Consolidation will be next big thing in renew
We have formed a special purpose vehicle-JSW Solar-for pursuing our interest in renewable energy opportunities. We have approved the capital expenditure (capex) budget for setting up additional 10-MW solar power projects implying total solar power projects of 17 MW under implementation.
Sprinting on a Growth Track
The World Bank recently has put out a report in which the demand for electricity in India is growing at the same rate as in France or Germany as millions of people in rural or impoverished areas seek access to power in their homes and workplaces.
The domestic power sector has notched remarkable advances over the last few years across the entire value chain. With the highest coal production growth in over two decades adding to fuel supply scalability, augmentation of generation capacities, increase in transmission lines and record consumption levels with the distribution of 2.3 crore LED bulbs, India has emerged as the fifth largest producer and consumer of electricity with a capacity of 302 GW.
FDI Initiatives And their Attractiveness
The future of India´s renewable energy story, as highlighted by the current government, is ´moving from megawatt to gigawatt´. The Ministry of New and Renewable Energy (MNRE) has pronounced a target of 175 GW of renewable energy generation capacity by 2022 (as on 30 April 2016, the figure stands at 43 GW).
State power discoms outstanding dues rise 16 per cent
Outstanding dues of state utilities payable to central generating power stations have increased 16 per cent in the last one year, touching Rs.22,200 crore. This is despite about 18 states agreeing to join Ujwal Discom Assurance Yojana (UDAY) and eight states issuing bonds of about Rs.1 lakh crore recently.
1.10 lakh smart meters sanctioned under IPDS till March 16
About 1.10 lakhs smart meters have been sanctioned under Integrated Power Development Scheme (IPDS) till March 2016, as stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal And New and Renewable Energy in a written reply to a question in the Rajya Sabha.
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