At a press conference at CES 2013, Las Vegas, the President CMAI Association of India, Sh. NK Goyal announced CMAI dedicated initiative for creation of a fund for 500 Mn. USD to promote energy development projects in India. This fund can be used for technology development, Research and Development, Innovations in energy sector and seed capital. CMAI is looking for partnerships, joint ventures, technology providers to empower renewable sector. CMAI will provide one window service to investors and entrepreneurs in this behalf for project identification, studies, evaluation, financing follow up, Government approvals and marketing strategies.
CMAI is looking for new innovative technologies for developing alternative energy, solar, wind, biomass, hydrogen cells, geothermal heat etc. CMAI is also looking for energy efficient technologies and investmentsand manufacturing in India
India has already crossed 1 Trillion Mark for GDP since 2007-08 and isgrowing at 8 percent plus GDP growth. India is expecting 380Bn.investments in infrastructure in next five years.
India EnergyDeficit Country
Briefing about energy needs of India, it was stated that India needs an investment of at least $135 Bn. to provide universal access of electricity to its population as per estimates of International Energy Agency. India is world’s fourth largest energy consumer after United States, China and Russia. The total electricity demand of the Country during the year is 1, 40,090MW of which 1, 25,234 MW is expected to be met, leaving a gap of 14,856 MW as per Central Electricity Authority. The anticipated peak shortage in the Country would be 10.6 per cent.
The per capita average annual domestic electricity consumption in India in 2009 was 96 kWh in rural areas and 288 kWh in urban areas, in contrast to the worldwide per capita annual average of 2600 kWh and 6200 kWh in the European Union. It is expected that with growth rate of 9{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} TPES (Total Primary Energy Supply) requirement for India in 2021- 22 will be around 1192 Mtoe ( Million Tonn Oil Equivalent) which will further increase to around 2043 Mtoe by the year 2031-32.India will add between 600 GW to 1200 GW of additional new power generation capacity before 2050.
India has an installed capacity of 210.936 GW (Nov 2012), which is the world’s fifth largest. Captive power plants generate an additional 31.5 GW. Non Renewable Power Plants constitute 88.55{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} of the installed capacity and 11.45{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} of Renewable Capacity
Indian Government’s initiatives for alternate energy
India has announced several initiatives to promote alternate energy. The National Action Plan on Climate Change announced on 30th June 2008 outlines Indian strategy to enable the Country to adapt climate change and enhance the ecological sustainability of India’s development path. It provides for deployment of appropriate technologies for extensive and accelerated adaptation, and mitigation of greenhouse gases, Innovative market, regulatory and voluntary mechanisms to promote Sustainable Development, National Solar Mission, and National Mission for a Green India.
The Ministry of New and Renewable Energy currently provides capital subsidy of 30 per cent at INR 81 per W and soft loans at 5 {af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} interest across the Country.Additionally, a capital subsidy of 90 {af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} is provided for installation of off-grid solar systems for special category states of North Eastern India, Sikkim, J&K, Himachal Pradesh and Uttarakhand. Separate provision for innovative applications of solarsystems whereby the pilot and demonstration projects can avail a Central Finance Assistanceup to 100 per cent.
Government is committed to support the Solar Energy scale-up while also reducing solar costs. Over 1,600 MW of Power Purchase Agreements(PPAs) have already been signed. Renewable Purchase Obligation (RPO) is being implemented across the Country. Under this Distribution companies and captive consumers will have to source 5{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} to 15{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} over ten years of their energy from renewable sources. Within this, solar-specific RPO of 0.25{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3}, slated to grow to 3{af589cdba9d77786c8c861317dbad60bba1e2ebbf56e2ffab874a1b59fde9ce3} over the same time frame.
Ministry of New and Renewable Energy has set a target to add 20 GW grid-tied Solar Power by 2022 and also addition of 2000 MW decentralized solar systems [off-grid] and an additional aspiration target of 2000 MW.
India promotes Manufacturing in Electronics and Telecom Sector
India has embarked upon a special policy drive to promote electronics manufacturing and Key Objectives set are turnover in ESDM sector of USD 400 Bn. by 2020 involving investment of USD 100 Bn., employment to 28 Mn. people at various levels, achieve global leadership in VLSI, chip design and other frontier technical areas and achieve turnover of USD 55 Bn. by 2020 and increase export in ESDM sector from USD 5.5 Bn. to USD 80 Bn. by 2020.
A Triad of Policies has been announced to drive this. These are – National Policy on Electronics, National Policy on Information Technology, National Telecom Policy.
