Connect with us

Hi, what are you looking for?

CleanTechnica
wind turbines
Image: Zach Shahan, CleanTechnica

Clean Power

India Plans Large Renewable Energy Projects With Public Sector Companies

The Indian government is reportedly planning to rope in public sector companies to set up large-scale renewable energy projects on the lines of the ultra mega power projects program launched a few years back.

The Indian government is reportedly planning to rope in public sector companies to set up large-scale renewable energy projects on the lines of the ultra mega power projects program launched a few years back.

Image: Zach Shahan | CleanTechnica.com

According to media reports, the central government is planning to assign targets to public sector companies to set up large-scale renewable energy projects with capacities of up to 1.8 gigawatts each. The government may allow the companies to choose the power generation technologies to be installed at these projects.

Public sector companies owned directly by the central government and working in the power sector may form joint ventures with various state governments to set up these projects. Some of these companies could be NTPC, Solar Energy Corporation of India, NHPC, and Power Finance Corporation.

The public sector companies may collaborate with the state governments to identify and acquire land for these projects in order to keep the capital cost expenditure, and the tariffs, as low as possible. Installation of power plants shall be done by private project developers but a major change from several current tenders would be the deep involvement of the central public sector companies in the entire process which would add promote confidence among bidders and developers.

In order to ensure that state governments cooperate in land identification and acquisition, some revenue may be set aside for the states linked with the actual annual generation from these projects.

This ultra mega renewable energy project program, though not officially announced, seems to be in line with a similar program launched by the Indian government to set up coal- and gas-based power plants across the country. Under this program, launched in 2005, the government had planned to set up 15 power plants of 4 gigawatts of capacity each. The government managed to auction only four such projects and only two could be operationalized. While the operational power plants are much more efficient than conventional thermal power plants and are also among the cheapest coal-based power plants, the future of the other 13 power plants remained uncertain.

India already has a program that aims to set up 12 gigawatts of solar power capacity through public sector companies. This program has been designed to help and promote domestic solar cell and module manufacturers. However, the response to the tenders issued under this program has so far been quite poor.

Additionally, there is an ongoing program to set up solar power parks across the country with a cumulative capacity of 40 gigawatts. Several success stories have emerged through the implementation of this program. The added modifications to the proposed program — involving public sector companies and offering incentives to state governments to aid the land acquisition — could prove game-changers.

 
 
Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
 
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

New Podcast: Cruise Talks Autonomous Driving Tech, Regulations, & Auto Design

New Podcast: Battery Mineral Mining Policies & Regional Trends

Written By

An avid follower of latest developments in the Indian renewable energy sector.

Comments

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.

 

Support our work today!

Advertisement

Power CleanTechnica: $3/Month

Tesla News Solar News EV News Data Reports

Advertisement

EV Sales Charts, Graphs, & Stats

Advertisement

Our Electric Car Driver Report

30 Electric Car Benefits

Tesla Model 3 Video

Renewable Energy 101 In Depth

solar power facts

Tesla News

EV Reviews

Home Efficiency

You May Also Like

Batteries

Old(ish) Audi e-tron batteries are getting another life in India. In Uttar Pradesh, a German-Indian startup founded by Berlin-based Prodip Chatterjee, Nunam, has turned...

Clean Power

Tata Power is India’s largest integrated power utility, and it is putting more of its weight behind solar now — rooftop solar, no less....

Clean Transport

Mumbai railway stations will be getting EV charging stations as part of a new initiative to promote e-mobility in the Mumbai region. The program...

Clean Power

To ensure only quality equipment is used at solar power projects and, possibly, provide some protection to domestic manufacturers from a flood of Chinese...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.