Power minister RK Singh has asked for research and study in green hydrogen to be incorporated in not only the Refining and the Fertiliser industries, but in other industries such as steel, glass, ceramics and heavy mobility.
He said that transition from fossil fuels to green hydrogen is the need of the hour and green consciousness has already emerged in the industry but technology problems need to be resolved.
The minister was speaking at the launch of “Reform and regulatory knowledge base for power sector”, an e certification program to provide regulatory training to the practitioners from diverse backgrounds, through virtual mode. He also launched a Regulatory Data Dashboard which is an e-compendium of data containing State-wise details of tariff and DISCOM performance. They have been developed by IIT Kanpur.
The Regulatory Data Dashboard would assist benchmarking of the sector performance, over time and across the power sector utilities. This would help regulators and policy makers as well as the entities themselves to identify areas for improvement.
Speaking at the event, the Power Minister expressed his appreciation for IIT Kanpur for the initiative. He said that India is preparing itself for the next generation by modernisation, but the process of making our system sustainable is work in progress. Challenges of energy access and supply have been resolved by establishing capacity generation making us a power surplus nation, he added.
Singh further said that we have established one grid for the country and one unified market for power free from long term PPAs. Steps are being taken for strengthening of distribution system. He suggested that let the full cost be reflected in tariff and then the elected governments can provide subsidy based on that.
He emphasized that in the power sector, regulatory framework is the key to sustainability. Regulators exist to maintain a level playing field and at the same time to protect rights of the consumers. He urged that there is great scope for standardisation in regulatory framework by research.
Power Minster added that deliberations of IIT Kanpur with regulators and states to lay down a protocol for forum of regulators would be of great service to the power sector. He further urged for research and development in smart metering, AI based energy accounting and cyber security. AI based energy accounting has been mandated by us, and technologies need to make sense of the big data created from it, he added.
