ess17/02/2018

ArcelorMIttal, which earlier this week submitted a bid to acquire Essar Steel, has said it exploring the possibility of establishing a 600 MW solar farm by utilizing the land in Karnataka originally allotted to it for a proposed $6.5 billion project to set up a 6 million tonne greenfield steel plant.

The company said its decision was prompted by "excess capacity of steel worldwide and uncertainty in iron ore availability locally." The world's largest steel company said it has sought permission from the state government on this and the proposal is under consideration and added that it hopes to get approval for the same.

Arcelor said this would contribute to the mitigation of Karnataka's power crisis and to the participation in the National Solar Energy mission of the Government of India. The statement was part of the company's update on previously announced investment projects, including India greenfield projects, in its latest annual report.

Arcelor said it had explored investment opportunities in India and in June 2010, entered into a memorandum of understanding with authorities in the state of Karnataka in South India that envisaged the construction of the six million tonne steel plant with a captive 750 megawatt power plant, representing a potential aggregate investment of $6.5 billion.

The company has completed all of the necessary steps to acquire the land. ArcelorMittal India Limited received possession certificates for 2,659 acres of private land following the acquisition of 1,827 acres and 832 acres in December 2011 and October 2012, respectively, leaving a balance of 136.33 acres of land owned by the Karnataka government, which is being processed for allocation.

"However, in view of excess capacity of steel worldwide and uncertainty in iron ore availability locally, the company is also exploring the possibility of utilizing the land in Karnataka for the establishment of a solar farm for generating solar energy," it added.

Incidentally, in January 2018 ArcelorMittal decided to took over the assets of Exosun, a company that specializes in trackers for solar farms. Based in Martillac, France, Exosun designs, develops and markets steel solar trackers that allow photo-voltaic panels to follow the sun's path, and thus increase the performance of ground-mounted solar farms.

In its decade-long existence, Exosun had delivered more than 55 solar farms all around the world, amounting to a total 700 MW installed capacity. I a statement to announce the acquisition in January, ArcelorMittal had said it already operates in the solar energy market with a presence in steel solar frames which are manufactured in units in Europe, China and Egypt.

green17/02/2018

Rana Kapoor, MD & CEO YES BANK, has said that solar energy is at an inflection point and the key to its inevitable expansion depends on the ecosystem players and financial sector that is emerging as the backbone of this growing green economy.

He said this during the inaugural address of the World Sustainable Development Summit in Delhi on February 16.

India’s renewable energy capacity is expected to double, presenting an untapped investment potential of $448 billion. Mr. Kapoor said he believes that cohesive and concerted efforts amongst stakeholders can enable the government to achieve its target of generating 175 GW of renewable energy by 2022.

Mr. Kapoor also underscored the importance of the formation of the International Solar Alliance, which was jointly launched by Prime Minister Narendra Modi and the President of France in November 2015 on the sidelines of the U.N. Climate Conference, in enhancing the solar movement globally.

images 2117/02/2018

The Krishna district police have installed at least 16 blinkers that function with solar power in strategic areas along the national highways of Kolkata-Chennai and Vijayawada-Machilipatnam to avoid road mishaps and strengthen traffic signalling system.

In an official release, SP Sarvasresth Tripathy said 14 blinkers had been set up on the Kolkata-Chennai national highway that passes through the Krishna district. The police also erected more than 300 wooden poles, to indicate that a location was a ‘danger zone’.

They conducted a clean and green drive along the eight km stretch of the Krishna river embankment road between Vijayawada and Thotlavalluru police limits. All the unwanted growth, on either side of the embankment road, had been removed, ensuring a clear way for the vehicles to proceed on the road.

On Friday, police personnel took out a bike rally by wearing the helmet to create awareness on the use of the headgear in the limits of various police stations.

17/02/2018

ArcelorMIttal, which earlier this week submitted a bid to acquire Essar Steel, has said it exploring the possibility of establishing a 600 MW solar farm by utilizing the land in Karnataka originally allotted to it for a proposed $6.5 billion project to set up a 6 million tonne greenfield steel plant.

