Montreal-headquartered pension fund Caisse de dépôt et placement du Québec (CDPQ), one of Canada’s leading institutional fund managers with C$248 billion (US$186.50 billion) in net assets as at December 31, 2015, has announced the establishment of an office in New Delhi.
Lapp India, a 100% subsidiary of the Lapp Group, Germany and a leading supplier of integrated solutions and branded products in the field of cable and connection technology in India has received ISO 14001:2004 certification from TUV Rheinland.
The actual capacity addition in solar power generation in 2015-16 should be 2,700 MW, compared to the target of 2,000 MW, cumulative capacity addition in solar power has already reached.
The Prime Minister Shri Narendra Modi will embark his visit to Portugal, USA and Netherlands tomorrow. The PM said that this visit is aimed at enhancing the bilateral engagement in various areas.
"I will pay a working visit to Portugal on 24 June 2017. Our close historical and friendly ties have picked up momentum after H.E. Prime Minister Antonio Costa’s visit to India in January 2017.
I am looking forward to my meeting with PM Costa. Building on our recent discussions, we will review the progress of various joint initiatives and decisions. We will also discuss ways to further enhance the bilateral engagement, especially in the areas of economic cooperation, science & technology, space collaboration and people to people ties. We will deliberate on means to intensify our cooperation in counter-terrorism and on other international issues of mutual interest. I also see significant potential for deepening bilateral trade and investment ties.
I am also keen to interact with the Indian Community in Portugal during the visit", the Prime Minister said.
The Prime Minister will be visiting Washington, D.C. on 24-26 June.
"I will be visiting Washington, D.C. on 24-26 June at the invitation of President Donald J. Trump. President Trump and I have spoken on telephone prior to this. Our conversations have touched upon our common intent to take forward our productive all round engagement for the mutual benefit of our people. I look forward to this opportunity to have an in depth exchange of views on further consolidating the robust and wide ranging partnership between India and the United States.
India’s partnership with the United States is multi-layered and diverse, supported by not just Governments but all the stakeholders on both sides. I look forward to building a forward looking vision for our partnership with the new Administration in the United States under President Trump.
Apart from official meetings with President Trump and his cabinet colleagues, I will be meeting some prominent American CEOs. As in the past, I look forward to interacting with the Indian diaspora in the United States as well."
The PM will also visit the Netherlands on 27 June 2017.
"I will be visiting the Netherlands on 27 June 2017. We are celebrating 70 years of the establishment of Indo-Dutch diplomatic relations this year. During the visit, I will have an official meeting with the Dutch Prime Minister H.E. Mr. Mark Rutte. I will also call on King Willem-Alexander of the Netherlands and meet Queen Maxima.
I look forward to meeting Prime Minister Rutte and reviewing our bilateral relations. I would be exchanging views with PM Rutte on important global issues including counter-terrorism and climate change.
Economic relations form the core of our bilateral relations. The Netherlands is our 6th largest trading partner in the EU and 5th largest investment partner globally. The Dutch expertise in areas such as water and waste management, agriculture and food processing, renewable energy and ports and shipping, matches with our development needs. Indo-Dutch economic engagement is a win-win proposition. I will discuss with PM Rutte as to how the two sides should work to further harness the synergies. I will also be meeting with CEOs of major Dutch companies and will encourage them to join the Indian growth story.
There are strong people to people relations between the two countries with the presence of second largest Indian Diaspora in Europe in the Netherlands. I look forward to engaging with the Indian community in the Netherlands", the Prime Minster said.
RattanIndia Group firm RattanIndia Solar 2 Ltd has won solar project of 50 MW capacity at Allahabad in Uttar Pradesh. "The project was won at a tariff of Rs 4.43 per unit plus a viability gap funding of Rs 75 lakh per MW in reverse e-auction conducted by Solar Energy Corporation Limited (SECI).
Overall combined capacity of 440 MW was offered in this bid out of which 50 MW was for Allahabad. The land for the project will be provided by Uttar Pradesh. "RattanIndia has solar projects of more than 240 MW spread across various states of India. All of our solar farms have fully acquired land.
Earlier, RattanIndia had won 70 MW of solar project in Rajasthan through NTPC and 40 MW of solar project in Maharashtra through SECI.
The group is also implementing 10 MW of grid connected solar rooftop projects on CPWD buildings in Delhi and West Bengal which includes important government buildings like The Supreme Court of India and Krishi Bhawan.
JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced that it has supplied 23MW of high-
Shri Piyush Goyal, Union Minister of State (IC) for Power, Coal, New & Renewable Energy and Mines, interacted with the Electricity Regulators during the 60th Meeting of the Forum of Regulators (FoR) here today.
