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The Ministry of New and Renewable Energy (MNRE) plans to host the first global investor meet in November for attracting foreign investment, said Upendra Tripathy, Secretary, MNRE.
“We have seen in the past that global investor meets held by states like Gujarat and Karnataka have been very successful which is why we are planning a similar meet for the renewable energy sector in India,” said Tripathy.
“The meet is being organised by the Indian Renewable Energy Development Agency (IREDA) and will have the full support of the Ministry.”
Tripathy was speaking at a workshop on the regulatory and financial challenges for power generation from biomass. He said that power generated from biomass has a much larger potential to be available across states unlike solar and wind power, which is restricted to certain pockets of the country.
“Already, there is an installed capacity of 4,700 MW of biomass based power in the country,” said Tripathy. “Biomass energy can play a big role as there are many areas where conventional energy is not available.”
However, Tripathy urged the State Electricity Regulatory Commission (SERC) to take cognisance of the revised regulations notified recently by the Central Electricity Regulatory Commission and pass on the benefits to the biomass power producers so that their plants can be run economically. CERC had approved values of critical parameters and recommended for annual revision of fuel price based on independent surveys in an order passed on May 15, 2014.
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