Govt mulling hybrid green policy of wind, solar in same site
NEW DELHI : The power ministry is considering a ‘hybrid policy’ that allows bidding for both wind and solar power projects at the same site. Union Minister of State for Power, Coal, New and Renewable Energy, and Mines Piyush Goyal said on Friday that officials are working on the model and a draft will be placed soon for discussion.
Sources in the ministry said the policy will aim to make states partners in the project. “Currently, the policy is under discussion. The details of the sites and valuation will be done later, hopefully before the year end,” they noted.
Goyal said the government has already received bids for around 2,800 Mw in the second round of wind power auctions that concluded last week. He pointed out that a bid price of Rs 3.46 per unit for wind power projects is sustainable.
He also assured the government is committed to ensuring power-purchase pacts are done before the future auctions to avoid any delay in projects becoming operational. Goyal added that states should have the flexibility to decide energy mix under renewable power purchase obligation.
Goyal has cautioned that companies delaying renewable energy projects will be asked to surrender the allotted sites, if they fail to start the projects in given time period.