Hyderabad: Telangana aims to add 20,000 MW to its existing over 11,000 MW renewable energy generation and storage capacity by 2030, Deputy Chief Minister Mallu Bhatti Vikramarka said on Friday.
After unveiling the Telangana Clean and Green Energy Policy-2024, Bhatti said in order to achieve the target, the state would focus on Standalone Renewable Energy Projects and innovative Solutions such as floating solar, Waste to Energy and Green Hydrogen.
“Telangana is targeting to achieve an additional 20,000 MW of renewable energy and storage capacity by 2030,” he said. The current renewable energy capacity which stands at 11,399 MW includes 7,889 MW of solar energy (excluding distributed renewable energy) and 2,518 MW of hydro energy, among others.
The Minister said with various Maga infra projects such as Future City and Phrma City being taken up, the state is expected to drive an exponential rise in peak electricity demand, from 15,623 MW in FY 24 to 24,215 MW by FY 30 and 31,809 MW by FY35. It is essential that this demand is met with clean, reliable, affordable, and sustainable energy solutions, he further said.
The new policy, among other facilities, proposes reimbursement of Net SGST (state GST), stamp duty, Transmission & Distribution charges, and waivers on Electricity Duty. According to the policy, these incentives will significantly reduce the cost burden on developers, ensuring financial viability and encouraging large-scale investments.
