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Top Five Stories In India: SECI Calls Pre-bid Meet of Module Manufacturers for Setting Up Manufacturing Capacities in India; Significant Improvement in Payment of GENCO Dues with Implementation of LPS Rules and More

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SECI Calls Pre-bid Meet of Module Manufacturers for Setting Up Manufacturing Capacities in India

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With reference to the Request for Selection (RfS) issued for Selection of Solar PV Module Manufacturers (SMM) for Setting up Manufacturing Capacities for High Efficiency Solar PV Modules in India under the Production Linked Incentive Scheme (Tranche-II), the pre-bid meeting has been scheduled on 06.12.2022, at 11:30 AM.The meeting will be held under the Chairmanship of Hon’ble Minister (Power, New & Renewable Energy), R K Singh and will be attended by other officials from MNRE.

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Under this RfS, the SMM shall be required to set up manufacturing capacities in Giga Watt (GW) scale for high efficiency Solar PV modules, with the primary objective to promote manufacturing of high efficiency solar PV modules in India and thus reduce dependence in the area of Renewable Energy, as per the provisions of the RfS.

Last date of bid submission is 9th January, 2023 (6:00 PM IST) and the bids will be opened on 12th January.

Significant Improvement in Payment of GENCO Dues with Implementation of LPS Rules

With the implementation of Electricity (LPS and Related Matters) Rules, 2022, remarkable improvement has been seen in recovery of outstanding dues of Suppliers including Generating Companies, Transmission Companies and Traders. The total outstanding dues of States which were at Rs. 1,37,949 Cr. as on 03.06.2022 have been reduced by Rs. 24,680 Cr. to Rs. 1,13,269 Cr. with timely payment of just four (4) EMIs. For payment of EMI of Rs. 24,680 Cr, 5 States have taken loan of Rs. 16,812 Cr. from PFC & REC and 8 States have opted to make their own arrangement.

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Distribution companies are also paying their current dues in time to avoid regulations under the rule. Distribution companies have paid almost Rs. 1,68,000 Cr. of current dues in last 5 months.

Presently, only one distribution utility i.e. JBVNL is under regulation for non-payment of current dues. Outstanding dues of distribution companies on trigger date have been reduced to Rs. 205 Cr. from Rs 5085 Cr. as on 18.08.2022.

India Oil Corporation Plans to Set Up New Company for Green Business

Indian Oil Corporation (IOCL) is diversified, integrated energy company that has presence in nearly all streams of oil, gas, petrochemicals and alternative energy. ET reports that it plans to create a new company for its green business.

An industry official said that discussions are ongoing between foreign institutional investors and other stakeholders regarding formalizing a company structure. The new company will be created by next year. ET reports that IOCL has declined to comment. IOCL is currently active and has impressive growth plans in biofuels, biogas and green hydrogen, EV mobility, EV batteries and other areas.

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In August this year, company has announced that it is targeting to replace at least a tenth of its current fossil-fuel-based hydrogen at its refineries with carbon-free green hydrogen as part of a decarbonization drive. “The company is venturing into green hydrogen production and is targeting 5 per cent of hydrogen produced by it as green hydrogen by 2027-28 and 10 per cent by 2029-30,” it said.

Volkswagen’s Aurangabad Factory Adopts 100% Renewable Electricity

​Volkswagen Group (VW Group) announced that the Aurangabad facility has now switched to 100 percent ‘green’ energy. Although the initial goal was to achieve this by 2025, it has exceeded its targets. The Maharashtra State Electricity Distribution Company Limited (MSEDCL) issued the facility its Green Energy Certificate.

Piyush Arora is the CEO and Managing Director, and the company itself released a statement that “goTOzero” is not just a roadmap to effective climate protection but also a strategic initiative towards sustainable mobility. “ We take a holistic approach to decarbonisation – from production through service life to recycling.” The VW plant in Aurangabad will see a 48% reduction in CO2 emissions annually due to the switch to green energy. VW Group aims to be carbon neutral by 2050.

DLL Requests Bids For Supply Of Inverters For Solar Power Facility In Port Blair

The Directorate of Lighthouses and Lightships (DLL) has called for bids for the provision of solar inverters for the North Point Lighthouse solar power plant in Port Blair. The online bid must be submitted by December 15, 2022. The opening of bids is scheduled for December 16, 2022.

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The estimated cost of the project is Rs. 616,000. The contract period is of one year which can be extended for further two years which solely depends on satisfactory performance. An earnest money deposit of Rs. 12,320 must be submitted by the winning bidder, which will be valid for a period of six months from the bid opening date.

The scope of work for this solar inverter tender also includes design and engineering, supply, installation, manufacture/procurement, testing, and commissioning, as well as a warranty obligation and extensive operation and maintenance.

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