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Showing posts with label Political. Show all posts
Showing posts with label Political. Show all posts

November 2, 2013

India, Australia to hold 3rd round of talks on nuclear deal...

 

India Australia Nuclear Power deal

India and Australia are to hold the third round of negotiations to finalise a civil nuclear agreement that could enable the sale of Australian uranium to India, in Delhi during the week beginning November 25, it was announced on Friday.

A statement issued by the Australian Foreign Ministry after talks between the Foreign Ministers of the two countries, Salman Khurshid and Julie Bishop in Perth, states that they have agreed that the conclusion of a high-quality Comprehensive Economic Cooperation Agreement would underpin a further significant expansion of the trade and investment relationship to mutual benefit.

Bishop also briefed Khurshid on the Australian Government’s commitment to open trade and investment policies and welcomed further Indian investment into Australia, the statement adds.

The Ministers also confirmed that the inaugural cyber security dialogue would be held in the first half of 2014, and reiterated the two countries’ commitment to work together to address threats such as terrorism and transnational crime.

 

Source

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October 2, 2013

Phase 2 of National Solar Mission having planned installations of 750 MW may be launched soon...

 

National Solar Mission

Ministry of New & Renewable Energy is planning to launch Phase 2, Batch I of the National Solar Mission (NSM) which aims development of around 750 MW of Solar PV Projects.

Under the NSM Phase 2, Batch I, the Government is considering to provide Viability Gap Funding (VGF) maximum upto 30% of the Project Cost or INR 2.5 Crs/ MW whichever is lower.

Some of the major aspects of this program as per the draft guidelines issued MNRE are as below:

Capacity: total 750 MW

PPA Process: The allocation process, signing of Power Purchase Agreements (PPAs) and handing out of VGF will all be handled by the Solar Energy Corporation of India (SECI).

Tariff:

  • Projects not availing Accelerated Depreciation: Rs. 5.45 /kWh
  • ­Projects not availing Accelerated Depreciation: Rs. 4.95 /kWh

Viability Gap Funding

  • Over and above the tariff, Viability Gap Funding (VGF) will be provided with an upper limit of 30% of the project cost or INR 25m/MW.
  • The exact quantum of VGF will be determined by a reverse bidding mechanism.
  • Developers would not be able to take advantages of REC Mechanism.
  • Viability Gap Funding (VGF) will be provided with an upper limit of 30% of the project cost for a maximum capacity of 100 MW.
  • The VGF amount will be handed over in three installments:
    • ­ 1st Installment (25% of total VGF): After the delivery of at least 50% of the equipment
    • ­ 2nd Installment(50% of total VGF): Commissioning of the project
    • ­ 3rd Installment (25% of total VGF): After one year of commissioning.
  • SECI can claim assets equal to the VGF amount if the plant remains inactive or if any assets are sold.
  • If the plant fails to generate any power continuously for one year during the course of the PPA period or the project is dismantled or its assets sold, SECI will have the right to claim assets equal to the value of VGF granted.

Key Concerns

  • Low tariff and uncertainty over VGF due to reverse bidding process will adversely affect the profitability of the Projects.
  • A firm mechanism to ensure that there is a match between states willing to buy power at the pre-determined prices and developers’ preference of location for the projects
  • No clarity on how the SECI will ensure the off-take of the power to states across the country that might be willing to buy the power.

As said by the MNRE, the bidding documents are all ready and waiting for the Cabinet approval for the disbursement of grant.

According to sources, the program is supposed to be launched in the next 10 days.

 


More literature on this...

http://www.renewableenergyworld.com/rea/news/article/2013/10/india-may-announce-first-national-solar-auction-since-2011-for-750-mw?cmpid=rss


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April 19, 2012

Modi suggests India to take initiatives to form league like OPEC…

As coal and gas are becoming scarcer and dearer, Gujarat Chief Minister today said India should take initiatives towards forming a league of nations on the line of OPEC for solar power.

“There are different league of nations like OPEC and others. A league should be formed among the nations which get more sun rays. India should play a prominent role into the formation of such a league and step up its R&D to lead those nations,” Modi said after dedicating a 500-MW solar power park to the nation.

The Organisation of Oil Exporting Countries (OPEC) is an industry association for the oil and gas sector, which often dictates terms for the global oil prices.

Modi said he has already spoken to Prime Minister Manmohan Singh on the need for forming such an association of countries and taking initiatives.

Emphasising the need for solar power in the face of rising coal and gas prices, he said, “It is not too far when all have to look back to solar power. Just few days back, we have seen because of coal shortage, many generation plants were to be kept shut. The price of coal will go only up further in the coming days”.

As coal and gas are becoming scarcer and dearer, Gujarat Chief Minister today said India should take initiatives towards forming a league of nations on the line of OPEC for solar power. Reuters

“It is not more than 20-30 years, when the world will face a similar situation. There will be no gas, no coal. People will look back at Gujarat,” he said, amidst thundering applauds among the 5,000-odd people gathered at the venue.

The Gujarat government had announced its solar policy in 2009, ahead of such a policy announcement by the Centre. Now, the state has 605 MW installation capacity compared to 200-odd MW by the rest of India.

Modi said the state is stepping up its solar power movement through a programme under which tiny plants would be installed in on the household, which would not only ensure clean energy, but reduce the usage of thermal power using coal.

