Focused on expanding green transmission corridor, says Goyal

Jul 15, 2016 0

Chennai–Union Power Minister Piyush Goyal on Friday said expanding the Green Corridor (a power transmission corridor for renewable power) is the central government mission and the per unit cost of solar power is now comparable with that of traditional power sources.

Queried about Tamil Nadu Chief Minister J.Jayalalithaa’s request to Prime Minister Narendra Modi for dedicated transmission capacity for wind power, Goyal said: “Expanding the Green Corridor is the mission of our government.”

Recently Jayalalithaa had written to Modi to direct Power Grid Corporation to allocate dedicated transmission capacity to evacuate surplus wind power from the state. She had stressed the importance setting up a dedicated inter-State Green Energy Corridor so that the surplus wind energy from Tamil Nadu can be successfully evacuated and sold to other States.

Goyal, who also handles the coal, new and renewable energy portfolios independently, said he had fruitful discussions with the Karnataka government on expanding the transmission capacity in South India.

He said that the Narendra Modi government has brought the cost of solar power to around Rs 4 per unit which is at par with that of other traditional sources of power, and the days when renewable power was unviable are gone.

On the Amnesty International’s charge of human rights violations by Coal India Ltd, he said the charges are baseless and motivated by vested interests that do not want India to progress.

Earlier at a function in Indian Institute of Technology, Madras (IITM), Goyal said over the next three years no Indian home will be without power throughout the day.

Referring to his father who studied under street lights, he said no Indian child should be forced to read under poor lighting.

He also inauguratged the innovative solar-DC products and appliances developed by IITM and its incubated renewable energy companies. (IANS)

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Corporate funding to solar sector dips to $1.7 bn in April-June

Jul 11, 2016 0

Kolkata–Global consulting firm Mercom Capital Group on Monday said total corporate funding, including venture capital funding, public market and debt financing into the solar sector fell to $1.7 billion in April-June quarter, a 41 percent drop compared to the $2.8 billion raised in January-March period.

Year-over-year total corporate funding was down significantly compared to $5.9 billion in the second quarter of last year, the firm said.

Triton Solar panel

Triton Solar panel

“The solar industry continues to experience weakness in terms of financing activity and corporate funding in April-June, 2016 was at its lowest level in three years,” said Group’s CEO and co-founder Raj Prabhu.

Global solar venture capital funding (including private equity) saw a large decline in the quarter under review with $174 million in 16 deals compared to $406 million in 23 deals in January-March period.

According to the firm, solar downstream companies raised the most (64 percent) VC funding in April-June 2016 with $112 million in seven deals.

Solar public market financing in April-June came to $179 million in four deals compared to $94 million in four deals in the first quarter of calendar year 2016 and $2.3 billion in 12 deals in April-June period last year, the report said.

The firm said the announced debt financing came to $1.3 billion in 12 deals in April-June period compared to $3.4 billion in 14 deals in the corresponding period last year. (IANS)

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Rs 7,000 crore project to ensure uninterrupted power supply to Gurgaon

Jul 11, 2016 0

Chandigarh– To ensure uninterrupted power supply to Gurgaon city, adjoining the national capital, a Rs 7,000-crore Smart Grid Project is being implemented by the Haryana government, Chief Minister Manohar Lal Khattar said on Monday.

Manohar Lal Khattar

Manohar Lal Khattar

Khattar, met Union Power Minister Piyush Goyal on Monday, said that the project has been introduced in view of the present and future needs of power supply in Gurgaon city.

“This project would put an end to the trend of consumption of diesel through generator sets. This would not only prove beneficial for the conservation of environment, but would also put an end to the role of builders and colonizers for power supply,” Khattar said.

Goyal said that the projectAwould prove to be a milestone in the field of power supply in the country.

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Tamil Nadu’s Kudankulam n-plant II starts fission

Jul 10, 2016 0

Chennai–The second unit of Kudankulam atomic power project in Tamil Nadu went critical or started nuclear fission on Sunday at 8.56 p.m., said officials of Nuclear Power Corporation of India Ltd (NPCIL).

“Criticality achieved at 8.56 p.m.,” H.N. Sahu, Station Director of first and second units, told IANS on Sunday.

KudankulamSahu on Saturday told IANS that the unit was expected to attain criticality between 6 p.m. and 10 p.m. on Sunday.

This is the second 1,000 MW pressurised water reactor to go critical in the country. The first unit at Kudankulam went critical in July 2013.

The unit will start commercial generation in four to six months time. Prior to that tests have to be conducted and then the unit will be connected to the Southern power grid.

The approach towards criticality started on Friday with the gradual removal of the control rods.

