The Central Government Has Launched The National E-Mobility Programme To Provide An Impetus To The E-mobility Ecosystem In The Country.

Mar 12, 2018
Source Power Weekly Newsletter

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.

State Sector

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.

Private Sector

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.