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In 10 yrs, renewable sources will dominate half of India’s energy capacity

According to reports, non-fossil fuels–renewables, nuclear and large hydroelectric power plants–will account for more than half (56.5%) of India’s installed power capacity within the 10 years to 2027, according to a draft of the third National Electricity Plan (NEP3) released in December 2016. The draft notes that if India achieves its target to install 175 gigawatts (GW, which consists of 1,000 megawatts) of renewable energy capacity by 2022–as it has committed to under the 2015 Paris Agreement–it will not need ... Read More »

Is the green edging out the black?

According to reports, a few noteworthy events have happened in the energy sector since the beginning of this year. First, some time in January, renewable energy capacity in India crossed the 50-GW mark, doubling in just five years. And, solar power capacity, which was hardly anything five years back, reached 10 GW. Going by capacities awarded and live tenders, this number could well double in two years. And then, in February, in two separate capacity auctions, solar and wind tariffs ... Read More »

Temasek-backed Sembcorp set to pump in $600 million in India power arm

According to reports, Sembcorp Industries Ltd, controlled by Singapore’s state-run investment firm Temasek Holdings Pte Ltd, is set to provide about $600 million to its Sembcorp Gayatri Power Ltd (SGPL) unit that operates a 1,320 megawatt (MW) thermal plant in Andhra Pradesh. Sembcorp will subscribe to $600 million worth of bonds issued by the Indian unit, a person with direct knowledge of the matter said on condition of anonymity. The funds will be used by Sembcorp Gayatri to pay down its ... Read More »

For whom the bell tolls?

According to reports, as renewable energy prices drop and investors show more than curiosity, conventional sources may take a hit, says M Ramesh  Never have two sit-up-and-take-notice events happened in rapid succession as in the Indian renewable energy sector in the February of 2017. Solar prices at ₹3.29 (averaged over 25 years) and wind at ₹3.46 a kWhr have been events of such signal importance that they practically eclipsed another development in the sector—that of the government allocating a whopping ... Read More »

UDAY a welcome step for issues concerning discoms: Anil Chaudhry, Schneider Electric

According to reports, in an exclusive chat with ET Nowm Anil Chaudhry, Country President & MD, Schneider Electric, said that the industry is seeing short-term challenges in the back of demonetisation. ET Now: Do you think schemes like UDAY or IPDS provide a new lease of life to the power sector and what are you expecting from the budget as well? Anil Chaudhry: So UDAY is a very welcome step to restructure that which most of our discoms have been ... Read More »

PM asks Indian energy companies to become MNCs

According to reports, pushing Indian energy companies to become multinationals, Prime Minister Narendra Modi today outlined a vision for creating energy corridors to the Middle-East, Central Asia and South Asia, saying stable and reasonably-priced energy is key to economic development. The world’s third-largest energy consumer needs to raise domestic oil and gas production to cut imports as also establish partnership with regional energy powerhouses, he said while addressing the inaugural session of Petrotech conference here. “Energy is a key driver ... Read More »

Renewable energy: Green push needs a balancing act

According to reports, at over 36,000 Mw, renewable energy contributes nearly 15 per cent of the country’s total installed electricity generation capacity. If the capacity addition of renewable projects such as solar and wind were to happen as per plans, this number is expected to go up to 1,75,000 MW by 2022. The steady ramping up of green power — solar, for instance, was just 2MW in 2010 but is now over 4,000 MW — does go a long way ... Read More »

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