Central public sector enterprises to set up renewable projects

NEW DELHI: In an effort to encourage the ongoing renewable energy propagation, government has decided to ask central public sector enterprises (CPSEs) to set up renewable energy projects or procure Renewable Energy Certificates (RECs). This activity has been introduced to expand the scope of Energy Management Programme, followed by these PSEs for sustainable development.

The Department of Public Enterprises under the Ministry of Heavy Industries and Public Enterprises has issued Office Memorandum, which asks for use of renewable energy. It will become a part of the MoUs signed by the CPSEs and the administrative ministries/departments is expected to accelerate the growth of the RECs in the country and make it a valuable business model.

G.B. Pradhan, Secretary, Ministry of New and Renewable Energy said that the move is expected to give a big boost to the efforts of the ministry, which has been providing several incentives for setting up of the renewable energy projects in the country.

The CPSEs can implement carbon management plan by participating in any of the Missions under the National Action Plan under Climate Change. They may purchase Renewable Energy Certificates to offset their carbon footprints.