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RE energy era obligatory for Greenfield coal-based vegetation

To reinforce renewable power capability within the nation, the Energy Ministry goals to make it obligatory for any thermal energy producer aiming to arrange a brand new producing capability after April 1, 2024, to both arrange or procure renewable power capability equal to it.

To implement this, it plans to deliver out an modification within the Tariff Coverage 2016 to incorporate the supply of “renewable era obligation (RGO)”.

It has sought stakeholders’ feedback on the proposal which has been shared with them by means of a draft word issued on November 7, inside 21 days of its issuance.

Beneath it, the Energy Ministry has proposed that after April 1, 2024 any new producing firm planning to arrange a coal or thermal-based capability must construct or procure the same quantum of renewable power.

“With the intention to promote renewable power sources, any producing firm proposing to ascertain a coal or lignite-based thermal era station after a specified date shall be required to ascertain such renewable power producing capability or procure and provide renewable power equal to such capability, as could also be prescribed by the Central authorities once in a while after due session with stakeholders,” the word learn.

It additional added that the capability of renewable power to be established or procured or equipped by new coal or lignite primarily based thermal producing stations, must be minimal 25 per cent of the capability of thermal producing stations being established. The initiative is geared toward attaining the goal of producing 50 per cent of electrical energy from non-fossil fuels.

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