In his biggest push for clean and affordable energy, billionaire Mukesh Ambani on Friday said it was imperative to adopt technologies that can recycle to set the carbon balance right. With Prince Abdulaziz bin Salman Al-Saud, Energy Minister of the world’s largest oil exporter Saudi Arabia, listening, Ambani said there is a need to provide […]
Category: Power
Power
Lack of scale, backward integration a constraint for solar manufacturing in India: Icra
Even as the government is taking various policy initiatives to boost domestic solar manufacturing, lack of scale and backward integration in the manufacturing process is likely to pose constraints, says Icra. According the rating agency, to support domestic module manufacturers, the government has formulated various schemes in the last one year which are likely to […]
Govt mulls basic customs duty on solar equipment
The government is considering basic customs duty of around 20 per cent on solar energy equipment to provide an edge to domestic manufacturers and discourage imports, particularly from China. However, solar energy developers are of the view that basic customs duty (BCD) on solar equipment will be counterproductive for the segment in view of India’s […]
Renewable energy ministry proposes basic customs duty on solar equipment from Aug: R K Singh
Power and New & Renewable Energy Minister R K Singh on Tuesday said his ministry has proposed to impose basic customs duty (BCD) on solar cells, modules and inverters from August. Singh informed stakeholders about the proposal during a deliberation through video-conferencing with industry associations to discuss ways and means to ensure the success of […]
Adani Power board approves delisting from BSE, NSE
Adani Power board on Monday approved the proposal to delist the company’s equity shares from stock exchanges. The company has worked out the floor price of an equity share of Rs 33.82 to buy 96.53 crore scrips with the public for about Rs 3,264 crore. In a regulatory filing, the company said it will seek […]
Changes to Electricity Act: Diluting states’ autonomy
The draft Electricity Amendment Bill 2020 proposed by the Ministry of Power intends to bring certain structural changes in the electricity sector. While some proposals like formulating a National Renewable Energy Policy are welcome and changes are essential in the interest of the sector, other changes appear to weaken the role of the state. It […]
Green certificate sales down 55% to 3.33 lakh in May
Sales of renewable energy certificates dropped over 55 per cent to 3.33 lakh units in May compared to 7.5 lakh in the same month a year ago, according to official data. Renewable energy certificate (REC) is a type of market-based instrument. One REC is created when one megawatt hour of electricity is generated from an […]
Delhi’s peak power demand crosses 6,000 MW-mark
Amid sultry weather, the peak power demand of Delhi crossed the 6,000 MW-mark for the first time this summer on Thursday night. The peak demand soared to 6,193 MW at 10.43 pm on Thursday and the previous high of the season was 5,895 MW on Wednesday, said discom officials. “In just 24 hours, Delhi’s peak […]
Tata Power to develop 100 MW solar project in Maharashtra
Tata Power on Friday said its wholly-owned arm has bagged a contract to develop a 100 MW solar project in Maharashtra. “Tata Power Renewable Energy Limited (TPREL) has received a letter of award from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to develop a 100 MW solar project in Maharashtra,” the company said in a […]
Tata Power to develop 120 MW Solar Project in Gujarat
Tata Power on Monday said its subsidiary Tata Power Renewable Energy Ltd (TPREL) will develop a 120 MW solar project for Gujarat Urja Vikas Nigam. “Tata Power, India’s largest integrated power company, announced that Tata Power Renewable Energy Limited (TPREL), the company’s wholly owned subsidiary, has received a Letter of Award from Gujarat Urja Vikas […]
Congress announces ‘lights off Kerala’ protest against hike in power charges
The Congress in Kerala on Friday decided to stage a dharna on June 17, protesting against exorbitant electricity bills, by switching off lights for three minutes. Called ‘Lights off Kerala’, the protest will be held on June 17 and the leader of Opposition in the State assembly, Ramesh Chennithala, urged the people of the state […]
Andhra Pradesh government nod for 10,000 MW mega solar power project
The Andhra Pradesh cabinet on Thursday approved a proposal to set up a 10,000 megawatt (MW) mega solar power project to ensure uninterrupted 9-hour power supply to farmers during the daytime, besides establishing an Integrated Renewable Energy Project (IREP). In a statement, Information and Public Relations Minister Perni Venkataramaiah said as part of the IREP, […]