India will have 225 GW of installed renewable energy by 2022: Kumar
MNRE Secretary Anand Kumar said that India will not just reach the 175 GW renewable energy target by 2022 but will exceed it by 50 GW
January 17, 2020
Anand Kumar, Secretary at the Ministry of New and Renewable Energy
, exuded confidence on Friday when he said that India will not just reach the 175 GW renewable energy (RE) target by 2022 but will exceed it by 50 GW. India will have an installed renewable energy generation capacity of 225 Gigawatt (GW) by 2022, including large hydro projects, said Kumar.
He added that the country had 14.7 GW of RE capacity in 2010, which had now swelled to 86 GW.
RE target: 36 GW under various stages of installation
Speaking at India Energy Forum’s Renewable Energy Summit on Friday, Kumar said, “Currently under 36 GW of RE projects are under various stages of installation and additional 30 GW projects are under various rounds of bidding. And we have another 23 GW more to bid out and have three years to implement the target,” said the Secretary.
AP PPA issue needs to be resolved
Kumar also added that certain issues need to be resolved, referring to the Andhra Pradesh power purchase agreements. The ministry had earlier told the Andhra Pradesh government that the PPAs are sacrosanct and once signed, they cannot be revisited.
“We have assured RE developers that we are by their side in the court of law. Hence, time has come to look at the gaps and strengthen the PPAs,” said Kumar.
Govt mulls amendments to Electricity Act
Secretary also said that the government is planning to bring in amendments to the Electricity Act 2003 to make the respective states abide by the purchase obligations negotiated by the Centre.
He also added that states will be penalised for reneging on already signed PPAs or in cases of illegal curtailment. Kumar said that the ministry will work to strengthen the payment security mechanism and ensuring sanctity of PPAs.