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Sustainability Outlook Headlines

Japan unveils green growth plan for 2050 carbon-neutral goal

JAPAN on Friday unveiled plans to boost renewable energy, phase out petrol-powered cars and reduce battery costs as part of a bid to reach an ambitious 2050 carbon-neutral goal. Prime Minister Yoshihide Suga announced the new 2050 goal in November, significantly moving up Japan's timeline for carbon-neutrality. On Friday, his government laid out for the first time what meeting that target will involve, including setting a provisional goal of generating more than half of the country's electricity from renewable sources by 2050. "The government's actions on the... Read more..

Source: Business Times

Adani Green Energy emerges as largest winner in hybrid auction

Adani Green Energy emerged as the largest winner in the 1200MW wind-solar hybrid auction conducted by the Solar Energy Corporation of India on Wednesday. The company won 600MW at a tariff of Rs 2.41 per unit. ABC Renewable Energy, and AMP Energy won 380MW and 130MW respectively at the same tariff. Acme Solar bagged 90MW at a tariff of Rs 2.42 per unit. A SECI official confirmed the results of the auction. It is the nodal agency through which the renewable energy ministry conducts auctions. More than 3000 MW of bids were received for this tender although... Read more..

Source: The Economic Times

MERC to allow floating of open tenders for Solar Projects

The Maharashtra Electricity Regulatory Commission (MERC) has issued an order allowing the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to float open tenders for its solar projects under the Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) program adopting a continuous bidding process. The MSEDCL had filed a petition with the MERC stating that five of its tenders for 6.5 GW of solar projects floated over the last two to three years had received a disappointing response from developers. It received bids for 1,873 MW and was able to contract... Read more..

Source: MERC

RERC fixes Rs 6/unit power tariff for EV charging stations

To pave the way for the growth of electric vehicles (EV), Rajasthan Electricity Regulatory Commission (RERC) has fixed the tariff for charging stations at Rs 6 per unit by creating a new category of consumer. The standard operating procedure (SOP) for establishing these electric vehicles (EV) charging stations were released by the department. The regulatory body has also decided to provide relaxation in permanent fee from Rs 135 to Rs 40 per month for these stations. An official said, “Under the ‘Time of Day’, method 15 % relaxation will also be provided to... Read more..

Source: The Economic Times

Goa Energy Development Agency Invites Bids for Setting up a Biomass Briquetting Project

The Goa Energy Development Agency (GEDA) has invited bids to set up a 2,000 kg/HR biomass briquetting project at Saligao, Bardez in Goa. A briquette is a compressed block of any biomass material like wood, leaves, sawdust that can be used to start a fire. Such briquettes can be used as a substitute for fossil fuels like coal or oil. The project will be developed on a design, build, operate, finance, and transfer basis for ten years. The scope of work includes the setting up of a 2,000 kg/HR biomass briquetting project based on tree waste, tender coconut waste,... Read more..

Source: Mercom India

Air Quality Commission directs for 100 percent switching over of industries in Delhi to PNG.

The Commission for Air Quality Management in NCR and Adjoining Areas reviewed the progress of switching over of Industries operating in Delhi to Piped Natural Gas with the Government of NCT of Delhi, GAIL and Indraprastha Gas Limited. About 1644 of Industrial Units spread across 50 industrial areas in Delhi had been identified to switch over to Piped Natural Gas (PNG). Though sizeable number of Industries are using PNG, the Commission stressed the need to switch over to PNG by all identified Industries in Delhi considering the fact that industrial sector is one... Read more..

Source: PIB

MG Motor India, Tata Power inaugurate maiden 60kW superfast EV charging station in Lucknow

MG Motor India and Tata Power today inaugurated the first 60kW superfast EV charging station in Lucknow, Uttar Pradesh. The facility is available to all the vehicles compatible with CCS/CHAdeMO fast-charging standards. The customers can charge their MG ZS EV up to 80 per cent in 50 minutes at the charging station. Last month, MG Motor India and Tata Power had inaugurated a 60kW superfast EV charging station in Agra, the first such facility in Uttar Pradesh. The two companies have partnered for deploying 60kW DC superfast charging stations across the country. "We would like to congratulate... Read more..

Source: India Today

MUFG Bank achieves green certification for solar farm in India

MUFG Bank on Tuesday said that it has acted as sole green structuring advisor for a USD 333 million financing deal for SoftBank's latest and largest solar project in India. This marks the first green certification of a solar project loan for both the client and the country, and underscores both MUFG's sustainable financing capabilities as well as commitment towards partnering clients in their environmental, social and governance (ESG) objectives, said the company in a statement released in Singapore. The 900 megawatt-DC solar farm in the Phalodi-Pokhran Solar... Read more..

