Government
creates policy advocacy
arm for transition to clean energy sources
/ BL
/ 11 Mar 2022
Extract :
The government has set
up a society under the Ministry of Power which will
act
as the top policy advocacy arm for the power and
allied sectors and will assist
states and businesses with cutting edge research as well as help create solutions
and processes for India’s energy transition journey.
The Power and New &
Renewable Energy Minister RK Singh is the Chair of the
society.
Former Power Secretary Sanjiv Nandan
Sahai has been appointed as the
Director General by a search-cum-selection committee.
“ The Power
Foundation aims to be the
foremost policy advocacy body, which
would engage in national dialogues on power and allied sectors,
providing,
# Authoritative analysis,
# Data,
# Policy
Recommendations and
# Real world solutions
-
to help
states provide secure and sustainable energy for all and to create
smooth pathways for India’s
energy transition,” said the Power Ministry.
It also aims to
# Undertake pioneering efforts in commissioning independent and evidence-
based research studies,
through credible institutions, on various aspects
concerning energy transition in the power sector, and subsequently
# Disseminate the gathered
information through appropriate communication
channels for
creating awareness of the identified stakeholders
MY TAKE :
Dear Shri R K Singhji
( Minister – MNRE )
Congratulations on
formation of The Power Foundation, whose foremost
task seems to be :
POLICY RECOMMENDATION
What POLICY can / will ensure
that we achieve 500 GW of Renewable by 2030 ,
from current
“ Installed Solar Capacity “ of 50 GW ?
That works out to adding
50 GW of Solar PER YEAR for the
next 9 years ( year
after year )
There is only ONE POLICY that can help us achieve that MIRACLE, as
suggested
in my following e-mail :
Sun : Our Soul ( A New SOS ) ………………………. [ 02 Jan 2017 ]
Extract :
Ø With roof-top based solar plants , we don't
need to distribute power over
long distances , using nation-wide distribution
network. We produce / store /
consume power in same place
Ø A roof top solar installation can be done in a
matter of hours, providing
employment to lakhs of Installation Technicians,
employed by thousands of
MSME engaged in such work
Ø Many
more lakhs will find jobs in companies engaged in manufacture of allied
electrical / electronic / storage batteries etc
Ø These
local MSME manufacturers / installers , will aggressively compete and
provide
quick / efficient , after-sales service
IMAGINE FOLLOWING SCENARIO :
* Government declares units belonging
to " Solar Power ( Panel Mfr / Power
Production & Distribution / Ancillary Mfr ) " as a " SOS " Industry
* Units will need to register as such with Department of
Company Affairs (
DIPP )
* Units will be exempt from paying Corporate Income Tax for 10 years ,
on
whatever income they earn ( only those starting operations latest by 31
March 2018 )
* No questions will be asked as to
the " source " of funds invested in the
shares of such units ( a kind of Temporary Amnesty Scheme - 01 April
2017 till 31 March 2018 – to channelize BLACK MONEY into creation of
PRODUCTIVE / NON-POLUTING assets )
*
Units cannot engage in any other Industrial / Commercial / Financial activities
*
Units cannot declare any dividends to share-holders for 10 years
With this kind of INCENTIVE WINDOW (
to convert BLACK into WHITE ) ,
expect
* Hundreds of SOS Units to spring up before 31 March 2018
* They will have ZERO cost as far as servicing of EQUITY is
concerned ! No
dividends !
* They will not need to borrow funds from banks and pay interest (
no danger
of NPA ! )
* They will say :
We are not in the business of "
manufacturing of panels " but we are in the
business of " Delivering electric power to homes / businesses "
* They will compete with each other fiercely and ( as it is
already happening in
USA ) , start offering roof top installations, absolutely FREE, and selling the
generated power at 20 paise / Kwh, for 10 year purchase agreement and with
a 5 % tariff reduction per year !
JUST
IMAGINE
* How much, our LOW ENERGY COST ECONOMY can make us ,
INTERNATIONALLY COMPETITIVE !
* The rise in GDP !
* The possibility of being able
to export our surplus power to neighbouring
countries
* Being able to replace 6
million petrol / diesel vehicles with EVs
by 2020 , due
to easily available charging stations on every street corner
* Reduction in pollution
by shutting down of hundreds of existing fossil fuel based
power plants , whose utilization will drop below 10 % by 2022 ( as against
National Electricity Plan expectation of 48 % , and a un-viability threshold of 55
% )
==================================================
With regards,
Hemen Parekh / hcp@RecruitGuru.com / 12
March 2020
RELATED
READINGS :
Shining
bright : Solar Capacity crosses 50 GW milestone in Feb /
BL / 12 Mar 2022
Extract :
INSTALLED CAPACITY
India’s total installed
capacity in the solar segment ( including ground-mounted,
rooftop and off-grid )
has surpassed the milestone of 50 GW
as of February this
year.
TARGET
“The target of 500-GW
renewable energy by 2030 and India’s net-zero emission
target by 2070
announced at COP26 will bring incredible new opportunities for
green energy
growth
Industry analysts point
out that achieving the 2030 target would require capacity
addition of over
40 GW annually over the remaining eight years.
GREEN BONDS
On
this note, the Finance Minister’s announcement on India’s intention to issue
sovereign green bonds is a positive development. If this can
act as a catalyst that spurs the development of the domestic green bond
markets, it will be a bonus. Further, policy consistency is a must –
particularly, as overseas investors are key equity-funders of Indian renewable
energy, Sidhu added.
Discussing the challenges of new capacity addition, he said capital infusion
would be a major challenge – not because it’s not flowing, but because the
amount of capital required to fund the targets is so immense
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Govt May extend incentives to Solar PV Ancillary Units
