The minister launched the Electrical energy (Modification) Invoice, 2022, for the aim within the Lok Sabha on August 8, 2022, which was despatched to the standing committee for vetting on the identical day.
The committee has not given its report on the invoice. However because the invoice was launched within the Lok Sabha, the brand new authorities should introduce it once more.
“I’ll desk it once more. So, what’s going to occur (upon the passage of the invoice)? There might be a contest, and there might be higher providers. The regulator will repair the ceiling worth. If somebody (operator) asks for Rs 4 per unit and one other 3.5 per unit, you’ll want that (Rs 3.5). So, we tabled the modification. It went to the committee. It’s there solely. I should desk it once more,” Singh stated.
Concerning the bold renewable power goal of 500 GW by 2030, he knowledgeable that India will obtain the goal and has already locked in round 360 GW of renewables, which incorporates 190 GW of operational capability.
“…my put in capability of RE is about 190 GW, I’ve 103 GW underneath development, that makes it 290 GW. I’ve 72 GW underneath bids. So, I’m already at about 360 GW. I’ll attain it earlier than time as I attain all my targets,” the minister stated.