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Current Affairs – 13-12-2017

1.Government issues guidelines for wind power procurement

  • • The guidelines aim to enable the distribution licencees to procure wind power at competitive rates in a cost effective manner.
  • • The guidelines are applicable for procurement of wind power from grid-connected wind power projects (WPP) of 5 MW and above at one site with minimum bid capacity of 25 MW for intra-state projects and individual size of 50 MW and above at one site with minimum bid capacity of 50 MW for inter-state projects.
  • • India has an ambitious target of 175,000 megawatt (MW) of renewable power by 2022, of which 60,000 MW is targeted from wind power. India already has an installed capacity of 32,700 MW wind power.
  • • The key components the guidelines include compensation for grid unavailability and backing-down, robust payment security mechanism, standardisation of bidding process, risk- sharing framework between various stakeholders through provisions like change in law, force majeure, measures in case of default of procurer as also by generator.
  • • After transition of tariff regime from feed in tariffs to bidding route, it was mainly the central government bids through SECI (Solar Energy Corporation of India), which were helping the sector. State bids
    from Tamil Nadu and Gujarat had objections from the wind sector in absence of guidelines

Solar Energy Corporation of India

  • • Solar Energy Corporation of India Ltd. (SECI) is a company of the Ministry of New and Renewable Energy, Government of India, established to facilitate the implementation of Jawaharlal Nehru National Solar Mission.
  • • It is the only public sector undertaking dedicated to the solar energy sector. The company’s mandate has been broadened to cover the entire renewable energy domain and the company will be renamed to Renewable Energy Corporation of India (RECI).
  • • The company is responsible for implementation of a number of government schemes, major ones being the VGF schemes for large-scale grid-connected projects under JNNSM, solar park scheme and grid-connected solar rooftop scheme, along with a host of other specialised schemes such as defence scheme, canal-top scheme, and Indo-Pak border scheme.
  • • In addition, SECI has ventured into solar project development on turnkey basis for several PSUs. The company also has a power-trading licence and is active in this domain through trading of solar power from projects set up under the schemes being implemented by it.
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