Home / Industry / Energy /  Mint EnergyScape: Shipments for solar industry have again started in virus-hit China, says govt official

Mint EnergyScape: Shipments for solar industry have again started in virus-hit China, says govt official

Panel discussion on 'Clean Energy – Emerging technologies and innovations for sustainable energy transition'Premium
Panel discussion on 'Clean Energy – Emerging technologies and innovations for sustainable energy transition'

  • 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

"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

"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

"Once we bring amendments to Electricity Act, Renewable Purchase Obligation (RPOs) will be stringent and all states will be mandated to buy renewable energy, PPAs will be strong enough," says Kumar

"India will be exceeding the renewable energy target of 175 GW by December 2022," says Anand Kumar, Secretary, MNRE

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

"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

"Nowadays, state discoms' financial health is not good, they are looking for cheaper power and cheaper PPAs," says PFC's Sharma

"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

"Coronavirus will not affect ONGC as much as others," says Rajesh Kakkar, Director (Offshore), ONGC

"Funding is not an issue for a viable project," says Sharma when asked if there's enough money available to shift to green energy

"Conventional power will be the mainstay of the economy at least for the next 15-20 years," says Rajeev Sharma, CMD, Power Finance Corp

Last 6-7 years, China has stabilised its coal consumption, says Mishra

Wishing away fossil fuel overnight is not possible: Debasish Mishra, Partner, Deloitte India

What the Power Minister said

“I think if we solve the land problem, we solve the discom problem, the rate of growth of power in our country is going to multiply," says the Power Minister

"If we supply enough electricity, the demand will come"

"Most discoms don't buy enough power because of shortage of cash"

"Manual system of printing electricity bill, serving it will be phased out"

"Sending people every month to read every electricity metre is well nigh impossible"

"Discoms in South India are incurring losses"

"Cumulative losses of most discoms have come down"

"We want to make the world more liveable for our great grandchildren"

"We intend to electrify the economy, which means more and more sectors will shift to electricity than fossil fuels or petrol or diesel. We'll also switch cooking to electricity"

At COP21 in Paris, we pledged 40% of our established capacity will come from renewables by 2030: Singh

"Our vision is that we want to reduce our carbon footprint"

$13 billion spent on strengthening distribution systems: Singh

The CAGR in past five years has been 6.2%, says Power Minister

"India looking at a regional power grid in South Asia"

Before our government came to office, we were a power-deficit country: Singh

We have connected whole country into one grid: Singh

"Load shedding was the norm before the Modi government came into power in 2014," says Power Minister Raj Kumar Singh.

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