Source: Business Standard

SUN Mobility aims to set up 100 battery swapping stations in Bengaluru by 2021-end

SUN Mobility, a leading provider of electric mobility solutions and services, on Tuesday said it plans to set up 100 battery swapping stations for electric vehicles (EVs) in Bengaluru by the end of 2021. In a virtual event, Karnataka Chief Minister B S Yediyurappa formally commenced the commercial launch of the company's swapping network in Bengaluru. Currently, there are four swap points available at Indian Oil Corporation Ltd's (IOCL) outlets in the city's densely populated areas of Indiranagar, Jayanagar, Koramangala and HSR Layout. SUN Mobility also... Read more..

Source: The Economic Times

OIL signs pact with Assam Hydrocarbon & Energy Co

State-owned Oil India Ltd on Tuesday said it has signed a preliminary agreement with Assam Hydrocarbon and Energy Company Ltd (AHECL) for cooperation in oil and gas exploration and development as well as the marketing of natural gas in Assam. The memorandum of understanding (MoU) was signed in Guwahati on Monday, OIL said in a statement. "The MoU is aimed at establishing a joint institutional framework to facilitate bilateral cooperation in hydrocarbon exploration and development and marketing of natural gas in the state of Assam for mutual benefit," it said.... Read more..

Source: Livemint

Vedanta pledges to move towards carbon-neutrality

Vedanta on Tuesday said it has signed a declaration on climate change by pledging to move towards carbon neutrality at the Second India CEO Forum on Climate Change. The mission is to take the country to net zero emission goal through specific emission measures, including the promotion of renewable energy, enhanced energy efficiency, water-efficient processes and green mobility, the company said in a statement. Environment Minister Prakash Javadekar also addressed the CEO Forum on Climate Change. Vedanta Group CEO Sunil Duggal said, "We as a company remain fully... Read more..

Source: The Economic Times

Actis, Brookfield look to buy Mahindra’s EPC, solar assets

Private equity firm Actis Llp and Brookfield Asset Management Inc., among others, are eyeing Mahindra Susten’s engineering, procurement and construction (EPC) business, besides its under-construction 600MW solar assets, said two people aware of the development, seeking anonymity. The deal is valued around $500 million, they added. The sale of Mahindra Susten’s assets, and the EPC business is being handled by EY. Mahindra Susten, which builds and sells solar power projects, offers diversified services in the renewable energy and cleantech space. Earlier this... Read more..

Source: Livemint

Karnataka clears investment proposals worth Rs 26,659 crore; EVs in focus

The State High-Level Clearance Committee (SHLCC) meeting chaired by Karnataka Chief Minister B S Yediyurappa on Monday cleared five projects with a total investment potential of Rs 26,659 crore and can generate employment to 13,341 people. Investments cleared in the 55th SHLCC meeting include two proposals by Elest Pvt Ltd in Hubli/Dharwad - one worth Rs 14,255 crore on 85 acres of land for electric vehicle manufacturing, with a potential to generate employment for 867 people. The other is worth Rs 6,339 crore on 88 acres for lithium-ion cells and battery... Read more..

Source: The Economic Times

Union Government for the first time lays down Rights to the Electricity Consumers through “Electricity (Rights of Consumers) Rules, 2020”

Union Ministry of Power has promulgated rules laying down the rights of power consumers in the country. While issuing these rules here today via Press Conference, Shri R.K.Singh, the Union Minister of State (Independent Charge) for Power and New & Renewable Energy, said, “These rules shall empower the consumers of electricity and added that these Rules emanate from the conviction that the power systems exist to serve the consumers and the consumers have rights to get the reliable services and quality... Read more..

Source: PIB

Asian Development Bank Approves $231 Million Loan for a Hydropower Project in Assam

The Asian Development Bank (ADB) has approved a $231 million loan to develop the Lower Kopili Hydroelectric Power (LKHEP) facility in Assam. The Lower Kopili Hydroelectric Power facility will utilize water from the Kopili river to produce around 120 MW of electricity, specifically during peak demand periods. The project will double the hydropower generation capacity of Assam Power Generation Corporation Limited (APGCL), ADB said in a press release. The funding is the third and largest tranche of the $300... Read more..

Source: Mercom India

Memorandum of Agreement signed between CGWB and CSIR-NGRI for High-Resolution Aquifer Mapping & Management in Arid Region of North-Western India

A Memorandum of Agreement (MoA) was signed todaybetween Central Ground Water Board (CGWB), Ministry of Jal Shakti and CSIR-NGRI, Hyderabad for use of advanced heliborne geophysical survey and other scientific studies in parts of the States of Rajasthan, Gujarat and Haryana under the Aquifer Mapping Programme. The MoA was signed by Chairman, CGWB and Director, CSIR-NGRI in the august presence of the Union Minister of Jal Shakti, Shri Gajendra Singh Sekhawat, and Union Minister of Science and Technology,Health... Read more..

