Latest news with #ViabilityGapFunding
Time of India
2 days ago
- Business
- Time of India
WtE plant to process refuse derived fuel, produce power
Lucknow: A waste-to-energy (WtE) plant will be set up at Shivri by the Lucknow Municipal Corporation soon. The plant will process refuse derived fuel (RDF) made from non-recyclable plastics, paper, cardboard and other combustible inorganic materials collected from the city and nearby municipalities and nagar panchayats. By processing RDF locally, the project is expected to cut down significantly high logistic cost of transporting waste to cement factories about 500 km away. The plant is part of city's plan to set up a 15 MW RDF-to-electricity unit aimed at managing waste and generating power from it. It will use 1,000–1,200 metric tonnes of RDF produced daily in Lucknow, which is transported to other locations. The project, estimated to cost Rs 450 crore, will be developed under a public-private partnership (PPP) model using the Design, Build, Finance, Operate and Transfer (DBFOT) structure. Funding will be divided among the private partner (50%), the state or urban local body (25%), and the central govt (25%), with Viability Gap Funding (VGF) proposed. Additional municipal commissioner Arvind Rao said the plant will handle waste and produce electricity. Mayor Sushma Kharakwal said the project aligned with goals related to waste and energy in urban and rural regions. "The plant is expected to be completed in over two years on 20–25 acres of land and will need 3 million litres water per day. It will create jobs, produce revenue through power sales and support carbon credit activities," she said. The facility will run on RDF with systems like stoker grate or fluidized bed boilers, high-pressure boilers, and turbines. Electricity produced will be sold to state's power utility under power purchase agreement. The plant has bag filters, scrubbers, and monitoring equipment for emission control to meet norms of Central and UP Pollution Control Boards. Residual ash may be reused in construction and cement-related work.
Time of India
2 days ago
- Business
- Time of India
Rajasthan: RERC approves tariff for 1000 MWh battery energy storage system project
The Rajasthan Electricity Regulatory Commission ( RERC ) has approved the tariff for a 1000 megawatt-hour (MWh) standalone Battery Energy Storage System (BESS) project. The RERC approved the tariff rates submitted by bidding energy companies, paving the way for the rapid development of energy storage infrastructure in the state. The project will be implemented by Rajasthan Rajya Vidyut Utpadan Nigam Limited ( RRVUNL ) under the Build-Own-Operate (BOO) model with Viability Gap Funding (VGF) support from the Government of India. Minister of State for Energy (Independent Charge), Hiralal Nagar , informed that leading companies participated in the competitive bidding process. The approved tariff ranged from Rs. 2.21 lakh to Rs. 2.24 lakh per MWh per month, the lowest rate in the country so far. The RERC has endorsed the tender process conducted by RRVUNL as fair, transparent, and in accordance with market standards. The process also aligns with the Central government's guidelines on battery storage systems, aimed at ensuring grid stability and effective integration of renewable energy. Hiralal Nagar emphasised that Rajasthan is moving decisively toward becoming a green energy hub. The approved BESS project will allow energy generated from solar and wind sources to be stored and utilised as per demand, significantly enhancing energy efficiency. The Central government is providing VGF assistance of Rs 27 lakh per MWh for these projects. BESS installations are planned at select strategic sites, including grid substations in Jaipur and Kota , and power stations in Suratgarh and Giral , chosen for their technical and operational suitability. The implementation of BESS will help reduce the dependency on expensive peak-hour power purchases by distribution companies (DISCOMs), potentially saving up to Rs 1 crore per day. Chairman and Managing Director of RRVUNL, Devendra Shringi, said that the Union Ministry of Power has recently allocated an additional 4,000 MWh BESS capacity to Rajasthan. Under this new allocation, VGF of Rs 18 lakh per MWh will be provided from the Power System Development Fund . He further stated that Rajasthan is fast emerging as a national leader in battery energy storage. The state government has set a target of developing 18.5 GWh of battery storage capacity by 2028-29. In addition to the 1,000 MWh BESS project by RRVUNL, separate tenders have been floated by NTPC Vidyut Vyapar Nigam for another 1,000 MWh project. This aligns with the state's budget announcement to establish 2,000 MWh of battery energy storage capacity, which is expected to attract investments of around Rs. 2,000 crore.
