Unfolding the aforesaid declaration at a Conference on “Wind Power in India-Current Scenario, Opportunities and Road Ahead” under aegis of PHD Chamber of Commerce and Industry here today, its Joint Secretary, Varsha Joshi ruled out funding initiatives for research and development activities from public fund for creating energy storage facilities for clean energy stating that such initiatives would be too much expensive at this point of time.
She, however, informed that certain agencies internal and external are currently investing on energy storage facilities from their own investments and the government is monitoring these and if favourable results follow in this direction during next few years, the government might jump into this initiative with public money.
Elaborating on wind, solar hybrid combination initiative, Joshi said that the Prime Minister has been talking about it from day one and therefore, the ministry has been concentrating on it with the objective that if 100% industry’s support is drawn towards it, a definitive policy document will be drafted in this direction as currently the stakeholders involved for this initiative are themselves not clear headed.
The renewable sector has been showing promises especially in its wind segment in a State such as Rajasthan, Madhya Pradesh, Andhra Pradesh and Karnataka with Gujarat bouncing back on it, however, has begun to receive huge investment commitments from economies of scale, without committing the estimated amount, she pointed out.
“Issues relating to signing of PPAs for wind energy in various states are being resolved faster and efficiently and the ministry is under pressure from central electricity authority including Power Grid Corporation of India for greater clarity for creating transmission network to distribute wind energy to the intended stakeholders”, she observed.