According to the 11th New and Renewable Energy five-year plan recently proposed by the government of India, from 2008-2012 the renewable energy market in India will reach an estimated US $19 billion. Investments of US $15 billion will be required in order to add the approximately 15,000 megawatts (MW) of renewable energy to the present installed capacity. The government of India has planned a subsidy support system of approximately US $1 billion in government funds. This amounts to adding renewable energy capacity at 1 Watt per US $1, with potential subsidy support of US $0.07/Watt.
The Indian government by 2012 expects renewable energy to contribute 10% of total power generation capacity and have a 4-5% share in the electricity mix. This implies that growth in renewable energy will occur at a much faster pace than traditional power generation, with renewables making up 20% of the 70,000 MW of total additional energy planned from 2008-2012.
Financial assistance is available in various forms, such as direct installation subsidy, feed-in tariffs, tax rebates, and low interest loans. Increasingly Indians are seeing a shift away from subsidizing installed capacity and towards subsidizing power generation with feed-in tariffs and tax rebates. For example, wind energy developers can take 80% accelerated depreciation, sales tax exemption, excise duty exemption and income tax exemption for up to 10 years. Preferential tariffs are being worked out at the state level. While the new framework for supporting renewable energy generation is evolving, most of the direct subsidy has thus far been designed for installed capacity.
The Ministry of New and Renewable Energy in India has also provided funds for town and city level renewable energy planning. This local information infrastructure, comprising of local awareness, urban design, laws and smooth functioning processes, is an important step towards integrating renewable energy into economic life, and improving power delivery in the last kilometer. In addition to improving investment opportunities, this may also bring about greener, better designed and less polluted cities. With the expected growth in this sector, the availability of technically trained personnel may become a hurdle for further growth in the coming years. Thus, an opportunity exists for educational and training institutions to introduce new courses, curricula, and training for students to work in this emerging job market in urban and rural areas.
This move from the Indian government is a very wise move considering the increasing global warming threats. It will surely help to improve the energy shortage and reduce pollution.
Showing posts with label energy. Show all posts
Showing posts with label energy. Show all posts
Sunday, April 20, 2008
Sunday, April 13, 2008
Navtej Kohli on Geothermal Energy
Navtej Kohli President and CEO of Granox Explorations has given an insinuation of Granox's policy transformation from Exploration to Sustainable Energy productions.
In a seminar on Geothermal Energy Generation at Kent, he said that he has a vision for Granox to become world's largest producer of geothermal energy, a renewable resource that captures the natural power of steam from the earth to generate electricity while producing almost no greenhouse emissions.
Mr. Navtej Kohli said. "The only resource unavailable in Kent is geothermal energy. All other technologies and resources are available and overall renewable energy technologies are in a period of rapid global growth and cost reduction. For similar development in Kent, as seen across Europe and the world, there is an initial need for public demonstration and acceptance." He added.
Once the first successful demonstrations of the more innovative technology have been delivered in Kent there is an opportunity to replicate a greater number of more commercial installations in the medium term.
In a seminar on Geothermal Energy Generation at Kent, he said that he has a vision for Granox to become world's largest producer of geothermal energy, a renewable resource that captures the natural power of steam from the earth to generate electricity while producing almost no greenhouse emissions.
Mr. Navtej Kohli said. "The only resource unavailable in Kent is geothermal energy. All other technologies and resources are available and overall renewable energy technologies are in a period of rapid global growth and cost reduction. For similar development in Kent, as seen across Europe and the world, there is an initial need for public demonstration and acceptance." He added.
Once the first successful demonstrations of the more innovative technology have been delivered in Kent there is an opportunity to replicate a greater number of more commercial installations in the medium term.
Thursday, February 28, 2008
Navtej Kohli reviews a calculator of another type!
While surfing through the net, I stumbled across a calculator on BBC website - An Electricity Calculator for UK. The speciality of this calculator is that it allows anyone to see the impact of their electricity decisions on UK electricity prices and carbon emissions for the year 2020. As a person from energy field, I always thought that we should have a tool that would give us an idea of how our decisions will affect fuel and electricity prices and air quality. The BBC online electricity calculator brought this idea into realization.
