NTPC Ltd, India’s biggest electricity producer, is seeking to buy the central government’s stake in hydro-power producer SJVN Ltd to boost its share of non-fossil fuel generation capacity, according to people with knowledge of the development.
In what could impact India’s hydro power generation, the water storage available in 91 major reservoirs of the country for the week ending on March 02, 2017 was 64.55 BCM, which is 41% of total storage capacity of these reservoirs.
The government will bring out a new policy for the hydro power sector next fiscal to boost this clean source of energy, a senior official said.
New capacity additions could all come from renewable sources like solar, wind and hydro power, but that is only after 2023-24, subject to cost competitiveness and the grids ability to handle clean energy, says a TERI report.
Pakistan’s two parliamentary committees in a joint resolution asked India to immediately suspend the ongoing construction of the Kishanganga and Ratle hydro power projects in Jammu and Kashmir, Dawn reported.
There will be a major thrust on hydro sector by different ways to bring down cost of electricity from this renewable source, Power Minister Piyush Goyal said today.
In order to achieve the renewable energy target of 175 GW by the year 2022, the major programmes/ schemes on implementation of Solar Park, Solar Defence Scheme, Solar scheme for CPUs Solar PV power plants on Canal Bank and Canal Tops, Solar Pump, Solar Rooftop etc have been launched during the last two years.
In an attempt to promote India’s hydropower generation capacity, the National Democratic Alliance government plans to club hydropower with clean energy fuel sources.
States Agree In Principle To Bring Hydro Power Projects Under Renewable Energy Fold, Proposal To Soon Go For Cabinet Approval
Power Finance Corporation (PFC) and Rural Electrification Corporation (REC) have been asked to work out a mechanism in which the small hydro power projects (presently lying stressed and stalled in the country) can be resolved and identify those which are viable for being re-started.
Union Minister Piyush Goyal said that “by and large a consensus has been made with the states that hydro power should be declared as renewable power and a seperate renewable purchase obligation (RPO) for hydro should be set up. A new proposal will be worked out for the Cabinet with required amendments to India’s long term renewable energy goals.
Government has resolved to come up with a proactive hydro power policy to push stalled projects and explore possibility