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September 28, 2013

MNRE sets solar energy target at 10,000 MW by 2017...

 

solar power target

Ministry of New and Renewable Energy (MNRE) has set a target of generation of 10,000 mw of power through solar energy by the year 2017.

The minister for new and renewable energy Farooq Abdullah said that the phase I of the Jawaharlal Nehru National Solar Mission (JNNSM) has been very successful wherein 1685 MW of solar power was generated as against the target of 11,000 MW.

Abdullah said that large tracks of land have been identified in Rajasthan, Kargil and Ladakh which have immense potential of generation of solar power. He though cited that the challenge was starting a transmission line in the areas of Kargil and Ladakh so that power could be evacuated to the other parts of the country. He also said that there should be a lot of focus on breakthrough in new research to ensure storage of solar energy for greater time period.

Ratan P. Watal, secretary, MNRE, highlighted importance of development of solar power for meeting the solar requirements of around 40% of the population which lacked access to energy resources. Even providing one unit of power to such houses throughout the year would in itself need a generation of 15,000 MW of solar power.

JNNSM was launched in 2010 with an ambitious target of deploying 20,000 mw of grid connected solar power by 2022. Solar mission has targeted a capacity of grid connected solar power generation of 1000 mw within three years of its launch and to reach installed power capacity of 10,000 mw by the year 2017. The target of 20,000 mw for 2022, which if successful, could lead to conditions of grid-competitive solar power.

 


More literature on this...

http://articles.economictimes.indiatimes.com/2013-09-25/news/42394483_1_solar-power-power-generation-nehru-national-solar-mission


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Tata power is developing a 28.8 MW project in satara, Maharashtra to meet solar RPO of its distribution company...

 

tata power solar project

Tata Power Renewable Energy Limited (TPREL), the wholly owned subsidiary of Tata Power, is developing a 28.8 MW Solar PV Project in the Satara District in Maharashtra.

The plant will be spread over around 130 acre of land.

Electricity from the project will be supplier to the Tata Power's Distribution arm under a Power Purchase Agreement (PPA) for 25 years which will enable the distribution company to meet its solar renewable purchase obligation.

The power generated will be routed through Maharashtra State Electricity Transmission Limited (MSETCL)'s network.

As said by the Company, Tata Power is committed to generating 20-25 % of its total generation capacity from clean energy sources and is proud to be developing one of the largest solar projects in the country. TPC strives to reduce its carbon footprint.

 


More literature on this...

http://timesofindia.indiatimes.com/city/mumbai/Tata-Power-to-develop-28-8-MW-solar-power-project/articleshow/23205392.cms


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Maharashtra to seek opinion from CAG/CVC on the proposed tariff hike for UMPPs of TATA Power & Adani Power...

 

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The Maharashtra Government has decided to take opinion from the Central Vigilance Commission or Comptroller and Auditor General, regarding the proposed tariff hikes of the Ultra Mega Power Projects (UMPPs) by Tata Power & Adani Power

The Central Electricity Regulatory Commission (CERC) has asked Maharashtra to respond to the report prepared by a committee approving the proposed tariff increase for UMPPs of Tata Power & Adani Power in Gujarat.

As said by the GoM, the issue at stake include preservation of a national asset without compromising the contractual obligations of the operators. Compensatory tariff needs to be resolved in a transparent manner to avoid aspersions on the state government.

Apart from Maharashtra, CERC has also asked the power distribution utilities of Gujarat, Rajasthan, Haryana and Punjab to sign the report as members of the committee.

The states would have to approach their respective cabinets before signing the report. This move could delay revision in electricity tariffs from stations run by Tata Power (4,000 mw) and Adani Power (4,620 mw) at Mundra in Gujarat.

The Parekh committee report recommended compensatory tariff of Tata Power's Mundra UMPP by 45-55 paise per unit and Adani Power's tariff by upto 60 paise per mw.

The panel, appointed by Central Electricity Regulatory Commission to suggest tariff hike for the two 4,000-mw projects of Tata Power and Adani Power, submitted its separate reports on the two projects on August 16.

The report has suggested linking the tariffs to global coal prices and the revenue generated from the coalmines that have been bought by the two companies to run the power plants.

Power regulator had in April this year allowed Tata Power and Adani Power to pass on high imported coal costs to consumers. The regulator had appointed the Parekh committee to evaluate a compensatory tariff mechanism.

Tata Power and Adani Power had sought tariff escalation for power citing increasing cost of imported coal from Indonesia since last year. Tata Power and Adani Power claimed annual loss of Rs 1,600 crore and Rs 1,370 crore respectively by running their plants.

 


More literature on this...

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/maharashtra-government-seeks-cvc-cag-opinion-for-mundra-tariff-hike/articleshow/23206661.cms


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ADB approved $500 million loan for transmission system of renewable energy projects in India...

 

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The Asian Development Bank has decided to provide a $500 million loan for the development of a transmission system for evacuation of renewable energy projects such as solar and wind energy in western India.

 

The loans from the Manila-based bank come at a time when India is looking to boost dollar inflows to prop up the sagging rupee.

 

As said by the ADB, boosting of renewable energy projects for Rajasthan and other parts of India is a way to meet fast growing energy needs in an environment friendly manner and also improve the country's energy security by reducing reliance on imported fossil fuels.

 


More literature on this...

http://articles.economictimes.indiatimes.com/2013-09-27/news/42463964_1_renewable-energy-project-energy-security-adb


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Power Trading Prices are at all time low...

 

Power Trade

Prices of Power/Electricity being traded on the Power Exchanges have been reduced significantly on account of increased power generation, grid congestion and poor financial health of distribution companies.

The Power Trading accounts for nearly 2.5% of the power being transacted in the Country.

In the year 2008, the average Power Trading prices were around Rs. 7 per unit which has been reduced to around Rs. 2 per unit currently.


Further, as per the data on the Power Exchanges such as Indian Electricity Exchange (IEX) & Power Exchange of India (PXI), the power trading price has never crossed Rs. 3 per unit during the current financial year. Since April 2010, average price of electricity on Indian Energy Exchange ( IEX), which dominates market with over 90% share, crossed mark of Rs 5 per unit only once.

 

Average electricity price on IEX came down by 10% to Rs 2.05 per unit in August from Rs 2.28 in July. It attracted sellers for 5200 million units (MUs) in August, substantially higher than buyers for 2899 MUs during the same month.

The similar trend was witnessed on both IEX and Power Exchange of India Limited (PXIL) during July when they witnessed demand for 3040.32 MUs, which was 60% of available 5,111.02 MUs of electricity in the market.

As per the Power Exchanges, the reasons behind this trend are:

  • Over supply of electricity in the system
  • Inability of some of the buyer to draw power on account of congestion in the network. According to estimates, at least 10% of the electricity trade is not happening due to lack of adequate transmission network.
  • Inability of the Distribution Companies, on account of poor financial health, to buy power from the exchanges as they have to pay money in advance unlike other sources

 


More literature on this...

http://economictimes.indiatimes.com/news/news-by-industry/energy/power/electricity-prices-on-exchanges-plunges-to-new-low/articleshow/23202979.cms


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