Policy to revive hydro power sector on the anvil

Government will soon come up with a proactive hydro power policy to push stalled projects and explore possibility of extending benefits for renewable sources like wind and solar to hydro projects beyond 25 MW.

The decision was taken here at the state power ministers’ conference chaired by the Power, Coal and New and Renewable Energy Minister Piyush Goyal.

“It is resolved to formulate a pro-active comprehensive hydro power policy to revive the hydro power sector. The policy shall also explore possibility of providing benefits of renewable energy to hydroelectric projects beyond 25 MW,” Goyal said today at a press conference after the meet.

The ones of up to 25 MW capacity have been categorised as small hydro power projects and get benefits as renewable energy projects. Hydro power potential in the country has been estimated at about 150 GW, with 50 GW coming from Arunachal Pradesh alone.

Earlier in March, Planning Minister RaoInderjit Singh had told the LokSabha that the planned hydro power generation capacity addition of 4,371 MW out of a total target of 10,897 MW in the 12th Plan will not be complete.

The meeting also discussed contours of the hydro power policy and sought to work out ways of reviving small (25 MW or less) stalled hydro projects with cooperation from the states in a bid to provide new thrust to the sector.

A committee for this has been set up which will submit its recommendations by September-end.

Goyal further said it was also resolved to electrify all remaining un-electrified villages by December this year except in Left wing extremist areas much ahead of the revised deadline of May 1 of 2017.

 Initially, the government had planned to electrify all 18,452 un-electrified villages by May 1 of 2018. States are expected to achieve electrification of 12,300 villages by August 15 of 2016.

Goyal said states have also resolved to achieve 24X7 power for all in their respective states by March 2019, three years ahead of the original deadline of 2022.

He was of the view that there is need to increase consumption and not hike power tariff to make the sector viable.

Source Link: http://www.moneycontrol.com/news/economy/policy-to-revive-hydro-power-sectorthe-anvil-goyal_6886701.html?utm_source=ref_article

May stop funds to states for power scheme irregularities

PANAJI: The Centre will stop funding states that are found indulging in irregularities in procurement of material for its flagship schemes for rural electrification and urban upgradation of power infrastructure, Power Minister Piyush Goyal warned today. 

“I would request states which are not willing to join the common procurement pool to study its benefits, do an apple to apple comparison, compare the specifications (from central pool) to that being procured with your own specifications, compare the prices before you take any decision. 

“Any irregularity found by us at the Centre could actually cause us to stop the funding to the states which indulge in any activity which are not in the best interest of the people of India,” Goyal told the ministers and secretaries of states at a 2-day conference here. 

“DeenDayalUpadhyay Gram JyotiYojana and the integrated power development scheme are largely funding the investments in this roll out of rural electrification and urban upgradation,” he said. 

“We will be watching and closely monitoring the technology and quality of products that are being bought by the states. We will be monitoring the pricing at which these are being bought and transparency with which these are being purchased. 

“Any problems associated with the quality, technology, pricing or corruption that are brought to our notice will be promptly put up on the website (of the ministry),” Goyal said. 

So, it is the choice that different states can make, he said, adding, “If you believe that you can do it better than central procurement, you are welcome. But the strength of this programme is the fact that we are all in it together and we are combining our procurement and…combined requirement helps us to do process more honesty and helps us to keep tab on quality control”. 

During his half an hour long speech, the minister said that Maharashtra had earlier joined the operational efficiency part of UDAY scheme. 

Source Link:
http://economictimes.indiatimes.com/articleshow/52782201.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Northeast Needs Special Attention From Rest Of India

PANAJI:  India’s northeastern states require special attention from the rest of the country, Power Minister Piyush Goyal said today.

“Unless we care for northeast India, we will never be able to change the future of India,” he said, delivering the inaugural address at the two-day conference of state power ministers near Panaji, adding the region requires concern, care, commitment and special attention from everyone.

“I am happy that this conference has developed into a good platform for exchange of ideas and to understand each other’s problems,” he added.

The Union minister also sought the support of the states to stop the menace of power thefts in the country.

Sharing Gujarat’s experience of reduction of power thefts, Mr Goyal said the tariff increase in the state had been the lowest.

“It is not the poor who steal, and it’s the bigger power thefts which make corruption,” he said.

The half-yearly conference is being attended by power ministers and secretaries of the state and Union Territories and senior officials of public sector undertakings of the ministry.

