Ugandan power distributor Umeme Ltd plans to spend $1.2 billion in the next seven years to revamp and expand the grid and has hired an adviser to explore options for raising the money, the company’s chief executive said on Wednesday.
In Energy Breakthrough, India Added More Renewable Than Fossil Fuel Capacity for the First Time Last Year
India added more energy capacity from renewable energy sources last year than from conventional sources like coal for the first time, an important breakthrough for a country that struggles with high greenhouse gas emissions and deadly air pollution.
In a major boost to the state energy sector, the central power ministry has cleared the largest ever hydropower project for J&K with installed capacity of 1856-MW.
Pakistan’s objections over the designs of some of India’s hydropower projects along with other issues related to the Indus Waters Treaty are likely to be discussed during the two-day meeting of the Permanent Indus Commission here starting tomorrow, sources said.
In January, Brazil made a surprise announcement, ending its mega-dam building policy after years of pushing ahead with controversial projects such as the Belo Monte dam (the world’s third largest), and the Tapajós Complex.
Hydropower is usually considered a clean energy source but a latest study has now held that hydropower in Mekong River Basin, the longest river in Southeast Asia, might not be climate friendly and has emissions equalling that from fossil fuel sources.
Indian land between Bangladesh and Nepal is going to be the conduit for the two friendly international neighbors to have large scale hydropower trade in between.
NTPC Ltd will call bids in a month to acquire hydropower plants of upto 1000-mw capacity, its chairman and managing director Gurdeep Singh said on Tuesday.
India is considering lowering tariffs for new hydro-electric power projects to help them compete against cheaper forms of electricity, according to people with knowledge of the matter.
Macro view of the conventional energy sector remains unappealing. Demand continues to grow at a sedate pace. Utilization levels remain sub-optimal and the government and the financial institutions are yet to find a meaningful solution for stressed projects.