Renewable energy sector welcomes diesel price hike!

June 26th, 2011 - 12:10 am ICT by IANS  

Kolkata, June 25 (IANS) The hiked fuel prices may have enraged the political parties, people and India Inc but there is a section that welcomes the move. The renewable energy sector believes this will give a boost to the usage of alternate energy sources.

“The real pricing of fossil based resources will make stake-holders understand the need for renewable energy (RE) which is misinterpreted to be costlier than conventional sources,” said S. P. Gon Chaudhuri, adviser on renewable energy to the West Bengal government.

Chaudhuri was speaking at the launch meeting of ‘Demand Side Management and Renewable Energy Capacity Building programme which was organised by consumer forum CUTS International.

According to Chaudhuri, while the government has increased the diesel price by Rs.3 per litre, it shells out Rs.27 per litre as subsidiary, which makes the usage of fossil fuel more cheaper via-a-vis renewable energy.

Chaudhuri’s views were supported by Malay Kumar De, the state’s power secretary, who said that more renewable energy resources should be used in the power sector, which may experience an electricity price hike, as coal becomes costlier.

“The price of coal is expected to increase at a rate higher than the inflation. This is bound to manifest as increased electricity tariff.”

Meanwhile, other speakers at the conference stressed on the need for a proper policy framework to make renewable energy more efficient and sustainable energy source for the people.

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