Dirty Energy should pay for Clean Energy

Sarkaritel
By Sarkaritel March 27, 2015 15:01

Dirty Energy should pay for Clean Energy


By TN Ashok    Economics Editor

New Delhi, March 27: Power and Coal Minister Piyush Goyal today spoke of a new concept to raise resources, promote alternative technologies and ensure energy security for the country. “Dirty Energy should pay for Clean Energy”, he said.

What he meant was that a cess would be slapped on coal production and it w) ould pay for ushering in new technologies to further clean energy that is in the field of renewable energy.

Goyal, who was chairing a session on Global Interdependence and Energy Security at the Urja Sangram (Energy Conclave) 2015, said coal production was to set to increase to 1.5 trillion tonnes in the next five years adding the energy supplies and energy security of the country.The session was part of Urja Sangram organised by the Ministry of Petroleum and Natural Gas to commemorate 50 years of state owned EIL, OVL and Barauni Refineries.

Coal production is being ramped up three times overall and by the largest producer by state owned Coal India Ltd, by two times. The transparent manner in which coal blocks have now been re auctioned will also lead to enhanced coal production by both the public and private sector companies.

Following this healthy development , he said, electricity production was also set to increase as coal supplies to thermal stations would be more secure now. He also pointed out that goverment’s recent decision to regassify gas based power plants which had been stranded for want of gas from gas fields in the country would help increase electricity production by 73 billion units at a cost of over rs 43,000 crore.

Stranded gas based power plants would now come on stream which meant that about 12,000 MWs of gas based power lying idle would now become additionally available of the existing 21,000 MW of gas based power capacity.

Goyal said the government was also looking at energy conservation and releasing additional capacities thus by re-engineering manufacturing processes. LED bulbs are being introduced on a large scale by the government which would result in peak power demand coming down by as much as 10,000 MW in peak hours.

This results in a saving of a 100 billion units vaued over US $ 7 billion, the minister claimed saying that the cost of LED bulbs had been brought down from almost Rs 310 a piece to Rs 81 over a period of ten months since the Modi government took over. The reason was that the volumes of production would go up substantially to reduce costs of manufacture consequently resulting in lower prices for the bulbs.

Sarkaritel
By Sarkaritel March 27, 2015 15:01