It aims to review implementation of various ongoing schemes, programmes and issues pertaining to the power, coal and renewable energy sectors.

Among other issues, “adoption of energy conservation building codes by states and energy efficient agricultural pumps will be discussed”, a power ministry statement said.

“In the area of renewable energy, state-wise review will be taken on solar power, wind power and small hydro power as well as the compliance of Renewable Purchase Obligations (RPOs) and Renewable Energy Certificates,” it added.

Source Link: http://www.ndtv.com/india-news/piyush-goyal-says-northeast-needs-special-attention-from-rest-of-india-1419964

Companies, big people behind power pilferage

PANAJI: Threatening strict action against those indulging in theft of electricity, Power Minister Piyush Goyal today said it is “industries” as well as “big people” and not the poor who are involved in the pilferage.

“Bribes are offered to linesmen and department officials, and may be politicians are also involved in it,” Goyal said here at the 2-day conference of power ministers of states and Union territories.

He called for taking action against those involved in power theft saying it will benefit the common man.

He said: “I would like to mention that this is not the issue concerning the poor people. Do’t think that you will be politically affected if you take action against the power theft. Poor persons are not involved in the theft. Farmers do’t do it because they get it cheap or free power.

“Maximum theft is in the field of industries and by big people. I feel there is a political benefit in stopping the theft because by doing that you will be able to reduce the electricity bill of the common man.”

He added: “If you do your job honestly and if you are able to convey to people that what you are doing is for their benefit, then I can assure you that politically there is a great benefit in curbing power theft.”

The Union minister also hailed the efforts of Prime Minister NarendraModi during his stint as Gujarat Chief Minister in converting the loss making power sector into a profit yielding one.

“I have learnt this from Gujarat. When Prime Minister NarendraModi was the Chief Minister of Gujarat, in the first year itself he began a crackdown on electricity theft. This was in the year 2002 and Modi faced criticism,” he said.

“Around one lakh FIRs were filed and even BJP workers were put behind bars. But due to that step, Modi managed to improve the power scenario in the state,” Goyal stated.

“The electricity companies in Gujarat were suffering losses of Rs 2,500 crore when Modiji became Chief Minister 14 years ago. Within a short span he was able to convert that loss into a profit, probably in two or three years without increasing power tariff,” the minister said.

“Over the years, the lowest increase in tariff has been in Gujarat and yet it is in profit, making it a self sustaining power sector,” he added.

Source Link: http://economictimes.indiatimes.com/articleshow/52779815.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 

CAF Bill likely to be passed in next Parliament sessio

NEW DELHI: The Compensatory Afforestation Fund (CAF) Bill, which aims to pave the way for “unlocking” of Rs 41,000 crore earmarked for forest land, would be passed in the upcoming session of the Parliament, Power Minister PiyushGoyal said today. 

“CAF Bill got passed in the Lok Sabha. We expect the Bill to be passed in the Rajya Sabha in the next session. 

“In this session it (Bill) could have been passed if there was some cooperation. Four months could have been saved. In four months, more tress could have been planted. But then it’s ok, it’s better to be late than never,” Goyal said during the release of an NTPC coffee table book on bio diversity here today. 

If passed, the CAF Bill, 2015 will pave the way for expeditious utilisation of funds realised for forest land diverted to non-forest purposes in a transparent manner. It will also “unlock” nearly Rs 41,000 crore earmarked for forest land which is lying unspent for about four years. 

Stressing on the rejuvenation of the depleted forest cover, the minister said there is a need to take the country’s valuable forest cover to the level where “our ancestors left it”. 

The mission of the present government is to increase use of clean technologies and renewable energy for power generation, making India the Clean Energy Capital of the world. 

He also emphasised on the need to restore the forest cover through massive tree plantation. 

The minister urged NTPC to increase its tree plantation target and keep a proper record reflecting ownership of the activity. 

He said the power sector in India is focusing on environment sustainability and NTPC has taken a lead by preserving flora and fauna in and around its power stations. 

Goyal congratulated NTPC on its 4,670 MW largest power station at Vindhyachal achieving 100.05 per cent PLF generating 114 MUs in a day yesterday. 

