New Delhi, India – November 7, 2023
The Conference of Power and NRE (New and Renewable Energy) Ministers of States and Union Territories entered its second day at the prestigious Bharat Mandapam in New Delhi. The conference, presided over by the Hon’ble Minister of Power and NRE, Shri R. K. Singh, has brought together leaders and experts from across the country to discuss and deliberate on crucial matters concerning the nation’s power and energy landscape.
As the second day of the conference commenced, participants were eager to delve into a range of topics that hold the key to shaping India’s energy future. The agenda for today included discussions on some of the most pressing issues and initiatives driven by the Government of India.
Pump Storage Projects (PSPs):
One of the highlights of the day was the discussion on Pump Storage Projects (#PSPs). These projects play a pivotal role in energy storage and grid stability. By using excess electricity during periods of low demand to pump water to an elevated reservoir and releasing it during high demand, PSPs help in balancing the grid and ensuring uninterrupted power supply. The participants explored the potential of PSPs, their role in reducing dependency on fossil fuels, and their contribution to a greener and more sustainable energy future.
National Transmission Plan:
Efficient transmission of electricity across the nation is critical for ensuring that power generated reaches every corner of India. The National Transmission Plan was a significant topic of discussion during the conference. Ensuring that the country has a robust transmission network that can efficiently handle the power generated, including from renewable sources, is vital to achieving the ambitious goals of the power and NRE sector.
Implementation of Rights of Electricity Consumers:
Empowering and protecting the rights of electricity consumers is a priority for the Government of India. The conference addressed the importance of implementing the Rights of Electricity Consumers, which includes provisions for reliable and quality supply, transparent billing, and timely grievance redressal. This focus on consumer rights is part of a broader effort to improve the overall power sector in the country.
Carbon Markets:
India is actively participating in global efforts to combat climate change. One of the strategies in this endeavor is the development of carbon markets. The conference explored the potential and challenges of carbon markets, which provide a financial incentive for reducing greenhouse gas emissions. By creating a market for carbon credits, India can encourage clean and sustainable practices in various sectors.
State-Level Committee on Energy Transition and the Role of States in E-Mobility:
Another key topic of the day was the State-Level Committee on #EnergyTransition. India’s transition to cleaner and more sustainable energy sources is a collective effort, and states play a vital role in this transition. The discussions revolved around the strategies, policies, and initiatives that different states can undertake to drive the adoption of renewable energy sources and facilitate the transition to electric mobility.
The Role of States in #EMobility also took center stage. Electric mobility, including electric vehicles and charging infrastructure, is an integral part of India’s sustainable transportation future. States can significantly contribute to the growth of this sector by implementing supportive policies and creating a conducive environment for electric mobility adoption.
The discussions and deliberations during the second day of the conference were marked by a spirit of collaboration, with participants acknowledging the importance of state-level initiatives and their collective role in shaping India’s energy landscape. The conference underlined the significance of aligning state-level policies with the national agenda to ensure a clean, green, and sustainable energy future for the country.
As the day drew to a close, it was evident that the Conference of Power and NRE Ministers of States and Union Territories served as a vital platform for meaningful conversations and strategic planning, as India continues its journey towards a more sustainable, resilient, and consumer-centric energy ecosystem. The insights and outcomes from this conference are poised to play a pivotal role in charting the course for India’s energy future in the years to come.