In his address, Shri Goyal reiterated that while the Forum is a recommendatory body, it is incumbent upon the regulators to implement its recommendations in true spirit. For instance, the Forum has made salutary recommendations on RPO compliance including the need and framework of penalty for non-compliance of RPO. Model framework for energy accounting and settlement – which is the basic building block for energy transaction, has also been evolved. States should implement all such recommendations mandatorily in the larger interest of the development of the power sector , Shri Goyal added.
The Minister further stated that role of the States is of paramount importance in carrying forward reforms in power sector. The Government has come up with important policy initiatives to address chronic issues of power sector through its “UDAY” and “Power for All” schemes. These schemes are not only aimed at resolving legacy issues, but also provide futuristic roadmap leading to non-recurrence of any of the past problems. State Governments and State Utilities are the major stakeholders in implementation of the scheme. However, the Regulators have a critical role to play in ensuring speedy implementation and close monitoring of compliance of the norms and trajectories specified in the UDAY scheme.
Shri Goyal , while drawing attention to the issues which are sub judice at different judicial platforms, asked the Regulators to critically examine the matters before them and offer innovative solutions, so that time lag in approaching judicial forums seeking solutions could be reasonably avoided.
While stressing the need for independent and efficient discharge of duties by the Regulators, the Power Minister assured full cooperation of the Centre in resolving any issue that might come in the way of their taking decisions professionally. He drew attention towards the problems of stressed assets and solicited cooperation of the Regulators in resolving them and helping revive such assets. Since we have more than thirty State Electricity Regulators having different interpretation about some issues, he urged them to have uniformity in approach in the true spirit of implementation of Act and Policies.
Shri Goyal emphasised on the need for structured peer review by the Regulators themselves, which could set an example of self imposed accountability. He requested the Regulators to come up with State-wise while papers highlighting the problems specific to States and suggesting possible measures to address the same and offered to have a dedicated brainstorming session to jointly resolve such matters and take the reforms story forward in power sector.
The Power Minister also appreciated the CERC for going digital on June 15, 2017 when it conducted hearing through electronic mode– the first of its kind in any quasi judicial regulatory authority in India. The initiative is in line with the spirit of the Digital India initiative of the Government of India, and seeks to achieve economy and efficiency in disposal of petitions. Shri Goyal appreciated the active role being played by the FoR. Since its inception in 2005, the Forum has held 60 meetings so far and discussed and evolved consensus on wide ranging issues facing the power sector.
It was mentioned that initiative taken by Ministry of power to bring transparency in the procurement of Short term requirement of power through e-Bidding route using DEEP Portal has resulted in the substantial cost savings to the tune of approximately Rs 2000 Crs in the Financial Year 2016-17 with respect to previous year 2015-16.
During the meeting, Shri Goyal also launched Web Portal ‘MERIT’ i.e. Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency and ‘Weather Portal for Power Sector’ . He also released Report on ‘Operational Analysis for Optimization of Hydro Resources & facilitating Renewable Integration in India.
FoR is a statutory body headed by Chairperson of Central Electricity Regulatory Commission (CERC) and having Chairpersons of all State Electricity Regulatory Commissions as its Members.
Renewable sector, currently a beneficiary of several indirect tax exemptions, may be a big loser if goods and service tax is implemented since the bill proposes to revoke most of these exemptions. Costs and tariffs are expected to rise by 12-20% as a result.
For AlsoEnergy, the top selling independent monitoring provider for commercial PV in North America, this partnership is an opportunity to extend international coverage for sales and support.
Shri Piyush Goyal Union Minister of State (IC) for Power, Coal , New & Renewable Energy and Mines launched Weather Portal for Power Sector in association with POSOCO and IMD at the meeting of the Forum of Regulators here today .
Day to day weather variations have an impact on load demand and energy production, transport and distribution management, as well as energy prices. Extreme events such as heat waves or cold waves, wind storms or floods can of course have dramatic consequences on the production means or the electrical grid of a country including physical damage to the infrastructure. The information available in the Portal regarding weather forecast shall help State Discoms to take pro-active steps regarding short term and medium term management processes and supply planning requirements and also for better planning for infrastructure availability to ensure cost effective and reliable supply.
The Portal provides the following information :
· Regional Weather Summary : This provides Weather Outlook for the Region for the current day and upto next 7 days. Weather stations of Meteorological department have been mapped to the nearest important Electrical Station/ Power Stations in each State.
o Nowcast: It is used to forecast weather for a short period ahead, updated every 3 hours
o Weather Forecast: It is provided for the current day and next 6 days
o Weather Warning: Special Nowcast warning is issued for the next 3 hours.