Source Link:
http://economictimes.indiatimes.com/articleshow/52572219.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

India provides huge investment opportunities

SINGAPORE: Seeking to garner investments for its power sector and infrastructure building, India today apprised Singaporean investors of accelerated reforms and new initiatives of the government.

“I do feel that the mood is very favourable for India. They (investors) can see the India story structurally improving. They can see the demand that India provide and to my mind India can look forward to good investments coming from Singapore,” said the Coal, Power and Renewable Energy Minister Piyush Goyal.

Goyal updated investors, including the Government Investment Corp and state owned Temasek, of a wide ranging investment opportunities in India and the government drive towards swift economic development.

“We had a good sessions with investors during the morning,” said Goyal who addressed Deutsche Bank annual economic conference earlier today.

He also accepted Singapore’s invitation to India to raise more funds from the island city’s vibrant financial centre.

He also called on Singapore deputy Prime Minister TharmanShanmugaratnam.

Later in the afternoon, Goyal visited Singapore’s Institute of Technical Education (ITE) and discussed a possible collaboration with ITE in setting up 21 centres across India as part of the government’s “Skill Development” initiative.

Goyal wrapped up the day by addressing some 250 investors on Indian economy and power sector investments.

Goyal was on a one-day visit to Singapore, leading a high- power delegation from the Federation of Indian Chamber of Commerce and Industry (FICCI).

“India needs a massive USD 1 trillion investment for the development of infrastructure over the next five years,” said JyotsnaSuri, the immediate past president of FICCI.

“We are looking at investments across all sectors of the economy,” said HarashavardhanNeotia, FICCI president, who along with Goyal had met with investors at the Deutsche Bank conference.

“We have received a very positive feedback and support from international investors,” said Goyal after a series of meetings during the day-long visit.

“We have had a wide range of discussions with investors,” the minister added.

“There is a new enthusiasm about India among international investors based in Singapore in manufacturing sector, especially in line with Make in India initiative, as well as opportunities in power and renewable energy sector,” said George Abraham, FICCI regional representative in Singapore.

The enthusiasm is further demonstrated by the announcement of Singapore Manufacturing Federation sending delegations to Mumbai and Indore in October this year.

Singapore manufacturing Federation will also be participating in two exhibitions in July, AMTEX in New Delhi and Last Mile Fullfilment India in Mumbai.

“Coming from the manufacturing industry, this augurs well for the Make in India initiative,” Abraham said.

Source Link:
http://economictimes.indiatimes.com/articleshow/52403148.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Government to soon launch campaign to provide electricity connection to all

NEW DELHI: The government will launch a campaign to make it compulsory to provide electricity connection to all, the power minister said. PiyushGoyal also said he favoured subsidies to farmers who constituted only a small portion of the national demand. 

Goyal said the power ministry would soon approach the Union Cabinet to bring amendments to the UjwalDiscom Assurance Yojana (UDAY) to accommodate states that tried privatisingdiscoms but failed. The government is also working on a takeout financing scheme to revive hydropower plants, he said at a conference, explaining the achievements of the ministries under him in the past two years. 

The minister said the campaign, agreed in principle by all states, would ensure electricity connections to all those who apply for it. “Poor people get electricity connection free of cost. But for those who are above poverty line, the amount paid for new connection will be charged through equated monthly instalments in five years. We are working on such scheme and soon launch it,” he added. 

He said the Indian farmer deserved to get low cost power and that he supported cross subsidisation by larger commercial or industrial establishment for other consumers. 

On hydropower, Goyal said the government was looking at each plant in the country and that he would hold meetings with state power ministers in June to assess the required support. 

He said states like Odisha that failed privatising power distribution had evinced interest to be part of the UDAY scheme. Ten states have signed agreements under UDAY, while eight more are likely to join soon. 

Source Link:
http://economictimes.indiatimes.com/articleshow/52369342.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

States sell Rs 100,000 cr of electricity bonds in first 3 weeks

Union Power Minister Piyush Goyal today said within a short span of three weeks the states could sell bonds worth Rs one lakh crore. 

As per the schedule we will have another round of sale of state government bonds and discom bonds backed by state government guarantees this fiscal. We have already sold Rs one lakh crore worth of such bonds. The plan is all made out and from time to time these will be approved by the Reserve Bank as per a set procedure, Goyal said one the sidelines of the convocation of the Tata Institute of Social Sciences here.

On coal availability, he said there was sufficient quantity of stock to the extent that in the past four months the government had to regulate production.

