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Fiinovation Reviews India Plans to Boost Renewable Energy by Implementing Stalled Hydro-Electric Projects

Fiinovation reviews that the development in the Himalayan belt slowed down after the 2012 floods as the states put new permits on hold.<br>

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Fiinovation Reviews India Plans to Boost Renewable Energy by Implementing Stalled Hydro-Electric Projects

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  1. Fiinovation Reviews India Plans to Boost Renewable Energy by Implementing Stalled Hydro-Electric Projects Fiinovation, Fiinovation Delhi

  2. India's plans for renewable energy sector are ambitious requiring huge investments within a short span of time. • Looking at the urgent need of funds, India has already opened up the sector for foriegn investments and is looking to boost renewable energy equipment manufacturing at home. • During the Paris Climate Summit, India along with France launched the International Solar Alliance of more than 100 sun shine countries who will working together to generate solar energy and reduce dependency on coal. • This move is in best interest of our planet as the aim is to significantly reduce the carbon emissions.

  3. Fiinovation reviews that not just the solar power, but other renewable energy sources are also being focused upon. • Not only the centre, but even the states are keen on boosting renewable energy generation. • With states such as Himachal, Jammu & Kashmir, Uttarakhand willing to boost hydro power generation in their respective states, the central government has asked the NitiAayog to submit a report on the stalled hydroelectric power projects that have held up large investments. • Fiinovation reviews this move is in context with the government aim to provide 24x7 electricity across the country.

  4. Fiinovation understands that India has wants to achieve 175 GW of renewable energy by 2022 that includes 5 GW of small hydro power (25 MW capacity hydro projects). • Focusing on the stalled and delayed projects will help the government analyse the reasons behind the delay or stalling up of the projects. • Fiinovation reviews that as per the 12th Plan the proposed hydro capacity addition is 10,897 MW, whereas till December 2015 only 3,651 MW actual capacity was added. • This is just 33 percent of what has been proposed under the 12th Plan.

  5. Fiinovation reviews that the development in the Himalayan belt slowed down after the 2012 floods as the states put new permits on hold. • The environment clearances in the eco-sensitive zone is one major hurdle in the development process. • However, apart from the risks, hydro power continues to emerge as a long term alternative with economic benefits to the nation.

  6. lot of hydel power investments are going to the North East as the transmission corridor through Bangladesh is attracting private investments. • Let's us hope that speed of these developments keeps increasing with collaboration between nations and private players.

  7. Thank you Fiinovation.co.in

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