Asked about the conduct of off-site emergency safety drill prior to the commissioning of the reactor, NPCIL Chairman and Managing Director S.K.Sharma had told IANS: “The second unit is part of an operating station (site where a nuclear power plant is already functioning). In such cases off-site emergency drills are conducted once in two years.”

The first 1,000 MW unit of Kudankulam atomic power project, which is located in Tirunelvelli district, is already functional.

Sharma said there are three types of emergency drills that are done at Indian nuclear power plants: plant, site and off-site.

“The emergency drills at the plant are done every quarter and the site emergency drill every year,” he had said.

According to Sahu, the last off-site drill was conducted in January 2015.

For NPCIL, the two units of Kudankulam project are expected to contribute handsomely to its topline and bottom line.

The first unit experienced several hiccups since starting commercial production in December 2014 but seems to have stabilised now, generating about 940 MW daily on an average.

The first unit supplies power to Tamil Nadu (562.5 MW), Puducherry (33.5 MW), Kerala (133 MW), Karnataka (221 MW) and Andhra Pradesh (50 MW).

The total outlay on the two units of Kudankulam project has been over Rs 17,000 crore.

Once the second unit at Kudankulam starts power generation to its full capacity, the total atomic power capacity in Tamil Nadu would go up to 2,440 MW.

Already, the NPCIL has two 220 MW units at Kalkpakkam near here under its Madras Atomic Power Station.

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Power firm bags Rs 100-crore domestic, oversees orders

Jul 6, 2016 0

Kolkata– Power equipment manufacturer Skipper Limited on Wednesday said it has bagged new orders totalling approximately Rs 100 crore from countries like Kenya, Cameroon, Congo, Ghana and Malaysia and in the domestic market.

“These orders are for the supply of transmission and sub-station towers, distribution poles and steel angles,” a company statement said.

“We are excited to share our entry into major African markets like Kenya, Cameroon, Congo, Ghana and the Asian markets in countries like Malaysia as a result of our international business push,” company’s Director Sharan Bansal said.

The company has also received Power Grid approval for its distribution poles which will help the company to tap into large potential for poles in the north-eastern region of the country due to the upcoming Power Grid distribution management system projects, he said. (IANS)

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ICMR to harness solar power for medical institutions

Jun 29, 2016 0

New Delhi– The Indian Council of Medical Research (ICMR) has inked an MoU with the Council on Energy, Environment and Water (CEEW) to launch Solar for Healthcare, an initiative focusing on supply of solar power in government medical institutions, said an official statement.

The collaboration will help in providing effective healthcare delivery at the last mile by reducing uncertainty in critical infrastructure, particularly electricity supply.

“The collaboration with CEEW will bring together synergies between the objective of ‘time to care’ as mandated in the National Health Mission (NHM) and clean energy as outlined under the National Solar Mission (NSM),” said Soumya Swaminathan, Director General of ICMR.

CEEW is a policy research institution.

Swaminathan said that under the collaboration, on a pilot basis, both the organisations will install solar systems at select primary health centres in partnership with three state governments and evaluate its impact on healthcare delivery and health outcomes.

“The aim of the collaboration is to create resilient health systems in rural India, benefitting primarily women and children,” said Swaminathan.

As of 2015, nearly 35 million citizens in rural India relied on un-electrified primary health centres for primary health services. In the absence of electricity, services catered by health institutions such as institutional deliveries, paediatric emergencies, and administering of vaccines get severely affected.

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India plans petrochemical hubs around 22 refineries

Jun 25, 2016 0

New Delhi– The government said on Friday it will set up petrochemical complexes around all the 22 refineries in India to help generate one crore jobs, even as it urged industry to rid its overdependence on the state and become competitive.

“The government has decided to establish petrochemical hubs in and around all 22 refineries,” Union Chemicals and Fertilisers Minister Ananth Kumar said at a seminar here on “Sustainable chemistry.”

“This will result in savings as cluster approach can reduce costs. The projects need not be confined only to greenfield projects but also cover brownfield projects already running at various places,” he said.

The proposed plan, which is expected to attract major investment and generate one crore jobs, will soon be discussed with Petroleum Minister Dharmendra Pradhan, he added.

The minister also urged the chemical industry “not to just rely on government incentives but become competitive” in feed stock, procurement of natural gas and production of end-products, towards doubling the sector’s growth to $400 billion by 2021.

“The government is a facilitator. We are here to support you. Please don’t just rely on incentives. That will be there. Become more competitive,” he said.

The government can help by providing common facilities in these clusters, such as infrastructure, effluent plants, testing and trading facilities, which can help in cutting down the cost by 25-30 per cent, he added.

