Speaking on this occasion Mr. Gopichand Katragadda, MD, GE said “There have been smart new initiatives in the field of renewable energy. There is a need to focus of energy sector and how to overcome the challenges faced in this sector. New policies need to be implemented to make renewable resources a more viable option. Also there is a requirement for improve infrastructure, how technology can help balance the mix of both fossil and renewable energy consumption. Karnataka is the leader when it comes to renewable energy and we need to help the rest of the nation to get to the forefront of this technology.
The true cost of energy or electricity should be dictated through renewable energy. The power consumption of India is 500/capita/year. Our shortage can now be considered as 100%. To fuel the GDP of this country we need to double our install capacity. With the help of renewable energy we can meet these aspirations. The people who make policies and the people who develop technologies for renewable energy need to work collectively. We need to have better forecasting of supply and demand to improve grid capacity. In the near future one of the major factors to affect the renewable energy market is the Shell gas. But, given the uncertainty of the environment, developing countries like India are hesitant to get into the global competitive bidding. Grid parity is also a major area of concern “
Adding to this Mr. S Chandrasekhar, Immediate Past Chairman, CII Karnataka mentioned “ESCOM has initiated a 560 cr e-governance project for efficient management of RE projects. There is a need for skilled and competent manpower development in the RE sector. Also there should be availability of various financial options from private equity players, banks and other financial institutions for success of RE project”
Mr. Narasimha Raju, IAS, Principal Secretary, Energy department, Government of Karnataka. released the report on ‘sustainable power through renewable sources’. On this occasion he said ‘Energy is one of the most significant sectors in our economy. Among the states in India, Karnataka has one of the highest potentials for renewable energy, thermal and hydro being the main sources of energy in the state. The renewable energy potential is estimated at 28GW, primarily from wind, small hydro, co-generation and bio-mass sectors. Until now 2102 MW of wind, 88.5 MW of biomass, 948.7 MW of bagasse co-generation, 646 MW of small hydro and 14MW of solar have been explored. The government has allotted projects of 17278 MW, amounting to nearly 60% of the full potential”
The afternoon session was a panel discussion on ways to improve the policy and regulatory framework for the implementation of Renewable energy. The panel discussion was presided over by Mr. S. Chandra, Chairman, CII conference, Mr. Sunil Kumar, Associate Director_ GRID, PwC, Mr. M R Sreenivasa Murthy, Chairman, KERC, Mr. P. Manivannan, MD, BESCOM & Incharge, KREDL and Mr. K. Krishnan, Chairman, Malavalli Power Projects Pvt Ltd.
Speaking on this occasion Mr. Sunil Kumar, Associate Director, PwC said’ the renewable energy market in India is not very different in comparison to global markets. The liberalization of regulatory policies will allow growth in the renewable energy sector. With an average demand supply gap of 12% energy shortage is a major factor driving the growth of various RE technologies. In India there is no large monitoring system in place. This problem needs to be addressed with immediate effect’.
Also present at the occasion Mr. P. Manivanna, IAS, MD, BESCOM & incahrge, KREDL said’ a system of competitive bidding needs to be put in place for the procurement of renewable energy. Tariff indexation on a year-on-year basis is a critical driver for growth. Financing of RE projects has been one of the most difficult tasks until now. However, KREDL has simplified the process by creating a Green Energy Fund. This fund is expected to reduce the dependence of Karnataka’s RE projects on central funds.
Adding to this Mr. K. Krishnan said’ in the context of energy security and energy access, we need to look at it in the global deliverable context. Karnataka is continuously contributing to new capacity renewable energy. Bio-mass energy contributes around 23.5% of the total energy of India. It has a great potential to contribute to transport and electricity.’
The power ministry forecasts the per capita consumption to increase to around 1900 kWh by 2032 from the current 800kWh. Policy measures such as JNNSM and sector specific RE policies are aimed at encouraging investment in the renewable energy and will help to develop a market for RE in India.
Also present at the occasion Mr. M. R. Sreenivasan Murthy, IAS, Chairman, KERC said- Karnataka is one of the few states to produce renewable energy, and the government must play the role of a facilitator by providing infrastructure for renewable energy projects like connectivity, electricity & water supply.
During the conference the state government committed a number of supportive polices and regulatory frameworks vital for capacity addition in the RE sector.
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