MNRE Issues Fresh Advisory Against Fraudulent Websites Inviting Registration Under Kusum Scheme
Ministry of New & Renewable Energy (MNRE) issued a fresh advisory against fraudulent websites claiming registration under Pradhan MantriKisanUrja Suraksha evamUtthaanMahabhiyan (PM-KUSUM) Scheme. It is recently noticed that two new websites have recently cropped up illegally claiming registration portal for PM-KUSUM Scheme. Web addresses of the said websites are https://kusum-yojana.co.in/ and https://www.onlinekusumyojana.co.in/. The miscreants behind these websites are potentially duping the general public and misusing data captured through these fake portals. MNRE stated that it is taking action against the miscreants behind these websites and advised all potential beneficiaries and the general public to be informed and avoid depositing money or data on these websites.
NTPC Singrauli Exhibits Exceptional Operational Efficiency
National Thermal Power Corporation (NTPC) Ltd, a central PSU under the Ministry of Power stated that Singrauli Unit 1, has emerged as the top-performing Unit in the country in the first quarter of the financial year, as per the data released by Central Electricity Authority (CEA). NTPC Singrauli is the oldest Unit and a flagship power station of NTPC Ltd. The first unit of the station started generating on February 13, 1982, and continues to serve the country with exceptional performance.According to NTPC Ltd, NTPC Singrauli has an installed capacity of 2000 MW with five units of 200 MW each and two units of 500 MW each. Three units (1,4 & 5) of 200 MW have achieved PLF of 101.96%, 101.85% & 100.35% respectively in Q1 FY 20-21. NTPC has also won the prestigious CII-ITC Sustainability Award 2019, under Outstanding Accomplishment in Corporate Excellence Category.
Solar And Wind Energy to Power the Railway Electricity Grid In A Big Way
The Ministry of Railways, with a goal of transforming Indian Railways into Green Railways by 2030 has taken a number of major initiatives towards mitigation of global warming and combating climate change. Railway Electrification, improving energy efficiency of locomotives & trains and fixed installations, green certification for installations/stations, fitting bio toilets in coaches and switching to renewable sources of energy are parts of its strategy of achieving net zero carbon emission. Indian Railways is trying to produce power from land Based Solar installations for running trains. Indian Railway has 51,000 hectare of land potential of installing 20 GW land based solar plants.
Solar Industry Asks IREDA to Pay GST and Safeguard Duty Receivables at 10.41%
The National Solar Energy Federation of India (NSEFI) sought IREDA’s interest rate to be at the same level as SECI’s proposed annuity rate of 10.41% for GST and Safeguard Duty compensation. In a letter addressed to the Ministry of New and Renewable Energy (MNRE), the National Solar Federation of India (NSEFI) has asked SECI and IREDA’s policies on loan and interest rates for solar developers to be aligned together to prevent solar developers from incurring losses. The federation noted in its letter that solar developers had approached various banks and financial institutions, including the Indian Renewable Energy Development Agency (IREDA), for approval of loans based on the securitization of GST and Safeguard Duty receivables.
MNRE Once Again Extends Deadlines For One Sun One World One Grid
The Ministry of New and Renewable Energy (MNRE) has recently issued a notice in regards to the second extension of timelines of each activity of the RFP for Developing a Long Term Vision, Implementation Plan, Road Map and Institutional Framework for implementing One Sun One World One Grid. Date of response to vendors’ requests for clarification has been extended from 13th July, 2020 to 27th July, 2020.The date of deadline for submission of proposals Online and hardcopy has been extended from 22nd July and 24th July, 2020 to 10th August and 12 August, 2020 respectively.Evaluation of the proposals & approval remains the same that is for a period of 4 weeks (estimated).
NTPC Enters Pact With NIIF To Explore Business Opportunities In India
As per a statement issued by National Thermal Power Corporation Limited (NTPC) Ltd, a central PSU under Ministry of Power and Country’s largest power generation company, today it has entered into a Memorandum of Understanding (MoU) with National Investment and Infrastructure Fund (NIIF), acting through National Investment and Infrastructure Fund Limited (NIIFL), to explore opportunities for investments in areas like renewable energy, power distribution among other areas of mutual interest in India.With this MoU, NTPC and NIIF aim to collaborate to further help India’s vision of building sustainable and robust energy infrastructure in the country. This partnership aims to bring together NTPC’s technical expertise and NIIF’s ability to raise capital and bring in global best practices by leveraging its existing relationships with leading players.
