You are here

Sustainability Outlook Headlines

Punjab State Power Corporation Limited to set up 65 MW paddy straw power plant in Bathinda

The Punjab State Power Corporation Limited (PSPCL) is going to set up a 60-65 MW paddy straw-based power plant at the cost of Rs 150 crore. PSPCL’s board of directors (BoD) in a meeting on Wednesday cleared the proposal for the project at the Guru Nanak Dev Thermal Power (GNDTP) plant in Bathinda.
It will be one of the largest straw-based plants and around 4 lakh tonne paddy straw would be used annually to generate electricity here. Till now straw-based power plants of up to 45 MW capacity are... Read more..

Source: The Times of India

Global carbon dioxide levels hit a new record in 2017: UN

The amount of carbon dioxide in the atmosphere hit a new record last year with emissions showing no sign of slowing down, the UN World Meteorological Organization said on Thursday.

The annual Greenhouse Gas Bulletin dashed hopes for a slowdown in emissions of CO2 - the byproduct of burning fossil fuels that scientists say is the main cause of the greenhouse effect causing global warming.

... Read more..
Source: ET Energy World

Panel suggests mechanism for facilitating payments to power cos

The high-level committee for revival of stressed power assets has suggested setting up a mechanism to allow public financial institutions (PFI) like REC and PFC to discount receivables from DISCOMs and make up front payments to generating companies. 

Besides, the panel headed by Cabinet Secretary P K Sinha has also recommended that Ministry of Power may engage with the power regulators to ensure that LPS (... Read more..

Source: ET Energy World

Panel suggests mechanism for facilitating payments to power cos

The high-level committee for revival of stressed power assets has suggested setting up a mechanism to allow public financial institutions (PFI) like REC and PFC to discount receivables from DISCOMs and make up front payments to generating companies. 

Besides, the panel headed by Cabinet Secretary P K Sinha has also recommended that Ministry of Power may engage with the power regulators to ensure that LPS (... Read more..

Source: ET Energy World

IREDA feels the pinch of RBI tightening NPA provisioning norms

The Indian Renewable Energy Development Agency (IREDA) expects worsening of its asset quality with the Reserve Bank of India’s recent move to level the playing field on NPA recognition between State-owned NBFCs and private-owned ones.

It may be recalled that the central bank had earlier this year tightened the NPA recognition norms for banks and also brought NBFCs on par with them. It did not stop with that... Read more..

Source: The Hindu Business Line

10 projects worth Rs 1,573 crore approved for cleaning of Ganga

The executive committee of the National Mission for Clean Ganga (NMCG) has approved 10 projects worth Rs 1,573.28 crore, of which more than half the amount has been earmarked for Agra, the city of the iconic Taj Mahal, according to an official statement released on November 21.

Himachal Pradesh, Bihar and West Bengal are the other states where works to prevent polluted waters from reaching the Ganga, its... Read more..

Source: Money Control

Tangedco gets nod to float tenders for solar, wind power projects

The Tamil Nadu Electricity Regulation Commission (TNERC) has given its approval to Tangedco to float solar and wind power tenders for the current financial year. TNERC has set the minimum tariff for solar at Rs 3 per unit and Rs 2.65 per unit for wind.

The tenders are likely to be floated in December and the companies taking part in the bid will be given a year to commission their projects. The tariff is one of the lowest in the country. 

“Tangedco presented its application in April but the Centre wanted to change some guidelines, which it did later. Tangedco wanted to... Read more..

Source: ET Energy World

Governments, firms call on EU to set net-zero emissions goal

A group of European Union governments and companies have called for the bloc to set a path for net-zero emissions by 2050 in its long-term climate strategy next week.

In two separate letters seen by Reuters this week, ministers from 10 EU nations and business leaders wrote to the EU’s climate Commissioner urging a more ambitious policy to help limit global warming to 1.5 degrees Celsius.

