The world’s fastest-growing open electricity market has to be a great place for energy investors, right? Not when it’s India. Prime Minister Narendra Modi’s ambition to electrify every village in the country has led to surging demand for grid power. Over the five years through 2018, India added output equivalent to 50 nuclear power stations, […]
India’s electricity use falls to lowest in 5 months due to lockdown
National electricity demand fell to 2.78 billion units on March 25, the first day of the three-week total shutdown called by Prime Minister Narendra Modi late on Tuesday CHENNAI/LUCKNOW: India’s electricity use fell to the lowest in nearly five months on the first day of a nationwide lockdown to prevent the spread of the coronavirus, […]
Cabinet approves Production Linked Incentive Scheme for Large Scale Electronics Manufacturing
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the Production Incentive Scheme (PLI) for Large Scale Electronics Manufacturing. The scheme proposes production linked incentive to boost domestic manufacturing and attract large investments in mobile phone manufacturing and specified electronic components including Assembly, Testing, Marking and Packaging (ATMP) units. The Scheme […]
Cabinet approves Modified Electronics Manufacturing Clusters (EMC 2.0) Scheme
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved financial assistance to the Modified Electronics Manufacturing Clusters (EMC2.0) Scheme for development of world class infrastructure along with common facilities and amenities through Electronics Manufacturing Clusters (EMCs). It is expected that these EMCs would aid the growth of the ESDM sector, help […]
Cabinet approves Scheme for Promotion of manufacturing of Electronic Components and Semiconductors
The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved to offer financial incentive of 25% of capital expenditure for the manufacturing of goods that constitute the supply chain of an electronic product under the Scheme for Promotion of manufacturing of Electronic Components and Semiconductors (SPECS). The scheme will help offset the disability for […]
India to have 450 GW renewable energy by 2030: President
The country is already working on the target of having 175 GW of renewable energy by 2022 which includes 100 GW of solar and 60 GW of wind energy. India has embarked on an ambitious target of having 450 GW of renewable energy by 2030 and also provide 17 lakh solar pumps to farmers under […]
Cabinet approves MoU between railways and UK’s DFID
PM Narendra Modi, gave the post-facto approval for inking of MoU between the Indian Railways and the Department for International Development under the UK government on Wednesday. The duo agreed for energy planning for the national transporter in the fields of solar and wind energy, fuel efficient, and electric vehicle charging infrastructure. New Delhi: The […]
Saubhagya power scheme brings electricity to 20k households in J&K district
“We are very happy after receiving the electricity connection. It is a great help for the children especially. It is difficult to work without the electricity and the availability of it plays an important role,” Sarfraz Ahmed Jamola Rajouri (Jammu and Kashmir): Thousands of houses in far-flung areas of Rajouri district in Jammu and Kashmir […]
Andhra Pradesh contests HC order prohibiting revision of PPAs
NEW DELHI : The Andhra Pradesh government has challenged an order passed by a single-judge bench of the state high court restraining the government from renegotiating or revising power purchase agreements (PPA) signed with renewable energy companies, saying the court order is “bad in law and contrary to the facts on record”. In an appeal […]
Why India may not achieve its 2022 clean energy target
Payment delays and Andhra’s decision to renegotiate tariffs threaten to derail India’s clean energy plans. India has come a long way in renewable energy in the past decade. The country’s installed capacity has risen sixfold to nearly 83 gigawatts (1 GW = 1,000 MW). And in the past 5 years, solar power, which is set […]