US-India Strategic Partnership Forum (USISPF) Hosts Virtual Roundtable
USISPF hosted a virtual roundtable with Dharmendra Pradhan, the Hon’ble Minister for Petroleum & Natural Gas and Steel, Government of India, and industry leaders from the U.S. and Indian energy sectors. The session was also joined by Amb. Taranjit Singh Sandhu, the Ambassador of India to United States, Tarun Kapoor, Secretary of the Ministry of Petroleum and Natural Gas, and the Chairmen and Managing Directors (CMDs) of various public sector undertakings, including ONGC, IOCL, BPCL, HPCL, OIL, GAIL, EIL, PLL, MRPL, BPRL, Coal India Limited, National Thermal Power Corporation, Power Grid Corporation of India Limited, and NHPC. This session was held in advance of the upcoming U.S-India Strategic Energy Partnership Dialogue on July 17th. The purpose of the discussion was for the Honorable Minister to share his priorities and areas for collaboration with the United States, and for USISPF members to brief Minister Pradhan on how industry and government can further strengthen the U.S.-India energy partnership.
ReNew Power To Manufacture Solar Cells And Modules In India
ReNew Power, India’s largest renewable energy company announced that it intends to start manufacturing solar cells and modules in India. The announcement was made by ReNew’s Chairman and MD, Mr. Sumant Sinha at the Atma Nirbhar Bharat event . ReNew Power will invest ₹1500-2000 Cr in setting up this facility which will initially have a 2GW manufacturing capacity and is in discussion with various states to set up this unit.ReNew will manufacture both Solar cells and modules at the upcoming facility and endeavour to create a globally competitive manufacturing unit. The company’s foray into manufacturing will not only help it in backward integration but also provide it a better control over the supply chain for critical components.
Solarpack Grows Revenues and Profits in the First Quarter of 2020
The Getxo-based multinational, specialized in solar photovoltaic energy, shows solid results in the first quarter of 2020, reflecting intense construction activity and the contribution of new megawatts brought into service by the Power Generation (POWGEN) unit in Spain, Chile and India during 2019 and the start of 2020.From an operating perspective, its development and construction (DEVCON) teams have started building an additional 12 MW project in Chile, taking the total portfolio of projects under construction to 239 MW. Likewise, it continues with development activity in all the regions in which it operates, with the aim of originating new order intake to add to the 126 MW that the company already has in its backlog of contracted projects.In its POWGEN segment, Solarpack has added €14.5m in revenues (103% more than Q1 2019) and an EBITDA of €12.9m (105% more than Q1 2019) over the first three months of 2020.
Tata Power to Develop 225 MW Hybrid Renewable Power Project
Tata Power, India’s largest integrated power company, announced that Tata Power Green Energy Limited (TPGEL), the Company’s wholly owned subsidiary, has received a Letter of Award from Tata Power Mumbai Distribution on 13th July 2020 to develop a 225 MW hybrid renewable project. The energy will be supplied to Tata Power Mumbai Distribution under a Power Purchase Agreement (PPA), valid for a period of 25 years from scheduled commercial operation date. The Company has won this capacity in a bid finalised recently by Tata Power Mumbai Distribution. The project is required to be commissioned within 18 months from the date of execution of the PPA.
MNRE Orders DRC To Take Decision On Disputes Between Developers And Govt Power Agencies
The Ministry of New & Renewable Energy (MNRE) has recently passed a notification that the Dispute Resolution Committee (DRC) should consider the unforeseen disputes between solar or wind power developers and the Solar Energy Corporation of India (SECl) or National Thermal Power Corporation Limited (NTPC). This committee will take decisions of dispute which are beyond contractual agreements. The Dispute Resolution Committee (DRC) will be permitted to hold meetings with a minimum of two members. The following order is passed with the approval of the Hon’ble Minister (NRE & Power).