... Read more..
Source: Reuters

Shapoorji Pallonji Group plans $1 billion asset sale of solar unit

India’s Shapoorji Pallonji Group plans to seek about $1 billion by bringing outside investors into its solar unit, as it embarks on a series of asset sales across the 153-year-old conglomerate to reduce debt.

The group, owned by reclusive billionaire Pallonji Mistry, will sell as much as 30 per cent in the solar engineering arm of Sterling & Wilson Pvt, said Jai Mavani, executive director at conglomerate... Read more..

Source: ET Energy World

Suzlon completes sale of subsidiaries to Canadian Solar for Rs 54.53 cr

Renewable Energy solution provider Suzlon Energy Tuesday said it has completed sale of its arm Amun and Avighna to Canadian Solar for a total consideration of Rs 54.53 crore. "The company has completed sale of Amun (Amun Solarfarms Ltd) and Avighna (Avighna Solarfarms Ltd) to canadian Solar and accordingly Amun and Avighna have ceased to be the subsidiaries of the company," a Suzlon Energy statement to the BSE said. 

... Read more..

Source: ET Energy World

World Bank to lend $310 mn to boost Jharkhand's power transmission infra

The Centre and the Jharkhand government on Tuesday signed a pact with the World Bank under which the multilateral agency will advance a loan of $310 million to boost the state's power system, mainly transmission infrastructure.

"The Jharkhand Power System Improvement Project will help build new power transmission infrastructure as well as put in place systems to improve the technical efficiency and... Read more..

Source: Business Standard

India’s SECI to float 4 GW of solar tenders in 4 months

Between November 2018 and February 2019, four solar power tenders each totaling 1 GW are set to be issued by SECI, India’s only Central Public Sector Undertaking (PSU) involved in the solar energy sector.

India has set an ambitious target of achieving 100 GW of solar power by 2022. As of September 30, 2018, the country’s cumulative installed solar capacity was 26 GW, or just a little over 25% of the target... Read more..

Source: PV Magazine

Another blow? Muted response to wind-solar hybrid scheme

In what could be seen as another blow to the country’s plan to increase the share of renewables-based power in its energy basket, solar and wind power developers have once again displayed a muted response to one of the government’s schemes for increasing renewable energy capacity. The Solar Energy Corporation of India’s (SECI) latest bid to set up 1,200 MW of wind-solar hybrid plants has attracted dismal inte-rest from the industry, with only two firms putting forward their bids, offering 1,050 MW in total.... Read more..

Source: Financial Express

National Thermal Power Corporation signs MoUs with seven vehicle aggregators including Ola, Zoom Car

NTPC has signed MoUs with vehicle aggregators Ola, Lithium, Shuttl, Bikxie, Bounce, Electrie and Zoom Car for development and utilization of public charging infrastructure. 

This collaboration with aggregators, having presence in the entire spectrum of e-mobility across India, will lead to development of charging infrastructure for the various vehicle segments as well as effective utilisation of public... Read more..

Source: ET Energy World

Discoms will have to pay Rs 2,000 cr to solar companies as GST claims

State power distribution companies (discoms) will have to shell out nearly Rs 2,000 crore as one-time compensation towards GST impact to solar power developers, according to rating agency Icra. The Central Electricity Regulatory Commission (CERC), in its order in October, had approved the claims raised by solar power developers related to the impact of introduction of the goods and service tax (GST) on their capital cost.

... Read more..

Source: Financial Express

Companies stay away from solar tender linked to manufacturing

A 10 GW solar tender that required power generators to set up equipment manufacturing facility received lukewarm response despite the government raising the ceiling tariff, sparking speculations of the tender being scrapped. The final date of bid submission was Monday.

The manufacturing-linked tender was first floated by Solar Energy Corporation of India (SECI) in May this year in a bid to boost local... Read more..

Source: ET Energy World

BASIC ministerial joint statement to reflect its stand on key issues ahead of COP24

Forging a common ground ahead of the UN climate conference, negotiators of BASIC (comprising Brazil, South Africa, India and China) group on first day of their meet on Monday listed their priorities under the Paris Agreement Work Programme which will ensure implementation of the global climate deal after 2020.

