Power Minister RK Singh launches ‘Reform & Regulatory Knowledge Base for Power Sector’

Power Minister RK Singh

The Union Minister for Power, R K Singh launched “Reform and regulatory knowledge base for power sector”, an e-certification program to provide regulatory training to practitioners from diverse backgrounds, through virtual mode. Alongside, the Minister also rolled out a Regulatory Data Dashboard which is an e-compendium of data containing state-wise details of tariff and DISCOM performance.

The reform & regulatory knowledge base of the power sector and the regulatory data dashboard have been developed by IIT Kanpur.

The Dashboard would assist the benchmarking of the sector performance, over time and across the power sector utilities. The move will prove to aid regulators and policymakers and also the entities themselves to identify areas for improvement.

Krishna Pal Gurjar, Minister of State for Power; Alok Kumar, Secretary Power; Indu Shekhar Chaturvedi, Secretary MNRE; senior officials from both the ministries; Chairperson and members of Central Electricity Authority; Abhay Karandikar, Director IIT Kanpur; representatives from states /UTs; CMDs of Power PSUs and DISCOMs; and industry representatives were present at the occasion.

Appreciating IIT Kanpur for their work, Singh said, India is preparing itself for the next generation by modernisation, however, it is in the process of making the system sustainable. Challenges of energy access and supply have been resolved by establishing capacity generation making us a power surplus nation, he added.

Further, the Minister 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 to strengthen the distribution system. He suggested that let the full cost be reflected in tariff and then the elected governments can provide a subsidy based on that.

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The regulatory framework is the key to sustainability in the power sector, said the Minister. The Minister addressed the scope of research and development for standardisation in regulatory framework by research. Adding on, he urged for enhancement of R&D in smart metering, AI-based energy accounting and cybersecurity. Calling for a shift from fossil fuels to green hydrogen, the Minister emphasised the incorporation of green hydrogen in various industries including refining, fertilisers, steel, glass, ceramics and heavy mobility.

(With inputs from PIB)