Need to ramp up power generation from green sources: Govt

Bs_logoImage
Press Trust of India New Delhi
Last Updated : Jan 28 2015 | 5:50 PM IST
Railway Minister Suresh Prabhu today said there is a need for increasing power generation from green sources and the government aims to have 1 lakh MW renewable power capacity in the next few years.
"We really need to introduce a huge element of renewable energy and I am very happy that India has taken a lead. The ministries of Power and Renewable Energy have decided to together take one lakh megawatt...In the next few years time and that is an absolutely doable target," he said during India Energy Congress here.
Currently, India has an installed renewable power generation capacity of more than 31,600 MW.
He further said: "We really need to put renewable energy into global energy basket in a significant way."
Coal, Power and Renewable Energy Minister Piyush Goyal had earlier said that the government is trying to address issues in the renewable energy sector by balancing all interests and ensuring that consumers get power at an affordable price.
"There have been concerns about renewable power obligations not being met or not being enforced. There are concerns about domestic manufacturing not being able to scale up....We are trying to address these various issues," Goyal had said.
The renewable energy sector is grappling with various issues. These include non-compliance by entities in following the renewable purchase obligations in the power sector.
Various efforts are underway to boost the domestic renewable energy sector.
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 28 2015 | 5:50 PM IST