A 2-day conference on renewable energy concludes at Udaipur in Rajasthan | Whuff News

A two-day summit of energy and renewable energy ministers of states and UTs was held on October 14 and 15 in Rajasthan’s Udaipur, which concluded on Saturday, the Energy Minister said.

Union Minister for Power and New and Renewable Energy (NRE), RK Singh chaired the conference. Apart from him, the United Nations Minister, Krishan Pal Gurjar, and several other ministers and Chief Secretaries of States and UTs attended the event.

“During the Conference, detailed discussions were held on the focus on Financial Performance and Sustainability of the distribution sector, upgrading and upgrading of electricity systems, and Development of Electricity Systems to ensure 24×7 electricity including the need for investment and Reform of the Electricity Sector. States have provided input and advice on each of these important issues,” the Minister said in a release.

As a ministry, taking into account the important role of the distribution sector in ensuring financial stability and performance throughout the value chain of the power sector, it was emphasized that effective measures should be taken to reduce Aggregate Technical and Commercial (AT & C) losses, to ensure costs. -Declaration of payments, calculation of subsidy and early payment of subsidy by state governments, clearance of outstanding payments of State Government departments and compliance with Electricity (Late Payment and Related Matters) Rules, 2022 (LPS Rules) for timely payment of fees of production. companies etc.

To reduce AT&C losses, it was agreed to accelerate the deployment of Prepaid Smart Metering to customers and System Metering to set up energy metering systems. It was also agreed that subsidies to different categories of users would be provided only on a per unit basis of actual energy consumption.

In general it has been noted that there has been great progress made in the measures taken to improve the performance of energy systems, the Minister reiterated.

Most of the states have already submitted their diversification plan under the Revised Distribution Sector System (RDSS) to improve the financial and operational efficiency of their distribution companies (DISCOMs).

All efforts and policies should be focused on providing better services to electricity users.

According to the Ministry, the deployment of renewable energy is central to achieving the goal of net zero by 2070 and reaching 500 GW of non-fossil installed capacity by 2030 as part of the nation’s commitment to achieving climate change goals.

Highlighting the achievements of the past few years in the Renewable energy sector, discussions are made on the policy, management and institutional interventions needed to accelerate the implementation of renewable energy projects and that countries should support in achieving the GoI’s non-fossil energy goals. . Emphasis has been placed on creating a framework to improve domestic manufacturing capacity in the RE sector through various incentive measures, the Minister said.

“States should try to deploy solar rooftop systems as soon as possible to ensure that the total target of 40 GW is met. States are encouraged to accelerate solar installation under the PM KUSUM scheme,” the report added.

Officials and ministers also emphasized on taking BESS and Pumped Storage Hydro projects as priority to ensure future energy security. Also, they noted that future technologies including green Hydrogen, Off Shore Wind, Off-grid and Decentralized Renewable Energy (DRE) applications should be developed.

The department noted that it is important to get funding for investment from many sources as ensuring reliable electricity 24×7 is important to ensure the socio-economic development of the country and said, “The demand for electricity in the country is set to double in the next decade and the necessary investment, which is estimated at more than INR 50 lakh crores across power generation, transmission and distribution will be required to meet such demand.”

“Attracting large investments requires ensuring ease of doing business in the country for active private sector participation. In this direction, the GoI has taken various measures such as LPS Rules 2022, Electricity (Early Reimbursement of Costs due to Changes in Law) Rules. The -2021, Electricity (Promoting RE through Green Energy Open Access) Laws, 2022, Introduction of RTM, GTAM and GDAM in electricity markets,” the report added.

(Only the content and image of this report may be reused by Business Standards staff; the rest of the content is generated automatically from the aggregated feed.)

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