He further said to ensure energy security, the government will cut down coal imports further this year and hope to save about Rs 40,000 crore from this.

So far, 10 states, including those with heavily indebted discoms like Uttar Pradesh, Haryana and Rajasthan, have signed up for the Uday scheme, launched last year to bail out the broke state electricity boards (SEBs). But highly broke SEBs like that of Tamil Nadu which has huge debt of Rs 80,000 crore, has refrained from embracing the scheme.

The scheme envisages the respective states taking over 75 per cent of the SEB dents of Rs 4.3 trillion into their books but will not be calculated as their fiscal deficit. This involves taking over 50 per cent of the short-term liabilities of their respective discoms in FY16 and remaining 25 per cent in FY17.

Uday was launched on November 20 last year to help loss-making power distribution companies in the states to come out of a debt trap of Rs 4.3 lakh crore by March 2016.

In response to the scheme, only 10 states have signed MoUs with the Centre while eight have taken over nearly Rs 99,000 crore, or 50 per cent of their discoms debt by issuing non-SLR bonds on a private placement basis.

Meanwhile, Goyal called upon the institute TISS to conduct training for ministers and bureaucrats in social sciences.

“The TISS should consider training programme in behavioural sciences, ethics and leadership for ministers and other public servants,” he said while addressing the 76th convocation of the premier institute.

TISS was set up by the Tatas in 1936 as the first School of Social Work in the country and became a deemed university in 1964 and is now an autonomous body under the Central government.

Besides the main campus at the northeastern suburb of Deonar, it also has campuses in Hyderabad, Guwahati and Tuljapur. Its Masters programme in HR and Labour Relations is one of the most sought-after programmes in HR in the country.

Source Link: http://www.business-standard.com/article/pti-stories/states-sell-rs-1-trn-of-seb-bonds-in-first-3-weeks-goyal-116050700723_1.html

UDAY bonds: States sell Rs 1 trillion of SEB bonds in first 3 weeks

MUMBAI: Union Power Minister Piyush Goyal today said within a short span of three weeks the states could sell bonds worth Rs 1 trillion. 

As per the schedule we will have another round of sale of state government bonds and discom bonds backed by state government guarantees this fiscal. We have already sold Rs 1 trillion worth of such bonds. The plan is all made out and from time to time these will be approved by the Reserve Bank as per a set procedure, Goyal said one the sidelines of the convocation of the Tata Institute of Social Sciences here. 

On coal availability, he said there was sufficient quantity of stock to the extent that in the past four months the government had to regulate production. 

He further said to ensure energy security, the government will cut down coal imports further this year and hope to save about Rs 40,000 crore from this. 

So far, 10 states, including those with heavily indebted discoms like Uttar Pradesh, Haryana and Rajasthan, have signed up for the Uday scheme, launched last year to bail out the broke state electricity boards (SEBs). But highly broke SEBs like that of Tamil Nadu which has huge debt of Rs 80,000 crore, has refrained from embracing the scheme. 

The scheme envisages the respective states taking over 75 per cent of the SEB dents of Rs 4.3 trillion into their books but will not be calculated as their fiscal deficit. This involves taking over 50 per cent of the short-term liabilities of their respective discoms in FY16 and remaining 25 per cent in FY17. 

Uday was launched on November 20 last year to help loss-making power distribution companies in the states to come out of a debt trap of Rs 4.3 lakh crore by March 2016. 

In response to the scheme, only 10 states have signed MoUs with the Centre while eight have taken over nearly Rs 99,000 crore, or 50 per cent of their discoms debt by issuing non-SLR bonds on a private placement basis. 

Meanwhile, Goyal called upon the institute TISS to conduct training for ministers and bureaucrats in social sciences. 

“The TISS should consider training programme in behavioural sciences, ethics and leadership for ministers and other public servants,” he said while addressing the 76th convocation of the premier institute. 

TISS was set up by the Tatas in 1936 as the first School of Social Work in the country and became a deemed university in 1964 and is now an autonomous body under the Central government. 

Besides the main campus at the northeastern suburb of Deonar, it also has campuses in Hyderabad, Guwahati and Tuljapur. Its Masters programme in HR and Labour Relations is one of the most sought-after programmes in HR in the country. 

Source Link: http://economictimes.indiatimes.com/articleshow/52167652.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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