Below are the excerpts of our recent interview with Mr. Deepak Khare, VP (Project Development-technical), Engie
Let’s start with the recent developments at your organisation in the last one year.
Besides Deepak Khare, I am in the project development team & we have around 2.5 year’s old set up in India. We are the largest independent power producer in the world in terms of all the sources of generation, be it coal, Natural gas, Hydro, Nuclear based and in renewable; solar, wind, bio mass/ bio gas all together.
We are also;
- Largest energy efficiency services provider worldwide.
- 5th largest LNG portfolio in the world We have 117. 1GW of installed capacity & 8.1 GW under construction across the globe and we operate in 70 countries with 1.5 lacs employees.
As far as India is concerned, it is part of South Asia development and we are targeting Solar, Wind, and distributed generation to add the renewable portfolio.
As a developer what key challenges do you face today?
As a developer, we are developing solar projects through Solairedirect (acquired about a year back). Major challenge is land acquisition, which translates to aggressive timelines for project execution.
We are under process of green-field wind project development on turnkey / partial self-development mode. Major challenges could foresee are land, evacuation approvals & PPA. As in few states there are upfront PPAs (before project execution) and other shave PPA during last stage of commissioning.
In some states, like Telengana policy clarity is required. We have selected 3-4 states for wind development to go ahead; Gujarat, Andhra Pradesh, Karnataka &MP.
In which state you see maximum wind energy investment this year?
This year I see maximum wind energy investment in AP and Karnataka both. I can’t say about MP because the tariff has fallen down but it will definitely have potential in the next 2 years to come.
What are the milestones you wish to achieve by the end of this fiscal?
We have 452 Megawatts of solar portfolio & targeting about 1GW in next 1 year time. For wind, we are targeting 300 MW port- folio in next 1-2 year.
Any message you would like to give to the wind industry?
Wind industry has rapidly changed from last 6-7 years i.e. from AD customers to IPPs. Major changes yet to come like GST implication on cost/ tariff, reverse auction bidding etc. So,next 1 year will be challenging for wind as a whole and we expect lot of changes happening.