#REINVEST2020 Programme: Session Details


Friday, 27 Nov, 2020 1130 - 1300 IST Virtual Session Coordinators

Solar Power: The Future of Solar Energy

Mr Amitesh Kumar Sinha, Joint Secretary
amitesh.ks@gov.in
Ms Bincy Alex
bincy.alex@cii.in

Decentralised and distributed renewable energy solutions including solar powered irrigation can significantly contribute towards decarbonising electricity generation without any additional investment on transmission infrastructure.

India’s Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), a flagship scheme of the Ministry of New and Renewable Energy (MNRE) is a transformational initiative and offers central financial to the tune of INR 34,222 Crores with a target installation of 30.5 GW. KUSUM aims to expand the energy access to marginal farmers, energy independence for grid connected agricultural consumer and provide an additional source of income to the farmers. It has three components.

  • Component–A is for installation of small solar plants upto 2 MW capacity on barren/fallow land of farmers. Farmers will be able to sell power generated from small RE plants to DISCOMs at a pre-determined rate fixed by the Regulator. 10 GW capacity has been kept as a target for which DISCOMs will get Procurement Based Incentive.
  • Component-B is for replacement of 2 million diesel pumps by standalone Solar Powered Agriculture Pumps for which 30% subsidy each by state and central Government will be provided.
  • Component-C is for solarisation of 1.5 million Grid-connected solar powered agriculture pumps which will enable farmers to get reliable day time power and sell surplus solar power to grid at a pre-determined rate fixed by the regulator. 30% Subsidy each by state and central Government will be provided. Higher central subsidy of 50% for special category states/UTs has been provided for Component B and C of the scheme. In order to eliminate subsidy burden of the states and to minimize losses of Discoms, a new provision has been included under Component-C to solarize agricultural feeders in place of solarization of individual pumps. Investment made on this will be recovered in 4-5 years.

Further, in a move to make PM-KUSUM financially viable the Reserve Bank of India (RBI) has included all three components of PM-KUSUM under priority sector which will help farmers in getting loan from local banks. Component B and C have been included under the eligible category under Agricultural Infrastructure Fund (AIF) which will facilitate farmers to get loan at concessional rate.

The session will deliberate upon opportunities and challenges for unlocking higher solar farm returns, promotion of Agro-PV and ways to facilitate farmers for availing cheaper loans from Banks. 

Discussion Points

  • Furthering a conducive ecosystem for solarizing agriculture
  • Key steps to enhance returns to farmers
  • Examining the regulations
  • Role of different governmental bodies in supporting farmers
  • Lessons from India to the world

Amitabh Kant

Amitabh Kant

CEO
NITI Aayog

Amit Jain

Amit Jain

Senior Energy Specialist
World Bank

Bhanu Mehrotra

Bhanu Mehrotra

Sector Lead
International Finance Corporation

Chetan Singh Solanki

Chetan Singh Solanki

Professor
IIT Bombay

Gauri Singh

Gauri Singh

Deputy Director-General
International Renewable Energy Agency

JATINDRANATH SWAIN

JATINDRANATH SWAIN

CMD
SECI/ MNRE

Manu Srivastava

Manu Srivastava

Principal Secretary
Government of Madhya Pradesh

PRAVEER SINHA

PRAVEER SINHA

CEO & MD
THE TATA POWER COMPANY LTD

Sumant Sinha

Sumant Sinha

Chairman & MD
ReNew Power Pvt Ltd