The central government has launched the National E-Mobility Programme to provide an impetus to the e-mobility ecosystem in the country. The programme is in line with the country‘s vision of 100 per cent e-mobility by 2030 and will be implemented by Energy Efficiency Services Limited (EESL) which will aggregate demand by procuring electric vehicles (EVs) in bulk to get economies of scale. EESL will also issue a fresh tender of 10,000 EVs to cater to the growing demand. With a total of 20,000 EVs (including EESL’s previous tender), India is expected to save around 50 million litres of fuel annually leading to a reduction of 0.56 million tonnes of carbon emission on an yearly basis.
NTPC Limited has commissioned the 8 MW small hydropower project at Singrauli in Madhya Pradesh. With this, NTPC’s total installed capacity has increased to 51,391 MW. In a separate development, NTPC has bid for a 500 MW solar power plant tender launched by Oman Power and Water Procurement Company. The project will be Oman’s first large utility-scale photovoltaic (PV) project and will be built in Ibri at an estimated cost of around $500 million.
NLC India Limited has issued a revised tender to set up a 28 MWh solar plus battery storage project in the Andaman & Nicobar Islands. The project entails the installation of 20 MW grid-connected solar PV power project integrated with an installed capacity of 8 MWh with a half-hour backup battery energy storage system (BESS). Initially, the tender was awarded to Mahindra Susten in October 2017 but the project was scrapped due to undisclosed reasons.
Tamil Nadu Generation and Distribution Company Limited (TANGEDCO) has received approval from the Tamil Nadu Electricity Regulatory Commission (TNERC) to float tenders for procurement of 1,500 MW of solar power and wind power each at a cost of Rs 3 per kWh and Rs 2.65 per kWh respectively. The base tariffs have been determined by the Solar Energy Corporation of India (SECI), in view of the declining tariffs for solar and wind power projects. TANGEDCO plans to float the tender during the first week of April 2018.
Diu has become the first union territory in India to have surplus energy and run 100 per cent on solar energy. Diu generates 13 MW of electricity from solar power plants, of which 3 MW is generated by rooftop solar plants and 10 MW from other solar power plants. The union territory generates about 10.5 MW of electricity on a daily basis and has an average peak-hour demand of 7 MW.
Sembcorp Energy India Limited (SEIL) has won a 300 MW project in the recent wind power auction conducted by SECI. The project is proposed to be set up in Gujarat and will be connected to the country’s interstate transmission system. Once completed, the power from the project will be supplied to SECI under a 25-year power purchase agreement (PPA).
Torrent Power Limited (TPL) has secured a 124.40 MW wind power project from Maharashtra State Electricity Distribution Company Limited (MSEDCL) under a competitive bidding and e-reverse auction process. The auction was conducted by MSEDCL for procurement of power from grid-connected wind projects. TPL will commission the MSEDCL project within 18 months of signing the PPA.
Amplus Energy Solutions has signed agreements with the Maharashtra and Andhra Pradesh governments to develop solar power projects with an aggregate investment of Rs 27 billion. The memorandum of understanding (MoU) signed with the Andhra Pradesh government entails installation of 200 MW of solar capacity at an investment of Rs 12 billion. Meanwhile, the MoU signed with the Maharashtra government entails development of 300 MW of solar capacity, of which 250 MW will be ground-mounted captive projects and 50 MW of rooftop projects.
Microsoft Corporation has signed a PPA with Atria Power to procure 3 MW of solar power. This marks Microsoft’s first renewable energy PPA in India. Under the agreement, it will procure 3 MW of solar power from Atria Power for powering its new office building in Bangalore, which will account for 80 per cent of the building’s total electricity consumption.
Projects and Ventures
Bharat Heavy Electricals Limited (BHEL) has won an order of Rs 117 billion from Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture of NTPC and Jharkhand Bijli Utpadan Nigam Limited to set up the 2,400 MW Patratu supercritical power plant in Ramgarh district, Jharkhand. Notably, this is the single largest order ever placed by NTPC or its subsidiaries and the second largest order ever won by BHEL. The engineering, procurement and construction contract will also lead to the phasing out of old fleet of subcritical units currently installed at Patratu.
