Governance Now Visionary Talks Series

Addition of record power generation, focus on renewable energy development

GN Bureau | February 26, 2016


#Economic Survey   #Budget Session   #Arun Jaitely  

In view of the sweeping changes made in the power sector in the last two years, 2014-15 witnessed the highest ever increase in generation capacity of 26.5 GW. Capacity enhancements have brought down the peak electricity deficit to its lowest level ever of 2.4%. Central and state governments have come together to address problems related to the health of distribution companies and the debt overhang problem via the Ujwal DISCOM Assurance Yojana (UDAY). The economic survey suggests that the tariffs for the poor can be reduced while covering costs and without unduly burdening those better off.

The economic survey states that steps have been taken towards “Making One India” in the power sector. The open access (OA) policy introduced under the Electricity Act 2003, which allows consumers with electricity load above one MW to procure electricity directly from electricity markets, was the first step towards discovering a single market price for power around the country.

High tariffs and erratic supply have led to a slow but steady decline in the growth of industrial electricity purchases from utilities and a gradual transition towards captive generation.

The compound annual growth rate (CAGR) of captive power generation between 2006-07 and 2014-15 is 9.3% compared to 4.6% for electricity procured from utilities. This could be exacerbated in the coming years as decline in oil prices and costs of renewable energy alternatives may prompt a further shift to captive power.

The survey states that renewable energy targets have been revised from 32 GW to 175 GW to give a policy push to the renewable sector and sustainable development. Grid parity for solar generation is on its way to becoming a reality with auctions under the national solar mission resulting in all time low tariff of Rs 4.34 per KWh.
 

Comments

 

Other News

Breaking new ground in Ayodhya: History is created

History was created as prime minister Narendra Modi participated in the foundation-stone-laying ceremony for the new Ram Temple in Ayodhya on Wednesday, ending centuries of controversy. Modi performed Bhoomi Pujan at `Shree Ram Janmabhoomi Mandir`, in the presence of a very limited number o

How to encourage and support breastfeeding amid pandemic

The most joyous moment of a woman’s life is to breastfeed her baby for the first time. Breast milk is the foundation to build a strong bonding between mother and child and must not be missed by any newborn in its nutrition uptake. The World Health Organization (WHO) is encouraging people to “su

Covid testing: India crosses 2 crore milestone

As part of its 3T strategy of focusing on testing, tracing and treating to contain the Covid-19 pandemic, India crossed a landmark, testing 2,02,02,858 COVID-19 samples so far. This is pursuant to the key strategy followed by state/UT governments under the guidance of the centre for managem

Sustaining development in the time of pandemic

The continuing spread of COVID-19 has emerged as the biggest roadblock to development in 2020. Citizens across the globe have been breathing an air of panic, fear, and confusion, not knowing what lies ahead. The pandemic has hit some communities and countries harder than the others, requiring everyone to u

"Mumbai Commissioner shameless in taking credit for Covid numbers"

Senior BJP leader Kirit Somaiya has blasted BrihanMumbai Municipal Corporation (BMC) commissioner IS Chahal for taking credit for reducing the number of coronavirus infections in the in the slum sprawl of  Dharavi, and wondered how could the authorities make boasts when 10,000-plus people have died.&n

Mumbai civic body hiding real Covid-19 toll: Kirit Somaiya

Firebrand BJP leader Kirit Somaiya has blasted BMC Commissioner, IS Chahal, for claiming credit for reducing numbers of coronavirus cases in Mumbai city and said that BMC’s own Sero Survey has revealed that 57% slum dwellers have developed immunity which is why the cases are coming down.  

Governance Now 5th PSU IT Forum

Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter