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Vikas Srivastava
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Govt’s EV Vision 2030 faces big challenges, say experts
Even as the government struggles to set up a clear roadmap for conversion of commercial and passenger vehicles to electric vehicles, various issues pose serious challenges to its vision of 100% electrification of public transport and 40% of personal mobility by 2030.
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Bid submission date for 5,000 MW solar projects likely to be extended
The date of submission of bids for 5,000 MW inter-state transmission system (ISTS)-based solar projects (2000 MW and 3000 MW capacity) under the Solar Energy Corporation of India (SECI) is likely to be extended by a couple of weeks.
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Power-packed: Discoms losing Rs 10k cr/year as coal tolling policy not allowed
Two years since the government allowed flexible utilisation of domestic coal under a tolling policy to reduce costs for generating power, only two states — Gujarat and Maharashtra — have come forward and signed power purchase agreements.
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Solar Power for Agriculture: Sunny days for Maharashtra farmers
The industry thinks the project cost could be lowered if suppliers are charged at 5% even as the erection of inverters and panels and the labour work invite a rate of 18%.
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Financial & Assorted Concessions: Sops for local production in new solar policy
In a move that could brighten the prospect for domestic solar equipment manufacturers, who are in the throes of fighting cheaper Chinese imports, the government is set to finalise a comprehensive solar manufacturing policy by the end of July.
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Adani Transmission ties up Rs 13,250 crore of funds to buy Reliance Infrastructure assets
Gautam Adani-led Adani Transmission has achieved financial closure for the purchase of Reliance Infrastructure’s power generation and distribution business in Mumbai.
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We are at the top globally, our ambition is to become no.1 in India, says Mansi Tripathi of Shell India Markets
Despite the competition from price-sensitive regional players and dominant PSUs, Shell India has grown at a CAGR of 20% in the last 5 years, and with aggressive expansion plans the momentum will continue in the coming years, Mansi Tripathi, managing director, Shell India Markets, told Vikas Srivastava during an exclusive interview. Excerpts:
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Fuel retail: RIL, Essar ramp up presence
The low share of private firms in retailing is despite their substantial share in the country’s refining capacity and production (RIL and Essar together have close to 45% of the refinery throughput right now).
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KEC eyes West Asia solar EPC projects as India orders dry up
KEC International, a major EPC player in the power sector, is planning to shift the focus of its solar power division to projects tendered in West Asia as prospects for solar projects dry up in India.
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World leader shows interest in India’s first ISTS Solar Projects
First Solar India, the Indian subsidiary of world’s largest solar panel manufacturer First Solar, plans to participate in India’s first inter-state transmission system (ISTS) bids for projects being invited by Solar Energy Corporation of India (SECI) and National Thermal Power Corporation.
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Coal shortage may impact power generation even as demand rises
According to the data, there are 11 plants with critical stocks of less than seven days, while 14 plants have a super-critical stock of less than 4 days.
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Essel Infra in talks to sell 3 solar projects
Essel Infraprojects, part of Subhash Chandra-led Essel Group, is in talks with various renewable energy players to sell three of its six solar projects with an aggregate capacity of about 215 mw, even as the company plans to build its solar portfolio by focusing on investments in solar parks.
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Waaree to set up 1,000 centres for solar solutions
In a first-of-its-kind initiative to support the government’s efforts in achieving its ambitious solar power generation target of 100 gigawatt (GW) by 2022, Waaree Energies plans to open around 1,000 solar experience centres in the next one year across India.
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Gas-based power plants: Future of Rs 60000 cr gas projects in jeopardy
In the nine years since natural gas was first discovered in the KG-D6 basin, the talk of priority allocation of natural gas for the power sector and 40% of India’s gas requirements being met from a single field has proven to be hot air!
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‘Companies must adopt Industry 4.0’
Even as the government aims to increase the manufacturing sector’s contribution to 25% of GDP by 2025 from the existing 17%, the progress in the last two years has belied expectations.
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Mahanagar Gas plans mobile CNG services in Mumbai
Mahanagar Gas is planning to start mobile dispensing of CNG in Mumbai this year, especially in regions with last-mile connectivity issues and problems of land acquisition.
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Petronet plans 20 LNG stations for buses from state roadways
Petronet LNG has planned to launch around 20 LNG fuel stations on a 4,000-km route running from Delhi to Thiruvananthapuram as part of its larger scheme in association with oil marketing companies and state roadways of Rajasthan, Gujarat and Kerala.
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Private players expect commercial coal mining to offer operational flexibility
The much awaited Cabinet nod for auctioning of coal mines for commercial use by private players will provide operational flexibility to coal consumers — predominantly power, metals and cement producers — who have been mostly dependent on public sector Goliath Coal India for coal linkages.
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DMICDC to award Rs 10k-cr logistic hubs in UP & Haryana by June
The Delhi Mumbai Industrial Corridor and Development Corporation (DMICDC), after successfully awarding more than Rs 15,000-crore packages in the first phase of construction in Maharashtra, Gujarat and Greater Noida, is in an advanced stage of awarding two big multi-modal logistic hubs, valued at Rs 10,200 crore, in Uttar Pradesh and Haryana by the end of June.
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IL&FS Energy looks to buy 150 MW solar assets
IL&FS Energy Development Company, involved in setting up of solar parks in public private partnership (PPP) with state governments, is looking at acquiring close to 150 MW of solar assets, and it has initially zeroed in on 9 projects to help it get there.
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Wind Turbines: Over 3,000 MW capacity rots for want of servicing
The decade-long fight between Enercon GmBH and its Indian arm, Wind World India, is proving to be a serious issue for the wind energy sector, as turbines with over 3,000 MW capacity have become near non-functional for want of servicing and lack of components, people close to the development told FE.
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Tolling policy: GMR restarts Chhattisgarh power plant
In what could pave the way for other stressed power plants, GMR Chhattisgarh Energy, a subsidiary of GMR Infrastructure, has restarted operations at its thermal power plant in the state to supply 500 MW of power to Gujarat Urja Vikas Nigam (GUVNL) under the ‘tolling’ policy of the Centre.
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ReNew Power is key contender for Iron Triangle’s solar assets
Inorganic moves in the renewable segment are picking up pace, with the latest target being Iron Triangle (earlier Backbone Enterprises), which has a 20 megawatt (MW) solar power capacity in Gujarat.
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UP to invite bids for 100 MW solar power projects in March
Encouraged by the successful implementation of solar projects in states like Karnataka and Gujarat, the Uttar Pradesh government led by chief minister Yogi Adityanath is planning to invite bids for 100 MW of solar power projects by March.
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How renewables faced impediments in 2017 and why they are set for more energetic 2018
The renewable energy push from the Narendra Modi government met with potent obstacles in 2017, as capacity additions failed to keep pace with the set targets.
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Renewable power producer Continum Wind is back in the market for a buyout
The benchmark cost for setting up wind units is estimated at Rs 4 crore per MW. At this rate, the replacement cost for a 1,850 MW capacity would be Rs 7,400 crore, and it is likely that the assets of Continuum Wind would fetch bids that would be at a premium to this valuation.
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Essar Shipping is planning to achieve this big capacity by 2020
This small shift will marginally reduce dependence on business from Essar Steel, its captive customer, which accounts for the bulk of its business.
