Rising oil prices makes renewable energy attractive

With fuel prices soaring, renewable energy is being promoted by the state government here.
The West Bengal Green Energy Development Corporation Ltd (WBGEDC), a government agency floated for the development of green energy, is likely to come up with "renewable policy energy" framework by the end of this year

The focus areas of the policy would be to formulate certain concessions to be given to those using renewable energy, like rebate in municipal tax among other benefits, said S P Gon Chaudhuri, managing director of WBGEDCL, on the sidelines of a press conference to announce its tie-up with a Kolkata-based real estate developer to transfer green energy techniques, in Kolkata on Wednesday.

The tariff policy on the use of renewable energy was already in place in West Bengal, said Gon Chaudhuri. The policy would be divided into two parts, covering benefits to the people residing in buildings where renewable energy was being used, and independent power producers, he said. This apart, the policy will also promote the use of bio-fuels, by giving certain concessions to farmers undertaking Jatropha cultivation.

The corporation would assist the farmers in procuring Jatropha seeds and selling the end products in the market, he said. The states of Mizoram and Tripura, and union territory of Andaman and Nicobar, have also approached the WBGEDC for framing a similar policies.

"We would act as a consultant for preparing a renewable energy policy for states like like Mizoram and Tripura," he said.

The policy would be formulated with help from Indian Institute of Social Welfare and Business Management (IISWBM), he added. It will be placed before the state cabinet by the end of this year.