2-Day Renewable Energy Conference Concludes in Udaipur, Rajasthan

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A two-day conference of state and UT energy and renewable energy ministers was held October 14-15 in Udaipur, Rajasthan, and ended on Saturday, the energy ministry said. .

Union Minister for Electricity and New and Renewable Energy (NRE), RK Singh, chaired the conference. Besides him, the Union Minister of State for Energy, Krishan Pal Gurjar, along with several other Ministers and Principal Secretaries of State and UT attended the event.

“During the conference, detailed deliberations took place focusing on the financial viability and sustainability of the distribution sector, the modernization and upgrading of power systems, and the development of power systems to ensure a 24/7 power supply, including investment needs and power sector reforms. States have provided their inputs and suggestions on each of these relevant issues,” the ministry said. in the press release.

According to the ministry, considering the essential role of the distribution sector in ensuring the financial and operational viability of the electricity sector value chain, it was emphasized that effective measures should be taken to reduce technical losses. and Global Trade (AT&C), ensuring cost-reflective tariffs, accounting of grant and timely payment of grant by state governments, settlement of unpaid dues from state government departments, and compliance with electricity rules (supplement for late payment and related matters), 2022 (LPS rules) for the timely payment of contributions to production companies etc…

For AT&C loss reduction, it was agreed to accelerate the deployment of prepaid smart metering for consumers and system metering for the establishment of energy accounting systems. It was also agreed that subsidies to various categories of consumers would only be granted on a unitary basis based on actual energy consumption.

Overall, it was noted that substantial progress has been made in the measures taken to improve the viability of power systems, the ministry added.

Most states have already submitted their respective action plan under the Revamped Distribution Sector Scheme (RDSS) to improve the financial and operational efficiency of their distribution companies (DISCOM).

All efforts and policies must be aimed at providing better services to electricity consumers.

According to the ministry, the deployment of renewable energy is essential to reach the goal of net zero by 2070 and to reach 500 GW of non-fossil installed capacity by 2030, in line with the nation’s commitment to meet the targets in matter of climate change.

Highlighting the achievements of the last few years in the renewable energy sector, deliberations were held on the policy, regulatory and institutional interventions necessary for the accelerated implementation of renewable energy projects and states should support the achievement of capacity targets. installed non-fossil of the GoI. . Emphasis has also been placed on creating an enabling environment to enhance domestic manufacturing capacity in the renewable energy sector through various incentives, the ministry said.

“States should strive to rapidly deploy rooftop solar systems to ensure the overall 40 GW target is met. States have been encouraged to accelerate solarization under the PM KUSUM program,” added a communicated.

Officials and ministers also stressed the priority given to the BESS and Pumped Storage Hydro projects to ensure future energy security. Furthermore, they noted that future technologies including green hydrogen, offshore wind, off-grid applications and decentralized renewable energy (DRE) need to be adapted.

The ministry noted that it was essential to secure funding for the investments from multiple sources, as ensuring a reliable 24/7 supply of electricity is essential to ensure the socio-economic development of the country and said, “The demand for electricity in the country is expected to double in the next decade and required capital investment estimated at over INR 50,000,000 in power generation, transmission and distribution will be required. to respond to this request. »

“Attracting large-scale investment requires ensuring ease of doing business in the country for effective private sector participation. In this direction, Government of India has taken various initiatives such as LPS 2022 rules, Electricity (Timely Recovery of Costs Due to Change in Law) 2021, Electricity (Promoting RE through Green Energy Open Access) Rules, 2022, Introduction of RTM, GTAM and GDAM in electric markets,” the statement added.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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