Raj leader in Solar with 1264 mw installed capacity. Next Guj at 1024. Then MP 679. TN 419, Maha 379, AP 357. Other states need to pull up.
Tweet: Raj leader in Solar with 1264 mw installed capacity. Next Guj at 1024. Then MP 679. TN 419, Maha 379, AP 357. Other states need to pull up.
Solar power: Rajasthan shows the way: Solar power generation capacity has crossed the 5,000 MW mark with Rajasthan in the lead position. The central government has set an ambitious target of producing 100 GW of solar energy by 2021-22. The target for the current year is 2,000 MW and 12,000 MW for the next year.
Domestic coal demand surges, power price declines: By switching over to domestic coal, NTPC has cut average cost of electricity generation by 13.6% in the last three months. This move has led to savings of Rs 300 crores a month for its discom clients. The country’s coal imports also dropped by 7% in the April-December period.
Tweet: Laudable move by MoRTH to propose Rs 11,000 cr fund for “retrofitting” of existing highways to remove ‘black- hole’ accident prone spots.
No entry for accidents?: In a bid to reduce road fatalities, the fund will be used to fix engineering defects at 726 accident-prone areas. There is also a plan to impose penalties on companies and engineers responsible for faulty road design and could be one of the provisions in the upcoming Road Safety Bill.
Tweet: Blow for SEZ revitalisation ~ FinMin rejects logical proposal to allow sales to domestic mkt at import duties on par with minimum FTA rates.
SEZs denied access to domestic market: In a setback to SEZs, the finance ministry has rejected the proposal put forth by the commerce ministry as it feels that allowing them to sell in the domestic market will give them an unfair advantage over local manufacturers.
Tweet: New Crop Insurance Scheme can benefit from technology. Satellite & drone mapping of damaged crop areas can lead to speedy claims settlements.
Drones to farmers’ rescue: Crop losses and delayed insurance payments have been the bane of farmers. Apart from launching the technology-aided crop insurance scheme, the government also has plans to lower the share of insurance premiums farmers pay to encourage them to buy crop insurance policies.
Tweet: SmartCity projects & push for urban rejuvenation soon to see an overdue awakening of the Municipal Bonds market. Major new debt segment.
Smart cities to boost municipal bonds: The finance and urban development ministries are in the process of identifying cities whose municipal bodies could issue bonds to finance specific projects. SEBI prescribes that any municipal body which issues debt securities to the public must have the bonds listed on an exchange and get a rating from at least one credit rating agency.
Tweet: Peculiar situation: power rates at exchanges at such low levels now that Discoms prefer to buy from exchanges rather than contracted PPAs.
Power market conundrum: Significantly reduced offtake by cash-strapped discoms along with easy availability of electricity from thermal power plants with adequate coal stocks have led to a situation of excess supply capacity in the power market vis-a-vis demand. Even after paying fixed charges, some discoms find it prudent to jettison their PPA commitments and instead buy cheaper power from the exchanges.
Tweet: Powershift. Coastal shipping & related easing of cabotage rules & taxes motivate foreign shipowners to operate under Indian flag. Great!
Coastal shipping: Game-changer: Foreign fleet owners can now register their ships under the Indian flag and benefit from an improved operating environment. One of the largest shipowners in South East Asia, with a fleet of 164 ships, is the first foreign fleet owner to register.
—Vinayak Chatterjee is Chairman of Feedback Infra
His Twitter handle: @Infra_VinayakCh
A weekly selection of the author’s tweets—
with a brief backgrounder—in the infra space, by Adite Banerjie