Rajasthan Renewable Energy Corporation MD Resigns After New Government Formation
Congress recently dethroned BJP in the recent assembly elections held in Rajasthan
The recent state elections have challenged the status quo in Rajasthan, Chhattisgarh, Madhya Pradesh, and Mizoram. The upheaval is now apparent in Rajasthan’s politics, especially its renewable energy department with the Rajasthan Renewable Energy Corporation’s (RRECL) Director and Managing Director Basant Kumar Dosi, resigning with immediate effect.
Following the election verdict, it was expected that the change in government might also lead to a change in the state’s outlook towards implementing various policies and programs. But this sudden development seems nothing short of a shock to the state’s renewable department.
According to the resignation letter which has been reviewed by Mercom, the administrator has not provided any particular reason for his resignation.
Rajasthan state government had also nominated Dosi as Director of Rajasthan Urja Vikas Nigam Limited, Saurya Urja Company of Rajasthan Limited, Essel Saurya Urja Company of Rajasthan Limited, and Adani Renewable Energy Park Rajasthan Limited.
The industry is hoping this will not have any adverse effect on the auctions that are coming up in Rajasthan.
Now after his resignation, the RRECL has to look for a worthy replacement and this may take time and result in delays in the renewable energy sector in the state of Rajasthan.
One third of all large-scale solar installations in the country are in the states of Madhya Pradesh, Rajasthan, and Telangana.
Rajasthan is India’s biggest state in terms of area and has the most attractive solar insolation levels in the country and has installed around 3 GW of large-scale solar projects, which is nearly 13 percent of all large-scale solar installations in the country. The biggest solar power project in the state is Bhadla Solar Park.
Mercom previously reported that solar was not directly mentioned in any election manifesto but state elections may impact solar growth trajectory. Raj Prabhu, CEO of Mercom Capital Group had said, “The hope is that solar development in these states continue unabated, though it is not clear how supportive the new governments will be of solar and renewable energy power targets in general.”