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PNC: Interesting News from Power Sector A�APeriodic (A-Niyatkalik): Jan 25 issue (dated 17/01/25)

News Headlines:

  • AI Power Sector News RE: Surging to 205 GW in 2024 /NTPC invites bids to procure 219,000 Tonnes of biomass pellets
  • Nepal earns Rs 8.15 Bn from electricity export to India in 5 months of current FY/ B’desh owes Tripura Rs 200 CR in unpaid electricity bills
  • Maha RE Development news
  • Transformer theft leaves UP village without power for 25 days/UP to privatise two power Discoms
  • THM power plants get another extension for SO₂ compliance norms
  • India’s active internet users reached 886 Mn in 2024, growing at an annual rate of 8%
  • Budget 2025: Power Sector expectations
  • Benefits of ‘Liquid Solar energy’

Vijay L Sonavane

ME (Elect)

All info in this PPT is collected from various open sources available on the internet & News papers. Opinions expressed/ remarks, are my own views, which are based on my LIMITED EXPOSURE. You may not agree with my opinion. I respect your views/ opinions

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Evening Peak Demd met (GW) & Energy Met (MU); �IEX MCV (Market Cleared Volume) (MU) , MCP (Market Clearing Price) (PSPU)

Date

EVN Peak met (GW)

Energy Met

DAM MCV (MU)

DAM MCP (PSPU)

RTM MCV (MU)

RTM MCP (PSPU)

28 Dec (Sat)

182.981

4030

225

366

150

253

29 Dec (Sun)

175.037

3988

189

293

132

308

31 Dec (Tue)

188.427

4267

102

385

210

452

01/01 (Wed)

180.023

4178

203

372

121

306

04/01 (Sat)

192.807

4358

228

480

100

471

05/01 (Sun)

183.021

4237

119

340

103

354

06/01 (Mon)

195.023

4394

199

494

9

439

07/01 (Tue)

197.722

4497

200

493

85

448

08/01 (Wed)

198.156

4491

192

485

88

458

11/01 (Sat)

191.482

4310

190

504

97

576

12/01 (Sun)

184.033

4260

187

408

102

395

13/01 (Mon)

189.558

4344

184

515

99

444

14/01 (Tue)

177.333

4179

207

469

101

325

15/01 (Wed)

186.143

4219

201

462

100

325

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India’s coal production rises 5.33% in Dec 2024 to 97.94 MMT (02/01)

  • India's total coal production recorded a growth rate of 5.33% during Dec 24 to touch 97.94 MMT compared to Dec 23: 92.98 MMT. Captive & other mines produced 18.95 MMT, reflecting a significant growth of 29.61% compared to 14.62 MT in Dec 23.
  • Cumulative coal production up to Dec 24 also witnessed substantial growth, reaching 726.29 MMT in FY 2024-25, compared to 684.45 MMT during Apr-Dec of FY 2023-24, reflecting an increase of 6.11%
    • Coal dispatch, for Dec 24 surged to 92.59 MMT, compared to 87.06 MT in Dec 23, achieving a growth rate of 6.36%. Dispatch from captive & other mines stood at 18.13 MMT, marking a growth of 31.83% compared to Dec 23
    • Cumulative coal dispatch up to Dec 24 reached 750.75 MMT in FY 2024-25, compared to 711.07 MMT in FY 2023-24, recording growth of 5.58%.
  • India's coal imports declined by 3.1% to 149.39 MMT during Apr-Oct period of FY 2024-25 from 154.17 MMT in Apr-Oct of FY 23-24,due to the increase in domestic production.

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Top 10 most read Energy stories of CY 2024

Here are the top 10 most read energy Sector stories that took Energy by storm in 2024:

  • India's RE capacity surges to 195 GW, focus on green H2: RE capacity was 76 GW in 2014.
  • IEX powers up green energy trading: Renewable Energy certificates surge by 737% compared to last year : IEX reported 36% growth in RE market platform for Aug 24
  • GOI approves Rs 200-CR fund for green H2 valley projects in four states: DST has approved funding of Rs 50 CR each for four upcoming green H2 valley projects in India
  • RIL picks 26% stake in Adani Power project: in a MP power project of Adani, & signed a pact to use 500 MW for captive Use. Reliance will pick up 5 CR equity shares in Mahan Energen Ltd, a wholly owned subsidiary of Adani Power of face value Rs 10 at par (Rs 50 CR)
  • Sembcorp files suit against Siemens Gamesa over unsettled arbitration: Sembcorp's India unit has filed a suit in a Bengaluru court to stop Siemens Gamesa from selling country business before settling an arbitration arising from alleged default in existing contract

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  • India approves 50 Solar parks with 37.5 GW capacity, expands offshore wind plans for RE Goals: MNRE has approved 50 solar parks with a combined capacity nearly 37.5 GW. GOI’s target includes advancing offshore wind projects to meet a 30 GW capacity goal by 2030.
  • India powers up for green H2: 15,000 MW electrolysers with ₹45,000 CR boost by 2026: India to establish a massive 15,000 MW electrolyser manufacturing capacity for Green H2 production will require an estimated investment of ₹30,000-45,000 CR. GOI has also set aside ₹12,500 CR in incentives to support this capacity expansion for next 5 years.
  • Kerala receives investment proposals worth over Rs 72,000 CR to set up green H2, Amonia plants: from four major Cos to attain subsidies under the state’s draft green H2 Policy
  • 1,600 tonnes Lithium resources discovered in Karnataka: by Atomic Minerals Directorate for Exploration & Research (AMD): This discovery located in the Marlagalla area of Mandya Dist, represents a “significant find” for India’s RE Sector
  • Gautam Adani hikes stake in two group Cos: The promoter group has increased stake in flagship Adani Enterprises to 71.93% from 69.87%, according to stock exchange filings.

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NTPC records 326 BU Power Gen in Q3 FY25 (02/01)

  • NTPC Ltd, India's largest integrated power utility, recorded a gen 326 BU at the end of third quarter (Q3) of FY 2024-25 registering a growth of 3.82% compared to Q3 of FY 2023-24
  • NTPC coal stations achieved cumulative plant load factor (PLF) of 76.20% by the end of third quarter (Q3) of FY 2024-25.
  • By the end of CY 2024, NTPC Group installed capacity stands at 76,598 MW with an addition of 2724 MW during the year.
  • Apart from operational RE capacity of 76.6 GW, additional 29.5 GW capacity including 9.6 GW RE capacity is under construction. NTPC is committed to achieve 60 GW RE capacity by 2032.
    • Along with power generation, NTPC has also ventured into various new business areas including e-mobility, battery storage, pumped HYD storage, Waste-to-Energy, Green H2 solutions etc. & participated in bidding for power Distribution of UTs
    • NTPC Ltd. is India's largest integrated power utility, contributing 1/4th of power requirement of India. With a diverse portfolio of THM, HYD, solar, & wind power plants, NTPC is dedicated to delivering reliable, affordable, & sustainable electricity to India. NTPC is committed to adopting best practices, fostering innovation, & embracing clean energy technologies for a greener future.

