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1 RENEWABLE ENERGY INVESTMENT OPPORTUNITY IN WEST BENGAL.

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Presentation on theme: "1 RENEWABLE ENERGY INVESTMENT OPPORTUNITY IN WEST BENGAL."— Presentation transcript:

1 1 RENEWABLE ENERGY INVESTMENT OPPORTUNITY IN WEST BENGAL

2 2 E LECTRICITY S CENARIO IN I NDIA  I NSTALLED C APACITY : 1,56,000 MW (64.1% T HERMAL, 24.4% H YDRO, 8% R ENEWABLE, 2.7% N UCLEAR )  GDP G ROWTH R ATE : 8% (E LECTRICITY DEMAND INCREASING AT 5%, SUPPLY DEMAND GAP INCREASING AT PRESENT ABOUT 12%)  O NLY 83.1% VILLAGES ARE ELECTRIFIED. (56% HOUSEHOLDS DO NOT HAVE ACCESS TO ELECTRICITY )  P ER C APITA E NERGY C ONSUMPTION IS 736 K W H / YEAR.

3 P ROJECTION FOR E NERGY R EQUIREMENT 3

4 4 E LECTRICITY S CENARIO IN W EST B ENGAL  I NSTALLED C APACITY : 8500 MW (I NCLUDING C ENTRAL S ECTOR ).  V ILLAGES ELECTRIFIED : 99%  H OUSEHOLD E LECTRIFICATION : 46%  P ER C APITA E LECTRICITY C ONSUMPTION : 611 K W H /Y EAR.

5 5 Renewable Energy Portfolio under the Indian Electricity Act, 2003 and SERC order.

6 6 P OTENTIAL OF R ENEWABLE E NERGY IN W EST B ENGAL B IOMASS INCLUDING R ICE H USK W IND P OWER S MALL H YDRO P OWER T IDAL P OWER W ASTE TO E NERGY S OLAR P OWER 400 MW 450 MW 250 MW 100 MW 169 MW MW ** ** W ITH P RESENT L EVEL OF T ECHNOLOGY AND A VAILABLE W ASTE L AND. R OOF TOP S OLAR PV HAS NOT BEEN CONSIDERED.

7 7 INSTALLED (MW) UNDER IMPLEMENTATION (MW) B IOMASS INCLUDING R ICE H USK 5040 W IND P OWER 340 S MALL H YDRO P OWER 3024 T IDAL P OWER -4 W ASTE TO E NERGY -7.5 S OLAR P OWER (PV)730 ACHIEVEMENTS A CHIEVEMENT M ADE S O F AR

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9 9 C OUNTRY ’ S FIRST MW LEVEL G RID C ONNECTED SPV P OWER P LANT UNDER OPERATION IN THE S TATE

10 10 FIRST ROOF TOP GRID CONNECTED SOLAR POWER PLANT AT KOLKATA CITY

11 11 B IOMASS G ASIFIER P OWER P LANT IN S UNDARBAN UNDER O PERATION FOR LAST 10 Y RS

12 12 B IOGAS O PERATED M ICRO T URBINE

13 13 S OLAR PV P OWER P LANT OF C APACITY 50 KW UNDER O PERATION IN S UNDARBAN FOR LAST 12 Y EARS

14 14 S OLAR H OME S YSTEM IN S UNDARBAN. A BOUT 1,50,000 S YSTEMS ARE NOW WORKING IN THE S TATE OF W EST B ENGAL

15 15 C OUNTRY ’ S FIRST S OLAR H OUSING C OMPLEX LOCATED AT N EW T OWN, K OLKATA

16 16  I N ORDER TO HARNESS FULL POTENTIAL THE STATE NEEDS HUGE INVESTMENT.  I N ADDITION THE STATE ALSO ENCOURAGES INVESTMENT IN THE MANUFACTURING OF R ENEWABLE E NERGY PRODUCTS. I N THE RECENT PAST R S 400 C RORE (USD 80 MILLION ) HAVE BEEN INVESTED IN THE STATE ONLY IN THE SPV MANUFACTURING SECTOR. S OME INVESTMENTS HAVE ALSO COME IN THE GREEN B UILDING SECTOR AND LED MANUFACTURING UNITS.  N ATIONAL A CTION P LAN ON C LIMATE C HANGE AND N ATIONAL S OLAR M ISSION WILL OPEN UP MANY MORE NEW INVESTMENT AREAS IN THE STATE OF W EST B ENGAL.

