You are here

Sustainability Outlook Headlines

Rajasthan gets largest investment of Rs 4,000cr in solar sector

In what will become the first largest investment in Rajasthan during the current regime of the Congress government, Central PSU NTPC and Rajasthan Solarpark Development Corporation Ltd (RSDCL), a subsidiary of RRECL, will sign an agreement on Thursday to develop 925 megawatt capacity solar power projects in Nokh Solar Park, near Jaisalmer. As per the agreement, NTPC will develop solar PV projects in the park at an estimated investment of Rs 4,000 crore, while RSDCL will build the basic infrastructure that would require about Rs 450 crore. The park will be connected to PGCIL 765 kV Bhadla-... Read more..

Source: ET Energy World

India ranks 131 on flourishing index: Report

No country in the world is adequately protecting children’s health, their environment and their futures, said a report released by a Commission of World Health Organization (WHO), UNICEF and The Lancet on Wednesday. The report, A Future for the World’s Children? Stated that the health and future of every child and adolescent worldwide is under immediate threat from ecological degradation, climate change and exploitative marketing practices that push heavily processed fast food, sugary drinks, alcohol and tobacco at children. The report includes a new global index of 180 countries,... Read more..

Source: Livemint

Centre weighs new green energy board to calm investors’ nerves

Concerned with dwindling investor interest, the Union government plans to set up an inter-ministerial body to settle various issues faced by the green energy sector and attract billions of dollars in investments to successfully execute the world’s largest clean energy programme. The proposed Renewable Energy Industry Promotion and Facilitation Board (REIPFB) will be set up along the lines of erstwhile Foreign Investment Promotion Board, which was tasked with handling foreign direct investment proposals and facilitating them. REIPFB would “deal with challenges and issues being faced by... Read more..

Source: Livemint

Andhra Pradesh govt proposes to set up solar plants to produce 10,000 MW

The Andhra Pradesh government has proposed to set up its own generating units to produce 10,000 MW of solar power to meet the energy requirements of the agriculture sector. The government has already issued an order for setting up the Andhra Pradesh Green Energy Corporation Limited, as a subsidiary of Power Generation Corporation of AP, to erect the 10,000 MW solar power plants. Chief Minister Y S Jagan Mohan Reddy, who chaired a high-level review meeting on the power sector here on Wednesday, directed the officials to focus on the 10,000 MW solar power plants and also their subsequent... Read more..

Source: ET Energy World

SC issues notice to Centre in plea for implementation of electric vehicle policy

The Supreme court on Wednesday sought in four weeks a reply from the Centre in a plea seeking details on promotion of electric vehicles and implementation of the Electric Vehicle Policy and and Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) India scheme. The plea was heard by an apex court bench headed by Chief Justice SA Bobde. The bench expressed its keenness to have a discussion with Union transport minister Nitin Gadkari to consider issues pertaining to procurement of electric vehicles and related infrastructure in the country. Chief Justice Bobde also... Read more..

Source: Livemint

Govt invites Germany’s state-run KfW to fund transmission projects

Indian government representatives on Wednesday met representatives of Germany’s state-run bank KfW to discuss the financing of new transmission projects being built across the country for upcoming renewable energy projects. KfW has already promised to loan 500 million euros towards the ‘Green Energy Corridor’ project, and till September, 2019, it had already disbursed 206 million euros to that end. The development bank has also disbursed 475 million euros to state-run transmission company Power Grid Corporation of India for the additional 3,200 circuit kilometer (ckt-km) Gujarat-Rajasthan-... Read more..

Source: Financial Express

BHEL bags battery energy storage system order under TERI consortium project

The Energy Resource Institute (TERI) on Wednesday said state-run engineering firm BHEL has won the bid for installation and maintenance of battery energy storage systems (BESS) worth Rs 2.51 crore. "BHEL emerged as best supplier of battery and associated equipment in a tender recently floated by TERI for installation and maintenance of battery energy storage systems (BESS)," a TERI statement said. According to the statement, BHEL has offered 410 kilowatt-hours (kWh) of cumulative battery capacity for a total cost of Rs 2.51 crore, including six years of comprehensive warranty and... Read more..

Source: Business Standard
Subject Tags: battery storage, BHEL, bids, TERI

NE Sustainable Development Goals Conclave to be held in Assam next week

North East Sustainable Development Goals Conclave 2020 will be held in Assam next week which will see participation from state governments, central ministries, academia and civil society, an official statement said on Wednesday. Government think-tank Niti Aayog is organising the ''Sustainable Development Goals (SDG) Conclave 2020: Partnerships, Cooperation and Development of North Eastern States''. The event is being held in association with the North Eastern Council, Government of Assam, Tata Trusts, United Nations Development Programme (UNDP) and Research and Information System for... Read more..

