RE Target of 1,75,000 MW Should be Taken as Mission for Energy Security of Country: Shri Piyush Goyal

Shri Piyush Goyal , Union Minister of State (IC) for Coal, Power and New and Renewable Energy has said that the target of generating 1,75,000 MW of Renewable energy ( RE) by 2022 should be taken as a mission for ensuring energy security of the country. While addressing the workshop on Grid Connected Solar Rooftop at Vigyan Bhawan today, Shri Goyal further said that Government of India is soliciting ideas and constructive criticism on all the renewable power projects and no amount of negative response can deter Ministry from its dream of achieving this target. India will soon lead the league of pioneer countries of the world in the field of renewable energy. The Minister assured all participants that the intricacies of each and every Renewable energy plan is well thought of in advance for achieving energy security for the nation. The Minister also launched IREDA’s loan scheme for Rooftop Solar PV Power Projects on the occasion. The scheme will provide loans at the interest rate of 9.9 to 10.75 % to the system aggregators and the developers.

Speaking on the occasion, Shri Pradeep Kumar Sinha, Cabinet Secretary said that India has great potential for solar rooftop projects which has not been exploited fully at present. He informed that Government of India has set a target of 100,000 MW grid connected Solar Power in the country and out of this 40,000 MW has to come from Solar Rooftop systems. To achieve this, Shri Sinha said “We need policy & regulatory interventions. Both Ministries of Power and New and Renewable Energy are working together in these directions. He further added that state regulators have to fix the tariff for RE power which goes to grid. This is important factor in popularising RE programme , Shri Sinha added. Elaborating the several steps being taken by Power Ministry to promote RE , Shri Sinha stated that amendments in the Electricity Act to introduce Renewable Generation obligation is proposed along with raising of Renewable Power Obligation in the tariff policy. In additions, stringent penalties for violations are being proposed. Highlighting importance of evacuation of RE power, Shri Sinha suggested to the States to socialised cost of transmission within State to improve renewable capacity.

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