With the cheapest power from Bhakra Nangal and Beas projects all set to fall in the first quarter due to depleted level of water at reservoirs, the power utilities in Punjab and Haryana will have to spend extra buck to maintain adequate supply.
Hydro power generation in the country posted a marginal growth of under a percent in FY 17 after two-years of consecutive dip in FY 16 and FY 15 over the respective corresponding period. This year the CEA has fixed a target of 141 billion units of hydro power generation, an increase of 15.6 per cent over the last financial year.
Capacity addition from renewable energy sources surpassed conventional sources for the first time in financial year 2017 as India added 12.5 gigawatt (GW) of renewable energy capacity compared to 10.2GW from conventional sources of fuel.
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.