According to the minister, the proposed petrochemical complexes would not just be confined to Gujarat, Maharashtra, Andhra Pradesh, Odisha and parts of Tamil Nadu, but would be set up in other states as well.

As per official data the Indian chemicals and petrochemicals industry is growing at the rate of 11-12 per cent and producing output worth $200 billion annually.

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India has done little to bridge energy supply-demand gap

Jun 25, 2016 0

New Delhi– India has done very little in the last few decades by way of harmonizing its governance structures to secure its energy needs despite a surging demand to fuel its growing economy, and the crisis may worsen in the coming years, a policy discussion forum here was told.

Vikram Singh Mehta

Vikram Singh Mehta

“We have done very little over the last few decades to make the policy linkages between energy-environment and climate change. We did not pay enough attention on energy infrastructure, conservation, subsidisation of LPG and petrol. These are all policy inadequacies that contributed to the increase in demand of energy,” said Brookings India Chairman Vikram Singh Mehta, who previously served with Shell India as its CEO.

Mehta was speaking at a roundtable, ‘India’s Energy Security and Climate Change Commitments: Policy Challenges’, organized by Delhi-based think tank Society for Policy Studies (SPS) in association with the India International Centre (IIC) on Friday evening.

He said government policies had failed to balance the pace between surging demand and supply constraints that caused the current energy crisis in India, the fifth largest energy consumer in the world.

India is home to nearly 18 per cent of the global population but uses only six per cent of the world’s primary energy resources and the country is set for a sustained growth in energy demand with its growing economy, according to the Energy Outlook 2015.

“The energy crisis facing India is because the demand is surging and the supply is failing to keep pace with demand,” Mehta said, pointing out that the demand was due to the rising population and growing prosperity in the country.

“India has a large population. And the youth are aspirational too. We have developed and are now entering the high energy trajectory of consumption,” said Mehta, who also served as strategic planning advisor in the state-run Oil India Ltd.

He said since the current government’s policies were focused on modernization and expansion of its manufacturing sector “into higher gear” with the Make in India initiative, the country needed “to create jobs which are energy intensive”.

He also said “India is the driver of energy demand in the world” after China with India’s share in world energy demand rising by nearly 6 per cent over the last 15 years. Demand for energy for the rest of the world increased by 2.5 per cent during this period.

Mehta also warned that India must be ready to tackle the crisis that can get worse as countries on which “we are dependent are either in huge political or economic crisis”.

Asked if the present Bharatiya Janata Party-led government was different from the previous rule in tacking the crisis, Mehta said: “The NDA has benefited from the drop in global oil prices. Earlier oil companies were bearing the burdens of subsidies. This government and the Prime Minister in particular are aware of how technology can enhance energy security and availability..”

Karthik Ganesan, a research fellow at Council on Energy, Environment and Water (CEEW), in his presentation of his study focused on the development of long-term energy scenarios in India and energy efficiency improvements in the industrial sector of the country.

Ganesan drew attention to India’s commitments at the Paris climate change conference and the need for informed clean energy policy initiatives based on life cycle analysis. (IANS)

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Renewables sector set to get $7.8 trillion investment by 2040: Report

Jun 14, 2016 0

Paris– The currently weak coal and gas prices will not stop record investment of nearly $7.8 trillion in the world renewable energy sector over the coming decades as the cost of generating clean energy drops, a report said on Tuesday.

With renewables set to attract $7.8 trillion by 2040, the impact of cheap gas and coal will be offset by drops of 41 per cent and 60 per cent respectively, the Bloomberg New Energy Outlook 2016 said.

Jon Moore, chief executive of Bloomberg New Energy Finance, said in a statement that though compared to a year ago, coal and gas prices are projected to go “significantly lower”, the report “strikingly, still shows rapid transition towards clean power”.

The shift to a low-carbon energy sector will not happen quickly enough to keep global warming below two degrees Celsius, the report said.

The Paris Agreement last December calls for capping the earth’s average surface temperature at “well below” 2 degrees Celsius.

Additional investment of $5.3 trillion in zero-carbon power, over the projected $7.8 trillion would be needed by 2040 to achieve even the two-degree target, the report added.

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Havells enters full spectrum of solar biz

Jun 13, 2016 0

Mumbai–Electrical goods maker Havells India here on Monday announced foraying into the solar solutions business.

“The company is launching solar solutions, including solar power generating systems, home lighting kits, solar pumps, solar street lights,” Havells India said in a filing with the BSE.

Havells will roll out the solar products across the country in phases, starting from this month itself.

Its products will be manufactured and assembled in Neemrana, Rajasthan, the statement said.

The company will cater only to the domestic market, it said.

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