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�IEX records 11,132 MU electricity trade in Dec 2024, up 29% YOY (07/01)

  • IEX achieved its highest-ever monthly electricity traded volume of 11,132 MU in Dec 24, marking a 29% increase on YOY basis.
  • During Dec 24, IEX traded 16.62 Lakh RECs, (58% Y-o-Y increase). For 9 months of FY 2025, IEX achieved electricity traded volume of 88,981 MU, (19% Y-o-Y increase)
    • For Q3 FY 2025, IEX achieved electricity traded volume of 30,464 MU, marking a 16% Y-o-Y increase. During the quarter, IEX traded 26.52 Lakh RECs, recording a 31% Y-o-Y increase.
  • During Dec 24, Day Ahead Market (DAM) segment at IEX recorded a 57% Y-o-Y increase in supply-side volumes. This rise in supply helped moderate prices. For Dec 2024, Market Clearing Price in DAM was Rs. 3.89 PU, (14% Y-o-Y rate decrease).
    • These prices presented an opportunity for Discoms & OA consumers to replace their costlier power by procuring through exchanges
  • For Q3 FY25, DAM prices averaged Rs 3.71 PU, (decline of 26% Y-o-Y), due to the availability of ample supply liquidity.
  • DAM achieved 6,674 MU volume in Dec 24 as compared to 4,798 MU volume in Dec 2023, (39% increase YoY). DAM segment registered total volumes of 16,712 MU during Q3 FY25, (14% increase over Q3 FY24)

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  • Real-Time Market (RTM) volume increased to 3,180 MU in Dec 2024, from 2,405 MU in Dec 2023, (32% increase) RTM segment registered volume of 9,322 MU during Q3 FY25, (30% increase over Q3 FY24)
  • Day Ahead Contingency & Term-Ahead Market (TAM), comprising of contingency, daily & weekly and monthly contracts up to 3 months, traded 498 MU during Dec 2024, (lower by 59% on Y-o-Y basis).
    • TTL volume on the segment during Q3 was 1,960 MU, (49% decline YOY)
  • IEX Green Market, comprising the Green DAM & Green TAM segments, achieved 781 MU volume during Dec 2024 (232 MU in Dec 2023, increase of 236% Y-o-Y)
    • During Q3FY25, the segment achieved volume of 2,470 MU, an increase of 305% over Q3 FY24
  • Green DAM (G-DAM) achieved 763 MU volume during Dec 2024 with a weighted AVG price of Rs 3.92 PU, as compared to 217 MU in Dec 2023, (increase of 252% YoY). During Q3 FY25, G-DAM achieved volume of 2,385 MU, increase of 311%
  • Green TAM (G-TAM) achieved 18 MU volume during Dec 2024 with an AVG monthly price of non-Solar Rs 5.88 PU, as compared to 15.4 MU in Dec 2023, (increase of 15%YoY.) During Q3 of FY25, G-TAM achieved volume of 86 MU, (increase of 187% over Q3 FY'24)
    • 16.62 Lakh RECs were traded in trading sessions held on 11th Dec 2024 & 26th Dec 2024, at a clearing price of Rs 260/REC and Rs 316/REC respectively.
    • REC traded volume in Dec 2024 increased by 58% on Y-o-Y basis. A total of 26.52 Lakh RECs were traded during Q3 FY25, an increase of 31% Y-o-Y

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Coal's share in India's power Gen capacity drops below 50% for 1st time since 1960s (21/12)

  • According to recent reports, coal's share in India's power gen capacity has dropped below 50% for the first time since the 1960s, marking a significant shift towards RE sources in the country; this milestone occurred during the Q1 of 2024.

Key points about this development:

  • Significant decline: The share of coal in India's total power gen capacity dipped below 50% for the first time in several decades.
  • RE surge: This drop is attributed to a significant increase in RE capacity addition, with solar power leading the way.
  • Impacting factor: Institute for Energy Economics and Financial Analysis (IEEFA) reports that RE accounted for a large portion of new power Gen capacity added in the first quarter of 2024.
  • In India Solar's contribution to electricity gen in India surged from 0.5% in 2015 to 5.8% in 2023.
    • India witnessed the world's fourth-largest increase in solar generation in 2023 (+18 terawatt hour or TWh), behind China (+156 TWh), the United States (+33 TWh), & Brazil (+22 TWh). Together, the top four solar growth countries accounted for 755 of Growth in 2023
  • According to IEA Net Zero Scenario solar would make up 22% of global electricity gen by 2030.

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India’s RE Milestone: Surging to 205 GW in 2024

  • India’s RE capacity achieved a remarkable milestone of 205 GW by the end of 2024, marking significant progress in transition to clean energy. This achievement is part of India’s ambitious roadmap to meet its target of 500 GW of non-fossil fuel capacity by 2030 & its net-zero emissions goal by 2070.
  • The surge in capacity has been fuelled by robust Govt policies & initiatives. These include the Production-Linked Incentive (PLI) schemes for manufacturing solar modules & batteries, state-level subsidies, & investments in green H2 technologies. Additionally, India’s RE policies have attracted significant interest from both domestic & international investors.
    • Solar & wind energy have been key drivers of this growth. Solar energy dominates India’s RE landscape, with vast solar parks like Bhadla in Raj setting benchmarks globally. Meanwhile, wind energy projects, both onshore & offshore, have continued to expand, leveraging India’s geographical advantages
    • Technological advancements & cost reductions have played a vital role in scaling RE projects. Declining costs of PV panels & improved energy storage solutions have made RE more accessible & economically viable. Infrastructure development, such as green energy corridors, has further facilitated efficient energy trans & integration.
  • Private sector participation has also been a major contributor, with conglomerates like Adani Green Energy, Tata Power, & Reliance Industries heavily investing in RE projects. International collaborations, such as those through the International Solar Alliance (ISA), have provided technical expertise & financial support, accelerating the transition.
    • India’s focus on RE is driven by the need for energy security, reduced dependence on fossil fuel imports, & climate change mitigation. Achievement of 205 GW is a significant step toward transforming India into a global leader in sustainable energy while addressing critical environmental & economic challenges.

