To help decarbonise the energy sector by promoting renewable energy, the government has brought the Odisha Renewable Energy Policy, 2022. The policy aims to make industries increase renewable energy production as they have to do so as per the renewable purchase obligation (RPO) trajectory fixed by the Centre within 2030.
The industries and power distribution companies (discoms) will have to achieve 43% RPO by 2030. Odisha: New policy to promote use of renewable energy, decarbonisation To make it happen, the policy encourages huge incentives for industrial houses. During the policy period (2022-2030), the industries will be offered incentives such as exemption of 50 paisa per unit on consumption of electricity for 20 years, said an official.
The policy is a robust one that encompasses many facets of energy transition. It enables industries and discoms to meet their RPO targets and ensure development of renewable energy projects. It will also help create jobs and promote research and development, said Biswadeep Parida, director, PwC, an international consultancy firm that works with the government. A nodal agency will be selected to implement the project. The nodal agency will create a single window platform for approval of all renewable energy projects in a time-bound manner.