17 17  M INISTRY OF P OWER, G OVERNMENT OF I NDIA HAS ALSO ANNOUNCED DDG SCHEME FOR R EMOTE R URAL I NDIA. S UNDARBAN AREA OF W EST B ENGAL IS IDEALLY SUITED FOR SUCH SCHEME.  R ENEWABLE E NERGY COULD PLAY A MAJOR ROLE IN I NDIA AND IN THE S TATE OF W EST B ENGAL SINCE W EST B ENGAL IS 97% DEPENDENT ON COAL BASED THERMAL GENERATION.

18 18 P ROVISIONS FOR R ENEWABLE E NERGY E A CT 2003  S ECTION 86(1)( E ) : T HE S TATE COMMISSION SHALL “ PROMOTE ” CO - GENERATION AND GENERATION OF ELECTRICITY FROM RENEWABLE SOURCES OF ENERGY BY PROVIDING SUITABLE MEASURES FOR CONNECTIVITY WITH THE GRID AND SALE OF ELECTRICITY TO ANY PERSON, AND ALSO SPECIFY FOR PURCHASE OF ELECTRICITY FROM SUCH SOURCES, A PERCENTAGE OF THE TOTAL CONSUMPTION OF ELECTRICITY IN THE AREA OF DISTRIBUTION L ICENSEE.  S ECTION 61( H ) : T HE APPROPRIATE C OMMISSION SHALL, SUBJECT TO THE PROVISION OF THE A CT, SPECIFY THE TERMS AND CONDITIONS FOR THE DETERMINATION OF TARIFF AND IN DOING SO, SHALL BE GUIDED BY THE PROMOTION OF CO - GENERATION AND GENERATION OF ELECTRICITY FROM RENEWABLE SOURCES OF ENERGY.

19 19 B IOMASS R S 4.00 (9 US CENTS ) PER K W H PLUS 2.5% ESCALATION W IND R S 4.00 (9 US CENTS ) PER K W H S MALL H YDRO R S 3.60 (8 US CENTS ) PER K W H B IOGAS R S 5.00 (11 US CENTS ) PER K W H S OLAR PVR S (33 US CENTS / K W H ) WITH MNRE, GOI / R S (26 US CENTS / K W H ) PLUS ACCELERATED DEPRECIATION BENEFITS (U NDER S EC -32 OF IT A CT ) T IDAL T O BE DECIDED ON CASE TO CASE BASIS  T ARIFF ORDER ISSUED BY SERC WHICH IS UNDER REVISION. R ENEWABLE E NERGY T ARIFF IN THE S TATE OF W EST B ENGAL  RPO TO REACH 10% LEVEL BY 2012.

20 20 I NCENTIVES FOR S OLAR I NDUSTRY  100% F OREIGN I NVESTMENT IS ALLOWED.  C USTOMS AND E XCISE D UTIES : Z ERO OR LOW CUSTOMS & E XCISE DUTY ON MOST ITEMS PRESENTLY USED IN COMMERCIAL PRODUCTION OF S OLAR C ELLS / M ODULES.  C ONCESSIONAL CUSTOM DUTY AND NO EXCISE DUTY ON S OLAR T HERMAL CONCENTRATOR STARLING E NGINES, ETC.  80% ACCELERATED DEPRECIATION IN THE FIRST Y EAR.  T AX - HOLIDAY FOR SETTING UP UNITS IN BACKWARD AND SPECIFIED AREAS AND POWER GENERATION PROJECTS.  G RANT /L OAN SUPPORT.  R&D.

21 21 K EEPING IN VIEW THE ABOVE THE STATE HAS CREATED A NEW C ORPORATION STYLED AS W EST B ENGAL G REEN E NERGY D EVELOPMENT C ORPORATION L IMITED TO ATTRACT INVESTMENT IN THE R ENEWABLE E NERGY AND E NERGY E FFICIENCY S ECTOR. T HE C ORPORATION IS ONE OF THE MOST ACTIVE R ENEWABLE E NERGY O RGANIZATION IN THE COUNTRY.

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