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<keyword id="10630" type="POSITION" weightage="20" keywordseo="Power-Minister">Power Minister</keyword> <keyword id="6355222" type="PERSON" weightage="20" keywordseo="Piyush-Goyal">Piyush Goyal</keyword> has said that the government's role in business is to facilitate it and not micro management. "We need to do away with government controls. The government's job is not to run businesses but facilitate business. The role of the government is that of an enabler and not to micromanage business. It should provide ease of business," he said at The Economic Times Global Business Summit. 
 
But he added that both the government and the private sector need to work together as both are crucial to boost the infrastructure sector. 
 
The minister also said that the government is likely to attract an investment of 250 billion in the next 4-5 years in the power sector. Earlier, Goyal had expressed hope that investments for power generation, coal mining and electricity distribution and transmission would pave the way to increase power generation in the country, and ensure supply of electricity to all households by 2019. 
 In order to boost <keyword id="1057947" type="UNKNOWN" weightage="20" keywordseo="thermal-power-generation">thermal power generation</keyword>, <keyword id="45383" type="COMPANY" weightage="20" keywordseo="Coal-India">Coal India</keyword> has been given a production target of one billion tonne by 2019.

Govt's Job Is Not Micro Management, But To Facilitate Business: Power Minister

Finance Minister Nirmala Sitharaman on Tuesday announced a cut in customs duty on minerals such as lithium, copper and cobalt, which are critical for nuclear energy, renewable and other sectors, to give a fillip to the energy transition. In her budget speech in Lok Sabha, Sitharaman recalled that in the interim budget she had announced a strategy to sustain high and more resource-efficient economic growth, along with energy security in terms of availability, accessibility and affordability. "We will bring out a policy document on appropriate energy transition pathways that balances the imperatives of employment, growth and environmental sustainability," she said. Noting that minerals such as lithium, copper, cobalt and rare earth elements are critical for sectors like nuclear energy, <keyword id="19895602" type="General" weightage="20" keywordseo="renewable-energy" source="keywords">renewable energy</keyword>, space, defence, telecommunications, and high-tech electronics, she proposed to fully exempt customs duties on 25 critical minerals and reduce BCD (basic customs duty) on two of them. This will provide a major fillip to the processing and refining of such minerals and help secure their availability for these strategic and important sectors, she said. She stated that energy transition is critical in the fight against climate change. To support energy transition, she proposed to expand the list of exempted capital goods for use in the manufacture of solar cells and panels in the country. Further, she stated that in view of sufficient domestic manufacturing capacity of solar glass and tinned copper interconnect, I propose not to extend the exemption of customs duties provided to them. Noting that steel and copper are important raw materials and to reduce their cost of production, she proposed to remove the BCD on ferro nickel and blister copper. "I am also continuing with nil BCD on ferrous scrap and nickel cathode and concessional BCD of 2.5 per cent on copper scrap," she said. About the PM Surya Ghar Muft Bijli Yojana, which was rolled out earlier this year, he informed the House that in line with the announcement in the interim budget, PM Surya Ghar Muft Bijli Yojana has been launched to install rooftop solar plants to enable 1 crore households obtain free electricity up to 300 units every month. The scheme has generated remarkable response with more than 1.28 crore registrations and 14 lakh applications, and we will further encourage it, he stated. She further stated that a policy for promoting pumped storage projects will be brought out for electricity storage and facilitating smooth integration of the growing share of renewable energy with its variable &amp; intermittent nature in the overall energy mix. She stated that nuclear energy is expected to form a very significant part of the energy mix for Viksit Bharat. Towards that pursuit, our government will partner with the private sector for setting up Bharat Small Reactors; research &amp; development of Bharat Small Modular Reactor and research &amp; development of newer technologies for nuclear energy, she informed the House. The R&amp;D funding announced in the interim budget will be made available for this sector, she added. The development of indigenous technology for Advanced Ultra Super Critical (AUSC) <keyword id="20421620" type="General" weightage="20" keywordseo="thermal-power" source="keywords">thermal power</keyword> plants with much higher efficiency has been completed, she informed the House. A joint venture between NTPC and BHEL will set up a full-scale 800 MW commercial plant using AUSC technology and the government will provide the required fiscal support, she added. Moving forward, the development of indigenous capacity for the production of high-grade steel and other advanced metallurgy materials for these plants will result in strong spin-off benefits for the economy, she pointed out. A roadmap for moving the 'hard to abate' industries from 'energy efficiency' targets to 'emission targets' will be formulated, she stated adding that appropriate regulations for the transition of these industries from the current 'Perform, Achieve and Trade' mode to 'Indian Carbon Market' mode will be put in place. She further stated that an investment-grade energy audit of traditional micro and small industries in 60 clusters, including brass and ceramic, will be facilitated. Financial support will be provided for shifting them to cleaner forms of energy and implementation of energy efficiency measures. The scheme will be replicated in another 100 clusters in the next phase, she stated. Gaurav Kedia, Chairman, Indian Biogas Association said that the <keyword id="19908389" type="General" weightage="20" keywordseo="Union-Budget" source="keywords">Union Budget</keyword> 2024 has unveiled a roadmap towards a sustainable and resilient India, with agriculture and energy security at its core. It is anticipated that these initiatives will catalyze the growth of the biogas industry, leading to increased rural employment, reduced carbon emissions, and improved soil health, he stated. SEE ALSO:<a href="https://www.businessinsider.in/budget/news/budget-2024-25-changes-to-tax-slabs-increased-standard-deduction-and-other-changes-to-direct-taxation/articleshow/111951205.cms" target="_blank"></a> <a href="https://www.businessinsider.in/budget/news/budget-2024-25-changes-to-tax-slabs-increased-standard-deduction-and-other-changes-to-direct-taxation/articleshow/111951205.cms" target="_blank">Budget 2024-25 – Changes to tax slabs, increased standard deduction and other changes to direct taxation</a><a href="https://www.businessinsider.in/business/news/expectations-from-union-budget-2024-25-how-will-this-budget-impact-you/articleshow/111946291.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/news/expectations-from-union-budget-2024-25-how-will-this-budget-impact-you/articleshow/111946291.cms" target="_blank">Union Budget 2024-25: How will this budget impact you?</a> <a href="https://www.businessinsider.in/budget/news/budget-2024-record-allocation-of-rs-1-48-lakh-crore-for-education-employment-and-skilling/articleshow/111951228.cms">Budget 2024: Record allocation of Rs 1.48 lakh crore for education, employment and skilling!</a>