The company said its decision was prompted by "excess capacity of steel worldwide and uncertainty in iron ore availability locally." The world's largest steel company said it has sought permission from the state government on this and the proposal is under consideration and added that it hopes to get approval for the same.

Arcelor said this would contribute to the mitigation of Karnataka's power crisis and to the participation in the National Solar Energy mission of the Government of India. The statement was part of the company's update on previously announced investment projects, including India greenfield projects, in its latest annual report.

Arcelor said it had explored investment opportunities in India and in June 2010, entered into a memorandum of understanding with authorities in the state of Karnataka in South India that envisaged the construction of the six million tonne steel plant with a captive 750 megawatt power plant, representing a potential aggregate investment of $6.5 billion.

The company has completed all of the necessary steps to acquire the land. ArcelorMittal India Limited received possession certificates for 2,659 acres of private land following the acquisition of 1,827 acres and 832 acres in December 2011 and October 2012, respectively, leaving a balance of 136.33 acres of land owned by the Karnataka government, which is being processed for allocation.

"However, in view of excess capacity of steel worldwide and uncertainty in iron ore availability locally, the company is also exploring the possibility of utilizing the land in Karnataka for the establishment of a solar farm for generating solar energy," it added.

Incidentally, in January 2018 ArcelorMittal decided to took over the assets of Exosun, a company that specializes in trackers for solar farms. Based in Martillac, France, Exosun designs, develops and markets steel solar trackers that allow photo-voltaic panels to follow the sun's path, and thus increase the performance of ground-mounted solar farms.

In its decade-long existence, Exosun had delivered more than 55 solar farms all around the world, amounting to a total 700 MW installed capacity. I a statement to announce the acquisition in January, ArcelorMittal had said it already operates in the solar energy market with a presence in steel solar frames which are manufactured in units in Europe, China and Egypt.

17/02/2018

Rana Kapoor, MD & CEO YES BANK, has said that solar energy is at an inflection point and the key to its inevitable expansion depends on the ecosystem players and financial sector that is emerging as the backbone of this growing green economy.

He said this during the inaugural address of the World Sustainable Development Summit in Delhi on February 16.

India’s renewable energy capacity is expected to double, presenting an untapped investment potential of $448 billion. Mr. Kapoor said he believes that cohesive and concerted efforts amongst stakeholders can enable the government to achieve its target of generating 175 GW of renewable energy by 2022.

Mr. Kapoor also underscored the importance of the formation of the International Solar Alliance, which was jointly launched by Prime Minister Narendra Modi and the President of France in November 2015 on the sidelines of the U.N. Climate Conference, in enhancing the solar movement globally.

17/02/2018

The Krishna district police have installed at least 16 blinkers that function with solar power in strategic areas along the national highways of Kolkata-Chennai and Vijayawada-Machilipatnam to avoid road mishaps and strengthen traffic signalling system.

In an official release, SP Sarvasresth Tripathy said 14 blinkers had been set up on the Kolkata-Chennai national highway that passes through the Krishna district. The police also erected more than 300 wooden poles, to indicate that a location was a ‘danger zone’.

They conducted a clean and green drive along the eight km stretch of the Krishna river embankment road between Vijayawada and Thotlavalluru police limits. All the unwanted growth, on either side of the embankment road, had been removed, ensuring a clear way for the vehicles to proceed on the road.

On Friday, police personnel took out a bike rally by wearing the helmet to create awareness on the use of the headgear in the limits of various police stations.

hyd16/02/2018

State-run power equipment maker BHEL said it has commissioned 18 megawatt (MW) Mukerian hydro-electric project (HEP) in Punjab.

"With the commissioning of the second 9 MW hydro generating unit, Bharat Heavy Electricals Ltd (BHEL) has successfully commissioned the 18 MW Mukerian hydro-electric project (HEP) stage-II in Punjab," the company said in a regulatory filing.

Located on the Mukerian canal in Hoshiarpur district of Punjab, the 18 MW Mukerian project is a surface powerhouse of Punjab State Power Corporation Ltd (PSPCL).