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India's 2024 power output growth is slowest since pandemic, data shows (09/01)

  • Singapore: India's electricity Gen grew at its slowest pace in 2024 since the COVID-19 pandemic, an analysis of federal grid regulator data showed, hit by a slowdown in world's fastest growing major economy.
  • Power output rose 5.8% annually to 1,824.13 BU,. Growth in power Gen averaged 2.3% in H2 of CY 2024, nearly a quarter of the first half’s rise of 9.6%, the data showed.
    • The slackening electricity gen was in line with a softening economy, which grew at the slowest pace in nearly two years during H1 that ended on Sept. 30
  • The slowdown has not shown signs of easing significantly, with India’s manufacturing activity growing in Dec at its weakest pace for the year, amid weaker demand.
  • However, analysts expect a pickup in IND activity & residential power use stemming from adverse weather to drive growth of 6 to 7% in electricity use in 2025.
    • “Demand has already picked up in Dec 24, with mercury levels dropping and increased usage of heating systems,” said Sooraj Narayan, head of Asia-Pacific power modelling at consultancy Wood Mackenzie. —Reuters

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NTPC invites bids to procure 219,000 tonnes of biomass pellets (15/01)

  • NTPC Ltd has issued a tender for procurement of 219,000 tons of non-torrefied biomass pellets for its coal-fired THM power plant in Dadri, UP. The deadline for bid submission is Jan 28, 2025. The scope of work includes supply, loading, transportation, & delivery of agro-residue-based biomass pellets to National Capital Power station.
  • Additionally, unloading of pellets is mandatory & must be conducted on-site. Pellets should be loose-filled in fully covered & waterproof vehicles to prevent exposure to rain, sunlight, & dust during transit. Bagged pellets will not be accepted, & successful bidders will bear any associated unpacking & unloading costs, including demurrage charges. The supply of pellets must continue for 365 days from award of tender.
    • According to eligibility criteria, the bidders must be pellet manufacturers or traders, with individual participants required to be at least 21 years old. Participants can be Indian nationals, companies, sole proprietorships, partnerships, limited liability partnerships, consortiums, or cooperative societies registered in India. Non-resident Indians & multinational companies with registered offices in India are also eligible.
  • Biomass pellets must consist of at least 50% agro-residue, with a minimum inclusion of paddy residue. The pellets should be cylindrical, with a max diameter of 25 mm & a length of 35 mm, & have a gross calorific value between 2,800 kcal/KG & 3,400 kcal/kg.

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Nepal earns Rs 8.15 Bn from electricity export to India in 5 months of current FY (23/12)

  • Nepal Electricity Authority (NEA) has exported electricity worth Nepalese Rs 13 Bn (approx. INR 8.15 Bn) during first five months of the current FY. According to NEA officials, about 1.76 BU of electricity, valued at Nepalese Rs 13.04 Bn, were exported to India from mid-July to mid-Dec of current FY 2024-25.
    • Nepal has been exporting surplus electricity to India during rainy season for last few years,
  • AVG rate of electricity exported to India in 5 months is Nepalese Rs 7.39 (Rs 4.63) PU. NEA is selling the surplus electricity at competitive rates in the day-ahead & real-time markets of IEX & to Haryana & Bihar states as per bilateral medium-term PSA
  • As a result, NEA has earned Rs 815 CR by selling electricity during the review period as the trading was done in Indian currency.
  • However, since the dry season has come with the arrival of winter, Nepal has now stopped exporting & started importing electricity from India. Currently Nepal imports 300 MW electricity from India to meet its domestic demand. The majority of power houses in Nepal are of the run-of-river type, which face seasonal fluctuation.
  • Nepal was planning to export more electricity to India this year, but it could not do so because of damage to 456 MW Upper Tamakoshi HEP as a result of floods & landslides in Sept, according to NEA officials.
    • "As the water flow in rivers starts increasing, electricity exports will resume. From this year, Nepal has started to export 40 MW electricity to Bangladesh via Indian T/L
  • NEA has so far received approval from India to sell 941 MW electricity generated from 28 projects in Indian market under competitive market & medium-term PSAs.

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B’desh owes Tripura Rs 200 CR in unpaid electricity bills (24/12)

  • Bangladesh owes Tripura ₹200 CR in electricity dues but no decision has been taken on halting power supply to neighbouring country yet,” CM Manik Saha said
    • Tripura supplies 60-70 MW power to Bangladesh according to an agreement signed by Tripura State Electricity Corporation Ltd thro’ NVVN with Bangladesh Power Development Board.
    • Tripura is surrounded by Bangladesh on its north, south & west and length of its international border is 856 km, which is 84% of its total border.
    • "Bangladesh has not paid us about ₹200 CR for supplying electricity. The outstanding (amount) is increasing every day. We hope that they will clear their dues so that the power supply is not disrupted," Mr. Saha told PTI
  • He said several pieces of machinery at power gen plant in Tripura were brought thro’ either Bangladeshi territory or Chittagong port. Therefore, out of gratitude, Tripura Govt started supplying power to Nepal following a pact
  • Tripura began supplying power to Bangladesh in March 2016. The electricity is produced at the State-owned ONGC Tripura Power Company's (OTPC) gas-based 726 MW capacity power plant in southern Tripura's Palatana.
    • Adani Power, which exports power to Bangladesh from its 1,600 MW Godda plant in Jharkhand, reduced the supply to 520 MW from around 1,400-1,500 MW in August due to non-payment of $800 MN by Nepal

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PM Modi laid foundation stone for ₹1.85 Lakh CR green H2 hub in AP (08/01)

  • PM laid the foundation stone for NTPC Green Energy’s (NGEL) green H2 hub project at Pudimadaka near Visakhapatnam in AP. This is the first green H2 hub under National Green H2 Mission. NGEL Green H2 Hub project entails an investment of around ₹1,85,000 CR
    • This will include investment in 20 GW RE capacities, making it one of India’s largest integrated green H2 production facilities with a capacity of producing 1,500 tonnes per day (TPD) green H2 & 7,500 TPD green H2 derivatives (including green methanol, green urea & sustainable aviation fuel), primarily targeting the export market.
  • Spread over 1,600 acres, this project will include the development of a manufacturing facility, a green chemical zone, a chemical storage terminal, port infrastructure, a Transmission corridor, a 7 GW S/S, an 80 MLD desalination plant, an effluent treatment plant, & other facilities, making it a comprehensive operational framework which shall be completed by 2032. (7 years dream project)
    • Besides playing a key role in India’s quest for energy independence, this project will help drive decarbonisation across major sectors and strengthen the country’s Net Zero goals.

