India & Saudi Arabia strengthen Bilateral Ties in New and Renewable Energy Sector
This visit of the Indian delegation to Saudi Arabia marks a significant strengthening of the Indo-Saudi partnership, with sustained engagements at various levels. It consolidates the strategic partnership between the two nations and paves the way for joint collaborations and investments in new and renewable energy sectors, contributing to global sustainability and energy transition goals.
MoP publishes Draft Notification on Renewable Energy Obligation
The Central government in consultation with the Bureau of Energy Efficiency has, through this draft notification, specified the minimum share of RE by any designated consumer having established coal/ lignite based generating station.
Union Minister for Power and New & Renewable Energy Discusses Vital Power Sector Issues with Regulators
The regulators assured Minister Singh that they would consider and implement his suggestions to create a conducive regulatory environment, promoting a financially viable and environmentally sustainable power sector. The meeting aimed to strengthen India’s commitment to providing reliable and affordable power to its citizens while addressing the challenges facing the sector.
MoP withdraws Guidelines regarding Discoms drawing Power after Expiry of PPA
Post PPA expiration, both parties are afforded the liberty to decide whether to enter into another agreement for the purchase or sale of power. Alternatively, the generator has the option to sell power through exchanges or enter into bilateral agreements with entities of their choosing. This approach ensures the establishment of a fair and competitive marketplace.
Global Biofuels Alliance (GBA) Announced at G20 Event
GBA members collectively represent major producers and consumers of biofuels, with the USA, Brazil, and India contributing approximately 85% of the global production share and 81% in consumption of ethanol. As the world focuses on sustainable energy solutions, the Global Biofuels Alliance is poised to play a pivotal role in shaping the future of the energy sector on a global scale.
Electricity (Third Amendment) Rules, 2023
The Ministry of Power (MoP) has introduced amendments to the Electricity Rules of 2005, in the form of the “Electricity (Third Amendment) Rules, 2023.” These amendments have come into effect from 1st September, 2023. They aim to provide clarity on the definition and status of captive users for generating plants.
GENCOs directed to Import Coal in Timely Manner
The Ministry of Power (MoP) has directed all GENCOs, including Independent Power Producers, to Import Coal in timely manner for blending purposes and maximizing production in captive coal mines. These directions were issued on 1st September, 2023.
Draft Electricity Distribution (Accounting aspects of Specified Items & Additional Disclosure) Rules, 2023
The Ministry of Power (MoP) has issued the draft Electricity Distribution (Accounting aspects of Specified Items & Additional Disclosure) Rules, 2023. These draft rules are designed to ensure uniformity and accountability among electricity companies in recognizing and managing critical financial elements.
Amendments in Bidding Documents for lnter-State Transmission Services
The Ministry noted that several private transmission developers had encountered challenges in meeting the technical requirements for bidding on HVDC systems via the TBCB route, specifically related to the qualifying criterion regarding the aggregate capital cost of projects and aggregate payments received (CAPEX) to be fulfilled by the bidding company or lead member of the Bidding Consortium.
Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power from Grid Connected Solar PV Power Projects
The key objective behind these guidelines is to reduce the overall power purchase costs for distribution licensees, which constitute the largest cost element. By introducing competitive bidding in the procurement process, the government aims to facilitate the development of power markets and subsequently lower electricity prices, leading to substantial benefits for consumers.