"The generation from Mukerian HEP stage-II will contribute significantly in reduction of greenhouse gas emissions and will help in achieving a low carbon development path for the nation," the company added.

The first unit of the Mukerian HEP was commissioned in May last year.

lslp16/02/2018

All street lights in all municipal corporations will be replaced by LED lights, said chief minister Devendra Fadnavis.

This replacement will be done in the state as part of the Centre’s Street Light National Programme (SLNP).

For this initiative the Urban Development Department (UDD) and the Energy Efficiency Services Ltd (EESL) signed a Memorandum of Understanding (MoU) to install 20 lakh LED streetlight across the state. This move is estimated to save 500 MW of power and the electricity bill is expected to reduce by at least 50 per cent, said an official.

As per the agreement LED lights will be set up in the streets of all major cities of the state, including Mumbai, Navi Mumbai, Thane, Pune, Nashik, Aurangabad, Nagpur, Kolhapur, Satara, Sangli and Nanded.

Under the project the existing sodium vapour, mercury vapour bulbs will be replaced by LED bulbs, and the lights will be maintained for seven year period. Fadnavis said that the replacement of the bulbs will be completed by the end of December 2018.

16/02/2018

The country's renewable energy sector, powered by the solar and wind sectors, have received a stable outlook for the financial year 2019. Rating agency India Ratings anticipates a favourable environment for the wind and solar energy sectors as bids are being driven by Central Government agencies and power purchase agreements (PPAs) are becoming favourable to developers in terms of addressing grid curtailment and termination issues.

The report brought out by Divya Charen C of the rating firm, says: “Development of guarantee funds by states/ bidders, incentives to local solar panel manufacturers and exploring wind-solar hybrid projects and offshore wind projects indicate a sustaining growth momentum in renewable power.”

Few hurdles such as uncertainties in solar panel costs, unpredictable behaviour of distribution companies (discoms) and operational troubles from wind turbine manufacturers need to be addressed by renewables developers.

Ind-Ra believes avoidance of downtime of solar and wind plants are critical in ensuring the predicted internal rate of returns. There is a possibility of discoms resisting new renewable PPAs because of existing excess power tie-ups and PPA tie-ups with upcoming thermal plants.

The bond market favours renewables and transmission companies. Developers are looking for various avenues to raise funds for growth. The timeline between project commissioning and refinancing bank loans with bonds is decreasing as investors are getting tuned to the risks in projects and developers are looking to generate cash for growth.

Ind-Ra foresees adequate liquidity back-up and counter-party risks as the most critical factors for renewable projects. Change in grid management for scheduling increasing renewable energy and changes to the must-run status and financial health of discoms are the sector sensitivities.

Electricity demand growth has stagnated at around 6 per cent due to slower manufacturing growth and advances in consumption efficiency for lighting, appliances, electronics and equipment. Growing supply of renewable energy generation, with no fuel or emissions costs, and continuing capital cost reduction further suppresses prices in short-term markets.

In the absence of long-term fixed-price PPAs, developers are financing new thermal power plants backed by short-term contracts to offset low market prices. These projects may be unable to refinance their construction loans in the absence of a reversal of current market conditions.

16/02/2018

CleanMax Solar has signed up with Volvo Group India Pvt Ltd (VGIPL) for long-term supply of 2.75 MW solar power for Volvo’s truck units in Bengaluru. This is expected to reduce Volvo’s carbon dioxide emission by 3,380 tonnes per annum, and will also lead to a significant operating cost savings for Volvo.

Volvo is expected to begin drawing power from CleanMax Solar’s Ballari facility in May 2018, for its Hoskote and Peenya manufacturing facilities and will continue to do so for 10 years, under the agreement.

The agreement was formally signed by Kamal Bali, President and Managing Director, Volvo Group India, and Andrew Hines, Co-founder, CleanMax Solar.

Andrew Hines, Co-Founder, CleanMax Solar, said: “By supplying 60 per cent of their power requirement from our solar farm, Volvo will see significant operating cost savings, while also making an impressive reduction in their CO2 emissions.”

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