India : J&K on way to have renewable energy corporation

Focus will be to tap solar energy in big way, develop small hydel projects: Sajad Lone

J&K government is all set to establish Renewable Energy Corporation (REC) to harness solar energy in a “big way” and focus on tapping other renewable forms of energy in the state, which is known for its vast hydropower resources.

Minister for science and technology Sajad Gani Lone who had floated the idea some time ago said Chief Minister Mehbooba Mufti has given go-ahead to the proposal for establishing the corporation and the work on it will be started in next two months.

An official said once the corporation comes up it will enable the government to lift borrowing from the market to tap the non-conventional energy resources including solar and wind.

The solar energy generation is yet to start in real sense in the state and the concept is at present limited to home and street lights and lanterns.

Though J&K Energy Development Agency (JKEDA) works as state nodal agency for promotion and development of renewable energy programs and projects, it hasn’t been able to make any impact in the sector, also owing to limitations on raising borrowings from the market.

 

Source : http://www.greaterkashmir.com/news/front-page/j-k-on-way-to-have-renewable-energy-corporation/258169.html

SMART GRID Bulletin August 2017


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