Govt proposes power projects through PPP
For the first time in its history, Goa has hopes of its own power plant/s with the draft ‘Goa Investment Policy’ planning to generate power from conventional and non-conventional sources through public private participation (PPP).
With the aim to meet the future power needs of the State, the government is proposing to set up power projects in the State at concessional rates. The draft ‘Goa Investment Policy’ has proposed to formulate a comprehensive policy to promote generation of energy from non-conventional to conventional sources by providing incentives to the investors and power entrepreneurs.
“The national solar mission aims to promote development and use of solar energy for power generation with the ultimate objective of making solar energy competitive with fossil-based energy options. Goa has huge solar power potential and therefore the land can be made available for setting up of such power projects at concessional rates, besides other incentives,” the policy states.
A guidelines for generation of electricity from biomass, wind and solar sources of energy, would be also formulated, the policy states. “Goa is a power surplus State and has a strong transmission and distribution network, which is being further modernised. The government has already reduced the tariff by about seven per cent,” the draft policy states.
Goa requires 450 MW of power, of which 400 is allocated by the Centre and 50 MW managed by State. The lack of power availability has been one of the major hindrances for industrial development. [H]