(Why in AP??: YARI HAIN IMAAN MERA YAAR MERI ZINDGI ???: He is my NDA partner, my Govt depends on his support)

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Mahavitaran Sets New Record with 25,808 MW Electricity Demand (13/01)

  • Despite winter season typically reducing electricity Demd, Maharashtra set a new record on Sat, Jan 11, 2025, with a peak electricity demand of 25,808 MW. This marks the highest Demd ever recorded, surpassing previous records. Mahavitaran, successfully met this demand without any additional power purchases, following strategic planning & preparation,
    • Mahavitaran had proactively prepared a supply plan to meet the rising electricity demand. As a result, the company was able to supply uninterrupted power even at this peak demand.
  • Mahavitaran is responsible for supplying electricity to the entire state of Maharashtra, excluding certain parts of Mumbai. On Jan 11, the electricity demand reached 25,808 MW, setting a new record. The previous high demand of 25,410 MW was recorded on Feb 7, 2024, & 25,144 MW on April 14, 2022. The increased demand this season is attributed to higher electricity consumption for AG pumps due to favourable monsoon rainfall.
  • To manag increasing demand, Mahavitaran had already secured PPAs in advance. On 11/01 power was sourced from various sectors:
    • 6,996 MW from MSPGCL,
    • 5,252 MW from CPSUs,
    • 5,733 MW from private projects,
    • 2,009 MW from HEP,
    • 3,093 MW from solar power projects, 228 MW from wind energy projects, & 2,498 MW from co-gen projects.

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Two more Solar power projects for farmers come up in Jalna Dist (01/01)

  • Two solar power projects have been set up under a GOM scheme for farmers in Jalna Dist in Hiwardi & Keligavan villages,
    • 6 MW solar project at Hiwardi, installed within a 5 km radius of AG-dominated S/S, is already operational & supplying electricity to 30 villages, benefiting 2,570 AG connections
    • 5 MW project at Keligavan village will become operational from 09/01
  • These projects were launched under Mukhyamantri Saur Krushi Vahini Yojana.
  • Currently, AG consumers receive electricity on a rotational basis during day & night. Farmers have been demanding uninterrupted daytime power to reduce inconvenience. These solar projects will cater to this need.
    • Total of 26 solar projects with a combined capacity of 126 MW are being established in Jalna Dist

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SJVN Green Energy invites bids for 1,352 MW Solar projects in Maha (24/12)

  • SJVN Green Energy Ltd, has issued a tender to develop 1,352 MW Solar projects across 102 sites in Maha under Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) 2.0.
    • The last date to submit the bids is Jan16, 2025. The projects will be distributed across four districts: Pune (154 MW at 9 locations), Nashik (304 MW at 22 locations), Ahmednagar (315 MW at 19 locations), & Solapur (579 MW at 52 locations).
  • The tender requires deployment of solar PV technology, allowing crystalline silicon or thin-film modules, with or without trackers. Bidders must use commercially established & operational technologies to minimise technology risk & ensure timely project commissioning.
    • The PV modules deployed must be listed in MNRE’s List-I under the Approved Models & Manufacturers of Solar PV Modules.

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Waaree Seeks 500 Acres in Nagpur for Rs 8,000 CR Solar Plant (04/01)

  • Waaree Energies has initiated plans to establish a solar manufacturing plant in Nagpur, requiring approximately 500 acres of land. The proposed project, with an estimated investment of ₹8,000 CR highlights Waaree’s commitment to strengthening India’s RE sector. This facility is set to play a pivotal role in boosting domestic solar panel production capacity.
  • The planned manufacturing plant aligns with India’s ambitious RE targets, aiming to reduce dependency on imported solar equipment. By focusing on locally produced solar panels, Waaree seeks to contribute to India’s “Make in India” initiative while fostering energy self-reliance.
  • Nagpur, with its strategic location & infrastructure, has been chosen as an ideal site for this mega project.
    • The investment also signals Waaree’s confidence in growing Demd for solar energy solutions in India. As India continues to expand its RE capacity, the need for advanced & efficient solar panels is on the rise. This project aims to meet both domestic & international market demands.
    • This development is expected to position Maha as a leading hub for RE projects. With supportive policies & growing investment in clean technology, Maha is likely to attract further initiatives in RE domain, strengthening its role in India’s green energy journey.

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Tata Power's ambitious Pumped HYD project in Maha work to commence soon (07/01)

  • Tata Power's much-awaited 1,800 MW pumped hydro storage plant at Shirawata in Pune Dist & another 1,000 MW PSP at Bhivpuri in Raigad Dist secured requisite approvals & clearances.
  • While 1000 MW Bhivpuri PHSP project received clearance from CEA, Tata Power aims to commence work in Jan 25 & commission it in 44 months, by 2028.
  • The work on the Shirawata project is scheduled to begin by mid-2025 & will be commissioned in 2029. GOM has signed a MoU with Tata Power to develop the two pumped hydro storage projects with a combined capacity of 2,800 MW. Upon becoming operational in 2028-29, these projects will enable Tata Power to deliver consumers a blended 24×7 clean power supply.
    • These projects require an investment of approximately Rs 13,000 CR, & they will be strategically situated at Shirawata, Pune (1,800 MW) & Bhivpuri, Raigad (1,000 MW)
    • This collaborative venture is positioned to advance Maha towards its ambitious goal of evolving into a $1 trillion economy by 2028 whilst creating employment opportunities for over 6,000 individuals.
  • During surplus energy periods, water will be pumped from lower reservoir to higher reservoir, & during peak demand, the stored water will propel turbines, generating electricity. This mechanism will considerably enhance energy security.

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Mahindra unveils new EV manufacturing and battery assembly facility in Chakan, Pune 09/01

  • Mahindra unveiled a new manufacturing & battery assembly facility at its Chakan plant, dedicated to producing Electric Origin SUVs.
    • Located within Mahindra’s Chakan manufacturing hub, the facility operates as a fully integrated ecosystem reliant entirely on RE & designed as a water-positive unit. This development is part of the al Rs 45 Bn investment located from Mahindra’s Rs 160Bn F22–F27 investment cycle, which includes powertrain development, new product platforms, and expanded manufacturing capacity.
  • The EV facility spans approximately 88,000 Sq. Met & incorporates advanced technology such as an AI-driven body shop, a fully automated press shop, & a highly sophisticated robotic paint shop.
    • Over 500 robots & automated transfer systems are deployed in the body shop, monitored in real-time through an IoT-based “Nerve Center,” ensuring process insights and traceability. The plant adopts Industry 4.0 technologies, including autonomous mobile robots & automated guided vehicles, to enhance safety, speed, & reliability in sustainable manufacturing. The facility also focuses on workforce inclusivity, targeting a 25% gender diversity ratio.
  • The battery assembly facility operates with patented processes for lean module assembly & high-performance battery production.
    • It employs advanced techs like hidden cell terminal welding, IP67 ingress protection, real-time temp monitoring, & anomaly isolation. Multi-layered end-of-line testing simulates real-world conditions to ensure durability & safety. The facility adopts a no-fault-forward approach & proprietary switching technology to reinforce product quality.

