Category — Electricity

India to Float Tenders for Solar and Wind Power

Raj Kumar Singh, India’s minister for power and new and renewable energy said that 20 gigawatts each of wind and solar power contracts will be auctioned to boost India’s capacity to manufacture equipment, such as solar modules, or panels, which account for nearly 60% of a solar power project’s cost. Most solar power developers in India source solar modules and equipment from countries such as China, where prices are lower. But due to this, Indian manufacturers account for only about 10% of the market despite India having an ambitious 175 GW clean energy target by 2022, of which 100 GW is projected from solar projects.

The Government of India plans to award contracts to developers who quote the lowest price at which they will sell electricity in the auction process for the grid-linked capacity. The projects are expected to be commissioned in phases, reports Live Mint.

Solar Panels

Solar Panels

“It is a great move. Bidding pipeline has gone dry for quite some time and this is very much welcome. This reinforces the government’s commitment to solar… I would also hope that issues related to land acquisition, electricity evacuation and power purchase agreements are simultaneously addressed,” said Sanjay Aggarwal, managing director at Fortum India Pvt. Ltd.

November 11, 2017   No Comments

India Open to $300 Billion Oil & Gas Investments

India will offer global investors $300 billion worth of investment opportunities in the hydrocarbon sector over the next decade to keep pace with the country’s energy demand, India’s Minister for Oil Dharmendra Pradhan said.

Speaking in New Delhi at the India Energy Forum, organized by CERAWeek the Houston-based information and insights company IHS Markit, Pradhan said that India’s oil and gas output has been stagnant for years while its fuel demand has risen. Modi’s government is taking steps to unlock the country’s vast energy reserves and boost foreign investment in the sector; it has relaxed rules, including those on pricing and marketing, he added.

Natural Gas, Oil Rig

India, which imports over 80 percent of its oil needs, wants to reduce this figure by 10 percent by 2022, reports Live Mint. The country wants to attract foreign investors to $300 billion worth of energy projects that will include increasing the country’s refining capacity, oil and gas block exploration, and developing gas infrastructure, including the transport of liquefied natural gas and re-gasification.

October 15, 2017   No Comments

U.S. Entrepreneur Offers Small Module Reactors to India

Dr. Kris Singh, the Indian-American founder and CEO of New Jersey-based SMR LLC and Holtec International offered mini nuclear reactors to India.

“The new generation small nuclear reactor uses light water technology to produce 160 MW and is the future of nuclear energy because of its unconditional safety and economy,” Singh told the Press Trust of India in a recent interview. These reactors require only a few acres of land, and because they air cooled they can be installed in a desert, unlike traditional reactors which require huge amounts of water for cooling purposes, reports NDTV.

Model of SMR 160

Model of SMR 160

Holtec Asia, a wholly-owned subsidiary of Holtec International, recently constructed a facility in Dahej, Gujarat, to develop components for the Small Modular Nuclear Reactor (SMR-160). Singh added that this facility would initially export critical nuclear facility components including air cooled condensers, spent fuel storage, among others to U.S.A. and other countries.

October 11, 2017   No Comments

India Pushes Auto Industry to Make Electric Vehicles

India’s is pushing auto part and car makers to draw up plans to electrify all new vehicles by 2030. India’s minister for road transport, Nitin Gadkari, asked companies to start building electric and alternative fuel vehicles or risk being overtaken by policy changes.

Maker of engines, Cummins India, is investing in research on electric mobility solutions, while Hyundai Motor Co began talks with some of its suppliers for components for electric cars. Ashok Leyland launched an electric bus last year, and the company has since partnered with Indian start-up SUN Mobility to develop battery-swapping technology for cars, buses and trucks, reports Daily News.

electric car

According to industry data, electric car sales in India, one of the world’s fastest-growing car markets, are negligible compared with annual sales of over 3 million petrol and diesel cars in the last fiscal. Mahindra & Mahindra is the only electric car maker in India but it will soon be joined by Tata Motors which is exploring the possibility of building electric vehicles, managing director Guenter Butschek said. Hyundai said it plans to customize existing electric cars for the Indian market, but if that was not feasible it will develop new electric cars said Rakesh Srivastava, director, sales and marketing.

 

September 14, 2017   No Comments

7 Companies from India Feature in the Carbon Clean200 report

According to the latest Clean200 list, featuring the world’s largest publicly traded companies making significant revenue from clean energy, seven of India’s companies are included. Only Germany, Japan, the U.S., and Greater China have a larger representation than India on the list.

These seven companies are Suzlon Energy (rank 55), Bharat Heavy Electricals (rank 85), Tata Chemicals (rank 144), Exide Industries (rank 155), IDFC Ltd (rank 167), Thermax Ltd (rank 169), and Havells India (rank 200).

Forbes reports that the companies in the Carbon Clean200 report, compiled by the non-profit organizations As You Sow and Corporate Knights, are listed on the basis of certain criteria, some of which are:

  • their estimated green revenues in U.S. dollars
  • they are companies with over $1 billion of market capitalization (at Q3 2017-end)
  • those that earn more than 10 percent of total revenues from New Energy sources

“The Clean200 excludes all oil and gas companies and utilities that generate less than 50 percent of their power from green sources, as well as the top 100 coal companies measured by reserves, top 100 weapons producers, and laggards on tropical deforestation, and child or forced labor, and companies who engage in negative climate lobbying,” the report said.

Suzlon Wind Energy

Suzlon Wind Energy

August 30, 2017   No Comments