The Parliamentary Standing Committee on Energy was informed that the Ministry of Power is exploring a possible solution to this problem and will bring a policy paper in this regard.
A parliamentary panel on Friday asked the Ministry of Power to provide a policy paper to address the issue of declining renewable energy rates, which has prompted reluctance among discoms to enter into long-term power purchase agreements (PPAs). . Has become a puzzle “.
The Parliamentary Standing Committee on Energy was informed that the Ministry of Power is exploring a possible solution to this problem and will bring a policy paper in this regard.
In its report tabled in Parliament on Friday, the 16th report said, “The committee expects the ministry to finalize the policy paper.”
“The long-term power purchase agreement (PPA) has become an issue. Since the advent of solar power, its tariffs have been steadily declining.
It was found that in recent years, solar energy rates have been cited as aggressive, making DISCOM reluctant to enter any long-term PPA.
“This situation is causing long disruption as PPA is a pre-requisite for financing any new power project. In the absence of long-term PPAs, it may be difficult to attract investment in the power sector. ‘
“On the one hand, there are power generators who insist on respecting long-term PPAs at any cost as they have invested heavily in their projects. On the other hand, there are discoms who do not want to purchase power at a higher rate through long-term PPAs as it is available at a much cheaper rate in the short-term market, ”the report said, adding that the panel has made the Ministry of Power a Has recommended provision for review of such PPAs in which cost has been increased due to delay in development of power project.
In the 17th report of the Ministry of New and Renewable Energy (MNRE) tabled in Parliament on Friday, the panel said, “The Ministry (MNRE) should work on a mission mode to successfully achieve the target of 175 GW by the year 2022.” 2022 Up to 175 GW of renewable energy capacity is to be installed, including 100 GW from solar, 60 GW from wind, 60 GW from air and 10 GW from biomass and the remaining 5 GW from small hydroelectricity.
The panel stated that the total installed capacity of renewable energy as on 1 January 2021 is 92.54 GW, including 38.79 GW from solar power, 38.68 GW wind power, 10.31 GW bio-energy and 4.76 GW small hydro.
It found that “only more than 50% of the target has been achieved and the remaining 82.46 GW capacity is to be installed in just one and a half years.” Further, it noted that an additional capacity of 49.30 GW is under implementation and another 27.57 GW has been tendered.
“Even if these capacities are installed, the cumulative capacity will still be 169.41 GW which is still less than the target of 175 GW. In such a situation, the Committee is apprehensive that any laxity from the Ministry in achieving the target set may be re-applied to our commitment.
India has pledged that by 2030, 40% of its installed power generation capacity will be from clean energy sources.
It also stated that “More than 10 years after the launch of the National Solar Mission in 2010 and subsequently the more commendable announcement in 2015 of the goal of 100 GW of solar power (by 2022) … the government has been able to 31 January , To install 38.79 GW of solar power in the country by 2021. “While MNRE has stated that 36.03 GW of solar power projects are in various stages of implementation and 23.87GW are in the tender process, the actual examination lies in their actual commissioning within the stipulated time frame,” it said.
India has targeted to set up 40 GW of solar power by setting up more than 50 solar parks and ultra mega solar power projects by 2022.
The panel observed that against this target, 39 solar parks with a total capacity of 17879 MW have been approved to be set up in 17 states.
Out of these sanctioned solar parks, the infrastructure in eight parks has been almost fully developed where solar projects with a total capacity of 6,580 MW have also been commissioned. Four solar parks have been partially developed where solar projects with a total capacity of 1,365 MW have been commissioned.
It was noted that the remaining 11 solar parks with a total capacity of 17,121 MW have also not received MNRE approval, although these parks are to be developed and include projects by 2022.
In addition, it reported that only 20% of the approved solar parks are yet fully developed and another 10% are only partially developed, leaving up to 70% not exempted.
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