Before you proceed on reckoning the electricity prices and carbon emissions, you'll have to read the preface that says "Could you make the tough decisions needed to keep the UK's lights on in 2020, while balancing environmental concerns and cost? Try our electricity calculator to find out." In the calculator, you will be given choices through sliders where you need to freeze upon fuel options like more or less fossil, nuclear, renewable fuels? and your consumption demands to find out the potential impact on electricity prices and c-emissions.
Here is a snapshot of the electricity calculator that you can use to find out energy needs and its probably impact as a forcast.
In an another venture yesterday, Matt Presscots, E-Day (Energy Saving Day) went successful...It w'd be premature to say, I am waiting for the data to be posted on National Grid website. but yet again, many organizations from all sectors of society in United Kingdom have contributed to tackle climate change. They have been prepared to see what they can do to simplify potential solutions for the climate change.
This move will also help the National Grid, in a way that they would be able to monitor how much difference it makes to the consumpiton. A part of National Grid's job is to predict the demand for electricity and by comparing demand across the 24 hours of Energy saving day, they could be able to measure whether the initiative has made much difference. All in all, its a good way to raise awareness for energy saving.
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Navtej Kohli
Navtej Kohli PrWeb | Navtej Kohli Emedia | Navtej Kohli Yahoo News! Navtej Kohli Word Press | Navtej Kohli Careers | Navtej Kohli SeoMoz | Navtej Kohli Livejournal
Before you proceed on reckoning the electricity prices and carbon emissions, you'll have to read the preface that says "Could you make the tough decisions needed to keep the UK's lights on in 2020, while balancing environmental concerns and cost? Try our electricity calculator to find out." In the calculator, you will be given choices through sliders where you need to freeze upon fuel options like more or less fossil, nuclear, renewable fuels? and your consumption demands to find out the potential impact on electricity prices and c-emissions.
Here is a snapshot of the electricity calculator that you can use to find out energy needs and its probably impact as a forcast.
In an another venture yesterday, Matt Presscots, E-Day (Energy Saving Day) went successful...It w'd be premature to say, I am waiting for the data to be posted on National Grid website. but yet again, many organizations from all sectors of society in United Kingdom have contributed to tackle climate change. They have been prepared to see what they can do to simplify potential solutions for the climate change.
This move will also help the National Grid, in a way that they would be able to monitor how much difference it makes to the consumpiton. A part of National Grid's job is to predict the demand for electricity and by comparing demand across the 24 hours of Energy saving day, they could be able to measure whether the initiative has made much difference. All in all, its a good way to raise awareness for energy saving.
Read More
Navtej Kohli
Navtej Kohli PrWeb | Navtej Kohli Emedia | Navtej Kohli Yahoo News! Navtej Kohli Word Press | Navtej Kohli Careers | Navtej Kohli SeoMoz | Navtej Kohli Livejournal
Sunday, February 10, 2008
Europe needs to spend €2 trillion on upgrading power networks
Europe faces an energy crisis, with large companies cancelling investments in new power plants because of regulatory uncertainty and difficulties in obtaining planning approval.
It is a delay the region cannot afford - Europe needs to spend $3.7 trillion on upgrading power networks in the next 25 years.
Johannes Teyssen, the chief operating officer at Germany's biggest power group, said the European Commission's plans to make companies pay for all their pollution permits from 2013, long delays in approving applications and confusion among national regulators were to blame for the cancellations. Dr Teyssen, the European vice-chairman of the World Energy Council, said: "We see now every week a new investment project being cancelled across the EU."
It is a delay the region cannot afford - Europe needs to spend $3.7 trillion on upgrading power networks in the next 25 years.
Johannes Teyssen, the chief operating officer at Germany's biggest power group, said the European Commission's plans to make companies pay for all their pollution permits from 2013, long delays in approving applications and confusion among national regulators were to blame for the cancellations. Dr Teyssen, the European vice-chairman of the World Energy Council, said: "We see now every week a new investment project being cancelled across the EU."
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