Source: Outlook India

India achieves lowest cost of floating solar power globally

With the Indian floating solar photovoltaic (FSPV) industry still gaining ground, a recent report has said the country has achieved the lowest investment cost for a floating solar project in the world so far. “Recent bids results indicate a sharp decline in the investment cost for FSPV. In the latest tender result of the country’s first large-scale FSPV plant of 70 megawatt capacity, cost as low as Rs 35 per Watt has been quoted by developers. This is the lowest cost achieved in the entire world so far,” the report by The Energy and Resources Institute said. Titled ‘Floating Solar... Read more..

Source: ET Energy World

Top Andhra discom seeks more time to clear Rs 599 crore dues

Andhra Pradesh’s main power distribution company has sought more time to clear outstanding dues of Rs 599 crore it owes to renewable energy developers. In an affidavit filed with the state high court on Monday, the Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) said, “The answering respondents seeking intervention of this hon’ble court to grant 4 weeks further time to clear the dues as undertaken before this hon’ble court.” The court had directed the state discom on December 20, 2019, to clear the dues within four weeks. The order had come in the wake of the... Read more..

Source: ET Energy World

After Andhra shock, govt plans tribunal to enforce power pacts

The Union government plans to set up a new tribunal solely to enforce power purchase contracts, power and new and renewable energy minister Raj Kumar Singh said, creating an additional legal safety net for investors. The National Democratic Alliance government, which is facing investor criticism over a controversial attempt by the Andhra Pradesh government to renegotiate clean energy tariffs with developers, plans to amend the Electricity Act of 2003 to create the tribunal that will be headed by a retired judge. The tribunal will also deal with contract issues where electricity... Read more..

Source: Livemint

Over Rs 1.32 Lakh Crore Invested in India’s Renewable Sector Since 2017-18

India’s renewable energy sector has seen a total investment of Rs 1.32 lakh crore (Rs 132625.89 crore) between the financial year 2017-18 and the current fiscal (until December 31, 2019), Union Minister of Power and New and Renewable Energy, RK Singh has said. Answering a question raised in the Rajya Sabha, Singh said that the country has set a target of installing 175 gigawatts (GW) of renewable energy capacity by 2022. And that as of January 1, 2020, the country has installed 85.90 GW of Renewable Energy (RE) capacity which constitutes 23 percent of total installed power generation... Read more..

Source: Saur Energy International

Hero MotoCorp to invest Rs 10,000 crore in 7 years; aims to go carbon neutral by 2030

India's largest two-wheeler manufacturer Hero MotoCorp on Tuesday said it plans to invest up to Rs 10,000 crore in the next 5-7 years towards new products, alternate mobility solutions, manufacturing facilities, network expansion and brand building as it aims to hold on to its market leadership position in India and strengthen its presence overseas. The investment would also include the company's foray into electric vehicles, an area where it is seen as a laggard. Arch rivals Bajaj Auto and TVS recently launched their first electric two-wheelers in the market earlier this year. Hero said... Read more..

Source: Business Today

Avis India Partners With quikk India for Electric Vehicle Fleet

Avis India has announced that it has formed a partnership with quikk India on February 17, 2019, to offer corporate electric mobility services which will include an EV fleet and access to robust charging infrastructure. As the company claims, under the partnership, Avis India and quikk India have developed an innovative, integrated AI-based model that combines transportation services along with access to robust charging infrastructure, at costs broadly comparable with those of current ICE vehicles. The association is expected to transform the EV space even further, with developments such... Read more..

Source: Saur Energy International

Mumbai: 100 e-charging spots planned at malls, Metro stations, homes

In a boost to the city’s electric vehicle infrastructure, Tata Power Company plans to install 100 charging points at malls and petrol pumps, outside Metro stations, and also provide for home charging. The aim is to increase the network of e-vehicle charging stations to 700 from the current 100 across cities—including Mumbai, Delhi, Pune, Bengaluru and Hyderabad—by 2021, a Tata Power official said on Monday. To make e-charging affordable, the Maharashtra Electricity Regulatory Commission has fixed the tariff at Rs 6/unit. “We want to encourage the use of e-cars, e-scooters and e-buses,... Read more..

Source: ET Energy World

India's renewable energy sector to attract $10 billion investments annually: BoA

India's renewable energy sector could become a prime destination for global investors with a potential to attract $10 billion (Rs 71,550 crore) of annual investments, Bank of America’s global head of energy and renewable business said. The government's target of generating more than 10,000 megawatts of energy from renewable sources will draw big investment into wind and solar projects, although changing regulatory goalposts is a disturbance, Ray Wood, the head of power, utilities & renewables at the bank, told ET. “What people like about renewables the most is that you have a long-term... Read more..

Source: ET Energy World

India’s Reservoirs Can Generate 280 GW Power via Floating Solar: TERI

India’s reservoirs have 18,000 sq. km of area with the potential to generate 280 GW of solar power through floating solar photovoltaics (FSPVs) plants, according to a new study by The Energy and Resources Institute (TERI), an energy and environment think tank. TERI’s new report titled ‘Floating Solar Photovoltaic (FSPV): A Third Pillar to Solar PV Sector?’ was released during the recently held World Sustainable Development Summit 2020. The report calculated the potential for FSPVs, or ‘floatovoltaics’, on the basis of 30 percent of water surface area of the country’s medium and large... Read more..

