shl16/02/2018

In view of the state government’s initiative of digitalising the ‘anganwadis’ in the state, NGO Maharashtra Village Social Transformation Foundation (MVTSF) has provided solar power support to anganwadis in four villages of Paithan tehsil of Aurangabad.

The villages, Jambhali, Chincholi, Mehearbanaik Tanda and Jambhali Wadi, were receiving inconsistent power supply due to which services at digital schools were badly affected.

The NGO, through its rural development fellows, have connected the schools to solar power supply. Four digital schools will now get uninterrupted power, thereby improving delivery of educational service.

This moves comes after a baseline survey conducted by ‘gramparivartaks’ (rural development fellows) in these villages.

The NGO’s project aims to electrify remote villages of Maharashtra through non-conventional energy sources.

The NGO has installed 13 rooftop panels with a capacity of 300 to 400 megawatt power. Around 300 to 350 students from four anganwadi schools would benefit from this initiative.

The execution, training, operation and maintenance of the project are being done through funds provided by the NGO and the respective grampanchayats. Through infrastructure built up, other village initiatives will also be provided power.

MVSTF CEO Ramnath Subramaniam said the organisation’s mission is to ensure that villages are empowered and development is self-initiated and sustainable.

Aurangabad district collector Naval Kishore Ram appreciated the project and the use of gap funds by the CM rural development fellows.

Chief minister Devendra Fadnavis had launched the Chief Minister Fellowship Programme in 2015 to rope in young graduates in the administration.

se 716/02/2018

India’s largest public sector lender State Bank of India (SBI) has invested an undisclosed amount from its Neev Fund in Indian solar player SunSource Energy, for developing solar project assets in states with low levels of capital investment, the company said in a statement on Friday.

SunSource Energy, a solar project developer and EPC services provider, currently has 200 MWs of solar projects in India and abroad. The company targets to reach 1.5 GW of capacity by 2025, the statement said.

Founded in 2010, the company’s turnover has been rising at a compounded growth rate of nearly 200 percent year-on-year.

Adarsh Das, CEO and Co-Founder of SunSource Energy said “Our focus on environmentally sustainable solar energy solutions is fully aligned with Neev's focus on under-invested states. We look forward to deploying this capital into solar assets in these states, and significantly contribute to the sustainable development of these states”.

The Neev Fund, an initiative of SBI and UK’s department for International development (DFID), is an infrastructure private equity fund which aims to invest in low income or developing states in India, with a focus on infrastructure sub-sectors such as renewable energy, agricultural supply chain, among others.

Gavin McGillivray, Head, UK DFID India said, “We are pleased that Neev Fund is the first investor in SunSource. The investment will help the company grow in India’s under-invested states."

This is Neev fund’s fourth investment, and Varsha Purandare, MD, and CEO of SBICAPS said, “Neev Fund has been a highly successful partnership between SBI and the DFID of UK, having made a meaningful impact in India’s low-income states and a model fund for future funds by SBI/SBICAPS.”

The funding will help SunSource develop projects in Uttar Pradesh, Rajasthan, Madhya Pradesh, Bihar, Orissa, Jharkhand, West Bengal and Chhatisgarh, outside of their operations in other cities.

“Collaborations like these help SunSource reduce our clients’ costs and deliver effective solutions,” said Kushagra Nandan, President, and Co-Founder of SunSource Energy.

Economic Laws Practice, a leading Indian law firm, was the key legal advisor, and Venturebook Capital Advisors was the financial advisor, on the transaction.

16/02/2018

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.

16/02/2018

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.”

16/02/2018

In view of the state government’s initiative of digitalising the ‘anganwadis’ in the state, NGO Maharashtra Village Social Transformation Foundation (MVTSF) has provided solar power support to anganwadis in four villages of Paithan tehsil of Aurangabad.

The villages, Jambhali, Chincholi, Mehearbanaik Tanda and Jambhali Wadi, were receiving inconsistent power supply due to which services at digital schools were badly affected.

The NGO, through its rural development fellows, have connected the schools to solar power supply. Four digital schools will now get uninterrupted power, thereby improving delivery of educational service.

This moves comes after a baseline survey conducted by ‘gramparivartaks’ (rural development fellows) in these villages.

The NGO’s project aims to electrify remote villages of Maharashtra through non-conventional energy sources.

The NGO has installed 13 rooftop panels with a capacity of 300 to 400 megawatt power. Around 300 to 350 students from four anganwadi schools would benefit from this initiative.

The execution, training, operation and maintenance of the project are being done through funds provided by the NGO and the respective grampanchayats. Through infrastructure built up, other village initiatives will also be provided power.

MVSTF CEO Ramnath Subramaniam said the organisation’s mission is to ensure that villages are empowered and development is self-initiated and sustainable.

Aurangabad district collector Naval Kishore Ram appreciated the project and the use of gap funds by the CM rural development fellows.

Chief minister Devendra Fadnavis had launched the Chief Minister Fellowship Programme in 2015 to rope in young graduates in the administration.

16/02/2018

India’s largest public sector lender State Bank of India (SBI) has invested an undisclosed amount from its Neev Fund in Indian solar player SunSource Energy, for developing solar project assets in states with low levels of capital investment, the company said in a statement on Friday.

