At the recently conducted Power Ministers’ conference in Goa, Hydro power has
been granted renewable energy status. It was also decided that a separate
renewable energy purchase obligation (RPO) should be set up for the hydro power
sector with state incentives to meet RPO compliance.
the conference as a platform, Piyush Goyal, the Minister of Power, laid out a number of issues facing the hydro power sector,
including the formation of a new
committee to get the
large hydro power projects started with injection of fresh investment to make
them viable in the next three months. Mr. Goyal has also asked the Rural
Electrification Corporation (REC) and Power Finance Corporation (PFC) to work
out a plan to assist stressed and stalled small hydro power projects in the
India recently ratified the Paris
Climate Agreement and established a goal of generating 40 percent of its
electricity from renewable energy sources by 2030. The country has enormous hydro
power potential and is expected to generate a total capacity addition of 4,341
MW by commissioning the 22 stalled hydro projects in the country.
Without hydro, renewable energy accounted for 14.7 percent
of the total installed power capacity in the country as of August 2016. With hydro,
renewable energy now accounts for almost 30 percent of India’s total installed power capacity.