New Delhi: Strengthening its green drive, Reliance Infrastructure-led BSES, is aiming to turn around 50 per cent or 3,300 MW of its power portfolio green by 2024.
A green portfolio of BSES, comprising pure-play renewable energy and hydropower, will make it one of the greenest discoms in the country.
Recently, Reliance Infrastructure-led BSES signed agreements with SECI to procure 510 MW of solar and hybrid power at less than Rs 2.50/unit. In fact, BSES became the first discom in Delhi and among only a handful in the country to procure hybrid power.
The share of green energy in BSES' power portfolio is progressively increasing over time and will reach over 50 per cent of its long-term power arrangements by FY 23-24, said discom sources.
At present, around 22 per cent of long-term arrangements of Reliance Infrastructure led BSES comprises green power, which includes pure-play renewable power of over 9 per cent (or 365 MW) and about 13 per cent (or 548 MW) hydro.
By FY 23-24, it is expected that 3,300 MW of 'green' power will be operationalised by BSES and will power the national capital. Of this, 2291 MW will be pure-play renewable, comprising of solar, wind and waste to energy and around 1000 MW, hydro.
In fact, barring 150 MW, the rest of the 'green' power has already been tied up. Even this 150 MW (of wind power) will be tied up soon.
In percentage terms, by FY 23-24, 36 per cent of BSES's long-term arrangements will comprise pure-play renewable energy and 16 per cent, hydropower, totalling 52 per cent.
BSES' green energy component is dominated by solar power, followed by hydro, wind, hybrid and waste to energy.
It is estimated that green power will help in a substantial reduction in carbon emissions. In fact, as per reports, it will lead to a reduction of 7 million tonnes of CO2 annually when the entire quantum of 3,300 MW of green power is operationalised.
Experts also say that green power will help in neutralizing cost increases by absorbing the impact of inflation and other factors, including prices of coal, gas among others.
Besides, it may also help in creating headroom for recovery of the past revenue gap.