MoP considers notification of renewable generation obligation as per revised Tariff Policy 2016

The Ministry of Power (MoP) is considering the notification of renewable generation obligation in accordance with the Tariff Policy, 2016. As per the notification, to promote renewable energy sources, any generating company proposing to establish a coal/lignite-based thermal generation station after April 1, 2024 will be required to establish a minimum 25 per cent re­newable energy generating capacity or procure and supply renewable energy/equivalent to such capacity. The renewable energy/produced by each generator may be bundled with its thermal generation for the purpose of sale. If an obligated entity procures this renewable power, it will be considered towards its renewable purchase obligation to the extent of the power bought from such renewable energy generation stations.