Reading Time: 4 minutes
MNRE Seeks Suggestions On Standalone Solar Pumps
The Ministry of New and Renewable Energy (MNRE) recently seeks comments/ suggestions on implementation of Component-B of PM-KUSUM ie. Scheme for installation of standalone solar pumps — reg. MNRE Invites Comments/suggestions are invited from all stakeholders on issues like eligibility for participation in the tender, technical and financial requirements, numbers of vendors to be empaneled for each category, cluster wise bidding, minimum capacity allocated to L1, provisions for MSME, contract performance guarantee requirement, specifications, etc. Ministry invited comments/suggestions for the same at firstname.lastname@example.org by 30th September 2020.
MNRE Invites Experts For Evaluation Of Off-grid and Decentralised Solar PV Applications Programme Phase-III
The Ministry of New and Renewable Energy (MNRE) recently issued Invitation for Expression of Interest (EOI) to engage reputed consultants/experts for undertaking evaluation of Off-grid and Decentralised Solar PV Applications Programme Phase-III. Reputed consultants/ consulting firms should submit an Expression of Interest to the Ministry of New and Renewable Energy by 1800 hours on 14.10.2020. For any clarification bidders can contact at email@example.com. Reputed consultants or consulting organizations having an experience of at least 5 years in conducting similar assignments and an annual turnover of at least Rs. 1.50 Crore per year during the last three years are only eligible to participate.
HERC Waives off Current RPO Backlog Of Amplus Solar
Haryana Electricity Regulatory Commission passed an order on approval of source and draft power purchase agreement (PPA) to be executed with M/s Amplus Sun Solutions Private Limited for purchase of 50 MW solar power from grid interactive solar PV based power project located at Village, Khanak, Tehsil, Tosham, District Bhiwani at a tariff determined under Section 62 of the Electricity Act, 2003, in terms of HERC Regulations in vogue. The Commission has considered the request of HPPC and approved the source under section 86(1)(b) of the Electricity Act, 2003 as well as draft PPA to be executed with M/s Amplus Sun Solutions Private Limited for purchase of 50 MW Solar Power, for 25 years, from grid interactive solar PV based power project located at Village, Khanak, District Bhiwani at a Tariff to be determined by the Commission under Section 62 of The Electricity Act, 2003, on a separate petition to be filed by the Generator.
Union Power Minister Inaugurates REC CSR Projects Worth Rs. 1.64 Crore in Koilwar
R K Singh, the Minister of State (IC) for Power & New and Renewable Energy dedicated CSR projects undertaken by REC Ltd. (Formerly Rural Electrification Corporation) worth Rupees 1.64 Crore, in Koilwar (Bhojpur District, Bihar, through video conferencing . The main objective of the project is to improve and provide basic infrastructure & developmental facilities in the villages of Koilwar block in Bhojpur district. S. K. Gupta, CMD, Ajoy Choudhury, Director (Finance), R. Lakshmanan, IAS, ED from REC Limited were present. Other district officials and general public from Koilwar were present during the occasion.
India Should Deepen Its Short-Term Power Market To Enhance Price Transparency and Competitiveness
A transition towards more national trading of electricity in real-time could help India’s power sector achieve competitive price discovery, reduce costs for consumers and accelerate the shift to a renewables-based system, according to a new briefing note by IEEFA. “While long-term contracts should remain the dominant procurement model in India, particularly with the growth in low-cost, deflationary 25-year solar power purchase agreements, India needs a national pool real-time market to improve the transparency and competitiveness of buying and selling electricity,” says author Vibhuti Garg, energy economist at the Institute for Energy Economics and Financial Analysis (IEEFA).TRANSACTIONS BY PARTICIPANTS IN THE SHORT-TERM MARKET MADE UP JUST 11% OF INDIA’S OVERALL ELECTRICITY GENERATION IN THE FISCAL YEAR 2019/20 – a share that has remained virtually unchanged over the past decade. To-date, renewable energy trading in the short-term market has been minimal, at less than 1%.
These 7 Auctions Show India’s Renewables Sector Is Still Primed For Growth
While the pace of renewable energy growth has slowed in India, positive outcomes in recent auctions suggest there remains plenty of appetite among domestic and foreign investors to build renewable infrastructure, according to a new IEEFA briefing note. Policy-related headwinds and a collapse in electricity demand due to the COVID-19 crisis have disrupted India’s renewable energy capacity tendering and commissioning process.IEEFA’s note looked at the outcomes of seven renewable energy capacity and storage auctions held to-date in 2020. It found that together they attracted some US$10-20bn of investment commitments, despite the pandemic.
US, China And India To Be Major Markets For Power Transmission And Distribution Conductors Over Next Four Years
The global markets for transmission and distribution conductors are forecast to grow at a compound annual growth rate (CAGR) of 1% and 3.6%, respectively, between 2020 and 2024. The US, China, and India will propel the global markets over the next four years, with the three countries accounting for a share of 42.4% (transmission) and 44.8% (distribution) of the global market value in 2024, according to GlobalData, a leading data and analytics company.The company’s latest report, ‘Power Transmission and Distribution Conductors, 2020’, reveals that environmental factors, fuel resource constraints, geo-political risks and evolving technologies are transforming the global power sector. Growing emphasis on reduction of carbon emissions is also creating a promising market for renewables and other grid assets.