Indian entities importing crude oil, petroleum products, chemicals and fertilisers from the tension-ridden Arabian Gulf are paying “phenomenally higher” cargo insurance premium to cover war and strikes,
This is clearly a solar power solution with a difference. If what Energy Efficiency Services Ltd (EESL) has attempted is anything to go by, this distributed/de-centralised solar power unit model in Maharashtra could well be replicated in other States with huge agriculture load, estimated to be taking up about ₹65,000 crore in subsidy.
The Appointments Committee of Cabinet (ACC) has approved the proposals of the Ministry of Petroleum and Natural Gas and recommended Directors to the boards of Oil India, IndianOil and Oil and Natural Gas Corporation Limited.
India’s renewable energy sector has made remarkable progress, particularly after Prime Minister Modi launched a big push on renewables during his first term. But its fortunes have fluctuated since prices began tumbling to a point where renewable-energy firms’ financials have become stretched.
The Appellate Tribunal for Electricity (APTEL) on Monday has asked electricity distribution companies (discoms) owned by Andhra Pradesh government and the its electricity regulatory commission, not to initiate any precipitative or coercive action against the Ayana Ananthapuramu Solar Pvt Ltd.
Wind power firms are faced with curtailment in Andhra Pradesh at a time when the power generation is supposed to be at its peak. According to sources, AP Transco is backing down on 50 million units of renewable power, particularly wind energy, and replacing it with thermal power.
Even as the government’s new amendments will benefit wind project developers, land acquisition continues to be one of the major impediments for timely completion of projects, according to a note by CARE Ratings.