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Home News Power Sector News MSEDCL fined Rs 485 crore for not using renewable energy source

MSEDCL fined Rs 485 crore for not using renewable energy source

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Renewtech-2009A fine of Rs 485 crore was imposed on various power utilities including the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for violating the rule that makes it mandatory to purchase at least five per cent of its energy requirement from renewable sources.Mahesh Zagade, director general of Maharashtra Energy Development Agency (Meda), the state nodal agency for renewable energy, gave this information at Renewtech India-2009' conference being held at the Autocluster in Chinchwad.

Zagade said, "It is mandatory for the electricity companies in the state to use green energy to the extent of five per cent of its total energy requirements. If they fail to do so, they will have to pay a fine which is adjusted against their annual revenue requirements when they file their tariff proposal with the Maharashtra Electricity Regulatory Commission."

Zagade said, "The state has a potential to generate 1,250 MW power through bagasse (fibrous residue of sugarcane). It has set up a venture capital fund called the Urjankur Nidhi' to provide equity to sugar factories to set up bagasse-based power plants. In the next four years we expect to generate 1,000 MW by this method."

At the conference, Walter Stechel, consul general of Germany in Mumbai, said energy efficiency, research and development were the areas for co-operation with India. He said that India has a great potential in infrastructure and energy supply system.

Michael Gessner, deputy minister, ministry of economic affairs and energy, Germany, spoke about German government's plans to reduce carbon emission. He said there were promising opportunities between India and Germany in the field of renewable energy.

Earlier, Gessner emphasised the need to increase investment in energy generation despite prevailing recession. He said that India and China are fastest developing countries and need power for their development. They should avoid making the mistake US and Europe did by making extravagant use of energy. "While it is important to set up new energy generation plants to increase power generation, it is also necessary to use available resources frugally," he stated.

Rohit Modi, president, India business, Suzlon Infrastructure Services Ltd spoke about the problems facing the renewable power generation companies. He said that investment in renewable power generation offered the best returns over a long run.

Meda received the award for best work in renewable power generation' during the conference. Haryana Renewable Energy Development Agency (HAREDA) was the winner in solar energy' category while Jammu and Kashmir Renewable Energy Development Agency was the runner-up. Uttarakhand won in the small hydropower' segment.

More than 40 companies from Germany, England, Austria, USA and other countries apart from India have exhibited their equipment at the three-day exhibition.

Source - Times of India
 

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