· Radar: The Doppler Weather Radar generates different displays and derived products of practical utility based on standard algorithms. These displays are updated every 10 minutes.
· Satellite Images: INSAT 3D is being used to monitor the Weather of Indian Origin. The image is updated every 30 minutes.
· Meteogram- The Meteogram at Web-Portal provides plots for Meteorological variables such as Rainfall, Cloud Cover, Temperature, Humidity, Wind, Speed, Sea Level Pressure, Indices for Thunderstorm etc. for 10 days with a resolution time of three hours. Each Meteogram provides information for the 10 km radius.
· Region Specific Forecast - Fog Forecast, Metar, Bay Bulletin, Coastal Area Bulletin, Cyclone, Port Warning etc.
During the meeting Shri Goyal launched another portal ‘MERIT’ (Merit Order Despatch of Electricity for Rejuvenation of Income and Transparency). This has been developed by Ministry of Power in association with POSOCO and Central Electricity Authority. The MERIT Web portal displays extensive array of information regarding the merit order of Electricity procured by State(s) such as daily state-wise marginal variable costs of all generators, daily source-wise power purchases of respective states/UTs with source-wise fixed and variable costs, energy volumes and purchase prices. The web-portal also give information regarding reasons for deviation from merit order such as must run conditions, transmission constraints etc. The Web Portal can be accessed at “http://vidyutmode.in/”
Information available in the Portal shall help State Discoms to optimize their power procurement in more efficient way leading to lower cost of power to consumers. It will facilitate must run status for hydro and renewables and will promote use of green and clean power more transparently. It will also promote competition for lower costs as information will be available to all Stakeholders including generators and utilities for more efficient procurement. Since the information will be available to all consumers on continuous basis it will create pressure on utilities for continued efficiency.
The advantages of “Merit” Portal are as follows:
Ø Empowerment of the Consumer and participative governance
Ø Transparent information dissemination pertaining to marginal variable cost and source wise purchase of electricity
Ø Promotes economy and efficiency in operations
Ø Demystifies the utility portfolio and its complexity
Ø Optimization of the power procurement costs
Ø Facilitates renewable integration and handling of the variability and uncertainty of renewables
Ø Indication of supply side reliability, adequacy, and cost of power procurement
At the meeting, Shri Goyal also released FOLD-POSOCO Report on Operational Analysis for Optimization of Hydro Resources & facilitating Renewable Integration in India .The report also elaborates on the operational constraints being faced by the hydro stations.
The report concludes that there is scope for additional peaking support of 3000-5000 MW with equivalent amount of backing down in off-peak hours from the existing hydro power stations. The gain from the optimized despatch on annual basis is estimated to be 5 paisa per unit which is equivalent to earning of the order of Rs. 600 crore per year at all India level.
The government's prestigious environmental friendly project - Solar Rooftop Net Metering (SRNM) - is behind its target set by the Eastern Power Distribution Company of AP Limited (APEPDCL) covering five coastal districts.
High voltage switchgear to support Saudi Arabia’s first integrated solar and natural gas power plant
PSLV-C38 lifted off at 0929 hrs (9:29 am) IST, as planned, from the First Launch Pad. After a flight of about 16 minutes, the satellites achieved a polar Sun Synchronous Orbit of 505 km inclined at an angle of 97.44 degree to the equator (very close to the intended orbit) and in the succeeding seven and a half minutes, all the 31 satellites successfully separated from the PSLV in a predetermined sequence beginning with Cartosat-2 series satellite, followed by NIUSAT and 29 customer satellites. The total number of Indian satellites launched by PSLV now stands at 48.
After separation, the two solar arrays of Cartosat-2 series satellite were deployed automatically and ISRO's Telemetry, Tracking and Command Network (ISTRAC) at Bangalore took over the control of the satellite. In the coming days, the satellite will be brought to its final operational configuration following which it will begin to provide various remote sensing services using its panchromatic (black and white) and multispectral (colour) cameras.
One of the 30 co-passenger satellites carried by PSLV-C38 was the 15 kg NIUSAT, a University/Academic Institute satellite from Nurul Islam University, Tamil Nadu, India. The remaining 29 co-passenger satellites carried were international customer satellites from USA (10), United Kingdom (3), Belgium (3), Italy (3), Austria (1), Chile (1), Czech Republic (1), Finland (1), France (1), Germany (1), Japan (1), Latvia (1), Lithuania (1) and Slovakia (1).
With today’s successful launch, the total number of customer satellites from abroad placed in orbit by India’s workhorse launch vehicle PSLV has reached 209.