Source: Saur Energy International

EESL inks pact with BSNL for 1,000 EV charging stations across country

State-owned Energy Efficiency Services Ltd (EESL) on Tuesday said it has signed an initial pact with BSNL for installing charging stations for electric vehicles. As per the Memorandum of Understanding (MoU), EESL will set up public EV charging stations at 1,000 BSNL sites in a phased manner across the country, an EESL statement said. EESL will make the entire upfront investment on the services pertaining to the MoU, along with the operation and maintenance of the charging infrastructure by using qualified personnel. Telecom PSU BSNL would be responsible for providing the requisite space... Read more..

Source: Business Standard

India & World Bank sign $450m loan to improve groundwater mgmt in 7 states

The Government of India and the World Bank today signed a $450 million loan agreement to support the national programme to arrest the country’s depleting groundwater levels and strengthen groundwater institutions. The World Bank-supported Atal Bhujal Yojana (ABHY) – National Groundwater Management Improvement Programme will be implemented in the states of Gujarat, Maharashtra, Haryana, Karnataka, Rajasthan, Madhya Pradesh, and Uttar Pradesh and cover 78 districts. These states span both the hard rock aquifers of peninsular India and the alluvial aquifers of the Indo-Gangetic plains. They... Read more..

Source: Indus Dictum

Govt plans ₹11,000 crore power transmission project in Ladakh

The government plans to set up a 900-km power transmission link that will help large solar and wind energy projects in Ladakh supply electricity across the country, said Anand Kumar, secretary in the Union ministry of new and renewable energy. The move is part of India’s strategy to develop the Union territory of Ladakh. The ₹11,000-crore marque project seeks to resolve grid connectivity problems faced by the region. This is also expected to attract investments for setting up green energy projects in the cold desert region. The power link will initially transfer around 2,500 megawatts (MW... Read more..

Source: Livemint

Maharashtra: Few takers for electric vehicle charging stations

Pune is moving at a slow pace towards e-mobility. Maharashtra State Electricity Distribution Company Limited (MSEDCL) officials said there were few takers for the three electric vehicle charging stations set up by the company in Pune. The power utility had set up its first electric vehicle (EV) charging station at Baner a year ago while two others were recently set up at Wadgaonsheri and Hinjewadi. With the Centre giving a push towards the faster adoption of electric vehicles, the state government had launched an ambitious project of setting up 500 electric vehicle charging stations across... Read more..

Source: The Indian Express

Nitin Gadkari expects states to order 10,000 electric buses

The government is pushing for greater acceptance of electric buses and has advised states to do away with permit requirements for such vehicles, said Nitin Gadkari, Minister of Road Transport and Highways, adding that he is expecting a minimum order of 10,000 battery electric buses from state-funded municipal corporations and private fleet operators. "We have issued advisory to the state government that if the bus runs on electric batteries or bio-fuel then there is no need for permits. We have given a similar advisory for e-autorickshaws or bio-fuel and for taxis too. We are expecting at... Read more..

Source: Money Control

Chandigarh administration to tie up with residents welfare associations, traders bodies’ to spread awareness for installation of solar plants

The UT administration will now tie up with various traders bodies and residents welfare associations, to spread awareness for installation of solar plants. The UT administration had recently again extended the deadline till March 2020 for the installation of solar plants. A senior UT official said that in the year 2020 they have planned to install solar power plants with a capacity of 20MW. The administration has already installed plants with a capacity of 30MW in the city, he added. Earlier the deadline for installation of solar plants was September 30, 2019 and the administration had... Read more..

Source: ET Energy World

ENGIE fully commissions 250 MW Kadapa solar project in Andhra Pradesh

French electric utility firm ENGIE on Monday said it has fully commissioned its 250 MW solar project in Andhra Pradesh. The 200 MW phase was commissioned ahead of schedule in May 2019 and this milestone supports ENGIE's ambition to be a major renewables development partner as India becomes one of the fastest growing countries in global energy transition, a company statement said. The remaining 50 MW was recently commissioned in order to provide power to about 400,000 people, it said. ENGIE was awarded the Kadapa project in April 2017. The signing of the 25-year power purchase agreement... Read more..

Source: ET Energy World
Subject Tags: Engie, NTPC, PPA, solar project

Tata Power plans to have 700 EV charging stations by 2021

Tata Power is planning to increase its network of electric vehicle charging stations to 700 by next year, a top company official said. The company has already installed 100 fast charging stations in various cities, including Delhi, Mumbai, Bengaluru, Pune and Hyderabad, which it plans to take to 300 by March 2020. “We are mapping the locations where EVs are launched and we will be setting up charging stations in those cities. Our aim is to take this number to around 700 by next year,” company’s CEO and Managing Director Praveer Sinha said. The government’s decision to lower the GST rate on... Read more..

Source: The Indian Express