Time of India
3 days ago
- Business
- Time of India
16 power substations to get battery energy storage system
Patna: Power cuts in at least 16 cities of Bihar will be a thing of past soon. The state electricity department has planned to supply power through a battery energy storage system that will maintain supply for four hours like a home inverter from 16 substations in case of any fault. The Union ministry of new and renewable energy has approved a battery energy storage system project of 500MWh capacity in Bihar. This project will be operated under 'Viability Gap Funding' (VGF) scheme under the state plan. The Centre has approved a total VGF amount of Rs 135 crore for this project at a rate of Rs 27 lakh per MWh or 30% of the total cost capital, whichever is less. State energy minister Bijendra Prasad Yadav termed it a "historic step" towards creating a flexible, sustainable and consumer-friendly power infrastructure. "Bihar is steadily progressing towards energy self-reliance under the leadership of CM Nitish Kumar. This project will be a milestone in our pursuit of technological innovation and environmental stewardship," he said. These battery systems of 125MW capacity will be installed in the grid substations of 16 cities to supply about 500MW of electricity for four hours, in case of power supply disruption from the plant or grid. The project will be completed by Bihar State Power Generation Company Limited. Batteries of 5 to 20MW capacity will be installed at each grid substation in Muzaffarpur, Motihari, Bettiah, Bhagalpur, Sitamarhi, Fatuha, Mushahari, Udakishunganj, Jamui, Asthawan (Nalanda), Jehanabad, Rafiganj, Sheohar, Siwan, Kishanganj and Banka. So far, tenders have been finalised for six grid substations. The process is going on for the remaining places. It is believed that this project will not only ensure uninterrupted quality power supply, but will also help in balancing the difference in demand and supply during peak hours. Maharashtra-based energy solutions firm Prostram has received a Letter of Intent from Bihar State Power Transmission Company Limited. Patna: Power cuts in at least 16 cities of Bihar will be a thing of past soon. The state electricity department has planned to supply power through a battery energy storage system that will maintain supply for four hours like a home inverter from 16 substations in case of any fault. The Union ministry of new and renewable energy has approved a battery energy storage system project of 500MWh capacity in Bihar. This project will be operated under 'Viability Gap Funding' (VGF) scheme under the state plan. The Centre has approved a total VGF amount of Rs 135 crore for this project at a rate of Rs 27 lakh per MWh or 30% of the total cost capital, whichever is less. State energy minister Bijendra Prasad Yadav termed it a "historic step" towards creating a flexible, sustainable and consumer-friendly power infrastructure. "Bihar is steadily progressing towards energy self-reliance under the leadership of CM Nitish Kumar. This project will be a milestone in our pursuit of technological innovation and environmental stewardship," he said. These battery systems of 125MW capacity will be installed in the grid substations of 16 cities to supply about 500MW of electricity for four hours, in case of power supply disruption from the plant or grid. The project will be completed by Bihar State Power Generation Company Limited. Batteries of 5 to 20MW capacity will be installed at each grid substation in Muzaffarpur, Motihari, Bettiah, Bhagalpur, Sitamarhi, Fatuha, Mushahari, Udakishunganj, Jamui, Asthawan (Nalanda), Jehanabad, Rafiganj, Sheohar, Siwan, Kishanganj and Banka. So far, tenders have been finalised for six grid substations. The process is going on for the remaining places. It is believed that this project will not only ensure uninterrupted quality power supply, but will also help in balancing the difference in demand and supply during peak hours. Maharashtra-based energy solutions firm Prostram has received a Letter of Intent from Bihar State Power Transmission Company Limited.
