Minister highlights Ultra Mega Solar projects. This would be achieved by installing 40,000-MW rooftop solar panels and 60,000-MW ground-based panels/plants, said Piyush Goyal, Minister of State New and Renewable Energy in a written reply to a question in the Lok Sabha on 10 August
Opportunities seen in nuke supply chain. Several foreign companies from various countries have shown interest in participating in the country’s nuclear power projects in various capacities such as technology partners, suppliers, contractors.
India-Spain to establish Working Committee. The Union Cabinet chaired by the Prime Minister Narendra Modi has been apprised of the Memorandum of Understanding (MoU) between India and Spain on cooperation in renewable energy.
Study says 2017 installation was 17-GW short. India will need to significantly ramp up the pace of solar capacity additions by 10 GW this year and 15+ GW per year to meet the 2022 target, says an industry body.
Banks urged to lend for solar installations The International Solar Alliance (ISA) is proposing to set up a US$300 billion fund for the global solar energy, said ISA Director General Upendra Tripathy.
Roof-top solar to get another US$625m. The World Bank is providing US$100 million for development of internal infrastructure of solar parks planned by Indian Renewable Energy Development Agency Ltd (IREDA) of Ministry of New & Renewable Energy.
DMIC receives Rs.499.86 crore funding. Commerce and Industry Minister Nirmala Sitharaman has given an update on the industrial corridors being built in the country, with funding status to date.
Nuclear pact comes into force. The India-Japan Agreement for Cooperation in the Peaceful Uses of Nuclear Energy entered into force on July 20, 2017 with the exchange of diplomatic notes between Dr. S. Jaishankar, Foreign Secretary and H.E. Mr. Kenji Hiramatsu, Ambassador of Japan to
Inefficient operators to face competition. PTC India Ltd, a trading and wind power company, has signed 1,050 megawatt power purchase agreements with wind-power producers.
Discussion on project viability commences. The Government has accorded ‘in principle’ approval of five coastal sites and designated them for locating Light Water Reactors (LWRs) in cooperation with the Russian Federation, France and the USA.