Fiinovation Reviews India Plans to Boost Renewable Energy by Implementing Stalled Hydro-Electric Projects

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Fiinovation Reviews India Plans to Boost
Renewable Energy by Implementing Stalled
Hydro-Electric Projects

• Fiinovation, Fiinovation Delhi

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• India's plans for renewable energy sector are
  ambitious requiring huge investments within a
  short span of time.
• Looking at the urgent need of funds, India has
  already opened up the sector for foriegn
  investments and is looking to boost renewable
  energy equipment manufacturing at home.
• During the Paris Climate Summit, India along with
  France launched the International Solar Alliance
  of more than 100 sun shine countries who will
  working together to generate solar energy and
  reduce dependency on coal.
• This move is in best interest of our planet as
  the aim is to significantly reduce the carbon
  emissions.

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• Fiinovation reviews that not just the solar
  power, but other renewable energy sources are
  also being focused upon.
• Not only the centre, but even the states are keen
  on boosting renewable energy generation.
• With states such as Himachal, Jammu Kashmir,
  Uttarakhand willing to boost hydro power
  generation in their respective states, the
  central government has asked the Niti Aayog to
  submit a report on the stalled hydroelectric
  power projects that have held up large
  investments.
• Fiinovation reviews this move is in context with
  the government aim to provide 24x7 electricity
  across the country.

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• Fiinovation understands that India has wants to
  achieve 175 GW of renewable energy by 2022 that
  includes 5 GW of small hydro power (25 MW
  capacity hydro projects).
• Focusing on the stalled and delayed projects will
  help the government analyse the reasons behind
  the delay or stalling up of the projects.
• Fiinovation reviews that as per the 12th Plan the
  proposed hydro capacity addition is 10,897 MW,
  whereas till December 2015 only 3,651 MW actual
  capacity was added.
• This is just 33 percent of what has been proposed
  under the 12th Plan.

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• Fiinovation reviews that the development in the
  Himalayan belt slowed down after the 2012 floods
  as the states put new permits on hold.
• The environment clearances in the eco-sensitive
  zone is one major hurdle in the development
  process.
• However, apart from the risks, hydro power
  continues to emerge as a long term alternative
  with economic benefits to the nation.

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• lot of hydel power investments are going to the
  North East as the transmission corridor through
  Bangladesh is attracting private investments.
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• Let's us hope that speed of these developments
  keeps increasing with collaboration between
  nations and private players.

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Thank you

• Fiinovation.co.in