Lok Sabha Question No. 764 (UNSTARRED), answered on 2019-02-07
Subject: Investment in Energy Sector
Ministry: NEW AND RENEWABLE ENERGY
Asked by: RAMCHARAN BOHARA

## GOVERNMENT OF INDIA MINISTRY OF NEW AND RENEWABLE ENRGY

## LOK SABHA UNSTARRED QUESTION NO. 764

TO BE ANSWERED ON 07.02.2019

## INVESTMENT IN ENERGY SECTOR

## 764. SHRI RAM CHARAN BOHRA

Will the Minister of NEW AND RENEWABLE ENERGY be pleased to state:

- (a) whether the Government proposes to formulate any scheme for investment in the Renewable Energy Sector;
- (b) if so, the details thereof;
- (c) the amount of allocated fund spent on the renewable energy schemes during the last three years;
- (d) if so, the details thereof;
- (e) if not, the reasons therefor;
- (f) the target fixed in terms of Megawatt for the renewable energy production; and
- (g) the total quantity of electricity distributed every year from the said production?

## ANSWER

## THE MINISTER OF STATE FOR NEW & RENEWABLE ENERGY AND POWER (I/C) (SHRI R. K. SINGH)

- (a)  &  (b)  The  Government  is  already  implementing  various  programs/schemes  for  promotion  of  grid interactive renewable energy such as solar, wind, bio-power and small hydro power in the country. The details of major steps taken by the Government to attract investment in the renewable energy sector are as follows:-
- i. Waiver of Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar and wind power for projects to be commissioned up to March, 2022.
- ii. Permitting Foreign Direct Investment (FDI) up to 100 percent under the automatic route.
- iii. Notification of standard bidding guidelines to enable distribution licensee to procure solar and wind power at competitive rates in cost effective manner.
- iv. Declaration of trajectory for Renewable Purchase Obligation (RPO) up to the year 2022.
- v. Implementation  of  Green  Energy  Corridor  project  to  facilitate  grid  integration  of  large  scale renewable energy capacity addition.
- (c), (d) & (e) The details of funds allocated and released as Central Financial Assistance (CFA) for the development of renewable energy schemes in the country during the last three years are as follows:-

(Rs in Cr)

| Year                           |   Fund Allocated at RE stage |   Plan Expenditure |
|--------------------------------|------------------------------|--------------------|
| 2016-17                        |                       4307   |            3870.97 |
| 2017-18                        |                       4040.6 |            3731.91 |
| 2018-19 (up to December, 2018) |                       5105.8 |            3500.5  |

- (f) The Government has set a target of installing 175000 MW of renewable energy capacity by the year 2022 which includes 100000 MW from solar, 60000 MW from wind, 10000 MW from bio-power and 5000 MW from small hydro power.
- (g)  The  details  of  generation  of  electricity  through  renewable  sources  of  energy  during  the  last  three years are as follows:-

| Year                           |   Generation in billion units (BU) |
|--------------------------------|------------------------------------|
| 2016-17                        |                              81.54 |
| 2017-18                        |                             101.83 |
| 2018-19 (up to December, 2018) |                              97.92 |