Govt To Facilitate Easier Open Access For Industries That Want To Go Green: Union Power Minister
Union Minister for Power R K Singh has said that the government will facilitate easier open access to the industries that want to use renewable energy in their operations.
Addressing the conference of Confederation of Indian Industry (CII) on “Aatmairbhar Bharat - Self Reliance for Renewable Energy Manufacturing”, Singh stated that India had emerged as world leader in the energy transition and has one of the fastest rates of growth of renewable energy capacity in the world.
Singh further added that India had pledged in COP-21 in Paris that by 2030, 40 per cent of its power generation capacity will be from non-fossil fuel sources, and had already reached at 38.5 per cent and if the capacity under installation is added, it comes to 48.5 per cent, a Ministry of Power statement said on Friday (16 July).
The minister said that India proposes to continue to be a world leader in the coming years as well and it has set a target of 450 GW of renewable energy capacity by 2030.
Singh said that India will also emerge as a leader in green hydrogen
and green Ammonia. He informed that India proposes to green industry sectors to replace grey hydrogen (drawn from imported natural gas) with green Hydrogen. For this, the ministry will come out with a green hydrogen purchase obligation for different sectors like petroleum and fertilizer, he said.
This will also provide huge demand for domestically manufactured solar and wind equipments as well as storage.
Singh informed that the government proposes to come out with rules and regulations providing for easier open access for those industries which want to become green i.e. which want to rely on green energy for their functioning.
Industry will be able to either set up green energy manufacturing capacity itself or through a developer and draw power from it through open access. The surcharge on open access will also be rationalized so as to ensure that open access is not saddled with unfair levies, he said.
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