"We need many such (waste to energy) plants for many more metropolitan cities, towns and cities. As citizens, it is our combined responsibility to handle the waste," Singh said while addressing a workshop on waste to energy organised by the Ministry of New and Renewable Energy.
Referring to the recent incident of waste landfill in Ghazipur in Delhi giving way, Singh, also the New and Renewable Energy Minister, said, "We need to avoid incidents like that which happened. A huge waste landfill collapsed. It is a matter of shame for us."
Elaborating, he said, "The most transparent methodology will be to invite bids so that the people compete and the bid can be based on (power) tariff. Those who are willing to give power at minimum rate should win the bid. The land will be provided by the government. The plant can have licence for 25 years or their entire plant cycle to recover capital cost."
According to Ministry of New and Renewable Energy estimates, the solid waste generated from cities and towns in India has a potential to generate power of approximately 500 mw, which can be raised to 1,075 mw by 2031 and further to 2,780 mw by 2050.
According to the Central Electricity Authority data, India has harnessed 114.08 mw of waste-to-energy potential till August this year.
Kumar further said, "In our country, we have potential to generate bio gas through effluents, vegetable market waste, cow dung and even paddy straw (which caused pollution on burning). It can also generate bio fertiliser."
The power minister also launched the trading of Energy Saving Certificates (ESCerts) under the government's Perform, Achieve and Trade (PAT) scheme.
Now, the designated industries, under the PAT scheme, can buy and sale ESCerts at two energy exchanges -- Indian Energy Exchange (IEX) and Power Exchange India Limited (PXIL).
Disclaimer: No Business Standard Journalist was involved in creation of this content
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