The programme is expected to be adopted at the UN conference (COP24) in Katowice, Poland next month... Read more..

Source: The Times of India

Chandigarh plans to install 3 MW solar plant

In what can be seen as the first of its kind, a solar power plant will be installed on a seasonal rivulet in the city. Chandigarh Renewal Energy, Science and Technology Promotion Society (CREST) is planning to install a 3 MW solar power plant on Nchoe, which passes through Garden of Springs, Sector 53, at the southern end of Chandigarh.

Apart from this, CREST also wrote a letter to different department heads... Read more..

Source: The Times of India

Uttar Pradesh launches 200MW solar park tender

Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has issued a request for selection (RfP) for a 200MW solar park to be awarded through competitive bidding.

The power produced from the winning projects will be sold to the distribution company UPPCL or to third-parties under the open access scheme. The minimum project size will be 50MW and the maximum 200MW.

... Read more..

Source: PV Tech

Solar, wind cheapest energy source in all major economies except Japan: BNEF

Solar and wind are now the cheapest new source of energy generation in all major economies, except Japan. This includes China and India, where not long ago coal was the king. In India, best-in-class solar and wind plants are now half the cost of new coal plants. These are the findings of the latest energy cost analysis by Bloomberg NEF.

Bloomberg NEF runs its Levelized Cost of Electricity (LCOE) analysis... Read more..

Source: ET Energy World

26 GW renewable energy tenders issued, says IREDA chairman

The government is planning incentives to promote renewable power and it has already issued tenders for setting up 26-GW clean energy capacities, a top IREDA official said Friday. 

Indian Renewable Energy Development Agency (IREDA) Chairman K S Popli said India is planning to produce 50 GW (from clean energy sources) in the next few years. 

... Read more..

Source: The Economic Times

New capacity edition for Nov-Feb: Govt asks Solar Energy Corp to bring tenders of 4000 MW

With the government facing criticism over unfulfilled promises and unmet targets, the Solar Energy Corporation of India (SECI) has been asked to bring tenders of 1000 MW each in the months from November to February for new capacity edition. The proposal to add around 4000 MW — to the already installed 25000 MW solar capacity — is not likely to expedite the process of meeting the central government’s target of one lakh MW of solar capacity by 2022.

... Read more..

Source: The Indian Express

Compressed biogas to beat petrol & diesel by giving 30% better mileage by 2023

Poised to bring about revolution in fuel efficiency, Compressed biogas (CBG) priced at Rs 46 per kilo under Sustainable Alternative Towards Affordable Transportation (SATAT) will give 30% better mileage in vehicles as compared to petrol and diesel.

To be produced from paddy straw and cow dung, CBG is set to invade the Indian markets by 2023. This was stated by Ministry of Petroleum and Natural Gas director... Read more..

Source: The Times of India

Nationa Highway Authority of India installs solar lights at dangerous spots on bypass

In a move to prevent road accidents, the National Highways Authority of India (NHAI) will tap solar energy to light up the 32km-stretch of Chennai bypass that connects four national highways. The stretch, according to Chennai city police, was deadly for road users, particularly during night hours, as it was poorly lit. 

The Chennai bypass connects NH 4 (Chennai-Bengaluru), NH 5 (Chennai-Kolkatta), NH 205 (... Read more..

Source: ET Energy World

Gas Authority of India Limited likely to buy IL&FS wind energy assets

State-owned gas utility company GAIL (India) Ltd is considering acquiring all of the wind energy assets held by subsidiary of debt-laden Infrastructure Leasing and Financial Services (IL&FS), according to people familiar with the matter.

GAIL India is looking to buy 775 megawatts (MWs) of wind energy assets from IL&FS Energy Development Co., a unit of IL&FS, and has approached investment bankers... Read more..

Source: Live mint