High-level panel to frame national green energy law

Font Size

Print

Feedback

Email

Discuss

Related Articles

Benga project in Mozambique to yield premium coal ...Indian projects win 'Green Oscars'

Mumbai, Nov 20: The centre, in a bid to give a amjor push to the renewable sector, has appointed a high-level committee to prepare the national renewable energy law.

The proposed law will deal with issues relating to providing renewable energy certificates, strict implementation of renewable purchase agreement and above all imposition of penalty for breach of such agreement.

Already certain state electricity regulatory commissions have passed orders with regard to renewable purchases, it needs to be spread across the country. Similarly, the law will enable imposition of penalty for violation of such purchases as at present some state regulatory commissions have passed orders in this regard.

The Central Electricity Regulatory Commission chairman Pramod Deo told FE, “The group has already submitted the draft national renewable energy law to the ministry of new and renewable energy. The proposed law is to promote development and utilisation of renewable and sustainable sources of energy, stabilise emissions of greenhouse gases, diversify energy supplies, safeguard energy security, ensure that energy development is ecologically sustainable, protect environment and to realise the goal of sustainable development.” Deo informed that the ministry has now appointed a committee to look into the draft and come out with a new legislation. Deo was speaking to this correspondent at the sidelines of conference on “renewable energy finance and investment” organised by Euromoney.

The Indian Renewable Energy Development Agency (IRDEA) chairman Debashish Majumdar said that 12 state regulatory commissions have so far fixed percentages for purchase of renewable power. They vary from near negligible to over 10%. “The renewable energy law will enable easy implementation of such purchases across the country. The law will also facilitate tradeable renewably energy certificates.”