Wind power solutions provider Vestas is planning to ramp up its equipment manufacturing capacity at Ahmedabad plant to 600 MW in 2 to 3 years from existing 200 MW to get a bigger share of over 5,000 MW annual market in India.
The government plans to auction wind power projects of about 4 GW capacity in tranches this year. The SECI is the nodal agency for holding the auctions this fiscal, part of the government's plan to set up wind power capacity of 60 GW by 2022.
ABB India has bagged a contract worth Rs 178 crore from Power Grid Corporation of Bangladesh (PGCB) for setting up two new sub stations and upgrading two existing ones. Under the contract, the design, engineering, system integration and supply of key products will be executed in India.
Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, presided over the signing of Power Purchase Agreements (PPA) between Delhi Metro Railways Corporation (DMRC) & Madhya Pradesh Power Management Company (MPPMC) with Rewa Ultra Mega Solar Limited, the implementing agency for the world’s largest single site solar power project - the Rewa Ultra Mega Solar Power Project (UMSPP, 750 MW) in Bhopal.
Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, Shri Piyush Goyal, and UK’s Secretary of State for Business, Energy and Industrial Strategy, Mr. Greg Clark, chaired the inaugural India-UK ‘Energy for Growth’ Dialogue. The dialogue takes forward the commitment of Prime Minister of India, Shri Narendra Modi and Prime Minister of UK, Ms. Theresa May for an enhanced ‘Energy for Growth’ Partnership between the two countries.
As per Central Electricity Authority (CEA), the Designated Authority of Government of India for Cross Border Trade of Electricity, first time India has turned around from a net importer of electricity to net exporter of electricity. During the current year 2016-17 (April to February 2017), India has exported around 5,798 Million Units to Nepal, Bangladesh and Myanmar which is 213 Million units more than the import of around 5,585 Million units from Bhutan. Export to Nepal and Bangladesh increased 2.5 and 2.8 times respectively in last three years.
Crude oil production during February, 2017 was 2797.26 TMT which is 5.37% lower than target and 3.40% lower when compared with February 2016. Cumulative crude oil production during April, 2016 - February, 2017 was 32918 TMT which is 2.58% and 2.84% lower than target and production during corresponding period of last year respectively.
The Government has approved a new scheme to provide financial assistance or capital subsidy to small powerloom units, for installation of Solar Photo Voltaic (SPV) plant, in order to alleviate the problem of power cut and shortages faced by decentralized powerloom units in India.
The Cabinet Committee on Economic Affairs has given its approval for marketing and pricing freedom to the Coal Bed Methane (CBM) Contractors to sell the CBM at Arm's Length Price in the domestic market. While discovering the market price for Arms Length Sales, the Contractor has to ensure a fully transparent and competitive process for sale of CBM with the objective that the best possible price is realized for the gas without any restrictive commercial practices.
NTPC has started power generation from India’s largest floating solar power plant at Kayamkulam in Kerala, on 10 March, 2017. The 100 kWp floating solar generation plant, largest of its kind in India, was indigenously developed at Rajiv Gandhi Combined Cycle Power Plant (RGCCPP) in Kerala’s Kayamkulam district.
Union Cabinet has given its ex-post facto approval to the Memorandum of Understanding (MoU) between the National Productivity Council, an autonomous body under the Department of Industrial Policy & Promotion, Ministry of Commerce & Industry, and Al Etihad Energy Services UAE, to provide various services in the field of energy management and conservation.
The Cabinet Committee on Economic Affairs has approved an investment for generation component of Arun-3 HEP (900 MW) for an estimated cost of Rs. 5723.72 crore at May 2015 Price Level. The completion period of the project shall be 60 months from the date of financial closure which is planned for September this year. Ex-post facto approval for the existing implementing agency, already incorporated in the name of SJVN Arun-3 Power Development Company (P) Limited (SAPDC) registered in Nepal as a 100% subsidiary of SJVN Limited for implementing the project.
Mytrah Energy has signed pacts for 2,000 MW of renewable power projects worth INR 13,000 crore in Andhra Pradesh. The MoUs were s ignedin the presence Chief Minister N Chandrababu Naidu at the Partnership Summit held in Visakhapatnam.