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Maha to solarize 35 Lakh Pumps by 2025 under PM-KUSUM (10/01)

  • Maha aims to solarise 35 Lakh AGl pumps by 2025 under the PM-KUSUM Scheme, making it a model state in RE implementation, Union minister P Joshi said at a regional workshop on RE in Mumbai. Maha’s leadership in implementing PM-KUSUM was cited as a key example of progress, particularly in supporting farmers and advancing RE initiatives
    • Maha: 35 Lakh AG Pumps (10,000 AG feeders) in a year means 10,000 Pumps in a day/ 28 feeders in a day: which does not seem to be a practical target. But..

PM KUSUM: Poor progress achieved under various components at AI level :

PM KUSUM was launched in March 2019 (about 6 years: only < 14% progress)

  • Over 2.95 Lakh standalone off-grid solar water pumps installed (out of TTL of 100 Lakh)
  • 10,000 MW decentralized solar plants on farmers' land
  • 35 lakh grid-connected AG pumps solarized (out of TTL of 200 Lakh)
  • As of 30.06.2024, 4,11,222 farmers nationwide have benefited from the PM-KUSUM scheme, with 51,097 farmers in UP benefiting by 29.07.2024.
  • Under Components B and C of PM- KUSUM: 30% CFA provided (or 50% for North Eastern/Hilly regions/Islands) for installing standalone agriculture pumps and solarizing grid-connected pumps.
  • About 11.34 GW solar capacity has been installed during Jan to Nov 2024.

Some more facts

India has almost 17.5 lakh sq km of arable land which is the highest in the world. Majority of the land in India is irrigated using 30 Mn groundwater pumps out of which, 20 Mn pumps are connected to the grid, 10 Mn are run on diesel and a nominal number of 3.9 Mn pumps are run using solar energy. (only 13% progress in 6 years)

(Actually media should study all these figures & put forth the facts .. But …. GOD save Us from the propoganda..)

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BrightNight commissions 115 MW hybrid RE project in Maha (15/01)

  • BrightNight, a RE power producer, has commissioned the first phase of its 115 MW hybrid RE power project, Optima Maharashtra, in Dharashiv, Southern Maha. This is one of Maha’s first co-located wind-solar projects.
  • Spanning around 500 acres, Optima Maha integrates advanced wind & solar technologies, powered by BrightNight’s proprietary AI-enabled PowerAlpha platform 1, which ensures max power output with the lowest environmental footprint.
  • It will be generating enough dispatchable clean energy to power about 230,000 homes annually while preventing about 225,000 tons of carbon emissions.
    • “This milestone project marks the official launch of BrightNight’s operations in the Asia Pacific region as we focus on building a cleaner, more sustainable future,” said Martin Hermann, CEO of BrightNight.
    • “India’s rapid growth, significant energy demand, and favorable policy environment make it a key market for us, and we are confident in our ability to deliver substantial value here. Optima Maharashtra will be pivotal in advancing the State’s clean energy goals and supporting India’s broader Net Zero mission,” he added.

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FICCI & MAHAPREIT ink MoU to promote clean energy in Maha (06/12)

  • Federation of Indian Chambers of Commerce & Industry (FICCI) and Mahatma Phule RE & Infrastructure Tech Ltd (MAHAPREIT) have signed a MoU to advance RE, decarbonisation, energy efficiency, & environmental compliance across Maha. Under the partnership, the focus will be on facilitating RE projects, enabling INDs to implement decarbonisation practices, & introducing energy efficiency measures across large-scale IND & small and medium enterprises.
  • Furthermore, collaboration will also work to ensure environmental compliance in line with existing Govt policies. The agreement also seeks to aggregate demand across multiple sectors to make sustainability solutions more affordable and accessible, particularly for micro, small, & medium enterprises.
    • In May 2024, MAHAPREIT signed an MoU with NTPC Green Energy Ltd to develop grid-connected clean energy projects in Maha with a combined capacity of up to 10 GW, including wind, solar, & hybrid systems.

(Is there any Authority to carries out Audit of such “feel good” mushroom MOUs. I sincerely feel that Majority of them are just “Mungerilal Ke Hasin Sapane”)

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RIL picks 26% stake in Adani Power project (21/12)

  • In the first collaboration between rival billionaires, Mukesh Ambani's Reliance IND has picked up a 26% stake in a MP power project of Gautam Adani, & signed a pact to use the plants' 500 MW electricity for captive use.
    • Reliance will pick up 5 CR equity shares in Mahan Energen Ltd, a wholly owned subsidiary of Adani Power Ltd, of face value Rs 10 at par (Rs 50 CR)
  • As per the deal, 1X 600 MW Unit from MEL's Mahan THM power plant, which has an aggregate operating & upcoming capacity of 2800 MW, will be designated as the Captive Unit for this purpose.
    • Mahan Energen has entered into a 20-year long-term Power PPA for 500 MW with RIL, under Captive User policy as defined under the Electricity Rules, 2005.
  • To avail the benefits of Captive User policy, RIL will hold a 26% ownership stake in the Captive Unit, proportionate to the total capacity of the power plant.
    • "This development brings between two corporates an exclusive arrangement for 500 MW PP by Reliance INDs on long term basis.

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U.P looks to privatise two power Discoms (14/01)

  • UP is looking to privatise two of its four power Discoms, a state Govt tender showed, as the country's most populous state,UP grapples with power losses & a lack of sufficient power infrastructure.
  • UP is inviting private Cos to form partnerships with or privatise state-owned Dakshinanchal Vidyut Vitran Nigam & Purvanchal Vidyut Vitran Nigam, per the tender dated January 12.
  • A majority of State Discoms in India are suffering losses due to older power T&D systems & frequent power losses, prompting the Govt to bring in private players.
    • Dakshinanchal Vidyut Vitran Nigam & Purvanchal Vidyut Vitran Nigam are each responsible for power distribution in 21 districts of UP.
  • Last year, PM asked States to identify & list their profit-making power utilities on India's stock exchange to meet increasing investment demand in power sector as well as to improve T&D system to add more RE capacity.
  • New Delhi & State of Odisha already have private-public power Dist partnerships in place. Tata Power is a major private player in Dist space, operating in Odisha as well as major cities like Delhi & Mumbai.

