Weekly Power Sector ROund up: 17th April 2021

New National Electricity Policy to be drafted

The Power Ministry has set up and expert panel to come up with the Draft National Electricity Policy 2021.

The central government periodically reviews and revises the National Electricity Policy and Tariff Policy under the Electricity Act, 2003 in consultation with the states.

The panel will prepare the National Electricity Policy 2021 and will be headed by Gireesh Pradhan, former Chairman, CERC. Other members include Rakesh Nath, former Chairman, CEA and ex-member, APTEL, CEA Chairman and representatives of MNRE, states of West Bengal, Uttar Pradesh, Andhra Pradesh, Assam and Gujarat, Niti Aayog, heads of NTPC, NHPC, POSOCO, PGCIL and SECI. The Joint Secretary, Power Ministry will be the convener.

FAME-II certificate validity extended to one year from date of issue

The Department of Heavy Industries extended the validity of FAME-II certification of electric vehicles for obtaining subsidies to one year from issuance, rather than a blanket expiry on the 31st of March.

Effectively, this means automakers who received certification after April 2020 for receiving subsidies under this scheme will continue to get the subsidies for 12 months.