An auction to award 500 MW of wind power contracts in Maharashtra on 6 March, 2018 saw tariffs firming up, breaking a streak of plummeting prices for electricity generated from the renewable energy source. Adani Green Energy and KCT Renewable Energy offered to supply electricity at Rs 2.85 per unit in their bids for 75 MW each. All other winners of the auction, conducted by Maharashtra State Electricity Distribution Company Ltd, quoted a higher amount.
Amplus Energy Solutions has signed agreements with Maharashtra and Andhra Pradesh to build solar projects with an investment of Rs 2,700 crore. The company has signed an MoU with Andhra Pradesh to install 200 MW solar capacity with investment of Rs 1,200 crore. The project is expected to create 400 jobs in the state.
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), has signed a pact with Iran's IDRO Oil to jointly bid for a USD 1 billion contract for development of Susangerd oilfield in southern Iran. The onland Susangerd field in the Khuzestan province is one of the newest finds, which Iran hopes will produce around 30,000 barrels per day of oil in two development phases.
Battery Energy Storage is an upcoming area for grid stability and rural electrification with microgrids. Power Sector is facing many conflicting situations affecting the stakeholders. The two day workshop will deliberate on issues regarding battery energy storage, its testing, quality analysis & battery management systems and microgrids.
A new study by US based Institute for Energy Economics and Financial Analysis (IEEFA) places Tamil Nadu in the ninth spot globally among areas that generate wind and solar power. The report, "power-industry transition, here and now", includes case studies of markets - ranked by relative share of reliance on variable renewables - that include Denmark, South Australia, Uruguay, Germany, Ireland, Spain, Texas, California, and Tamil Nadu.
Power trading arm of NTPC Ltd, NTPC Vidyut Vyapar Nigam (NVVN) has emerged as a winner in a tender for supply of 300 Megawatt (MW) power to Bangladesh. Bangladesh Power Development Board (BPDB) had invited a tender for supply of 500 MW power from India under short-term basis between June 2018 and December 2018 and also long-term basis for the period between January 2020 and May 2033.
Reliance Infrastructure has bagged a Rs 567 crore order from National Thermal Power Corporation (NTPC) to build a flue gas Desulphurisation (FGD) plant at its 1500 MW (3 x 500 MW) power plant at Jhajjar in Haryana. The scope of the work includes design, engineering, manufacture, erection and civil work, as well as testing and commissioning of the FGD system.
Solar tariffs rose sharply from their lowest level in the latest solar auction of 860 MW conducted by Karnataka's Renewable Energy Development Ltd (KREDL). The lowest price was Rs 2.94 per unit, above the winning tariffs of Rs 2.47 and Rs 2.44 per unit at the last two auctions in Rajasthan in December and May in 2017 respectively.
The Kusum (Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme was announced in the Union Budget in 2018. The scheme provides for 17.5 lakh off grid solar pumps to begin with. The Indian farmer will effectively bear only 10 percent of cost for solarising his agricultural pump under a scheme unveiled in the Budget 2018-19.
Longi Solar will be the first Chinese solar company to set up manufacturing facilities in India. The new facility, located in Sri City, Andhra Pradesh, will manufacture 500 MW of monocrystalline cells and modules, respectively. The first phase will see a INR 1,700 crore (around US $26.7 million) investment.
AES India, a subsidiary of US-based AES Corporation, and Mitsubishi Corp has started construction on India's first utility-scale energy storage system, a 10 MW facility that will serve the electric grid operated by Tata Power Delhi Distribution Ltd, the power distribution arm of Tata Power.
The 16th International Energy Forum (IEF) Ministerial will be held in April in New Delhi. The conference, considered to be the largest gathering of energy ministers, is being held for three days beginning 10 April and is expected to witness participation from 92 countries including 50 energy ministers, 70 Chief Executive Officers (CEO) of global oil and gas companies and apex bodies like Organization of Petroleum Exporting Countries (OPEC), International Energy Agency (IEA) and International Gas Union (IGU).
Bharat Heavy Electricals Ltd (BHEL has bagged a major Rs 2,800 crore contract for setting up a 660 Megawatt (MW) super-critical thermal power plant in Maharashtra. The project will be set up as an expansion of the 1,420 MW Bhusawal Thermal Power Station operated by Maharashtra State Power Generation Company (MAHAGENCO) in Jalgaon district, Maharashtra.
