IEEFA calls on Rajasthan, Gujarat to strengthen renewable policies
POWER & RENEWABLE ENERGY

IEEFA calls on Rajasthan, Gujarat to strengthen renewable policies

A report by the Institute for Energy Economics and Financial Analysis (IEEFA) urges renewable energy leaders Rajasthan and Gujarat to bolster their policies to sustain growth and propel India’s energy transition. The report recommends implementing green tariffs, green budgeting, and dedicated infrastructure funds to maintain their leadership in renewable energy.

IEEFA Director for South Asia, Vibhuti Garg, emphasised the need for regular assessments to prevent momentum loss. Co-author Tanya Rana highlighted Rajasthan’s lack of a green tariff, contrasting with Gujarat's premium pricing. By establishing green tariffs, Rajasthan could drive renewable demand and investments, while Gujarat could enhance its regulatory framework to avoid deterring consumers.

The report advocates for green budgeting in fiscal planning, helping both states prioritise renewable investments. Despite leadership in distributed solar, it represents only 7% of Rajasthan's and 15% of Gujarat's total capacity. Expanding distributed renewable energy (DRE) would diversify energy sources, reduce dependence on central plants, and boost economic growth.

IEEFA also recommends dedicated infrastructure funds to attract large-scale green energy investments. This multifaceted strategy, combining financial and governance support, is essential for Gujarat and Rajasthan to meet ambitious renewable targets. (ET)

A report by the Institute for Energy Economics and Financial Analysis (IEEFA) urges renewable energy leaders Rajasthan and Gujarat to bolster their policies to sustain growth and propel India’s energy transition. The report recommends implementing green tariffs, green budgeting, and dedicated infrastructure funds to maintain their leadership in renewable energy. IEEFA Director for South Asia, Vibhuti Garg, emphasised the need for regular assessments to prevent momentum loss. Co-author Tanya Rana highlighted Rajasthan’s lack of a green tariff, contrasting with Gujarat's premium pricing. By establishing green tariffs, Rajasthan could drive renewable demand and investments, while Gujarat could enhance its regulatory framework to avoid deterring consumers. The report advocates for green budgeting in fiscal planning, helping both states prioritise renewable investments. Despite leadership in distributed solar, it represents only 7% of Rajasthan's and 15% of Gujarat's total capacity. Expanding distributed renewable energy (DRE) would diversify energy sources, reduce dependence on central plants, and boost economic growth. IEEFA also recommends dedicated infrastructure funds to attract large-scale green energy investments. This multifaceted strategy, combining financial and governance support, is essential for Gujarat and Rajasthan to meet ambitious renewable targets. (ET)

Next Story
Infrastructure Urban

NBCC bags construction order worth Rs 5 Bn

NBCC India said it has bagged a construction order worth Rs 5 billion from the Bureau of Indian Standards. As per the order, NBCC will construct buildings at BIS headquarters in New Delhi, central laboratory, Sahibabad, National Institute of Training for standardisation, Noida, Northern Regional Laboratory, Mohali and Bangalore Branch Laboratory, Bengaluru. On Monday, November 4, the company said its subsidiary Hindustan Steelworks Construction Ltd (HSCL) bagged work orders worth Rs 650 million in Bengaluru. As per the order, Hindustan Steelworks Construction will undertake development work o..

Next Story
Infrastructure Urban

India formally sent LoI to host 2036 Olympics

India took a significant step toward potentially hosting the 2036 Olympic and Paralympic Games. On October 1st, the Indian Olympic Association (IOA) officially submitted a Letter of Intent to the International Olympic Committee's (IOC) Future Host Commission, sources told news agency IANS. This action follows repeated expressions of interest from Indian Prime Minister Narendra Modi, who sees the Games as a potential boon for the nation. "Prime Minister Narendra Modi's vision of hosting the Olympic and Paralympic Games in India in 2036 has taken a significant step forward," a source stated. Th..

Next Story
Infrastructure Energy

NTPC, ONGC collaborate on green energy

In a significant move towards renewable energy, Maharatna PSUs NTPC and ONGC have partnered to form a 50:50 Joint Venture Company (JVC) through their respective green energy subsidiaries, NTPC Green Energy Ltd. (NGEL) and ONGC Green Energy Ltd. (OGL). The collaboration aims to expand their footprint in the renewable energy sector, encompassing a range of green technologies and projects, from solar and wind energy to green hydrogen and sustainable aviation fuel. The formal Joint Venture Agreement was signed on February 7, 2024, during India Energy Week, followed by approvals from the Departmen..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000