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Energy Efficiency
Maharashtra Deputy Chief Minister Devendra Fadnavis on Monday said that by 2030, Maharashtra will become the first state in the country to produce 50 per cent of its energy requirements from non-traditional power sources. Fadnavis, who is also the state's energy minister, was speaking at the foundation stone laying ceremony of Avaada Electro Pvt Ltd's integrated solar ingot - wafer, cell, module and electrolyzer manufacturing facility in Nagpur MIDC (Maharashtra Industrial Development Corporation). A lot of changes are taking place in Maharashtra in the field of solar energy sector, he said. In just two-and-a-half years, the Maharashtra government has approved 20,000 megawatt of solar projects in the state, the former chief minister said. In all these years since independence, the state has the capacity for 40,000 MW of solar energy, he noted. However, now in just one year, the capacity of solar pump storage project is 55,000 MW. Similarly, the capacity of wind and solar projects
The government will soon invite bids for 10 gigawatt of battery energy storage projects, an official said on Friday. The move will strengthen India's position in the energy storage segment, which is in a developing stage. Vijay Mittal, Joint Secretary, Ministry of Heavy Industries, said, "The ministry will soon come out with a 10 gigawatt RFP (request for proposal) for those who are working on the energy storage part of it for grid-scale energy storage systems...so that we have...indigenous capability for manufacturing of battery energy storage system compatible with advanced chemistry cells." The official was addressing the 'Summit on Lithium-Ion Batteries', organised by industry body India Energy Storage Alliance (IESA), virtually. The ministry is leading the mission of indigenous manufacturing of chemistry cells in the country as part of electric vehicle (EV) initiative. The goal is to achieve net zero by 2070 and reduce the need for imports of internal combustion engine (ICE) .
Lignite-to-power producer NLC India Ltd (NLCIL) will invest around Rs 50,000 crore to ramp up its renewable energy capacity from 1.43 GW to 10.11 GW. NLC India Green Energy Limited (NIGEL), a wholly-owned subsidiary of NLCIL, is established with special focus on renewable energy generation, an official statement said on Friday. "NLCIL aims to achieve a renewable energy (RE) portfolio mix of 50 per cent of its total planned capacity, increasing its RE capacity from 1.43 GW to 10.11 GW. "The above plan entails an investment of Rs 50,000 crore (approx) in renewable portfolio, which will support India's RE target and contribute to the broader aim of achieving 'net zero' emissions by 2070," the statement said. India is committed to a low-carbon emission path while pursuing its development goals, as pledged at COP 26. NIGEL aims to expand its portfolio by participating in competitive bidding and exploring emerging opportunities in the green energy sector. Currently, 2 GW of renewable en
Shakti Pumps on Monday said it has posted a manifold jump in its consolidated profit after tax to Rs 92.6 crore during the June 2024 quarter, on the back of higher revenues and healthy order book. It had clocked a Profit After Tax (PAT) of Rs 1 crore in the April-June quarter of the preceding fiscal, the company said in a statement. During the first quarter, the company's revenue from operations rose four-fold to Rs 567.6 crore from Rs 113.1 crore in the year-ago quarter. As of June 2024, the company had an order book of around Rs 2,000 crore, the statement said. "We reported an outstanding start to FY25, with the first quarter demonstrating robust revenue growth and enhanced profitability. Our performance is attributable to the accelerated execution of the existing orders in both domestic and export markets," Shakti Pumps (India) Ltd Chairman Dinesh Patidar said. The improvement in margins was achieved due to a decline in raw material prices, coupled with economies of scale resul
State-owned Energy Efficiency Services Ltd (EESL) will soon introduce retail franchisee shops called 'Urja Dakshta Dukan' which will offer affordable energy-efficient products like LED lights, ACs and fans to consumers, a senior official said. EESL, at present, distributes products through retail tie-ups with power distribution utilities to consumers. Buyers can also purchase the products online from its web portal EESLMART.in. The first batch of franchisee outlets is expected to open in Jharkhand, Maharashtra and Telangana, the official said. The invitation for pan India franchise tie-ups will be available on the EESL website from August. The official informed that the EESL's exclusive retail outlets will showcase energy-efficient product lines for mass adoption via a franchise model at the pan-India level. These retail shops will create maximum visibility amongst targeted consumers for adopting energy-efficient product lines. The EESL retail shop franchisee model aims to create
State-owned Energy Efficiency Services Ltd (EESL) on Wednesday said it has partnered with Andhra Pradesh Eastern Power Distribution Company Ltd (APEPDCL) to promote the adoption of energy efficiency and enable energy conservation within the power distribution sector. Under the 'Energy Efficient Appliance Programme', the partnership will provide a comprehensive energy efficiency solution to both residential and institutional consumers of APEPDCL. The discom portal will raise consumer awareness about the energy efficiency solutions programme through web portal, text messages, and WhatsApp. "EESL has signed an agreement with APEPDCL to promote the adoption of energy efficiency and enable energy conservation within the power distribution sector. The agreement aims to provide access to energy-efficient solutions, extending the benefits of savings of electricity bills for consumers at a large scale," EESL said in a statement. "This partnership is poised to deliver substantial benefits to
The Union Cabinet on Wednesday gave ex post facto approval to an initial pact between India and Bhutan on cooperation in the field of energy efficiency and conservation measures. The MoU was signed between the Bureau of Energy Efficiency, Ministry of Power, Government of India, and the Department of Energy, Ministry of Energy and Natural Resources, Government of Bhutan, an official statement said. According to the statement, the Union Cabinet chaired by Prime Minister Narendra Modi approved the signing of the Memorandum of Understanding (MoU) between India and Bhutan on extending cooperation in the field of Energy Efficiency and Energy Conservation Measures. As part of the MoU, India aims to assist Bhutan to enhance energy efficiency in the household sector by promoting star labelling programme developed by the Bureau of Energy Efficiency (BEE), the statement said. India aims to support Bhutan in its endeavour to develop and implement the standards and labelling scheme, it ...