FM cuts customs duty on minerals critical for energy transition

NEW DELHI: <keyword id="45417" type="COMPANY" weightage="20" keywordseo="Adani-Power">Adani Power</keyword> has acquired <keyword id="192578" type="CITY" weightage="20" keywordseo="Lanco-Infratech">Lanco Infratech</keyword>’s 1,200 mw Udupi thermal power plant in a Rs 6,000-crore transaction, marking the second mega deal in twoand-a-half weeks for the sector that is seeing a spurt of fund-raising and M&amp;A activity after being down in the dumps for years. 
 The deal, the largest in thermal power in terms of value and capacity, catapults the <keyword id="6367820" type="COMPANY" weightage="20" keywordseo="Adani-Group">Adani Group</keyword>, already India’s biggest private sector power producer, to a bigger league with a capacity of nearly 10,000 mw while helping Lanco reduce debt. 
 
Lanco Infratech, which has a market capitalisation of Rs 2,054 crore, said it will receive Rs 2,000 crore in cash and transfer debt of about Rs 4,000 crore to Adani. 
 Adani pipped other bidders including Mumbai-based <keyword id="83507" type="PERSON" weightage="20" keywordseo="Sajjan-Jindal">Sajjan Jindal</keyword> in the acquisition of the Udupi plant, which runs on imported coal and sells 90 per cent of the power to Karnataka and 10 per cent to Punjab. 
 Adani was also in the race for the Jaypee group’s hydropower portfolio, India’s largest, but lost out to <keyword id="9171" type="PERSON" weightage="20" keywordseo="Anil-Ambani">Anil Ambani</keyword>’s <keyword id="6360089" type="COMPANY" weightage="20" keywordseo="Reliance-Power">Reliance Power</keyword> which signed the initial pact for the Rs 12,000-crore deal. After the Jaypee deal, ET had reported that Adani was aiming to acquire 5,000 mw of capacity. 
 
The sellers, in both cases, were driven by the need to pare debt that had ballooned in recent years when the power sector was in deep trouble, with many plants stranded due to lack of fuel, low tariffs and distribution bottlenecks. 
 
However, the sector’s outlook has improved significantly after the change in government in May this year, increasing the appetite of potential buyers and prompting some sellers to seek higher valuation for their assets. 
 
In recent months, infrastructure firms raised about Rs 5,000 crore from qualified institutional placement (QIP), or share sales to institutional buyers. The flurry of transactions augur well for the sector and is expected to breathe life into so-called stranded assets -- power plants that are running below capacity on account of fuel shortages -- and repair distressed balance sheets of sellers. 
 Lanco and Adani said in a statement that the deal is valued at more than Rs 6,000 crore. Even before the transaction, Lanco had signed an agreement with the <keyword id="58906" type="ORGANIZATION" weightage="20" keywordseo="Karnataka-government">Karnataka government</keyword> to expand capacity by a further 1,320 mw, to a total of 2,500 mw. 
 
