Monthly Archives: February 2020

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Parliamentary panel pulls up MNRE for missing renewable energy targets over years

Data sourced from the ministry’s website shows 7,592 Mw of the targeted 11,852 Mw renewable energy capacity has been added in the current fiscal year as on December 2019 New Delhi: The Parliamentary Standing Committee on Energy has pulled up the Ministry of New and Renewable Energy (MNRE) for failing to meet the targets for capacity addition [...]

2020-02-14T00:58:37+00:00February 14th, 2020|News|Comments Off on Parliamentary panel pulls up MNRE for missing renewable energy targets over years

Raj needs more solar capacity, better ecosystem to cement its edge

Jaipur: In the past one year, Rajasthan has regained some of the lost ground to become the second-largest producer of solar power in the country, but to reclaim the top position, the state needs to have an investor-friendly tariff and policy regime. In its budget recommendations to the state government, Rajasthan Solar Association (RSA) drew attention to a number [...]

2020-02-14T00:51:12+00:00February 14th, 2020|News|Comments Off on Raj needs more solar capacity, better ecosystem to cement its edge

No customs duty on imported solar cells and modules, says ministry

There is already safeguard duty of 15 percent levied on the imported solar cells and modules The domestic solar manufacturing industry in a petition has now asked the Centre to consider extending the duty beyond two years The Ministry of New and Renewable Energy (MNRE) clarified that the basic customs duty (BCD) on imported solar cells and modules would [...]

2020-02-14T00:45:09+00:00February 14th, 2020|News|Comments Off on No customs duty on imported solar cells and modules, says ministry

NITI, NIAS, TIFAC experts discuss India’s fossil fuels, renewables, energy future

New Delhi: The panel of experts that came together for a discussion organised on the occasion of 33rd Foundation Day of the Technology Information Forecasting and Assessment Council (TIFAC) deliberated on the clean energy resource options that are available for the country and are expected to dominate the energy sector in future and strategies to migrate [...]

2020-02-14T00:10:29+00:00February 14th, 2020|News|Comments Off on NITI, NIAS, TIFAC experts discuss India’s fossil fuels, renewables, energy future

Here why energy sector embrace technological disruptions and use them as an opportunity

Competition from Solar-plus-battery-Storage power seems set to challenge the viability of coal/gas-based power, and in the long run, of discoms Technological disruptions are quite subtle. Before you realise their full implications, the market is already transformed. Such a technological disruption recently happened in the renewable energy sector. The Solar Energy Corporation of India (SECI) just [...]

2020-02-14T00:01:32+00:00February 14th, 2020|News|Comments Off on Here why energy sector embrace technological disruptions and use them as an opportunity

MNRE reduces effective custom duty back to zero after increment in Budget

The Ministry also asked solar manufacturers for recommendations for components to be added to new exemption list. The budget had split the tariffs into two categories- unassembled solar cells, or solar cells assembled into modules or panels; both of which would incur a duty of 20%. Earlier, materials falling under either of these categories were [...]

2020-02-13T23:49:44+00:00February 13th, 2020|News|Comments Off on MNRE reduces effective custom duty back to zero after increment in Budget

Opinion | We must brace for the economic fallout of coronavirus

Contingency plans need to be drawn up for a disruption in supplies from China across varied sectors On the deadliest day of the coronavirus outbreak, with more than 1,000 people dead so far, it sounds cruel to speculate on its long-term impact on Indian business. Yet it must be done, especially after the World Health [...]

2020-02-13T02:13:33+00:00February 13th, 2020|News|Comments Off on Opinion | We must brace for the economic fallout of coronavirus

Opinion | Green shoots are at risk of the big crisis in China

Signs of recovery from India’s economic slump are too raw to celebrate. Several business sectors are also vulnerable to disruption caused by China’s crisis. We must stay on guard As India seeks to recover its economic verve, Nirmala Sitharaman has sought to assure everyone that there is reason to be optimistic. The finance minister told [...]

2020-02-13T01:48:25+00:00February 13th, 2020|News|Comments Off on Opinion | Green shoots are at risk of the big crisis in China

Total to invest $510 mn in JV with Adani Green Energy

AGEL had entered into a binding arrangement with Total Gas & Power Business Services French oil major Total will make an investment of $510 million for a 50% stake in 2,148 MW solar capacity owned by Adani Green Energy (AGEL). AGEL had entered into a binding arrangement with Total Gas & Power Business Services for [...]

2020-02-13T01:27:59+00:00February 13th, 2020|News|Comments Off on Total to invest $510 mn in JV with Adani Green Energy

NLC India sees 17.7% income jump in Q3

Cuddalore: NLC India Limited, Neyveli, registered 17.7% growth in total income in the third quarter of 2019-20 ending December 31. The company registered an income of Rs 2,436.75 crore during the third quarter compared to Rs 2,070.29 crore in the corresponding period of the previous year. The profit after tax for the quarter stood at Rs 361.55 crore as against [...]

2020-02-13T01:20:35+00:00February 13th, 2020|News|Comments Off on NLC India sees 17.7% income jump in Q3