SunSource Energy, a solar project developer and EPC services provider, currently has 200 MWs of solar projects in India and abroad. The company targets to reach 1.5 GW of capacity by 2025, the statement said.

Founded in 2010, the company’s turnover has been rising at a compounded growth rate of nearly 200 percent year-on-year.

Adarsh Das, CEO and Co-Founder of SunSource Energy said “Our focus on environmentally sustainable solar energy solutions is fully aligned with Neev's focus on under-invested states. We look forward to deploying this capital into solar assets in these states, and significantly contribute to the sustainable development of these states”.

The Neev Fund, an initiative of SBI and UK’s department for International development (DFID), is an infrastructure private equity fund which aims to invest in low income or developing states in India, with a focus on infrastructure sub-sectors such as renewable energy, agricultural supply chain, among others.

Gavin McGillivray, Head, UK DFID India said, “We are pleased that Neev Fund is the first investor in SunSource. The investment will help the company grow in India’s under-invested states."

This is Neev fund’s fourth investment, and Varsha Purandare, MD, and CEO of SBICAPS said, “Neev Fund has been a highly successful partnership between SBI and the DFID of UK, having made a meaningful impact in India’s low-income states and a model fund for future funds by SBI/SBICAPS.”

The funding will help SunSource develop projects in Uttar Pradesh, Rajasthan, Madhya Pradesh, Bihar, Orissa, Jharkhand, West Bengal and Chhatisgarh, outside of their operations in other cities.

“Collaborations like these help SunSource reduce our clients’ costs and deliver effective solutions,” said Kushagra Nandan, President, and Co-Founder of SunSource Energy.

Economic Laws Practice, a leading Indian law firm, was the key legal advisor, and Venturebook Capital Advisors was the financial advisor, on the transaction.

download 4115/02/2018

The Indian Railways will call tenders to award contracts to set up 3,000 mw of solar power projects on its unused land, rail and coal minister Piyush Goyal said.

State-run lignite miner and power producer NLC India will also bid aggressively for the contracts, the minister said while addressing the media on Tuesday.

NLC entered the renewable energy sector with the commissioning of a 140 mw solar photo voltaic power plant at Neyveli and another 51 mw wind energy plant, also in Tamil Nadu. "In renewable energy, they already have about 191 mw today. It will become 300 mw by March 2018 and by 2025 it's actually 4,251mw that they are planning. So almost 24% of their 13,700 mw capacity will be renewable energy," the minister said.

NLC India posted a 96% increase in net profit at Rs 2,368 crore for the fiscal year ended March 2018. Its turnover grew 30% to Rs 8,672 crore.

Its mining capacity increased from 41.6 million tonnes a year as of March 2014 to 61.6 mtpa in January 2018.

Goyal said the company last year made its highest ever contribution to national exchequer — Rs 4,965 crore, or two-and-half times the previous year.

He urged the West Bengal government to accord approval for the transfer of Damodar Valley Corporation’s Raghunathpur power project to NLC India. "If they (Bengal government) had given us permission two years ago, by now we would have actually started the Raghunathpur plant and it would have started serving the people of India," he said.

Thursday, 15 February 2018 17:14

Centre targets industry to save power

download 2615/02/2018

The Centre, through its company Energy Efficiency Services Limited (EESL), is planning to replicate its success in the LED space in the commercial sector by creating a market for low-cost, energy-efficient motors, a senior official said.

S.P. Garnaik, national programme manager (CGM) at EESL said “About 30-34% of the total energy consumption goes to the industrial sector, which is a substantial amount. And out of that, about 70% is electrical energy consumption.” Most of this electricity consumption is due to the use of motor-driven systems, Mr. Garnaik added.

“Now, we can address the efficiency issues in the entire system or as at the sub-assembly level, which is at the motor level,” Addressing the entire system has larger opportunities but is more complex. You need so many technological interventions. So, initially, we decided to address it at a component level,” Mr. Garnaik said.

Using a combination of economies of scale and design efficiencies, Mr. Garnaik said EESL had so far been able to create motors in the capacity range of 1.1 KW to 22 KW that are 30% cheaper and result in an average of 15% lower electricity usage.

Mr. Garnaik said “Apart from the price benefit, one of the other levers to create demand is the fact that the Department of Industrial Policy & Promotion has issued a quality assurance guidance that says that manufacturers will have to supply a minimum energy performance standard adhering to the ‘International Efficiency-2’ (IE-2) level”.

The EESL motors are of the IE-3 level, which save between 7% to 23% of electricity compared with the current industry standard, depending on the application, Mr. Garnaik said.

“The present practice is of using non-IE motors,” he said. “About 99% of the motors being used are IE-1 or non-IE.” Phase 1 of the nation-wide programme, to be unveiled by Power Minister R.K. Singh, would seek to replace 1.2 lakh motors of the capacity of 1.1-22 KW, which would save 175 million units of electricity, he said.

In the second phase, two lakh motors would be replaced, including those of a capacity higher than 22 KW. “There are in total about 11 million motors that can be replaced, which works out to about 15 billion units of electricity being saved,” Mr. Garnaik said. “This can lead to 6,000 MW of capacity reduction. But 11 million cannot be done overnight.”

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