The programmes and initiatives of the Bureau of Energy Efficiency have helped the country to cut 3.5 per cent of energy consumption annually and reduce yearly carbon emissions by 306 million tonnes (MT), Union Minister RK Singh said on Friday. The minister made the remarks at the 22nd Foundation Day of the Bureau of Energy Efficiency (BEE), a statement issued by the Power Ministry said. "BEE helped India to reduce its energy consumption by around 3.5 per cent, and to reduce its carbon emissions by 306 million tonnes per annum," the Minister for Power and New & Renewable Energy said. Some of the BEE's programmes and initiatives are Buildings Energy Efficiency, Star Label for consumer goods, and Energy Efficiency in Small & Medium Industry etc. These initiatives aim to improve energy efficiency and reduce higher consumption of power. "Road transport accounts for 12 per cent of country-related carbon dioxide emissions and constitutes 92 per cent of all transport-related energy ...
State-owned Energy Efficiency Services Ltd (EESL) on Thursday said it has inked five initial pacts with partners to boost energy efficiency and renewables in the country, aligning with G20 and COP28 commitments. These initiatives are poised to double energy efficiency and triple renewable energy, in line with the ambitious targets set at COP28 and G20, an Energy Efficiency Services Ltd (EESL) statement said. According to the statement, EESL, a joint venture of public sector undertakings under the administration of the Ministry of Power, has signed memorandum of understanding (MoUs) with strategic partner organisations. EESL Chief Executive Officer Vishal Kapoor said, "The commitment we are making through these MoUs is crucial for not only support in meeting our Nationally Determined Contributions but also for contributing to the global effort in achieving the goals set at COP28". Collaborations like these are crucial imperatives for us to actively contribute to the goal of doubling
India's energy sector has undergone a remarkable transformation, aimed at providing reliable, affordable and sustainable energy to its people, Union Minister RK Singh said on Sunday.The Union Minister for Power and New and Renewable Energy was speaking after India and Saudi Arabia signed a Memorandum of Understanding in Riyadh in the fields of electrical interconnections, green hydrogen and supply chains.As per the Ministry of Power, the MoU was signed between Union Minister for Power and New & Renewable Energy, RK Singh and the Minister of Energy, Government of Saudi Arabia, Abdulaziz bin Salman Al-Saud on the sidelines of the Middle East and North Africa (MENA) Climate Week in Riyadh on Sunday.This MoU aims to establish a general framework for cooperation between the two countries in the field of electrical interconnection; exchange of electricity during peak times and emergencies; co-development of projects; co-production of green/clean hydrogen and renewable energy; and also
President Droupadi Murmu on Thursday said energy efficiency and renewable energy are the key pillars for achieving India's goal of net-zero emissions. Addressing officers of the Central Power Engineering Service (2018, 2020 and 2021 batches) and probationers of the Indian Trade Service (2022 batch), who had called on the president at the Rashtrapati Bhavan here, Murmu said the power sector is one of the prime movers for India's development. "One of the indicators of the socio-economic progress of a country is energy demand and consumption. Therefore, as India moves ahead to become the third largest economy of the world, demand and consumption of power will certainly increase, which will further drive the country's development," she said. The president asserted that energy efficiency and renewable energy are the key pillars for achieving India's goal of net-zero emissions. According to the International Energy Agency (IEA), energy efficiency is called the "first fuel" in clean energ
The Arunachal Pradesh government on Wednesday signed a memorandum of understanding (MoU) with the Norwegian Geotechnical Institute (NGI) to explore feasibility of harnessing geothermal potentials that the state's numerous hot springs offer. The MoU was signed by state science and technology secretary Repo Ronya and Dr Rajinder Bhasin, technical expert from NGI, in presence of Chief Minister Pema Khandu, Science and Technology Minister Honchun Ngandam, chief secretary Dharmendra and senior advisor of Norwegian embassy in New Delhi, Dr Vivek Kumar. Congratulating the NGI and the department of science and technology, Khandu termed the signing of the MoU as a right step towards green and clean energy production especially in the light of global warming concerns. "It is a great coincidence that this MoU is being signed on World Tourism Day as its theme this year is Tourism & Green Investment' that perfectly goes in tandem with this new initiative," the chief minister said. He expressed
The Centre and Bureau of Energy Efficiency (BEE) have directed state governments to expedite energy efficiency activities on a mission mode, Andhra Pradesh State Energy Conservation Mission Chief Executive, A Chandrasekhara Reddy said on Sunday. He said the energy efficiency movement is aimed at securing the interests of future generations and the economy at large. In accordance with the Government of India's policy to increase energy efficiency and substantially reduce greenhouse gas emissions by achieving the country's climate change targets (Panchamrit), the Union Ministry of Power-led BEE has emphasized the need for all state designated agencies to engage deeply in the energy efficiency movement on a mission mode, said Reddy in an official press note. Abhay Bakre, Director General of BEE directed state energy saving bodies to strive to achieve the national energy savings target of 150 million tonnes of oil equivalent of energy, which equates to 750 billion units of ...