Telangana Green Energy Policy Aims Rs 2 Trillion in Investments
POWER & RENEWABLE ENERGY

Telangana Green Energy Policy Aims Rs 2 Trillion in Investments

Telangana’s state cabinet has approved a comprehensive green and renewable energy policy aimed at attracting Rs 1.98 trillion in investments and generating 114,000 jobs over the next decade. The policy sets a target to add 20,000 megawatts (MW) of renewable energy capacity by 2030. Key incentives include reimbursement of stamp duty for land acquired for green energy projects and an eight-year electricity duty exemption for MSMEs using solar and wind energy. Pollution Control Board no-objection certificates (NOCs) will no longer be required, and approvals will be streamlined through the TS-iPASS system. Additionally, water charges for solar facilities will be reimbursed. The government plans to promote rooftop solar installations across government schools, Indiramma houses, public buildings, and village panchayat offices. Land designated for renewable energy projects will be classified as non-agricultural, with no restrictions on land use. Both private and government land will be available for new plants, with state-owned parcels offered at minimal lease costs. The government will also refund its GST share related to capital investments. The policy encourages women’s self-help groups to establish solar power plants with capacities between 500 kilowatts and 2 MW, with Discoms committed to purchasing the generated electricity. Floating solar projects on reservoirs will also be promoted through competitive bidding, with specific reservoirs allocated for these projects. To foster innovation, the government will establish a renewable energy incubation centre under the guidance of Transco or Discom, focusing on advanced technologies such as wind power, green hydrogen, and hybrid projects. Telangana’s peak electricity demand is expected to double from 15,623 MW in 2024-25 to 31,809 MW by 2034-35, necessitating the push for renewable energy. The policy also introduces open access to green energy, allowing companies to sell electricity directly to consumers, bypassing government distribution entities. This aligns with central government mandates for state compliance. By promoting solar, wind, and hybrid energy, Telangana aims to position itself as a leader in sustainable energy development while meeting future energy demands.

(ET)

Telangana’s state cabinet has approved a comprehensive green and renewable energy policy aimed at attracting Rs 1.98 trillion in investments and generating 114,000 jobs over the next decade. The policy sets a target to add 20,000 megawatts (MW) of renewable energy capacity by 2030. Key incentives include reimbursement of stamp duty for land acquired for green energy projects and an eight-year electricity duty exemption for MSMEs using solar and wind energy. Pollution Control Board no-objection certificates (NOCs) will no longer be required, and approvals will be streamlined through the TS-iPASS system. Additionally, water charges for solar facilities will be reimbursed. The government plans to promote rooftop solar installations across government schools, Indiramma houses, public buildings, and village panchayat offices. Land designated for renewable energy projects will be classified as non-agricultural, with no restrictions on land use. Both private and government land will be available for new plants, with state-owned parcels offered at minimal lease costs. The government will also refund its GST share related to capital investments. The policy encourages women’s self-help groups to establish solar power plants with capacities between 500 kilowatts and 2 MW, with Discoms committed to purchasing the generated electricity. Floating solar projects on reservoirs will also be promoted through competitive bidding, with specific reservoirs allocated for these projects. To foster innovation, the government will establish a renewable energy incubation centre under the guidance of Transco or Discom, focusing on advanced technologies such as wind power, green hydrogen, and hybrid projects. Telangana’s peak electricity demand is expected to double from 15,623 MW in 2024-25 to 31,809 MW by 2034-35, necessitating the push for renewable energy. The policy also introduces open access to green energy, allowing companies to sell electricity directly to consumers, bypassing government distribution entities. This aligns with central government mandates for state compliance. By promoting solar, wind, and hybrid energy, Telangana aims to position itself as a leader in sustainable energy development while meeting future energy demands. (ET)

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi’s daily average Air Quality Index (AQI) clocked 213 (‘Poor’ category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording ‘Poor’ air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of “Financial Fraud Risk Indicator (FRI)” with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the “Financial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?