The change in stance follows a strong opposition by automakers of the proposed government plan to ban two-wheelers (below 150cc) and three-wheelers by 2023 and 2025, respectively The government seems to have softened its stance on the time frame for transition to electric vehicles (EVs). The Ministry of Heavy Industries, the Ministry of Road Transport […]
Uttar Pradesh to invest Rs 20,000 cr in improving power transmission infra
State peak hour power demand estimated to jump 35% to 30,000 mw by 2024 The Uttar Pradesh government plans to invest Rs 20,000 crore in five years for improving power transmission, seeking to provide uninterrupted electricity to industries as it aims to become a $1-trillion economy. It’s estimated that the peak hour energy demand in […]
India’s renewable energy cost is lowest in Asia Pacific: WoodMac report
India’s levelised cost of electricity using solar photovoltaic has fallen to $38 per megawatt hour this year, 14% cheaper than coal-fired power India’s renewable energy cost is the lowest in the Asia Pacific, consultancy Wood Mackenzie said on Monday. India’s levelised cost of electricity (LCOE) using solar photovoltaic has fallen to $38 per megawatt hour […]
Aditya Birla to complete 75 Mw solar plants in Odisha by June 2020
Firm to set up three units of 25 Mw each, has identified Boudh district for first plant; may develop another 100 Mw if it gets additional land Aditya Birla Renewables Ltd, part of the diversified business conglomerate Aditya Birla Group, which had won a bid for developing 75 Mw solar power plant in Odisha, is […]
Short-term power market gains as long-term PPAs recede, shows data
The share of short-term power market moved up from 6.1 per cent in FY09 to 11.7 per cent in FY19, shows data released by the Central Electricity Regulatory Commission The short-term power market in the country has surged ahead over the past decade with the gradual drying up of long-term power purchase agreements (PPAs) inked […]
Budget likely to charge up electric vehicle push with tax incentives
The govt is also examining extension of tax holiday for units operating or planning to set up operations in special economic zones With promotion of clean energy high on government agenda, the upcoming Budget is likely to incentivise manufacturing of electric vehicles (EVs) in the country. This is also expected to drive foreign direct investment […]
Rising tariff clashes, WTO reforms on PM Modi’s agenda for G20 Summit
India to keep the ball rolling on talks regarding fugitive economic offenders Global economic instability due to rising tariff clashes, threats from climate change, and rising terrorism will be high on Prime Minister Narendra Modi’s agenda as he reaches Japan’s Osaka for the 14th G20 meeting on Friday. India also plans to push talks on […]
Automakers run into collision with Centre’s electric vehicle plan
Companies such as Bajaj Auto and TVS Motor have objected to banning two- and three-wheelers and asked for at least four months to come up with a comprehensive plan Two- and three-wheeler manufacturers are stoutly resisting the government’s e-mobility plan. The government wants to ban internal combustion engine (ICE)-powered three- and two-wheelers (with an engine […]
Govt refuses to budge on electric vehicle deadline for 2- and 3-wheelers
The start-ups said unless India had size and scale in EVs, it would miss the worldwide e-mobility revolution The government has refused to relent on the deadlines it has given two- and three-wheelers for running on batteries. The deadline for three-wheelers is 2023, and that for two-wheelers having up to a 150-cc engine is 2025. […]
Project awards to induce 11-12 Gw renewable energy addition in FY20
The support for schemes like KUSUM, roof-top and off-grid solar applications is expected to continue under the new government The award of key projects by central nodal agencies and state distribution utilities in the calendar years (CY) 2017 and 2018 would spell 11-12 Gw (gigawatt) in fresh capacity additions for renewable energy (RE) sector in […]