Power Minister Shri RK Singh approves proposal to declare ocean energy as Renewable Energy
Case of Maharashtra State Power Generation Co. Ltd. and Maharashtra State Electricity Distribution Co. Ltd. seeking approval for Adoption of Tariff rate of Rs 3.10/kWh for Long Term Procurement for 7 MW Solar Project under Mukhyamantri Saur Krishi Vaahini Yojana and for approval to the deviations sought in the Draft PSA and PPA.
In a decision that would give further boost to the ocean energy in India, Union Minister of State for Power and New & Renewable Energy (IC) and Skill Development & Entrepreneurship, Shri RK Singh approved a proposal to declare ocean energy as Renewable Energy today.
Accordingly, the Ministry of New and Renewable Energy has clarified to all the stakeholders that energy produced using various forms of ocean energy such as tidal, wave, ocean thermal energy conversion etc. shall be considered as Renewable Energy and shall be eligible for meeting the non-solar Renewable Purchase Obligations (RPO).