+
India needs 12 GW more to reach green energy goals
POWER & RENEWABLE ENERGY

India needs 12 GW more to reach green energy goals

India is set to significantly enhance its hydropower capacity, aiming to add 11.9 gigawatts (GW) in the next five years as part of its broader strategy to boost renewable energy production. Currently, 37 hydropower projects are underway, collectively expected to generate 15 GW, with plans in development for projects that will contribute an additional 50 GW.

This move was discussed in detail during the Power Ministers' conference of the North Eastern Region (NER) states?Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura?held in Guwahati. Chaired by Union Minister of Power and Housing & Urban Affairs Manohar Lal, the conference focused on enhancing the power sector's infrastructure and capacity in the region.

The assembly reviewed the progress of critical initiatives such as the North-Eastern Region Power System Improvement Project (NERPSIP) and the Revamped Distribution Sector Scheme (RDSS), aimed at strengthening the transmission and distribution networks across these states. In his opening remarks, the Additional Secretary of the Ministry of Power highlighted the government's commitment to delivering reliable and quality power nationwide, emphasising the importance of pumped storage projects (PSP) in meeting future energy needs.

Manohar Lal underlined the significant hydropower potential of the North-Eastern states, which are central to achieving India?s ambitious target of 500 GW of renewable energy by 2030. He detailed the government's efforts to enhance the economic viability of hydropower projects, including provisions for Hydro Purchase Obligation (HPO), tariff rationalisation, and a waiver of inter-state transmission service (ISTS) charges.

The conference also addressed administrative challenges, such as land acquisition and forest clearances, crucial for the timely implementation of these projects. The Union Minister urged the states to avoid imposing water-cess on hydropower projects as it could lead to higher tariffs for consumers.

With these initiatives, India aims to strengthen its energy security and contribute significantly to global efforts in combating climate change through increased reliance on renewable energy sources. (Source: ET)

India is set to significantly enhance its hydropower capacity, aiming to add 11.9 gigawatts (GW) in the next five years as part of its broader strategy to boost renewable energy production. Currently, 37 hydropower projects are underway, collectively expected to generate 15 GW, with plans in development for projects that will contribute an additional 50 GW. This move was discussed in detail during the Power Ministers' conference of the North Eastern Region (NER) states?Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura?held in Guwahati. Chaired by Union Minister of Power and Housing & Urban Affairs Manohar Lal, the conference focused on enhancing the power sector's infrastructure and capacity in the region. The assembly reviewed the progress of critical initiatives such as the North-Eastern Region Power System Improvement Project (NERPSIP) and the Revamped Distribution Sector Scheme (RDSS), aimed at strengthening the transmission and distribution networks across these states. In his opening remarks, the Additional Secretary of the Ministry of Power highlighted the government's commitment to delivering reliable and quality power nationwide, emphasising the importance of pumped storage projects (PSP) in meeting future energy needs. Manohar Lal underlined the significant hydropower potential of the North-Eastern states, which are central to achieving India?s ambitious target of 500 GW of renewable energy by 2030. He detailed the government's efforts to enhance the economic viability of hydropower projects, including provisions for Hydro Purchase Obligation (HPO), tariff rationalisation, and a waiver of inter-state transmission service (ISTS) charges. The conference also addressed administrative challenges, such as land acquisition and forest clearances, crucial for the timely implementation of these projects. The Union Minister urged the states to avoid imposing water-cess on hydropower projects as it could lead to higher tariffs for consumers. With these initiatives, India aims to strengthen its energy security and contribute significantly to global efforts in combating climate change through increased reliance on renewable energy sources. (Source: ET)

Next Story
Infrastructure Urban

ITCONS Gains on New Rs 3.5 Million Defence Contract

ITCONS E-Solutions is trading at Rs 549.00, up by Rs 12.10 or 2.25 per cent from its previous close of Rs 536.90 on the BSE. The scrip opened at Rs 549.00 and has touched an intraday high and low of Rs 549.00, with 200 shares traded so far.A BSE ‘MT’ group stock with a face value of Rs 10, ITCONS touched its 52-week high of Rs 767.00 on 25 September 2024 and a 52-week low of Rs 166.70 on 5 August 2024. Over the past week, the stock has fluctuated between Rs 560.00 and Rs 510.60. The company's current market capitalisation stands at Rs 3.3 billion.Promoters hold 58.22 per cent of the compan..

Next Story
Infrastructure Urban

Delhi Extends EV Policy Till March 2026

The Delhi government has extended its existing Electric Vehicle (EV) Policy until 31 March 2026, or until a revised version is approved. The decision was made during a Cabinet meeting chaired by Chief Minister Rekha Gupta on Tuesday.According to Transport Minister Pankaj Kumar Singh, the draft of the new policy will undergo broader public consultation before being finalised, prompting the extension to allow time for thorough stakeholder engagement.The consultation process will include inputs from citizens, environmental groups, academic institutions, industry experts, and private firms. Key fo..

Next Story
Infrastructure Urban

Ather Crosses 400 Fast Chargers in Maharashtra

Electric two-wheeler manufacturer Ather Energy announced on Thursday that it has surpassed 400 fast charging points under its Ather Grid network across Maharashtra.The company's fast charging infrastructure now spans 35 cities in the state, including key urban centres such as Mumbai, Nashik, Pune, and Nagpur."Crossing 400 fast chargers in the state is about giving riders the assurance that they'll always find a charger when they need one. As we expand our retail presence, the charging network will continue to grow in tandem to make EV ownership truly seamless," said Ravneet Singh Phokela, Chie..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?