Former Haryana chief minister and Bhartiya Janata Party candidate Manohar Lal Khattar won from the Karnal constituency in the Lok Sabha elections
States with already high debt are resorting to such populist measures, forcing them to borrow more to pay generating utilities, resulting in a debt tra
The minister said when we have extra solar energy during the day and extra wind energy during the evening, the energy would go waste in the absence of adequate storage system.
Speaking to Moneycontrol Managing Editor Nalin Mehta at the Policy Next summit held on January 18, Union Minister for Power and New & Renewable Energy RK Singh answered questions on a wide range of issues that offer a glimpse into the future of India's energy policy.
The problem is that sufficient quantity of biomass pellet is not available in the country as of now, Union minister for power and renewable energy RK Singh said on August 4.
The minister made the remarks during a bilateral discussion with a French delegation that called upon him on Tuesday, a statement from the power ministry said.
On February 15, the government issued an order stating that if any renewable energy project is not commissioned by the prescribed date of completion, then the developer will be blacklisted for a period of three to five years after asking him/her to show cause.
In an exclusive interaction with Moneycontrol, RK Singh, Union minister for power and renewable energy, said the government is well prepared to meet India's growing electricity demand. He also talked extensively about power tariffs in the country and how the power generation capacity is going to be increased over the years. The minister spoke candidly about challenges to India's green hydrogen mission and the ongoing smart metering initiative.
In a written reply to the Lok Sabha, Power Minister R K Singh said steps are being taken by developers/government for revival of the stalled projects.
Speaking at a panel discussion at the World Economic Forum Annual Meeting 2023, Singh said India is helping farmers reduce their carbon footprint with solar water pumps and green ammonia.
The minster also told the House that out of 5.86 GW (gigawatt) non-operational plants, one plant namely Bela Thermal Power Station (270 MW) was revived on October 2, 2022.
According to official figures, the maximum all-India power demand met at 2:51 pm in April 2022 was 201.066 GW.
According to government statistics, regulatory assets or discoms stood at Rs 88,720 crore as on June 30.
While speaking at a round table conference organised by the International Solar Alliance, Singh said that world governments need to come together to set up a credit guarantee fund to invest in renewable energy in developing countries like those in Africa.
Most of the National Thermal Power Corporation(NTPC) plants are running at 55 percent capacity as their coal stocks are enough for one-two days, he claimed.
"Meeting our aspirations require us to go on higher energy consumption pedestal.. with our low base (per capita) energy consumption, our energy consumption is going to double or treble in short while.
"As a result of UDAY, some improvement has happened. The losses in AT&C have come down from 22 per cent to about 18 per cent. So there has been some progress, though the progress could have been better," Singh said.
The project, being executed by Satluj Jal Vidyut Nigam(SJVN), is estimated to cost over Rs 10,000 crore, the power ministry said in a statement.
The proposed SPV can run assets which are under stress but are completed and ready to go, said Power Minister RK Singh.
The government has been working to achieve the goals of 24X7 power for all, debt free efficient discoms, clean energy power capacity of 175 GW by 2022 and revival over 40 GW stressed power assets.
The industry has claimed that though the government has said GST would be applied to solar modules at a concessional rate of 5 percent, there is still no clarity on whether it will be extended to other equipment as well.
Power minister Piyush Goyal said the government has set a deadline of August 15, 2022 for electrification of all households in the country and May 2018 for the electrification of all villages.
The minister stressed that the economies of scale like in the case of LED bulb distribution programme, would help the nation to adopt better technologies at competitive rates without any subsidy.
Bad loans in the power sector continue to weigh on India's banks, and the government has been looking for ways to help ease the pain for companies struggling to service their debts.
The government's aim is to ensure power at Rs 3 per unit irrespective of source in the medium term, Power Minister Piyush Goyal said at the annual session of the Confederation of Indian Industry (CII).