Source: PIB

Ajmer DISCOM Floats Tender to Solarize 29 Agricultural Feeders Under KUSUM Program

Ajmer Vidyut Vitran Nigam Limited (AVVNL) has floated a tender for distributed grid-connected solar systems for agricultural consumers under component C of the Pradhan Mantri Kisan Urja Suraksha evem Utthan Mahabhiyan (PM KUSUM) program. Under Component C of the KUSUM program, the government aims to solarize one million grid-connected agriculture pumps of up to 7.5 HP capacities by 2022. AVVNL said 479 distributed solar systems would be installed at 29 select feeders in the Ajmer distribution company (DISCOM... Read more..

Source: Mercom India

SECI Floats Tender for 1.2 GW of ISTS-Connected Wind Power Projects

The Solar Energy Corporation of India (SECI) has issued a tender to select developers for 1.2 GW of interstate transmission system (ISTS) connected wind power projects (Tranche X) in the country. Selected bidders are expected to submit a performance guarantee of ₹1.2 million (~$16,353)/MW quoted. The deadline for submission of bids is February 5, 2020. The scheduled commissioning date (SCOD) for the entire capacity quoted is 18 months from the effective date of the power purchase agreement (PPA). Projects must achieve financial closure within seven months from... Read more..

Source: Mercom India

Chandigarh: Over 300 give consent for solar plant scheme

With over 300 city residents showing interest in installation of solar rooftop plants at their houses under Renewable Energy Service Company (Resco) model, the UT administration will ask the Joint Electricity Regulatory Commission (JERC) to allow it to go ahead with the model in the city. Recently, on the directions of the JERC, the administration had started a demand survey. Though the process is still going on, over 300 people have already given consent for the model. Debendra Dalai, director, Chandigarh... Read more..

Source: The Economic Times

Andhra Pradesh govt to launch watershed projects in five districts

 The Andhra Pradesh government is launching the ... Read more..

Source: The Economic Times

16-member panel to be set up under Delhi LG for Yamuna flood ..

The Delhi Development Authority (DDA) has proposed setting up a 16-member committee for conservation, protection and restoration of the Yamuna floodplains in the national capital. The National Green Tribunal had last year directed the land-owning agency to constitute a special purpose vehicle for the rejuvenation of the Yamuna in Delhi, hoping that it could be a model for 351 polluted river stretches in the country. The 'River Yamuna Management Committee' will be chaired by the lieutenant governor. The principal commissioner (Horticulture and Landscape), DDA,... Read more..

Source: Times Of India

Solar tariffs continue to reach new record lows with a tariff of Rs 1.99 per unit

Solar tariffs continue to reach new record lows with Saturday's auction fetching a tariff of Rs 1.99 per unit. In the 500MW auction conducted by Gujarat's distribution company, NTPC, Torrent Power, Aljomaih Energy and Water Company, and Aditya Birla Renewables won 200MW, 100MW, 80MW and 120MW respectively at a tariff of Rs 1.99 per unit, sources said. GUVNL (Gujarat Urja Vikas Nigam Limited) could not be reached for a comment. The lowest so far had been Rs 2.00 per unit which was reached in an auction conducted by the renewable energy ministry's nodal agency,... Read more..

Source: The Economic Times

India Grid Trust to acquire FRV's solar assets for Rs 660 cr

India Grid Trust signed securities purchase agreement on 18 December 2020 for acquisition of 100% in FRV Andhra Pradesh Solar Farm-I and FRV India Solar Park II from FRV Solar Holdings XI. The acquisition is in line with the IndiGrid investment strategy as provided in the trust deed with a focus to ensure stable distribution to unit holders by owning assets with long term contracts. The acquisition was struck at an enterprise value of around Rs 660 crore and its completion would depend upon receipt of relevant approvals and completion of contractual obligations... Read more..

Source: Business Standard

Goa: Power minister inaugurates first convergence project in Goa

Goa Power & Renewable Energy Minister Nilesh Cabral on Saturday inaugurated the first convergence project. This project will integrate decentralised renewable energy with efficient (water) pumps and LED lamps for rural homes. "Nilesh Cabral, Minister for Power and New & Renewable Energy, Government of Goa, inaugurated the first 'convergence project', which integrates the delivery of clean renewable decentralised energy with energy efficient pump sets and LED lamps for rural homes," a statement by Convergence Energy Services Ltd (CESL) said. The 100MW... Read more..

Source: The Economic Times

ONGC starts oil and gas production from West Bengal after 60 years endeavour

West Bengal gets included in ONGC’s oil and gas map with its eighth field at Ashoknagar in West Bengal starting commercial production on Sunday. ONGC first extracted 20 kilolitres of crude oil from the Ashoknagar oilfields early November this year and had sent it to Indian Oil’s Haldia refinery for processing. Dharmendra Pradhan, Union Oil & natural gas and steel minister, flagging off the commercial production through switching on sucker road pump, said: “ONGC so far has invested rS 3,361 crore for exploration of hydrocarbon in the Bengal basin to find oil... Read more..

Source: Financial Express