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Transformer theft leaves UP (Uttam Pradesh ??) village without power for 25 days (10/01)

  • Villagers in Soraha have been living without electricity for close to a month because of the theft of a 250 KVA power transformer. Thieves dismantled the transformer in the village in Ughaiti area, stole its oil and other valuable components, and fled.
  • Though power department has launched a probe into the matter, it is yet to install a new transformer even after 25 days. Neither have police been able to track the burglars. After dusk, the village with a population of 5,000 is plunged into complete darkness.
    • Basic necessities like inverters & mobile charging are also unavailable. Villagers are increasingly becoming more & more agitated.
  • Vijay Sharma, a local class 12 student, said "The Board exams are approaching, & it has been nearly a month since the transformer was stolen, yet it hasn't been replaced. This has made online classes extremely difficult. My entire academic year is at stake”
  • Haribhagwan, a farmer, said it has become nearly impossible for him to irrigate his field."It is also challenging to visit the fields and tube wells in the dark, & stray animals are damaging the crops. Despite repeated requests to electricity Dept to install a new transformer, there has been no action," he said.
  • Ashok Kumar JE stationed at Ughaiti S/s, assured that a new transformer is on the way.: "A case regarding the transformer theft has been registered, & a repair proposal has been sent to Govt (??). A new transformer will be installed within one or two days,"

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NCLAT dismisses appeal to stay insolvency proceedings against Indrajit Power Wardha (13/01)

  • National Company Law Appellate Tribunal (NCLAT) has dismissed a plea to stay the insolvency proceedings against debt-ridden THM power producer Indrajit Power. The appellate tribunal said "no error has been committed" by the National Company Law Tribunal (NCLT), while admitting the plea to initiate insolvency proceedings against the Maha-based company Indrajit Power on Feb 1, 2024, filed by Yes Bank.
    • The said order passed by Mumbai bench of NCLT was challenged by Rajiv Munjal, a Director from the suspended Board of Indrajit Power, before the NCLAT.
  • However, NCLAT upheld the NCLT order observing that it admitted the insolvency plea after finding debt & default which is not even questioned in the appeal filed by suspended board.
    • "The submission of the appellant (Director) that he proposes to enter into settlement, itself makes it clear that debt & default are admitted. In view of the aforesaid, we do not see any good grounds to entertain this appeal," said a two-member NCLAT bench on Jan 7, 2025.
  • Yes Bank, a financial creditor, has claimed a default of Rs 331.41 CR against Indrajit Power, which presently operates an 85 MW coal-based THM power plant at Wardha, Maha. Later, this loan was substituted by JC Flower Asset Reconstruction.
  • When the appeal was considered before NCLAT, Munjal submitted that he was taking steps to settle. NCLAT has granted several opportunities. The last opportunities were granted on Oct 1, 2024, & on November 5, 2024.
    • Even when the appeal was taken up on Jan 7, 2025, counsel for appellant submitted that no settlement could be entered. Following this, the appellate tribunal moved ahead & dismissed the appeal.

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THM power plants get another extension for SO₂ compliance norms — it’s time we reassess ongoing delays (08/01)

  • Union Ministry of ENV, Forest & Climate Change (MoEF&CC) has issued yet another extension for THM power plants (TPP) to comply with SO₂ emission norms, marking the fourth such delay.
  • In a Notification dated Dec 30, 2024, MoEF&CC extended the deadlines for installing flue gas desulphurisation (FGD) systems in TPPs. The announcement has reignited debates about the necessity, feasibility & urgency of ensuring cleaner coal-based power gen in India.

A sector dominated by coal

  • As of Nov 30, 2024, AI IC stands at 456.747 GW. Coal-based TPPs account for 217.65 GW 🡪 approx. 47% of TTL IC & 71% of electricity gen.
  • TPPs play an important role in the nation’s energy sector, so reducing their environmental impact is critical. Coal-fired power plants are among the largest contributors to air pollution, emitting particulate matter (PM), SO₂, nitrogen oxides (NOₓ) & heavy metals.
    • In Dec 2015, MoEF&CC implemented India’s first emission norms for SO₂, NOₓ & mercury control, acknowledging the significant impact of coal-fired power plants on pollution levels, both directly & thro’ secondary particulate formation.
    • The notification mandated the installation of SO₂ control technologies, such as FGD systems, within two years, with compliance deadlines set for Dec 2017. However, progress has been dismal & subsequent extensions have continued to push deadlines further.

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Timeline of compliance extensions

  • 2015: MoEF&CC introduced strict emission norms for coal-fired TPPs, with a compliance deadline of 2017.
  • 2017: MOP requested an extension of 7 years. Supreme Court eventually granted five additional years, i.e. until 2022, with Delhi-National Capital Region (NCR) plants to comply by 2019.
  • 2021: On April 1, MoEF&CC issued a Notification directing the formation of a Task Force consisting of representatives from ENV & Power ministries, CEA & CPCB. The task force was formed on April 16, 2021, to disaggregate 596 coal TPPs based on location, resulting in categories A, B & C with varying compliance deadlines.
    • Category A included plants within a 10 Km radius of NCR or cities with populations greater than 1 Mn. These plants had to meet compliance requirements by Dec 31, 2022.
    • Category B included plants within a 10 Km radius of critically polluted areas or non-attainment cities, with a Dec 31, 2023 deadline.
    • Category C includes all remaining plants, which were scheduled to comply by Dec 31, 2024.
  • 2022: New deadlines for SO₂ compliance for non-retiring TPPs were announced in Sept: Category A by Dec 31, 2024; Category B by Dec 31, 2025 & Category C by Dec 31, 2026.
  • 2024: A Notification in Dec 24 announced that deadlines for SO₂ compliance for non-retiring TPPs were revised again. Category A now has a deadline of Dec 31, 2027; Category B by Dec 31, 2028 & Category C by December 31, 2029.

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Issues with FGD implementation

  • “A lack of coordination & clear communication between MOP, MoEF&CC & TPPs regarding FGD requirements has caused widespread confusion. This has allowed TPPs to repeatedly delay the installation of FGD systems as compliance deadlines approach, creating uncertainty for manufacturers striving to meet demand,” said Nivit Kumar Yadav, program Director, IND & RE at Delhi-based think tank Centre for Science & Env.
  • Further complicating the matter, a Council of Scientific & Industrial Research-National Environmental Engineering Research Institute (CSIR-NEERI) report supported by Central Think Tank NITI Aayog recently suggested that FGD systems might not be necessary.
    • CSIR-NEERI, in a meeting held on August 21, 2024, recommended against installing additional equipment like FGD systems, claiming that SO₂ emissions from India’s coal-based power plants do not significantly affect ambient air quality.
  • Instead, the report suggested prioritising PM control over SO₂. However, this view risks downplaying the importance of SO₂ Regulation, particularly in regions like Delhi-NCR, where air quality remains critically poor.
    • To date, Only 7% of units (39 in total) have successfully installed FGD systems, contributing a combined capacity of 19,430 MW out of 238 GW.
    • Contracts have been awarded or are under implementation for 44 % of the units (238 in total), representing a capacity of 1,05,200 MW. Meanwhile, 26% of the units (139 in total), with a capacity of 42,847 MW, are at different stages of the tendering process.
    • Remaining 23% of the units (121 in total), accounting for 36,683 MW, are still in the pre-tendering phase.

