Govt working on a plan to raise solar power share into the grid Kolkata,

Aug 29 (PTI)

The Ministry of New and
Renewable Energy (MNRE) is working on a plan that aims at
supplying more solar power into the grid, which in turn would
renergise stressed thermal projects, officials said Thursday.
    With solar power tariffs dipping below thermal power,
the government is keen on lowering electricity rates for
consumers by mixing a higher share of solar energy.
    “Discussions are taking place under MNRE and we are
all in discussion with the ministry to evolve the plan. We
have to involve the regulators, buyers, and users,” PTC India
CMD Deepak Amitabh told reporters here.
    He was speaking on the sidelines of an environment and
energy conclave organised by the Bengal Chamber of Commerce
and Industry.
    After haircuts from lenders, a product that clubs
higher solar power with fossil fuel power can help revive the
stressed power assets, the officials said.
    The discoms have also been seeking electricity
short-term contracts to eliminate the fixed-cost component,
the share of which has gone up in their total power cost, they
said.
    A recent ASSOCHAM-Grant Thornton study had noted that
the country’s power sector was a highly-stressed segment, with
loans to the tune of around Rs one lakh crore has turned
bad or been recast. PTI BSM
RBT RBT

News Source: THE WEEK

(This story has not been edited by THE WEEK and is auto-generated from a PTI feed.)