Debt and Equity
The International Solar Alliance (ISA) soon plans to launch around 20 projects worth $700 million across various member countries. Further, as part of the ISA Summit, European Investment Bank (EIB) plans to sign a new loan agreement to extend funding for clean energy projects in India. The agreement will be a part of EIB’s €800 million investment in the country. Nine multilateral development banks, including the Asian Development Bank and the World Bank, are also in discussions to support the ISA. The coalition seeks to support programmes including solar power for agriculture use, affordable financing, mini-grids, rooftop installations, EV and storage initiatives.
Rural Electrification Corporation (REC) and REC Transmission Projects Company Limited (RECTPCL) have approved the proposal for sale and transfer of WR-NR Power Transmission Limited, a subsidiary of REC and RECTPCL to Power Grid Corporation of India Limited. Powergrid won the transmission project through tariff based competitive bidding process. Under the project, it will be a constructing a new 765 kV inter-regional corridor to connect the northern and western regions.
NLC India Limited has issued a tender inviting financial bids to part-fund its 709 MW solar PV power plant in Tamil Nadu. The proposed project has an estimated cost of Rs 30.39 billion and the tender has been floated to avail of a Rs 25.52 billion loan for the same. NLC has identified 36 banks and financial institutions for participation and has fixed a minimum amount of Rs 2.50 billion for a term-loan. The last date for bid submission is March 14, 2018.
BSES Rajdhani Power Limited (BRPL) has received a $1 million grant from the US Trade and Development Agency (USTDA) to develop and deploy India’s first Behavioural Energy Efficiency Programme in south and west Delhi. The programme aims to empower consumers to reduce energy waste, improve energy efficiency and lower peak-hour consumption. The pilot project will be undertaken by US-based Oracle America Inc. and will cover a total of 200,000 customers in the south and west Delhi. The project will commence from April 1, 2018, and is expected to be completed by December 31, 2019.
USTDA has extended a grant to Tata Power Delhi Distribution Limited (TPDDL) to develop opportunities in distributed energy resources (DERs) areas such as integration of rooftop solar, energy storage solutions and EVs. The support is part of the second phase of technical assistance by USTDA and will allow TPDDL to evaluate different combinations of DERs for implementation to improve its electric grid.
Moody's Investors Service has assigned a Baa3 rating to REC’s proposed senior unsecured notes issued under its $3 billion medium-term note program. The bonds will have a maturity of ten years and will be listed on the Singapore Exchange Securities Trading Limited and the International Securities Market of the London Stock Exchange.
JSW Energy Limited has acquired 100 per cent stake in JSW Electric Vehicles Private Limited (JSWEV) at a face value of Rs 100,000. With this acquisition, JSW Energy has marked its foray in the EVs, energy storage systems and charging infrastructure segments.
The Ministry Of Power Is Planning To Finalise The Proposed Hydro Policy In Order To Revive Stalled Hydropower Projects Aggregating About 5,950 MW
The Central Electricity Regulatory Commission (CERC) Has Issued A Discussion Paper On “Market Based Economic Dispatch Of Electricity: Re-designing Of Day-Ahead Market (DAM) In India”
The Ministry Of Power Has Decided To Convert All Existing And New Meters Into Smart And Prepaid Meters Within Three Years Starting From April 1, 2019
The Central Electricity Regulatory Commission (CERC) Has Notified The Draft CERC (Terms And Conditions Of Tariff) Regulations, 2019
The Central Government Has Constituted A Group Of Ministers (GoM) Headed By The Finance Minister To Examine
The Ministry Of Power Has Announced That The Households In Eight More States Have Achieved 100 Per Cent Electrification Under Saubhagya.
The Central Electricity Regulatory Commission Has Notified The Deviation Settlement Mechanism (DSM) And Related Matters (Fourth Amendment) Regulations, 2018
The Ministry Of Power Is Planning To Introduce An Electric Vehicle (EV)s Charging Infrastructure Policy Which Would Allow Individuals To Set Up Charging Stations For Commercial Use.
The Ministry Of Power Has Notified An Amendment In The Methodology For Use Of Coal By States In Private Generating Stations Under ‘Case-4: Flexibility Of Utilisation Of Coal In IPPs.
