‘We have made the sector highly viable, with aggregate technical & commercial (AT&C) losses reduced to 15.41%, and we are committed to bringing them down further to 12%,’ the power minister said in an exclusive chat with CNBC TV18.
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We are joined by the union Minister for power and new and renewable energy Mr RK Singh sir thanks for speaking with CNBC TV8 though it’s an interim budget several announcements have been made now particularly speaking of renewable energy we have seen an announcement pertaining to solar power solar rooftops
Uh how is that scheme going to to be different from the existing scheme what kind of incentives or subsidies are going to be offered it going to be very different from uh the existing scheme uh here uh we’ll proactively go out to all those households whose consumption is less
Than 300 units uh and get in touch with them to set up rooftops what that will do is that will ensure that electricity bill comes to Zero from day one now the householder doesn’t have to do anything they don’t have to take any loan or whatsoever we’ll just go and install it
What will happen is that you know you know right we’ll give a higher subsidy for this category so the subsidy may go up to about 60% 40% will still be loan but that loan will not be taken by the household uh that loan will be taken by
Our cpsu so they will you know bear the entire cost of setting it up that loan which the cpsu will take will get paid off by the extra units which are generated uh also speaking of other aspects of renewable energy uh there is a lot of Promise which has been shown in offshore
Wind green hydrogen uh what kind of road map is the government going to chart in the short to medium term as far as enhancing production as well as setting up of capacities uh for other renewable energy sources as concerned you see we launched the green hydrogen Mission and
It’s made great progress we already have about 7.8 million tons of manufacturing capacity in different stages are being set up uh our companies have already signed agreements for supplying green ammonia with different countries Japan ET Japan Germany and all that as far as offshore wind is concerned that is
Another dimension which we are adding to our renewable energy portfolio and that Dimension has started you know there are two two ways in which we are going offshore one is through the Open Access route and the other is the vgf route now why these two routs now uh offshore wind
Typically uh in the initial stages will cost approximately about 6 rupees per unit or something like that 5 rupees 50 P per that will be a bit too expensive for our discounts whose average power Purchase cost would be in the region of 4 rupees 4 50 P so that for discoms some
Vgf will be required in the initial years so in this uh budget speech Bud speech n mentioned that there will be a vgf now that vgf is for for that for supplies to discounts for about 1,000 megaw 1 gaw now there is another another route and that is open access route uh
So we are we have already issued bids we are bidding out all space c FL space for about 4 gaw 4,000 megaw of obsure wind capacity there the developers will set up capacity and sell this energy uh through open access to Industries Etc now I have exhorted all our industry to go green
And have return to all the industry captains to go green they’re all going green we’ve brought in the green open access policy to enable them to grow green and so this capacity which will be set up on an open access basis will will be given Open Access and free
Transmission to that industry now typically what will happen is that today the price of electricity for industry would be in the region of 7 Rupees to 8 rupees this will cost 6 rupees so this will bring down the power costs of the industry and at the same time enable
Them to go green uh keeping the power sector free from all uh sorts of problems like unmanageable debt has been a focus area of the government also the government is looking at Market coupling as we go ahead uh what kind of road map is being charted on these counts uh what
Kind of timelines are going to be set as far as these issues and their Solutions are concerned you see we have made the Sector viable already the atnc losses were 27% in 2014 we brought down the losses to about 15.41% now if you recall that was the target when we started off
But I’m not satisfied with it I’m going to bring down the losses atnc losses to 12% out of that 12% about 6% uh is the you know transmission uh technical losses you can call it in transmission and distribution so you have five to 6% would be the technical losses and so the
Commercial losses would only be approximately what 6 to 7% so that is the target which we are aiming at and the outstanding dues of genos you know the Legacy outstanding dues of genos which had gone up to 135,000 cror have come down to 52,000 cror and this also
Will be wiped out in the next 102 months and uh the current bills of all gen codes are totally up to date the subsidy payments wherever the states have announced subsidy that is almost up to date the Tariff is up to date so my sector is viable
And that is reflected in the share prices of all the companies in my sector in fact the share prices of all my companies have gone up by two fold or threefold my final question to you uh keeping the Sector viable as you said has been a focus area uh but as we go
Ahead domestic capacity addition to reduce Imports be it of energy or equipment in the long run is also an area the government is looking at we don’t we don’t import electricity in fact we export electricity we have you you know we have changed that we have transitioned from energy power deficit
Country to a power Surplus country uh so we don’t import energy yes petroleum we import that is separate we import petroleum but that is not my field equipment particularly now as far as equipment is concerned you know a lot of our solar module solar equipment so modules Etc was coming from abroad we
Are adding capacity earlier our model manufacturing capacity was about 20 gaw now it’s gone up to 40 gaw already it’ll go up to about 60 70 gaw right and it’s the whole value chain right from poly silicon to the modules so the we are emerging we have already started
Exporting to different countries Europe United States Indian India made modules are being exported in Wind we were also already we had a domestic industry which was exporting so the wind equipment around the world you will find m in India
1 Comment
Very Happy to see that the government is working so smartly for power sector