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  • Although penalties for non-compliant operations beyond the stipulated time exist, they remain ineffective as deadlines are consistently extended.
    • Under the 2022 notification, penalties range from Rs 0.2 PU of electricity for delays up to 180 days, Rs 0.3 PU for 181 to 365 days, to Rs 0.4 PU for delays beyond a year. However, these measures have yet to be enforced due to the lack of fixed deadlines.

Time to rethink:

  • Repeated extensions reflect deep systemic issues in managing air pollution from TPPs, including a lack of coordinated planning, ineffective enforcement mechanisms & insufficient urgency in tackling emissions from one of the largest contributors to air pollution. These delays increase ENV & public health toll of inaction. Effective SO₂ regulation is not just an environmental necessity but also a public health imperative
    • MOP must take decisive steps to ensure FGD implementation in Category A plants located in Delhi-NCR, where air quality is among the worst in the country. Once these critical plants are addressed, efforts can then be scaled to other regions in categories B and C
  • A central meeting showed pushback against tech in power plants to reduce SO2 emissions. Here’s why it’s a bad idea The repeated extensions reflect deep systemic issues in managing air pollution from TPPs
  • To break the cycle of delays, a transparent roadmap addressing bottlenecks such as procurement challenges, financial constraints & Regulatory ambiguities is critical. Additionally, penalties for non-compliance must be prioritised, with no further extensions granted. This will compel TPPs to take compliance deadlines seriously & expedite the necessary installations.
    • With the clock ticking, it is time to reconsider our approach towards it. Ensuring clean power from coal-based plants is not just a regulatory requirement but a responsibility towards cleaner air & healthier lives.

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PM Modi laid foundation stone for ₹1.85 Lakh CR green H2 hub in AP (08/01)

Why in AP only: “YARI HAIN IMAN MERA YAAR MERI ZINDGI ???”

  • PM laid the foundation stone for NTPC Green Energy’s (NGEL) green H2 hub project at Pudimadaka near Visakhapatnam in AP. This is the first green H2 hub under National Green Hydrogen Mission. NGEL Green H2 Hub project entails an investment of around ₹1,85,000 CR
    • This will include investment in 20 GW RE capacities, making it one of India’s largest integrated green H2 production facilities with a capacity of producing 1,500 Tonnes/day (TPD) green H2 & 7,500 TPD green H2 derivatives (including green methanol, green urea & sustainable aviation fuel), primarily targeting the export market.
  • Spread over 1,600 acres, this project will include the development of a manufacturing facility, a green chemical zone, a chemical storage terminal, port infrastructure, a tran corridor, a 7 GW S/S, an 80 MLD desalination plant, an effluent treatment plant, & other facilities, making it a comprehensive operational framework which shall be completed by 2032. (7 years dream project)
    • Besides playing a key role in India’s quest for energy independence, this project will help drive decarbonisation across major sectors and strengthen the country’s Net Zero goals.

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SECI secures 'Excellent' rating in MoU performance for FY 2023-24 (11/01)

  • Solar Energy Corporation of India Ltd (SECI) has achieved "Excellent" rating for its performance under MoU with MNRE for FY 2023-24, earning a score of. 96 out of 100 This achievement highlights SECI's unwavering dedication to operational excellence & upholding the highest standards of corporate governance.
  • As a leading CPSE, SECI plays a pivotal role in the development & expansion of RE capacity in India, with a cumulative awarded gen capacity exceeding 73 GW as of Dec 31, 2024. SECI is the premier RE Implementing Agency (REIA) in the country, continuously working to meet climate goals & drive sustainable development.
    • In FY 2023-24, SECI witnessed a substantial increase of 22.13% in its annual trading volume, with a total of 42.935 BU traded. SECI recorded a total income of Rs. 13,135.80 CR., signifying a robust growth of 20.91% over preceding year. Furthermore, SECIachieved a Profit After Tax (PAT) of Rs. 436.03 CR, reflecting a commendable growth of 38.13%.
    • Recently on 30th August 2024, SECI was granted Navratna status by Ministry of Finance.

It may be noted that recently, SECI’s name has been involved in the alleged Adani Bribery case in US Courts (Bribery of Rs 2000 CR to Indian officials)

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India’s internet users to surpass 90 CR in 2025, says IAMAI-Kantar report (17/01)

  • India’s internet user base is on track to cross 900 million (90 CR) this year, according to the “Internet in India Report 2024” compiled by Internet & Mobile Association of India (IAMAI) & Kantar.
  • The study shows that India’s active internet users reached 886 Mn in 2024, growing at an annual rate of 8%. A significant driver of this expansion is rural India, which accounts for 488 Mn users, or 55% of total.
    • Despite a slower rate of growth in cities, the countryside continues to see double the growth of urban regions, reflecting untapped potential in smaller towns & villages.
  • The report highlights the importance of Indic languages in shaping online habits, with nearly 98% of users consuming content in local tongues such as Tamil, Telugu & Malayalam.
  • Moreover, 57% of urban internet users prefer accessing content in regional languages, underscoring a Nationwide push toward local-language digital platforms. As technology becomes more accessible, particularly for first-time internet users, developers & content creators are increasingly focusing on language localization & cultural relevance.

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  • Women now make up 47% of India’s internet user base: the highest share on record. In rural areas, women account for 58% of shared-device usage, reflecting improved digital inclusivity compared to previous years.
  • These numbers point to steady progress in closing the gender divide, as more women gain access to mobile devices & affordable data plans. The growing presence of women online also signals new opportunities for businesses & community initiatives focusing on female-centric products, services & educational resources.

Adoption of new technologies:

  • The push toward digitalization extends beyond smartphones. The report indicates that the use of non-traditional devices, such as smart TVs & smart speakers, surged by 54% between 2023 & 2024, mainly in urban markets.
  • Rural users dominate in streaming activities such as over-the-top (OTT) video, music, social media & communication apps. In contrast, urban populations still lead in net commerce, digital payments & online education: a pattern that underscores the ongoing differences in how internet services are adopted across the country.

AI becomes mainstream

  • Emerging technologies have also found a receptive audience, with nine out of 10 internet users reportedly interacting with AI-powered apps at least once. This widespread acceptance is fueling enthusiasm for expanded AI features, though industry experts warn that accuracy & ethical use must remain a priority.
    • “AI has emerged as a significant game changer over the past year,” said Biswapriya Bhattacharya, director of B2B & technology at Kantar Insights, South Asia. “At the same time, it is crucial for companies to ensure their solutions are both accurate & ethical.”