The Supreme Court Has Asked The Central Electricity Regulatory Commission (CERC) To Review Power Purchase Agreements (PPAs) Of The Thermal Power Plants (TPPs) By Adani Power Limited, Tata Power Company Limited And Essar Power Limited In Gujarat.
The Ministry Of Coal Has Issued A Tender For Allocation Of Coal Mines For Companies Engaged In Specific End-use Sectors
The Ministry Of Power (MoP) Has Announced Rs 1 Billion Award For States That Would Complete Household Electrification Early Under The SAUBHAGYA Scheme
Coal India Limited (CIL) Has Signed A Memorandum Of Understanding (MoU) With NLC India Limited For The Formation Of A Joint Venture
The Central Government Is Likely To Resume Allotting Coal To Merchant Power Plants That Supply Electricity To The Short-term Market
The Ministry Of Environment Forest And Climate Change Has Accorded Environmental Clearance To NTPC Limited For The 1,320 MW Talcher Expansion Thermal Power Project In Odisha
The Ministry Of Environment, Forest And Climate Change (MoEFCC) Has Issued A Draft Notification To Add A New Rule In Environment Impact Assessment Notification, 2006
The Ministry Of Power (MoP) Has Notified The Draft Electricity (Amendment) Act, 2018 Carrying The Proposed Amendments To The Electricity Act, 2003.
The Central Electricity Regulatory Commission (CERC) Has Notified A Discussion Paper Titled ReDesigning Ancillary Services Mechanism In India.
Ministry Of Power Has Issued A Direction To The Central Electricity Regulatory Commission (CERC) To Allow Changes In Any Central Or State Government Duties To Be Passed Onto Electricity Tariffs To Consumers Post Bidding
The Central Electricity Regulatory Commission (CERC) Has Notified The Draft Open Access In Inter-State Transmission (Fifth Amendment) Regulations, 2018
The Parliamentary Standing Committee On Energy Has Recommended That A New Framework Must Be Adopted To Resolve The Issue Of Stressed Power Assets
The Central Electricity Regulation Commission (CERC) Has Issued The Planning, Coordination And Development
The Ministry Of New And Renewable Energy (MNRE) Has Suggested The States To Waive Off Certain Cess And Taxes To The Developers Of Small Hydro Power (SHP) Projects (less Than 25 MW Capacity) For Six Years
The Ministry Of Power (MoP) Has Notified A Draft Concept Note On Merit Order Operation For Flexibility In Generation And Scheduling Of Thermal Power Stations
The Ministry Of Power Has Proposed To Change The Mandatory Default Setting For Air Conditioners
The Ministry Of Power (MoP) Is In The Process Of Finalising Guidelines To Improve Coal Supply To Thermal Power Plants
The Indian And French Governments Have Signed An Agreement To Expedite Work On The 9,600 MW Jaitapur Nuclear Power Plant In Maharashtra And Commence Work On The Site By The December 2018
The Nuclear Power Corporation Of India Limited
The Ministry Of Power (MoP) Is, Reportedly, Planning To Amend The Electricity Act, 2003 To Impose Penalties On Discoms For Load Shedding And To Introduce Direct Subsidy Transfers By State Governments To Consumers.
FLY ASH UTILISATION 2018 Conference Expo And Awards Is Scheduled On 15-16 March 2018
100 Years - A Century Old Legacy
The Ministry Of Environment, Forests And Climate
NTPC Limited Is Planning
The Ministry Of Power (MoP)
The NITI Aayog Is Expected To Introduce
The Central Government Is Planning To Soon Notify A New Policy On Coal Linkages
Macawber Beekay Has Received The Recommendations From American Society Of Mechanical Engineers
The Ministry Of Power Has Issued
Indian And Bangladeshi Companies
The Central Electricity
The Central Electricity Regulatory
The Ministry Of Power (MoP) Is At An Advance Stage
Coal India Limited(CIL) Is Offering Domestic
The Central Electricity Regulatory Commission
The NITI Aayog Has Notified The Draft National
The Ministry Of Power Has Evaluated The Status Of 34 Stressed Thermal Power Plants
The Niti Aayog Hasasserted In ItsThree-year Action Agenda
Raj Kumar Singh Has Been Appointed As The New Union State Minister For Ministry Of Power
The Ministry Of Power