- Government is eager on lowering electricity rates for consumers by mixing a higher share of solar energy
- Discussions are taking place under MNRE along with discussion with the ministry to evolve the plan
The Ministry of New and Renewable Energy (MNRE) is working on a plan that aims at supplying more solar power into the grid, which in turn would renergise stressed thermal projects.
PTI reported that with solar power tariffs dipping below thermal power, the government is eager on lowering electricity rates for consumers by mixing a higher share of solar energy.
Plan of action
PTC India CMD Deepak Amitabh said to PTI that discussions are taking place under MNRE along with discussion with the ministry to evolve the plan.
The discoms have also been seeking electricity short-term contracts to eliminate the fixed-cost component, the share of which has gone up in their total power cost, according to the report filed.
A recent ASSOCHAM-Grant Thornton study had noted that the country’s power sector was a highly-stressed segment, with loans to the tune of around Rs one lakh crore having turned bad or been recast.