Power Ministry emphasizing On Hydro Projects to Boost the Growth of The Equipment market

Posted on: Nov-2017 | By: QY Research | Energy & Resources

Underlining the need to encourage hydropower sector, Power Minister RK Singh said that these projects are not only helpful in meeting the demand during busy times but also help in providing affordable electricity in the long run.

In the meeting held in Guwahati of the Consultative Committee associated to the Ministry of Power and Renewable Energy, hydro power company NHPC Ltd. During the review of the work, said this. Solar Rooftop Program and Solar Pump Program was also reviewed in the meeting presided over by Singh.

In an official statement, while highlighting the importance of hydroelectricity sector, Singh said that we not only need electricity for economic development but also there is need for clean energy.

He said, “hydro-projects are relatively long lasting plants and this helps in providing affordable electricity in the long run. At the same time, there is a favorable demand, which needs to met to encourage hydroelectric projects.”

NHPC Ltd, Chairman and Managing Director, Balraj Joshi, in the meeting gave information about the functioning, projects, and challenges faced by NHPC.

He said that NHPC is currently working on 25 projects with a total capacity of 14000.5 MW. These projects in hydro, solar, and thermal power are in different stages of development.

According to the statement, the Ministry of New and Renewable Energy also gave information about solar rooftop program and solar pump program.

It was informed in the meeting that 2363 MW solar rooftop system was approved, out of which 810 MW capacity projects have been set up. These projects are implemented in residential, industrial, commercial, and educational institutional sectors.

A total of 1,80,908 solar pumps have been sanctioned under solar pump program out of which 1,35,545 solar pumps have been installed till September 30, 2017. The ministry is also in the process of launching a new scheme for solar pumps.

Apart from the member of the consultation committee, senior officials of the two ministries including Power Secretary AK Bhalla and new & renewable energy secretary Anand Kumar were present in the meeting.

This initiative by the government will no doubt prove to be fruitful for India and is expected to spur the growth of the equipment market.