Assam Petrochemicals Limited (APL) is planning invest about INR 1337 crore to set up second unit for producing methanol and Formalin. The new plant in Namrup in Upper Assam will produce 500 tonnes per day (TPD) Methanol and 200 TPD Formalin. With these the overall capacity of APL will be augmented to 600 TPD of Methanol and 325 TPD of Formalin.
Four companies have been finalized to provide 500 MW solar power to Gujarat Urja Vikas Nigam Limited (GUVNL) through reverse e-auction. These companies, which have emerged as winners, are Azure Power, Tamil Nadu-based GRT Jewellers (India) Pvt Ltd, Gujarat State Electricity Corporation Limited (GSECL) and Gujarat Industries Power Company Ltd (GIPCL).
The government has plans to make poor women happy by gifting clean cooking fuel. The new scheme called Ujjwala Plus will allow individuals to donate cooking gas connections to poor households. Individuals who engage themselves can benefit the tax benefits under Section 80G of tax norms.
The government has decided to postpone second wind power auction for 1 GW capacities which was scheduled for 19 September, 2017 to 4 October, 2017 in view of some issues about transmission connectivity between states. Certain bidders and developers are grappling with the issue of inter state transmission connectivity. The government is waiting for a Central Electricity Regulatory Commission (CERC) clarification on inter state power transmission connectivity.
NTPC has invited national and international players to set up 100 waste-to-energy pollution-free plants across the country under the Swachh Bharat Mission. NTPC has started work on a waste-to-energy project in Badarpur early this year. The Rs. 300 crore plant would have the capacity to process 400 tonne of garbage per day from South Delhi Municipal Corporation.
Bharat Petroleum Corporation Limited (BPCL) has approved the draft scheme for amalgamation of Petronet CCK Limited (PCCKL), a wholly owned subsidiary for integrated operations and better control. PCCKL is engaged in transport of petroleum products through a dedicated 292 Kilometer multi product pipeline constructed primarily for evacuation of petroleum products from Kochi refinery in Kerala.
Energy Efficiency Services Limited (EESL) has launched UJALA (Unnat Jyoti by Affordable Lighting for All) Scheme in the State of Melaka in Malaysia. In due course of time, the successful Indian model of UJALA scheme has become a sought-after example for the different nations of the world and will now be implemented in Melaka to extend programme benefits to people of the region.
Petronet LNG is planning build a Liquefied Natural Gas (LNG) import terminal in Sri Lanka in collaboration with Japanese and Lankan companies. The Sri Lankan government issued a Letter of Intent (LoI) to the Indian government in this regard on 1 September, 2017.
Symbolising the growing hydrocarbon engagement between India and Myanmar, the first consignment of 30 MT of High Speed Diesel was sent from India to Myanmar on 4 September, 2017 by land route. Numaligarh Refinery Ltd. (NRL), which has been supplying HSD to Bangladesh, dispatched the first diesel consignment through NH 37 across the Moreh Custom Check Point on the Indian side and Tamu Custom Check Point on the Myanmar side.
ABB India will provide solar inverters to 750 railway stations in north India in a bid to reduce dependence on traditional sources of energy. Indian Railways, which runs one of the largest railway networks in the world, carries more than 8 billion passengers annually. The 750 stations are located in the busy northern Indian part of the network, one of the most used railway corridors in the world.
Singapore-based Sembcorp Industries would acquire IDFC’s stake in Sembcorp Green Infra (SGI) in a Rs 1,410.2-crore deal, or for approximately $301 million. Its wholly-owned subsidiary, Sembcorp Utilities, has entered into an agreement to acquire IDFC Private Equity Fund III’s remaining 28 percent stake in SGI. With this, Sembcorp would become the sole owner of SGI.
Three companies have qualified in the bidding, held by Tamil Nadu for 500 MW of wind power projects. These companies would now set up 900 MW of wind power projects. Six months after the first auction of projects, this second auction has seen wind power tariff falling to a record low of Rs 3.42 per unit.
Indian Oil Corporation Limited is planning to spend Rs 1.8 trillion over the next 5 to 7 years to expand refining capacity and build its new businesses. The company's annual general meeting was held on 29 August, 2017.
Adani Enterprises plans to begin work in October to build the Carmichael coal project in Australia, aiming to make its first shipment in March 2020. The project has been delayed for years by court challenges from green groups and indigenous groups concerned about climate change, and the impact on native land and water supply, but those challenges have been rejected.
Actis Energy Fund-backed Arinsun Clean Energy Private Limited will develop a 250 MW solar park at a cost of $200 million at the Rewa Ultra Mega Solar Park in Madhya Pradesh. The International Finance Corporation (IFC) is planning to back the project. The project was won by Solenergi Power Private Ltd (SPPL), a company instituted under ACTIS Energy Fund 4, within the 750 MWac Rewa Ultra Mega Solar Park in the Rewa district of Madhya Pradesh.
The NITI Aayog has released Three Year Action Agenda which is an integral part of the 15-year Vision Document of India being drafted by the NITI Aayog.
The energy sector is one of the key drivers of economic growth and development. Access to reliable sources of energy is a crucial issue. Chapter 13 of "India - 3 Year Action Agenda 2017-20" discusses this subject including actions necessary for increasing energy consumption and increasing energy efficiency and production. It pays particular attention to how we may improve the efficiency of distribution of coal, electricity, oil & gas, and harness renewable energy.
Availability of electricity, petrol, diesel and gas at competitive prices is essential for the efficient functioning of energy user sectors, which include households, transportation, industry, agriculture and the government and comprise nearly the entire economy. But being a large sector, energy also contributes directly to the growth of the economy in a major way.
The Goa government haslaunched three biofuel-powered buses on a pilot basis. The project is a part of the state government’s comprehensive mobility plan announced in the recent budget.
Tata Power has synchronized 186 MW Shuakhevi hydro project in Georgia. The company has also commenced stabilisation procedures to ensure smooth operations for the project, which commenced construction activity in 2013.
IBC Solar has signed a 25-year power purchase agreement (PPA) with Solar Energy Corporation of India (SECI) for 20 MW Odisha plant. The developer had bagged the project in bidding held by SECI for 270 MW capacity in the state in 2016. The project is scheduled for commissioning in late 2017.
Power Grid board has approved company management’s proposal for investment of Rs 1,931.39 crore for High Voltage Direct Current (HVDC) bipole link between western and southern regions. The project is to be completed within 30 months after board’s approval to the investment proposal.