“Gandhinagar already has multiple installations of solar rooftop systems ranging from 1 kilowatt (kW) to 150 kW at more than 150 locations, aggregating to a capacity of 1.39 MW,” he said, adding that similar solar rooftop programmes will be extended to more cities like Mehsana, Bhavnagar, Rajkot, Surat and Vadodara in the near future.

Gujarat, he said, has already met its target of 500 MW for 2014 and would move ahead with the same rigour and momentum for deployment of solar power projects and become a global solar hub.

“We are now looking forward to its next solar policy in the near future to support solar power deployment as well as now attract investments in the solar manufacturing industry,” he said.

The solar park, the biggest of its kind in Asia, has been set up on 5,000 acres of barren land and has a total capacity to host a total of 500 MW.

The park at Charanka, spread across 5,000 acres, has 500 MW of generation capacity of both solar and wind energy. Solar project developers like Alex Astral, US-based Sun Edison, Lanco Solar, Roha Dyechem and GMR Gujarat Solar Power have set up plants in the park.

While 214 MW of grid connected solar power was commissioned at Charanka by 17 national and international
companies, 10 solar plants having combined generation capacity of 87.49 MW have gone on stream in Surendranagar, eight in Kutch (85 MW) and three each in Banaskantha (55.20 MW) and Rajkot (25MW), among others.

State utility Gujarat Urja Vikas Nigam Ltd (GUVNL) had signed power purchase agreements (PPAs) for 968.5 MW with 85 national and international solar project developers. Of this, 605 MW was commissioned today.

Speaking after dedicating the projects simultaneously from here, Modi termed it as a major step towards meeting the country’s energy security.

“Gujarat shall show way to rest of the world in solar energy. Despite being a power surplus state, we are spending Rs 2,000 crore annually on clean energy in our war against climate change,” he said.

The Gujarat government also announced it will shortly come out with a rooftop solar power plant policy that would enable middle income group families to generate revenue by selling surplus power. “We shall soon come out with a rooftop solar policy as our aim is to produce solar power on rooftops and fields of farmers,” Modi said.

The Asian Development Bank (ADB), which extended $100 million financial support to the solar park at Charanka, today announced it would give an additional $500 million at concessional terms to Gujarat.

“$500 million financial assistance shall be given to Gujarat at concessional terms for four purposes that include assistance for development of smart grid to Gujarat Energy Transmission Corporation Ltd,” ADB Senior Climate Change Energy Division Head Naoki Sakai said.

Addressing the gathering here, US Consul General Peter Haas said India and America have a broad agenda for
development of clean energy technology. The US commitment to solar energy in Gujarat is worth over $ half-a-billion.

“The US Government’s total commitment to solar energy initiatives in Gujarat is worth over $ half a billion in finance, insurance and investment fund support.

“I am proud that three US Government agencies-Overseas Private Investment Corporation, US Export-Import Bank and US Trade and Development Agency – have provided financial support to the solar project,” Haas said.

 

Source: Firstpost

 

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August 29, 2011

China to fast track India’s Hydel Projects development ! ! !

image While the title of this post seems illogical and surprising at times; the same is becoming a reality now-a-days. With the China factor looming large, the Centre is desperately pushing the Arunachal Pradesh Government to expedite the development of storage hydroelectric projects on the Brahmaputra.

According to reports, China is planning to construct world’s largest hydro-electric project on river Brahmaputra after its own another largest hydro-electric project; Three Gorges Dam.   The proposed project is being constructed on the upper reaches of the river involving the setting up of a massive dam on the bend of the Yarlung Tsangpo — the Tibetan name for the Brahmaputra.

This will force India to speed up its own hydro projects on Brahmaputra to create a strong bargaining position to detract China from building mega hydel projects on the upper reaches of the river.

So far, India's success rate on this front has been dismal. Projects such as the 3,000-MW Dibang have been stuck for over three years now. Just two projects — NEEPCO's 600 MW Kameng and NHPC's 2,000 MW Lower Subhansiri — have a realistic change of coming up on the Brahmaputra over the next six years.

Even as NTPC Ltd has been roped in to prepare a feasibility study for a proposed 9,750-MW Siang Upper hydroelectric project, analysts are sceptical of how fast things can move.

Road and rail links, a prerequisite for transporting equipment to project sites, are lacking desperately. A key transmission link that was to come up for strengthening linkages with the North-Easter during the current Plan period is still held up for funds.

Additionally, the stated position of the Arunachal Government to avoid storage projects involving big dams is a hurdle.

The Ministry of Power has recently stated before the Parliamentary Standing Committee on Energy that it is trying hard to convince the Arunachal Government on the need for storage projects, officials said.

According to Dr. Brahma Chellaney, Professor of Strategic Studies, Centre for Policy Research

“If India harnesses the Brahmaputra in Arunachal through the proposed projects, it will strengthen its case against China's building of a mega-dam at Metog. But, it will have to do it before China does its project. Under the doctrine of prior appropriation, a priority right falls on the first user of river waters,”

The Tsangpo river flows through 1,625 km in Tibet, and then enters Arunachal Pradesh, where it is known as the Siang. Further down, the Siang — after its confluence with the Dibang and Lohit — is known as the Brahmaputra.

India is thus, on the downstream side of all the developments being planned in China on the river.

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