Energy Efficiency Services Ltd (EESL) has invited a bid for 2,000 electric vehicle chargers for the second phase of its EV programme, which will see the roll out of 9,500 electric vehicles across different states. EESL, which is a joint venture of PSUs under the power ministry, had floated a global tender for 10,000 electric vehicles to replace the government fleet. The tender was split in two parts, where 500 vehicles were to be procured in phase one, while the remaining would be procured in the second phase.
Amplus Energy Solutions has signed an MoU with Yes Bank for a strategic tie-up to co-finance projects in the solar energy sector in India. Yes Bank, which has been focusing on funding green energy projects in India, also announced that it will mobilise USD one billion by 2023 for financing solar energy projects in India and USD five billion till 2030. The total projects capacity under the partnership of Amplus Energy Solutions and Yes Bank is expected to be up to 1,000 MW.
Coal India Ltd (CIL) hiked thermal coal prices for both power and non-power consumers with immediate effect, a decision which would jack up energy prices by up to Rs 0.50 per unit. The company has hiked prices of non-coking coal which will raise average coal price by about 8.5 percent. the hike has been made for the survival of the company which requires implementation of cutting-edge new technologies and environment sustainability.
The Union Cabinet has approved the signing of a Memorandum of Understanding (MoU) between India and Israel on cooperation in the oil and gas sector. The signing of the MoU assumes importance as it comes close on the heels of Israel’s announcement of granting oil exploration license to a consortium led by ONGC Videsh (OVL) with Bharat PetroResources, Indian Oil and Oil India as other partners.
Singareni Collieries Company Limited (SCCL) expects the coal production to touch 85 million tonnes per annum in the next five years as it plans to open up 12 new mines. The company transported 46.7 million tonnes of coal as on December 2017 against 42.7 million tonnes for the first nine months of the fiscal. The production was pegged at nearly 42 million tonnes.
Thirteen entities, including private power companies and banks have evinced interest in a tender floated by NTPC, seeking buyout of stressed assets. These entities have bought the bid document and are expected to offer their stressed assets to NTPC. NTPC has extended the deadline for submission of applications by four weeks.
NTPC Ltd has clocked highest-ever quarterly electricity generation in the October-December period of 2017. NTPC has recorded its highest-ever quarterly generation of 67,781 million units (MUs) during Q3 of FY 2017-18 which is 10.39 percent more than the generation of 61,400 MUs recorded during the corresponding period of last year.
Reliance Industries (RIL) has bought one of the largest petrochemical policies in the world with an insurance cover in excess of Rs 3 lakh crore for its refinery and petrochemical plants located at Jamnagar and Hazira in Gujarat. The cover has been provided by New India Assurance and other co-insurers with support from GIC Re, which bears the bulk of the risk in this cover.
Indraprastha Gas Limited (IGL), a City Gas Distribution (CGD) entity in Delhi, Noida, Greater Noida and Ghaziabad had started "IGL Smart Card Program" at all its CNG stations in October 2017 for promoting cashless transactions as a part of "Digital India" campaign. IGL Smart Card is a Prepaid NFC enabled card, designed to benefit both fleet as well as retail CNG Customers to reduce the transaction time.
Oil and Gas PSUs have management approved Advertising and Communication Policy. Print and electronic media are selected as per this policy and publicity requirements of the Company, based on the criteria of target audience, business requirement, nature of communication, geographic spread and linguistic balance.
The Government has issued Guidelines under Section 63 of the Electricity Act, 2003 providing a framework for procurement of wind power through a transparent process of bidding including standardization of the process and defining of roles and responsibilities of various stakeholders. These Guidelines aim to enable the Distribution Licensees to procure wind power at competitive rates in a cost effective manner.
With a view to accelerate the deployment of rooftop solar power in India, the Ministry of New and Renewable Energy (MNRE) has prepared a concept note on "Sustainable Rooftop Implementation for Solar Transfiguration of India (SRISTI)". The Government has set a target of reaching 100 GW of solar power installed capacity in the country by 2022, of which 40 GW is targeted through solar rooftop.