologies and products made in India, and encourage the use of green energy, said Secretary, Ministry of New and Renewable Energy, Upendra Tripathy at a recent meeting on ‘Investment Opportunities in Renewable Energy’ at FICCI.
He said that the government will also create a solar army of 50,000 people to develop skills in this sector.
Citing that RPO and RGO together would create demand off-take for renewable energy, Tripathy said the renewable purchase obligation (RPO) targets would be revised upwards, and government would also bring in renewable generation obligation (RGO) on conventional power companies.
The central government, according to him is aiming to achieve a target of 100 Giga Watt by 2019-20 through renewable energy and to this end, the Ministry of New and Renewable Energy would be organizing the first Renewable Energy Global Investment Promotion Meet and Expo ‘Re-Invest’ here from February-15 to 17, 2015.
Emphasising the need for international alliances to the mega projects, Tripathy said the government is ready to support the private industry and other stakeholders not just in power generation but also in transmission lines and distribution.
Further, in order to enable the government to draft sustainable policy measures to ease the functioning of the industry, Tripathy urged the industry to come forward with feasible solutions to various challenges they are facing such as PPAs, land acquisition, debt financing and tariff issues.
Addressing the meeting, Joint Secretary, Ministry of New and Renewable Energy, Tarun Kapoor exhorted the industry to commit itself to the government’s plan on renewables by actively investing in the sector and accomplishing the targets.
In his presentation on ‘Potential for Investment in Renewable Energy’, PriceWaterhouseCoopers (PwC) Partner, Amit Kumar said that clean energy investment in India is a lucrative proposition but impediments such as availability of waste land for solar energy plant, has emerged as a hindrance.
The views of the industry were presented by Chair of FICCI Wind Energy Task Force, Rakesh Bakshi, Chair of FICCI Solar Energy Task Force and Chief Executive Officer V Saibaba and Chair of FICCI Bio Energy Task Force and Managing Director Devin Narang.
The three Chairs underlined the need for enabling provisions to ease the working of the industry and suggested the formulation of separate renewable energy legislation, timely payments by state utilities, and public private partnerships.
They pointed out the need for land banks, support for high efficiency R&D, and doing away with capacity allocation by government, instead leaving it to market forces by introducing a feed-in-tariff regime, and also looking at hybrid solutions.
FICCI Director General Arbind Prasad emphasised the need to make renewable source of energy in the day to day lives of people. He said every sector has the opportunity to invest in clean energy and every company can harness this by investing in renewable energy, in whichever way they want to adopt it. (KNN/ST)
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