Indian Express
4 days ago
- Business
- Indian Express
Maharashtra: Feasibility study on water taxi routes in MMR presented; estimated capital cost Rs 2,500 crore
A techno-economic feasibility study for water taxis in the Mumbai Metropolitan Region (MMR) was presented to the state government on Monday with a plan of operating 10 routes totalling 252 kilometers with an estimated capital cost of Rs 2,500 crore. During the meeting, a discussion was also held on starting additional water taxi routes on Mumbai's Western seafront. Among the 10 routes proposed in the report include, Narangi – Kharwadeswari near Virar (1 km length), Vasai – Mira Bhayandar– Fountain Junction –Gaimukh– Nagale (16 km), Kalher–Kolshet– Mulund–Aeroli– Vashi– DCT – Gateway (50 km ), Gaimukh-Kolshet– Kalher– Mumbra– Kalyan (31 km), New airport-Belapur-Vashi (14 km), Vasai– Marve– Nariman Point (61 km), Borivali– Gorai– Essel world- Marve- Manori (6 km), Rewas- Karanja- Gateway (19 km), Belapur-Gateway-Mandwa (38 km) and Gateway-Elephanta-Nhava (17 km). The report was drafted by the Kochi Water Metro and presented to state Ports Minister Nitesh Rane. According to an official present at the meeting, the government has decided to increase the number of routes before going ahead with the Detailed Project Report (DPR). 'The study does not include key Mumbai routes such as Worli, Juhu and Varsova. It will be added and the DPR of this project will be prepared,' the officer said. Out of these routes, five are projected to be financially viable after 2029 and two would require Viability Gap Funding (VGF) by the government to turn viable. While Rs 2,500 crore was estimated as the capital cost, for the upgrade of existing water transport terminals, the estimated cost is Rs 5 crore per terminal. As per the report, by 2031, the realistic number of trips on these routes will 2.44 lakh while in 2041, it will be 3.42 lakh. Among the civil infrastructure requirements, the study report has listed terminals or jetties with passenger amenities, floating pontoons and gangways, boatyards for vessel maintenance and repairs, night parking and fueling jetties, development of access roads and parking facilities and non-motorised transport (NMT).
India Gazette
6 days ago
- Business
- India Gazette
"India has achieved 51.5 GW wind capacity, 150% growth in a decade": Union Minister Pralhad Joshi
Bengaluru (Karnataka) [India], June 15 (ANI): Union Consumer Affairs and Renewable Energy Minister Pralhad Joshi on Sunday said that India has achieved 51.5 GW wind energy capacity, 150 per cent growth in a decade and is now exporting turbines and components globally. He said this progress reflects the 'visionary leadership' of Prime Minister Narendra Modi, who has made 'clean energy a core pillar of #AatmanirbharBharat.' 'India has achieved 51.5 GW wind capacity, 150% growth in a decade and is now exporting turbines and components globally. We are moving steadily towards the 100 GW wind target by 2030, including 30 GW from offshore projects, backed by strong policy reforms and a robust manufacturing ecosystem,' Joshi said in a post on X, on the occasion of Global Wind Day today. In another post on X, he said, 'On this Global Wind Day, let's celebrate the power of wind driving India's clean energy growth. With 51.5 GW capacity and rising, we are moving towards an #AatmanirbharBharat powered by innovation, green technology and sustainable progress. #GlobalWindDay.' He said that India is the fourth-largest wind power capacity in the world, while it is the third-largest renewable energy producer. Addressing the Global Wind Day celebrations in Bengaluru, the Minister also India is going to become the 'manufacturing hub of the world.' 'India is going to become the manufacturing hub of the world, and we will be competing with many of our neighbours, including Vietnam and China. So when we want to compete there, the basic thing we need is power. So in this power, we need renewable energy and conventional energy also, but we need more renewable power,' Joshi said. Highlighting policy changes, the Union Minister stated that renewable energy, especially solar energy, was just 0.242 gigawatts in 2014, and today the country has the capability of 110 gigawatts of renewable energy in just 10 years. 'Of course, policy changes were made by the government. In 2014, our renewable energy, especially in solar, was just 0.242 gigawatts. Today, we have 110 gigawatts of renewable energy in just 10 years. Like that, it was some 21, 22 gigawatts of wind power. Today we are 51 gigawatts. But you are the people who are sitting in front of me, and because of the policies of the government, because of the encouragement from the government, with the cooperation of the state and Centre, we have been able to achieve 51 gigawatts today,' he said. Joshi said that the government approved the Viability Gap Funding (VGF) scheme for offshore wind energy projects at a total outlay of Rs 7,453 crore, including an outlay of Rs 6,853 crore for installation and commissioning of 1 GW of offshore wind energy projects (500 MW each off the coast of Gujarat and Tamil Nadu) The Minister added that this year's renewable energy budget has gone up by 53 per cent to 26,549 crore, with the large share directed to the wind. Inviting states to contribute to the energy transition, the Minister asserted, 'States must lead this transition, land availability, transition delays, transmission delays, and how to be addressed very, very expeditiously. This is not the time for hesitation; it is the time for the execution.' The Minister said that the government is backing the sector, which was demonstrated in this year's union budget. (ANI)
