According to reports, the ministry of new and renewable energy (MNRE) is in the process of building a policy that would integrate and cover all parts of the renewable energy sector. This policy would guide the states on issues of inter-state character, Alok Srivastava, joint secretary, MNRE, said on Thursday.
Addressing the 13th edition of the `Green Power 2014′ international conference on renewable energy organised by Confederation of Indian Industry (CII) in Chennai, he said the proposed policy “will not tell the states what to do, but will help them in the form of guidance and how they should move forward.”
The investment potential in the renewable energy sector in the next five to six years was estimated to be over Rs 1,00,000 crore and the need of the hour was to forge a vibrant and robust partnership with all the national and international stakeholders, industry experts at the CII said.The various state electricity regulators were discussing and exchanging ideas and a lot of harmonization was taking place, Srivastava said. The supply side the country moved rapidly owing to the initiatives and investments of the industry within the existing policy frame work, he said.
However, there were still several issues that should be addressed and the MNRE had been working with the industry, regulators and the Union ministries of power and finance to resolve those issues so that the forward march in renewable energy sector was continued, Srivastava said.
“Some of the problems and bottlenecks have to be addressed at the national level to explore the potential of renewable energy in India. A renewable energy law should be enacted to address the policy and regulatory issues. There should also be stricter enforcement of renewable energy purchase obligation (RPO) across the states,” said Ramesh Kymal, chairman, Renewable Energy Council, CII – Godrej GBC.
The other recommendations were to address the challenges related to power evacuation and inconsistencies in tariff norms among the states for wind power, to extend priority lending status to the renewable energy sector and to introduce zero or minimal charges for all renewable energy transmission.
“The government should expedite the process for granting statutory clearances, including environmental clearances and resolving land acquisition and conversion issues,” Kymal said.