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INTEREST-NORMS-REVISED

UPSC CURRENT AFFAIR | EXPRESSION OF INTEREST NORMS REVISED FOR ‘SCHEME FOR SETTING UP MANUFACTURING ZONE FOR POWER AND RENEWABLE ENERGY (RE) EQUIPMENT’ | 2ND JUNE | ECONOMIC TIMES

/ June, 2022, UPSC Daily Current Affairs

Syllabus Section: GS III (ENVIRONMENT AND ECOLOGY)

WHY IN THE NEWS?

Recently, expression of interest norms has been rewritten.

For the ‘scheme for setting up manufacturing zone for power and renewable energy (re) equipment’.

Key Details:

  • The scheme is jointly suggest by the Ministry of Power and Ministry of New and Renewable energy to set up 3 manufacturing zones for power and Renewable Energy equipment, by 2026-27.
  • The scheme aims to establish a manufacturing facility for critical equipment,
  • The components and spares were requiring for the power sector and the RE sector.

Key provisions of the scheme

  • Importance of the scheme 2 would be brownfields on already prosperous land and 1 greenfield in a coastal area of the country.
  • They would provide a common testing facility and a common infrastructure facility.
  • The identified location would be away from the eco-sensitive zone of protected areas.
  • The state government must have a 26% stake in the joint venture with private companies.
  • A Scheme Steering Committee (SSC) and a Project Management Agency (PMA) shall be composing for monitoring.
  • Bring down the manufacturing cost
  • Optimization of resources and economies of scale
  • Cut down on import reliance and build domestic capacity
  • Reducing the country’s trade deficit.

 

The Ministry of New and Renewable Energy (MNRE)

It is the nodal Ministry of the Government of India for all matters relating to new and renewable energy. The broad aim of the Ministry is to develop and deploy new and renewable energy to supplement the energy requirements of the country.

  • Commission for Additional Sources of Energy (CASE) in 1981.
  • Department of Non-Conventional Energy Sources (DNES) in 1982.
  • Ministry of Non-Conventional Energy Sources (MNES) in 1992.
  • Ministry of Non-Conventional Energy Sources (MNES) was retitle as Ministry of New and Renewable Energy (MNRE) in 2006.
  • The role of new and renewable energy has been assuming increasing significance in recent times with the growing concern for the country’s energy security.
  • Energy self-sufficiency was recognize as the major driver for new and renewable energy in the country in the wake of the two oil shocks of the 1970s.
  • In the year of 1992, DNES became the Ministry of Non-conventional Energy Sources.
  • The sudden increase in the price of oil, uncertainties associated with its supply, and the adverse impact on the balance of payments position led to the establishment of the Commission for Additional Sources of Energy in the Department of Science & Technology in March 1981.
  • The Commission was charged with the responsibility of formulating policies and their implementation, and programs for the development of new and renewable energy apart from coordinating and intensifying R&D in the sector.
  • In 1982, a new department, i.e., the Department of Non-conventional Energy Sources (DNES), that assimilate CASE, was created in the then Ministry of Energy.  In October 2006, the Ministry was re-christen as the Ministry of New and Renewable Energy.

Read more: UPSC CURRENT AFFAIRS

Source: Economic Times