Increasing Storage & Democratizing Re Deployment Will Be Next Frontier for India : R K Singh
Speaking at the Valedictory Session of the 3rd Edition of the Renewable Energy Expo & Conference, RE-INVEST, 2020, R K Singh, Minister of Power and New & Renewable Energy and Skills said “This edition of the RE-INVEST has been a huge success despite COVID19 pandemic. India has continued to innovate in Renewable Energy deployment by increasing capacities and adopting practical solutions, newer technologies and market mechanisms. Our adoption of floating solar, wind-solar hybrid contracts, peaking power, and venture into Round-the-Clock (RTC) procurement contracts are indications of such innovation. Many States of India have also supported by putting in place incentives for the increased deployment of RE. These steps will be collated and taken to the global investors.”
Power Minister Assures Full Cooperation To Maldives In its Efforts Promote RE Projects
R K Singh, Union Minister of New & Renewable Energy and Power, today assured full cooperation to the Maldives, the Island nation in its efforts to promote RE projects. While speaking at Country session of Maldives during 3rd Global Re-Invest, Shri Singh said India has also prioritised to have its Islands fully on green energy Islands. Power minister further said that we have given a target to our Islands(Andaman & Nicobar Isalands, Lakshadweep) to become totally green, that means their energy needs should be met from Renewable Energy. He also reiterated India as one of very few countries to have met its commitment of keeping climate change within 2%. He also said that India has installed about 136000mw of RE capacity with capacity addition of another 57000mw under implementation.
MERC Adopts Power Procurement Rate of INR 4.47/kwh From 01 December 2020 To 30 November 2021
Maharashtra Electricity Regulatory Commission (MERC) recently passed an order on approval of Power purchase agreement and Adoption of Tariff determined through transparent bidding process for procurement of Short-Term power up to 1 MW for one year starting from 1 December, 2020 to 30 November, 2021 for its Sector Specific SEZ and IT SEZ at Village Sai, Taluka Panvel, Dist. Raigad, Maharashtra. The Commission adopts Short Term Power Procurement for the period of 1 December 2020 to 30 November 2021 by Laxmipati Balaji Supply Chain Management Limited for its Sector Specific SEZ and IT SEZ at Village Sai, Taluka Panvel, Dist. Raigad, Maharashtra.
PM Modi To Inaugurate 30 GW Wind and Solar Park in Gujarat On 15th December 2020
Prime Minister Narendra Modi will soon be inaugurating the world’s largest renewable solar and wind energy park and another desalination plant in Gujarat on 15 December, 2020. PM Modi will be in Gujarat on 15 December 2020 to inaugurate what will be the world’s largest solar and wind energy park,Gujarat Chief Minister Vijay Rupani informed on twitter. “PM will be arriving in Gujarat on 15th to inaugurate two works. One is the inauguration of the world’s largest renewable energy park with a capacity of 30,000 megawatts (MW) from solar and wind energy,” the CM added.
ADB Approves $430 Million To Help Rehabilitate Power Distribution Networks In Uttar Pradesh
The Asian Development Bank (ADB) has approved a $430 million multitranche financing facility (MFF) to improve the quality and reliability of electricity supply in Uttar Pradesh in India. The Uttar Pradesh Power Distribution Network Rehabilitation Project will improve the efficiency and sustainability of power supply in Uttar Pradesh. The project will finance the conversion of 65,000 kilometers (km) of rural low-voltage distribution lines from bare conductors to aerial bundle conductors to benefit an estimated 70 million people in 46,000 rural villages. “Reliable and sustainable power distribution and service is an important aspect to India’s growth and development. This project fully supports the government of India’s vision of ‘Power for All’ in a sustainable and inclusive way in the largest and one of the poorest states in India,” said ADB Principal Energy Specialist for South Asia Pradeep Perera.
IEEFA: India’s New Record-Low Solar Power Tariff Demonstrates Investor Confidence Despite The Pandemic
India set a new record low tariff of Rs2/kWh ($0.027/kWh) in the recent Solar Energy Corporation of India (SECI) auction on 23 November 2020. The tariff based bidding was conducted for selection of solar power developers to set up 1,070 megawatts (MW) of grid-connected solar PV projects on a “build-own-operate” (BOO) basis in Rajasthan (Tranche-III). With 14 developers participating, the tender was oversubscribed by 3,280MW, attracting a total of 4,350MW of bids. Saudi Arabia-based Aljomaih Energy and Water Co. and Sembcorp Energy’s India arm Green Infra Wind Energy Ltd. were the lowest (L1) bidders with a tariff of Rs2/kWh for 200MW and 400MW capacities respectively. State-owned NTPC Ltd. won the contract for the remaining 470MW with the second lowest (L2) bid of Rs2.01/kWh.
South Delhi Civic Body Plans To Tie Up with NTPC For Setting Up Rooftop Solar
South Delhi Municipal Corporation (SDMC) plans to tie-up with National Thermal Power Corporation Limited (NTPC) for installing solar plants on over 200 buildings which includes maternity centres, zonal offices, parking lots and school buildings. The main aim is to save energy, reduce electricity bills and generate revenue from its own resources, The proposal was approved on tuesday at a standing committee meeting.In the meeting memorandum of understanding was signed with NTPC for setting up olar rooftop PV and solar ground-mounted plants.Scope of work for NTPC Vidyut Vyapar Nigam Limited will be design, supply, erection, commissioning, operation and maintenance of the project for 25 years.
UPERC Passes Order On Approval Of Aggregate Revenue And Tariff For FY 2020-21
Uttar Pradesh Electricity Regulatory Commission recently passed an order on Truing up of tariff for FY 2018-19, annual performance review (APR) for fy 2019-20 And Approval of aggregate revenue requirement and tariff for fy 2020-21 for its UP Discoms.The Commission had deliberated on the Distribution Loss Trajectory of the Licensees for the Control Period FY 2020-21 to FY 2024-25 and approved the Distribution Loss Trajectory for the Licensees in the Business Plan Order dated October 27, 2020.The distribution loss approved for FY 2020-21 claimed was 17.90% and the commission Approved 11.54%. The State Owned Discoms submitted that it has computed the interest to consumers on the security deposits on the average of the opening and closing balance of the security deposits for the years at the State Bank of India Bank Rate of 7.75% for FY 2019-20, accordingly, Commission has computed and approved the interest on security deposit for FY 2020-21.
Power Watch: All-India Energy Demand To Continue To Recover In 2HFY21
In October 2020, the all-India energy demand increased 11.5% yoy for the second consecutive month, after declining over March-August 2020 to 109.6 billion units (September 2020: up 4.0%). This was led by an improvement in the demand from the northern region (up 12.9%; September 2020: up 6.2%) and the western region (up 18.3%; up 9.2%), due to the further lifting of lockdown for certain economic activities. Even though the energy demand has been recovering, the demand over April-October 2020 came in 6.0% yoy lower (1QFY21: down 15.9%; 1HFY21: down 8.7%). The transmission line addition was lower at 11,921 circuit kilometres (km) over April-October 2020 (April-October 2019: 13,451 circuit km). The length of transmission lines added in October 2020 also lower at 380 circuit km (October 2019: 685 circuit km), with addition coming solely from the state sector.