ADB, India Ink $451 Million Loan to Strengthen TN Power Connectivity
Govt of India and Asian Development Bank (ADB) have signed a $451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC), which is part of the East Coast Economic Corridor (ECEC), in Tamil Nadu on Thursday. ADB is the lead partner for developing ECEC.
Now Power Up Aadhar!
The recent verdict of the Supreme Court regarding the Aadhar Act is indeed historical. Although, database privacy is a matter of concern and with India's top most court respecting it, from now on the private entities have been barred from using Aadhar for KYC authentication purpose.
Trina Solar impacted by safeguard duty
The Indian Government’s decision of imposing safeguard duty on solar panels and modules imported from China and Malaysia has left its impact on Trina Solar, a Chinese solar module maker.
India's Power League
India is the world's third largest producer and fourth largest consumer of electricity. With such a large size and being a capital intensive business, it has got its own importance.
"India needs at least USD 125 billion to fund the 175 GW target"
Manoj Gupta, Vice President-Solar Business, Fortum India opines most of the financing received for the renewable energy development comes from the domestic banks. However, with the current level of fund generation, it is difficult to sustain solar energy goals.
"India must develop a recycling policy"
A former finance secretary and now as a Member Secretary, Economic Advisory Council to the Prime Minister and Principal Advisor-Niti Aayog, Ratan Watal believes that the handling of battery waste is a challenge and India must regulate the recycling market in the country to reap its benefit.
"We have made our India business broad-based than earlier"
Even as the role of renewables progressively increases India overall energy mix, the policymakers must not lose sight of the very significant role that coal plays in the country economy, avers Andrew DeLeone, Managing Director, GE Power India. He recommends that the country must leverage its cost competitiveness to set-up low emission thermal power plants overseas by offering attractive financing options.
"Solar and wind will become the new baseload of India"
Antti Kami, Vice President, Engine Power Plants, WSrtsilS states that instead of curtailing solar and investing in new coal plants, the focus needs to be shifted on the efficiency of old coal plant and renewables.