The Policy for Promoting Electricity Generating from New and Renewable Sources in Tripura.
As per the provisions of the Electricity Act, 2003, and the National Electric Policy, 2005, the Government of Tripura is committed to promoting generation of electricity through new and renewable energy sources in the state. In order to achieve this objective, the Government has formulated a policy for promoting generation of electricity through new and renewable energy sources in Tripura.
The policy aims to provide a framework for setting up projects for generating electricity through new and renewable energy sources in Tripura. It also provides fiscal and financial incentives for such projects.
The objectives of this policy are as follows:
- To promote generation of electricity through new and renewable energy sources in Tripura.
- Provide a framework for setting up projects for generating electricity through new and renewable energy sources in Tripura.
- To provide fiscal and financial incentives for such projects.
For the purpose of this policy, the following definitions shall apply:
- “New and Renewable Energy Sources” means solar, wind, biomass, small hydro, geothermal, ocean (tidal, wave, and thermal), municipal solid waste, and other unconventional energy sources including fuel cells;
- “Solar Power” means power generated from solar photovoltaic cells or solar thermal collectors;
- “Wind Power” means power generated from wind energy;
- “Biomass Power” means power generated from biomass;
- “Small Hydro Power” means power generated from small hydroelectric plants with a capacity of up to 25 MW;
- “Geothermal Power” means power generated from geothermal energy;
- “Ocean Power” means power generated from ocean energy sources such as tidal, wave and thermal energy.
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The policy framework for promoting the generation of electricity through new and renewable energy sources in Tripura is as follows:
- The Government shall promote the development of new and renewable energy based projects for generating electricity in Tripura.
- Government shall provide fiscal and financial incentives for such projects.
- The Government shall create an enabling environment for the development of new and renewable energy based projects in Tripura.
The following fiscal incentives shall be provided for new and renewable energy based projects in Tripura:
- Exemption from payment of sales tax/value added tax on the purchase of equipment and materials required for setting up the project;
- Exemption from customs duty on the import of equipment and materials required for setting up the project;
The following financial incentives shall be provided for new and renewable energy based projects in Tripura:
- Capital subsidy on the project cost for small hydro, biomass, and solar photovoltaic projects;
- Capital subsidy for wind power projects;
- Interest subvention on loans taken by developers for setting up new and renewable energy based projects;
- Soft loans from the state-owned power utility, Tripura State Electricity Corporation Limited (TSECL), at a concessional interest rate for setting up new and renewable energy based projects.
The following other incentives shall be provided for new and renewable energy based projects in Tripura:
- a) Priority in allocation of land for setting up the project;
- b) Fast track clearances from the concerned authorities for setting up the project;
- c) Technical assistance from TSECL for setting up the project.
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The implementation of this policy can be overseen by the following members:
- a) The Principal Secretary, Department of Power, Government of Tripura (Chairperson);
- b) The Director, Department of Power, Government of Tripura;
- c) The Managing Director, TSECL;
- d) The Commissioner & Secretary, Department of Industries & Commerce, Government of Tripura; and
- e) The Joint Director (Renewable Energy), Department of Power, Government of Tripura (Member-Secretary).
The progress of implementation of this policy shall be monitored by the Committee on a quarterly basis.
Some Stats on Different Renewable Sources: Comparison of States and More
A state-by-state assessment of the country’s solar energy potential:
|S.No.||State/UTs||Solar Potential (GWp)|
|11||Jammu & Kashmir||111.05|
Renewable Energy in North East States
|S.No.||States||Small Hydro Power||Solar|
Grid-Connected, Renewable Energy Capacity
|Sl.No.||States & Union Territories||Small Hydro Power||Bio-Power||Solar Power||Total Capacity||Capacity Addition during 2020-21|
Tripura has announced a policy to promote the generation of electricity through new and renewable energy sources. The state government hopes that this will help reduce its dependence on coal-fired power plants, which have been causing environmental problems in the region. This is great news for the environment and for the people of Tripura, and we hope that other states follow suit.
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