5 min read.Updated: 02 Mar 2020, 08:36 PM ISTLivemint
Conventional power will be the mainstay of the economy at least for the next 15-20 years, said Rajeev Sharma, CMD, Power Finance Corp at the Mint event
'Amendments to Electricity Act might be the panacea for the ills besetting the solar industry,' said Neeraj Menon, partner, Trilegal
The Mint EnergyScape focused on how India’s energy mix is undergoing an unprecedented makeover. The country’s energy play has encouraged energy firms to recalibrate their strategies to align themselves with the emerging contours of a green economy even as they grapple with improving efficiencies and controlling costs. The conclave will address the critical issues and underlying challenges associated with this transition, while exploring some of the best practices and solutions in clean energy that can work for the Indian sector; impact of policies on the Indian market and making renewable energy accessible for energy consumers and producers. India’s power and new and renewable energy minister Raj Kumar Singh will outline his vision for the country’s energy sector, as he delivers the keynote address at the event.
Mint’s EnergyScape was attended by thought leaders and experts who will deliberate on these issues for ensuring reliable and uninterrupted power supply to households, at a time of government’s focus on improving energy access and India’s growth imperatives. The conclave will also seek to generate answers to the challenges in meeting the emerging energy needs of India.
The panel on Conventional Energy had Rajesh Kakkar, Director (Offshore), ONGC; Rajeev Sharma, chairman and managing director, Power Finance Corp. Ltd; Debasish Mishra, partner, Deloitte India; Reji Kumar Pillai, president, India Smart Grid Forum and chairman, Global Smart Grid Federation and Akshay Jaitly, partner, Trilegal.
The second panel, on Clean Energy, had Anand Kumar, secretary, ministry of new and renewable energy; Upendra Tripathy, director general, International Solar Alliance; Dr. R.B. Grover, member, Indian Atomic Energy Commission; Amplus founder and managing director Sanjeev Aggarwal; Amit Jain, senior energy specialist, World Bank; and Neeraj Menon, partner, Trilegal.
The panel discussions were moderated by Mint’s Utpal Bhaskar.
Here's everything that happened at the event :
Key takeaways from a panel discussion on "Clean Energy – Emerging technologies and innovations for sustainable energy transition"
"Storage is going to be the key for future. Giga-sized factories will be a reality," says Kumar
"Shipments for solar industry have again started in coronavirus-hit China," says Kumar
“We were very clear in mind, as a ministry, that we should not put India’s energy security at risk at any point of time," says Anand Kumar, Secretary, MNRE
“We are planning to form a global taskforce and technology research and development, that is where India can play a tremendous role: Upendra Tripathy, Director General, International Solar Alliance at the #MintEnergyscape
"Currently Pakistan is not among the 121 countries who are signatories. As a member of United Nations they can apply to join International Solar Alliance," says Upendra Tripathy, Director General, International Solar Alliance
"In a couple of years, commoditization of solar power will happen where you'll go to a mall and buy a rooftop solar panel with multiple brands to choose from," says Amit Jain, Senior Energy Specialist, World Bank Group
“Starting from 90s to even now, globally about 81 per cent of energy we get from fossil fuel and we have to move more and more towards clean technologies: Dr. R B Grover, Member, Indian Atomic Energy Commission at the #MintEnergyscapepic.twitter.com/ugLR4HqVVh
"Amendments to Electricity Act might be the panacea for the ills besetting the solar industry," says Neeraj Menon, partner, Trilegal
“As we keep on producing more and Renewable Energy, we have to find out uses for consuming this energy," says Sanjeev Aggarwal, Founder & MD, Amplus
"In Fukushima, there were no deaths because of radiation," says Dr R.B. Grover, member, Indian Atomic Energy Commission
“What we are generally, as an industry, excited about is the future vision which we clearly see from the government perspective, is renewable energy: Sanjeev Aggarwal , Founder & MD, Amplus at the #MintEnergyscape
“Internationally, more and more RE power capacity would come in future and it would be led, in my opinion, by solar. It will be led by solar because technology is being perfected, rates are coming down and sun shines everywhere: Anand Kumar, Secretary, MNRE at #MintEnergyScapepic.twitter.com/dZUJqzCYtu
Key takeaways from the panel discussion on "Conventional Energy: Towards an efficient and an environmentally safer journey – challenges and the way ahead"
"Even though solar power is being generated at ₹3 per unit the consumer is ending up paying ₹8 per unit," says Mishra
"We have 75% of power coming from coal. The fuel inflation is 5% every year. Renewables as a whole are not contributing more than 10%. Lack of recovery from agriculture and AT&C losses are something the paying consumer is saddled with" says Mishra when asked why consumer is paying even though power generation is getting cheaper
“Odisha started and then Delhi followed up, then we had the distribution franchise experience; politically it was very difficult to go all out on a privatization exercise," says Mishra
“Can’t say UDAY (Ujwal DISCOM Assurance Yojana) didn’t work...there were mixed results: Rajeev Sharma, CMD, Power Finance Corporation at the #MintEnergyScape
"We believe transmission grid is fairly stable and more advanced than many of the developed countries," says Reji Kumar Pillai, president, India Smart Grid Forum
"State governments should pay dues," says Sharma
“Price of gas has to be for long term, need to have long term contracts, so states are coming forward to sign PPAs: Rajeev Sharma, CMD, Power Finance Corporation at the #MintEnergyScapepic.twitter.com/MoRsEFj6Am
"With crude below $50 per barrel, it might help our economy but many industries will face supply chain crisis. The advantage of cheaper commodity prices will also bring the headwind of a global recession." says Mishra