Green Investing in India – Economically Backward Orissa remains backward in Renewable Energy as well

India’s Eastern State of Orissa is one of the most economically backward provinces in India with massive poverty levels.Despite being resource rich,the state is known more for its starvation deaths.Like the rest of its economy the state lags behind in Renewable Energy as well.The state is power deficient and has looked upon Green Energy Sources to alleviate its Energy Shortage.However most of the plans have remained on paper despite signing a lot of MOUs with Independent Power Producers.State Owned Oil Companies like NTPC and IOCL have made grand plans to develop wind energy but they remain on paper only.The state has made grandiose plans for Solar Power with approvals of 351 MW however it remains to be seen how much of that is actualized.The government has sent a notice to Suzlon on the delay in implementing a  98 MW Wind Farm.

Orissa cracks whip on Suzlon Energy – BS

The Orissa government has cracked the whip on Suzlon Energy Limited for its inordinate delay in submitting the detailed project report (DPR) for its proposed 98 MW wind power plant at Nabarangpur. The Rs 600-crore project was unable to make any headway due to the delay in submission of the DPR by the company.

Besides, the proposals for eight solar power projects in the state, each with a capacity of 1 MW are likely to be approved soon by the Indian Renewable Energy Development Agency (IREDA) of the Government of India. The total cost of setting up of these wight solar power projects is Rs 144 crore.

Backward States falling Back on Green Energy as well

India’s most industrialized and fast growing states like Gujarat,Tamil Nadu,Maharashtra have been the most aggressive in Green Energy as well.Gujarat has attracted huge interest in Solar Energy through strong support by the government.Tamil Nadu and Maharashtra account for almost 70% of India’s 8-9 GW Wind Energy capacity.However economically backward states like Orissa,Bihar,Uttar Pradesh remain laggards in this respect as well.Orissa seems a classic case where the general economic lethargy extends to the Renewable Energy Sector as well.