SUPPORTING POLICIES FOR OCEAN ENERGY
NATIONAL STRATEGY
The National Institute of Ocean Technology (NIOT), an autonomous institute under The Ministry of Earth Sciences (MoES), has been entrusted to develop technologies pertaining to ocean energy. NIOT also advises the Ministry of New and Renewable Energy (MNRE), which is primarily responsible for tariff fixation and policy formulation for renewables, feasibility and technical aspects of ocean energy related proposals as and when required.
PUBLIC FUNDING PROGRAMMES
The Ministry of Earth Sciences, under the Government of India, supports the programme on Ocean Energy and Desalination in NIOT.
The Ministry of New and Renewable Energy, under the Government of India, has a mandate to increase the share of renewable energy in meeting India’s power demand. This Ministry also covers ocean energy as a part of the new technologies development programme and attempts to fund ocean energy devices which show promise.