Orange Renewable, a 100% subsidiary of Singapore based AT Holdings Pte. Ltd, has secured a 200 MW Wind Power project in the State of Tamil Nadu under an intensely competitive global bid floated by Solar Energy Corporation of India (SECI). The company's bid of a highly competitive rate of Rs. 2.64 per unit is the lowest tariff in India and one of the lowest in the world, establishing Orange Renewable as one of the most competitive wind power producers in the world.
The second edition of the Global Renewable Energy (RE) Investors Meet and Expo (RE-INVEST 2017) will be held from 7th to 9th December, 2017 at the India Expo Centre, Greater Noida and National Capital Region of Delhi. France is the partner country for the event.
India’s energy needs are going to double in the next 6 to 7 years at the present rate of growth of the economy. Nevertheless, India would continue to grow at a brisk pace and at the same time, decrease its carbon footprint so as to maintain its commitment towards giving the future generations a cleaner environment to live in. By 2030, 40% of India’s energy needs would be met by Renewable Energy.
The Union Cabinet has approved the signing of the Memorandum of Cooperation (MoC) between India and Japan on establishing a liquid, flexible and global LNG Market. The MoC will promote bilateral relationship between India and Japan in the energy sector. It will contribute to the diversification of gas supplies for India. This will strengthen India's energy security and lead to more competitive prices for consumers.
To reduce the cascading of taxes arising on account of non-inclusion of petrol, diesel, ATF, natural gas and crude oil in GST and to incentivise investments in the E&P (exploration and production) sector and downstream sector, the GST Council in its 22nd meeting held on 6 October, 2017 has made sme recommendations for GST rate structure for Specified Goods and Services
Larsen & Toubro (L&T) has emerged as the lowest bidder of the tender issued by Energy Efficiency Services Limited (EESL) to procure 50 Lakh smart meters. The company has been selected through an international competitive bidding. The meters will be installed over a period of 3 years in a phased manner in Uttar Pradesh and Haryana. L&T quoted the lowest price of Rs. 2722, per single phase smart meter.
The wind tariff in India touched lowest level of Rs.2.64 per kWh in the second wind auction conducted by the Solar Energy Corporation of India (SECI) on behalf of Ministry of New & Renewable Energy on 4 October, 2017. The tariff discovered is much lower than first wind auction concluded at Rs. 3.46 per kWh in February this year.
Azure Power has won a contract to deliver 20 MW of solar rooftop installations for Indian Railways. As the largest rail network in Asia, Indian Railways hopes that its program to electrify all of its railway stations with solar power can have a positive impact on the country’s emissions footprint.
Tamil Nadu government has signed agreements with 16 companies that would invest Rs 9,000 crore for setting up solar power plants to generate 1,500 MW solar energy in the state. For generation of 1,500 MW power, the Tamil Nadu Electricity and Generation Distribution Corporation had floated tenders.
The Prime Minister has launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana, or Saubhagya scheme. The aim of this scheme is to provide power to all homes. The Pradhan Mantri Sahaj Bijli Har Ghar Yojana aims to provide power connections to all the estimated four crore households which currently did not have a power connection. The outlay for this scheme would be over INR 16320 crore. These connections would be provided free of cost.
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.