Renewable Energy: Opportunities,
Regulatory Environment & Forthcoming
Initiatives
S.P. Gon Chaudhuri
Managing Director
West Bengal Green Energy Development Corporation Ltd.
(WBGEDCL)
Outlook in South Asia
• In South Asia, largely dependency on biomass energy
• Biomass energy is the most reliable and cheap source
• The relative share of traditional sources vary from one third
(India) to 90 percent (Nepal)
• It is estimated that fuel-wood availability would continue without
any shortage up to 2020
Outlook in South Asia…
• There is huge potential of other renewable sources as well.
• sBangladesh, India and Sri Lanka are rich in solar and Biomass
potential.
• Being the Sun Belt, Pakistan is ideally located to take advantage
of Solar Energy Technology.
• However, most of the potential remained untapped
Wind power potential of India is about
50,000 MW excluding off-shore
Bhutan, Nepal and also part of India are rich
in small hydro resources. (50,000MW)
Besides there is a potential of 15 million cattle dung and night soil
based biogas plants and over150 million improved chulhas (stove)
in the region
Major issues and barriers
• Poor policy and planning are major barriers in making proper
utilization of available resources.
• Lack of Local level policy (since the potential of each renewable
resources is highly dependent on local conditions)
• RE technologies need higher budgetary support to meet the
initial capital cost: but governments are not able to support fully
• The high cost of these sources does not attract the market on
demand side
Effective Policy Instruments
• Renewable plants provide a range of environmental and social
benefits
• They also contribute significantly to local employment (green
job) and add to nation’s energy security. Hence support to
renewable is a must
• Support for Renewable Energy is needed as long as technologies
are still developing and market prices for non renewable energy
do not reflect their full costs to society due to subsidies and
external costs.
Example of Support Policies:• A tax on conventional power to create “Green Energy Funds” as has
been implemented in Maharashtra should be replicated in other states.
• Soft Loans for Renewable Energy Infrastructure creation may be given
from the “Green Energy Funds”.
• Declaration of RPO (Renewable Energy Portfolio) obligation by all the
states.
• Special incentives for certified green buildings.
• Implementation of all Renewable Energy Programme in Mission Mode.
• Declaration of appropriate “Feed in Tariff ” for Solar and Wind power.
• Setting high, long-term targets for wind and solar power- 150,000 MW by
2030.
• Present energy pricing and other measures do not support growth of
renewable.