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Budget 2025: Energy experts demand increased allocation for smart meters, focus on modernizing Grid INFRA (11/01)

  • Extension of Production Linked Incentive (PLI) scheme for Solar energy value chain, increased allocation towards PM Suryaghar Muft Bijlee Yojana, & greater thrust to T&D infrastructure are likely to be the key features of the upcoming Budget, as far as energy sector is concerned.
  • IND players expect increased allocations, particularly towards Solar & Wind, along with higher budgetary CAPEX in green H2 & battery storage infrastructure.
    • As far as evacuation of power from offshore wind projects is concerned, IND would want to see VGF or budgetary support to continue or get enhanced,”

IND hopes to see a decisive increase in funding to accelerate Green energy transition. Priorities must include:

  • Scaling RE by addressing grid & tTrans challenges,
  • Advancing Battery Energy Storage Systems (BESS) for grid stability & reliable power,
  • Doubling EE & digitalizing energy sector thro’ AI, smart meters, & data-driven solutions
  • Streamlining RT solar programs with simplified approvals, financing, & monitoring is equally vital,”

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  • GOI to remove restrictions on state wise caps on RT capacity for net-metering for IND establishments.
  • Adoption of batteries to substitute use of diesel gens for back-up power should receive incentives & policy support given their role in reducing dependence on imports,
  • With peak demand for power growing at a rate of 8-9% annually, IND is looking forward to strengthening of Climate resilient T&D infrastructure augmentation.
  • Some incentive mechanism for promoting initiatives on private sector participation or listing of utilities at State level because they are increasingly being seen as the much needed structural reforms the sector needs.
  • More financing under RDSS for the sector which seeks to bring down India’s T&D losses to 12% & improve recovery for state utilities
  • GOI should announce a time-bound privatisation program for assets owned by PGCIL.
  • PLI scheme for solar value chain to continue with possible reduction in the duty structures for solar equipment.

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Obrist touts benefits of ‘Liquid Solar energy’ (23/12)

  • German-Austrian group’s founder & CEO says green methanol, which is as easy to store & transport as fossil fuels, is ready for large-scale implementation.
  • Frank Obrist, founder & CEO of the German-Austrian Obrist Group, says RE derived from air & sunlight that is transportable & storable with the same ease as fossil fuels no longer is a utopian vision but a fully developed technical concept ready for large-scale IND implementation.
  • “Green methanol is a renewable energy source that can replace all fossil fuels worldwide,” Obrist claims. “As hard to imagine today as the iPhone was before its launch in 2007, green methanol will be as commonplace in 15 years as smartphones are today.“
  • Obrist anticipates this pivotal shift toward “liquid solar energy” to take off in 2025.
  • “The world faces a dilemma: the escalating threat of global warming from continued fossil fuel use & uncertainties of relying solely on wind & solar power for energy,” he said in a news release. “The solution lies in solar energy—not as electricity, which is challenging to store & transport, but in the form of green methanol.”

CO2-negative equals climate-positive

  • In simple terms, the process involves extracting water from air & using solar energy to convert it into H2, which is then transformed into methanol, the Obrist Group explained. Methanol, a liquid at room temp, can be stored for long periods in standard containers & easily transported via conventional methods such as pipelines, tankers, trains, or trucks. The key innovation: More CO2 is captured from atmosphere during methanol production than is released during its combustion.
    • This Direct Air Capture (DAC) technology, developed & patented by Obrist, functions like a “CO2 vacuum,” removing CO2 that has accumulated in the atmosphere over decades of IND activity. Obrist refers to this product as aMethanol (Atmospheric Methanol) & describes the process as “sub-zero.” Unlike achieving net-zero emissions, this method goes further by actively reducing atmospheric CO2 levels, making the process CO2-negative and therefore climate-positive.

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  • “In order to leave an intact climate for future generations, we need to capture the CO2 emitted by extensive use of fossil fuels, i.e. remove it from atmosphere,” explained Obrist, who holds over 252 registered & 128 granted patents worldwide that are designed to do exactly that. The UN supports the concept, the group reported.
  • “Many people can only envision possibilities once they’ve become reality,” Obrist continued, offering examples: “ 20 years ago, the smartphone was unimaginable until Steve Jobs unveiled the iPhone in 2007. Similarly, Elon Musk’s idea of a battery-powered electric car was met with skepticism around 15 years ago—yet today, the European car industry is no longer laughing. In the same way, the concept of liquid solar energy may seem utopian to many, even though its implementation is already within reach.”

Green methanol: A cost-effective alternative to fossil fuels:

  • Obrist refutes the counterargument that green methanol production is uneconomical. "Solar energy is almost free in the earth's sun belt,” he contended. “If we set up methanol factories there, the cost of this RE source, at just under 6 cents/KWH, will be significantly lower than all fossil fuels, even when transport costs are included.”
  • The Obrist Group is planning to build “gigaplants,” or giant solar parks that will not supply electricity, but green methanol. Almost 4 Mn tons of methanol are to be produced per year on an area of around 280 sq Kms, the company said. At today’s energy prices, this corresponds to a sales volume of around $4.3 Bn per year. The annual operating costs are estimated at around $340 Mn, leaving a gross profit of almost $4 billion a year. The construction costs for a gigaplant, calculated at $18.6 Bn would therefore be recouped in less than five years, which corresponds to an annual return on capital cost of over 21%.
    • “The high profitability is key to attracting investors,” Obrist concluded. “Every investor should recognize that entering the gigaplant business today is comparable to investing in Apple 20 years ago or Tesla 15 years ago in terms of financial potential.”

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Thanks !!!

  • तेथे ६२ व्या वर्षी तेथील पिट्सबर्ग विश्वविद्यालयात सांख्यिकी चे प्रोफेसर बनले आणि ७० व्या वर्षी पेंसिल्वेनिया विश्वविद्यालयात विभाग प्रमुख बनले.
  • ७५ व्या वर्षी अमेरीकी नागरिकता मिळाली.
  • ८२ व्या वर्षी विज्ञानाचे राष्ट्रीय पदक, एक व्हाइट हाउस सन्मान मिळाला. आज १०२ व्या वर्षी त्यांना सांख्यिकी चा नोबेल पुरस्कार मिळाला.
  • भारत सरकारने त्यांना आधीच पद्मभूषण (१९६८) आणि पद्म विभूषण (२००१) हे पुरस्कार देऊन सन्मानित केले आहे.
  • राव म्हणतात, *_भारतात रिटायरमेंट नंतर कोणीही विचारत नाही. सहकारी सुद्धा विद्वतेचा नव्हे तर सत्तेचा सन्मान करतात._*
  • १०२ वर्षांच्या वयात उत्तम आरोग्य आणि नोबेल प्राप्त करणे, संभवत: पहिलेच उदाहरण आहे. ही एक अशी घटना आहे, जी आम्ही कायम लक्षात ठेवली पाहीजे.
  • *सेवानिवृत्त होणे म्हणजे अकर्मण्य बनणे असा होत नाही. जीवन हे शेवटच्या श्वासापर्यंत, पुर्ण उत्साहात जगण्याचे नाव आहे.*