by Sawon Banerjee | May 7, 2021 | News
Kalpataru Power Transmission Ltd (KPTL) said it has won orders worth ₹1,554 crore. The orders include those from India, CIS and Latin America in the power transmission business.
Besides, KPTL’s international subsidiary has secured new power transmission projects in Europe.
“These new order wins help us to strengthen our power transmission order book in India and overseas market. Our current year order inflow has reached around ₹8,000 crore.” KPTL Managing Director and CEO Manish Mohnot said.
The company is currently executing several contracts in India, Africa, the Middle East, CIS, SAARC nations and Far East.
by Sawon Banerjee | May 7, 2021 | News
Union Minister of MSMEs – Nitin Gadkari said, solar rooftop having a capacity of 16 gigawatt can be created from micro, small and medium enterprises (MSMEs) by the end of 2022.
India has set a target of 175 GW of installed capacity by the end of 2022, out of which 40 GW is expected to come from solar rooftop projects.
“Of the 40 GW, four gigawatts to come from domestic solar rooftop, whereas 16 gigawatts potential can be harnessed from MSMEs,” Gadkari said. “MSME is the most critical sector for advancing the country’s growth,” he added.
The share of installed rooftop solar projects has reached 6.4 GW. The overall installed capacity of renewable energy was 92.5 GW as of January 2021, according to the Central Electricity Authority (CEA).
by Sawon Banerjee | May 7, 2021 | News
Rooftop solar firm MYSUN plans to invest ₹600 crore in the next three years to develop a 200 MW solar portfolio of the first phase of its recently launched asset vehicle. This new venture will provide bespoke solar energy solutions to large corporate, industrial, and commercial establishments on a built, own, operate, and transfer (BOOT) or Renewable Energy Service Company (RESCO) model, Gagan Vermani, CEO and Founder, MYSUN said.
“The new asset vehicle will provide on-site and off-site solar energy solutions to industrial and commercial clients under the RESCO model,” he added.
MYSUN+ has already gained traction with some of the large and renowned Indian as well as multinational companies becoming clients and has signed up and executed/executing projects in Rajasthan, Madhya Pradesh, Andhra Pradesh and Puducherry, Vermani further added.
With this new venture, MYSUN becomes a complete 360-degree solar company meeting vastly different financing needs of its diversified client base of the large, medium and small industry as well as homes, all under one roof.
by Sawon Banerjee | May 7, 2021 | News
One of India’s biggest renewable power producers, Gurugram based company ReNew Power Pvt. will be investing $9 billion in wind and solar projects through 2025 to reduce emissions; an effort backed by government.
The company, sponsored by investors such as Goldman Sachs Group Inc. and Canada Pension Plan Investment Board, aims to more than triple its renewable power capacity to 18.5 gigawatts by 2025, Chairman Sumant Sinha said in an interview. India being the world’s third-biggest emitter of greenhouse gases, aims to reduce its dependence on coal and widen renewable power capacity almost five-fold to 450 gigawatts by 2030.
by Sawon Banerjee | May 7, 2021 | News
As per official notification, the Environment Ministry amended rules by allowing thermal power plants within 10 km of the National Capital Region (NCR) and in cities with more than 10 lakh population to comply with new emission standards by 2022 end. Also, the TPP units in “non-attainment cities” and those within 10 km of critically polluted areas are required to meet the emission standards by 31st December, 2023. The CPCB (Central Pollution Control Board) has identified 124 ‘non-attainment cities’; cities those who have repeatedly failed to meet the National Ambient Air Quality Standards. Power plants fired by coal in the rest of the areas have to comply with the new standards by 31st December, 2024.
Earlier this year, the Environment Ministry was requested by the Ministry of Power so as to extend deadline for meeting emission standards for all thermal plants from 2022 to 2024, citing delay due to multiple reasons, including the corona virus pandemic and import restrictions.
