May 2, 2015: The achievement of targets was 76.68 per cent, 84.15 per cent and 108 per cent for generation of renewable energy during the last 3 years i.e. 2012-13, 2013-14 and 2014-15 respectively. This was stated by Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy in a written reply to a question in the Lok Sabha.
The Minister further stated that the short-falls during 2012-13 and 2013-14 were under primarily Wind Power and Small Hydro Power Programme due to discontinuation of Accelerated Depreciation (AD) benefit and generation based incentive (GBI) under the Wind Power Sector and delay in obtaining forest area clearances and court cases in some of the states under Small Hydro Sector. With the restoration of AD benefit, generation based Incentives, etc. have resulted in overachievement of target during 2014-15.
The Minister further stated that presently there is a lack of evacuation infrastructure in renewable energy resource rich States. A Green Energy Corridor Project for evacuation of renewable energy from generation points to the load Centers by creating intra-state and inter-state transmission infrastructure is under implementation for the capacity addition by March 2017. The intra-state transmission component of the project is being implemented by the respective states and the Power Grid Corporation of India is implementing inter-state transmission component, the Minister added.