Subject:- Renewable Energy Sources

Topic:- Introduction to Energy Sources

Difficulty:- High

• Government of India had realized the importance of private sector participation to develop infrastructure & meet the power requirements for present short fall and future needs up to 2030AD. In this regard Electricity Act 2003 was a turning point and mode reforms with regard to the following aspects :
• Removed the need for licence for power generation projects.
• Encouraged competition through international competitive bidding.
• Identified transmission of power lines as a separate activity and invited a wider public & private sector.
• Private sector who will develop power capacity more than 1000Mw were given the benefit of tax holiday for 10 years out of 15 years of operation.
• Allowed 100% FDI.
• Selling the bulk power to the grid or other personal.
• Up to 10 Aug 2011, 13761Mw was added by the private sector as compared to planned capacity of 17588Mw in 12th plan. It has achieved about 70% of target.
• There are large number of companies engaged in power sector for eg. Reliance energy, Tada power, Adani power, LANCO, GVK power, RPG group, International china light and power (CLP) Jindal power, Torrento power etc.