Udupi is India’s first independent power project in the country based on 100 per cent imported coal with a captive jetty of 4 million tonnes per annum and an external coal-handling system located at Mangalore Port. The capacity can be expanded to handle another 4 million tonnes, Lanco said. 
 
"For Lanco Infratech, this transaction will support the company in reducing its debt and will enable Lanco to receive about Rs 2,000 crore as cash and additionally, Adani Power will take Udupi Power’s long-time debt of around Rs 4,000 crore," the statement said. 
 
As reported by ET, experts and industry players expect infrastructure companies to raise Rs 8,000-10,000 crore more through QIPs, initial public offering (IPO) and other equity sale. They also believe more deals in the renewable energy, thermal power and road sectors are in the pipeline as highly leveraged companies have been looking to sell stake in projects.

Adani Power Buys Lanco Infratech’s Udupi Thermal Power Plant

In a move to replace old <a href="http://www.businessinsider.in/searchresult.cms?query=thermal+power+plants+">thermal power plants </a>with the newer ones, the <keyword id="6362177" type="ORGANIZATION" weightage="20" keywordseo="union-government">Union government</keyword> is now mulling over the plans to close down the plants which are at least 25 years old and currently are capable of generating only 11,000MW power. 
 As per an Economic Times report, the government is planning to invest Rs 70,000 crore and build much improved <keyword id="34551" type="PERSON" weightage="20" keywordseo="power-plants">power plants</keyword> with a total capacity of minimum 20,000 MW. 
 According to the officials, who requested anonymity, around 100 old units with capacity ranging from 60 MW to 220 MW has been listed to be closed down in a recent meeting between the <keyword id="80425" type="ORGANIZATION" weightage="20" keywordseo="Central-Electricity-Authority">Central Electricity Authority</keyword> (CEA) and state utilities. The CEA officials also informed that some 30 super critical units ranging between 660 MW and 800 MW will come up in their place. 
 
The move will lead to a saving of about Rs 40,000 crore on land acquisition as well infrastructure cost like rail and water linkages along with facilities like ash pond and power evacuation lines. Coal supplied to the old plants would be supplied to the units that would replace them. 
If reports are to be believed, in India, the a total capacity of about 36,000 MW power is supplied with the technology which is more than 25 years old and that the replacement procedure should take place in different phases. 
 
There are a few plants, which are running in good condition and were recently renovated, hence could work for few more years. However, all such plants will have to eventually close down and be replaced by new super critical units, the CEA officials said. 
 
The guidelines by the <a href="http://www.businessinsider.in/searchresult.cms?query=Ministry+of+Coal">Ministry of Coal</a> have already been issued for automatic transfer of coal linkage from old and inefficient units to new super critical units. 
 According to a <keyword id="3058148" type="POSITION" weightage="20" keywordseo="senior-power-department-official">senior power department official</keyword>, "During the13th plan period, generation capacity of about 86,400 mw is likely to be added primarily through super critical units. Land being scarce, utilities need to explore possible options to utilise the existing land and other facilities in most effective manner." 
Image: thinkstock

Power cuts can soon be a thing of the past! The Govt is pouring Rs 70,000cr to ensure just that

New Delhi, Feb 1 () Old coal-fired power plants not meeting emission norms will be closed and their land put to alternative use, Finance Minister Nirmala Sitharaman said on Saturday as she provided Rs 4,400 crore in her Budget for measures to ensure clean air.
 She also announced expansion of PM KUSUM scheme for harnessing solar energy by farmers for achieving diesel-free agriculture eventually.
 Besides, the minister indicated in her Budget speech that there would be a new scheme to reduce financial stress of debt-laden power distribution firms and incentives will be provided in form of lower corporate tax for new power projects.
 "There are yet, thermal power plants that are old and their carbon emission levels are high. For such power plants, we propose that utilities running them would be advised to close them, if their emission is above the pre-set norms. The land so vacated can be put to alternative use," Sitharaman said.
 The new scheme would be implemented by environment ministry with an outlay of Rs 4,400 crore.
 "In large cities having population above one million, clean air is a matter of concern. The government proposes to encourage such states that are formulating and implementing plans for ensuring cleaner air in cities above one million. Parameters for the incentives would be notified by the Ministry of Environment, Forests and Climate change. Allocation for this purpose is Rs 4,400 crore for 2020-21," she said.
 About this initiative of the government, Power Minister R K Singh told reporters that there are certain plants which either do not have space for putting emission control equipment or they simply cannot do that.
 The initiative is expected to nudge states to close all those old thermal power plants and capitalise vacated land.
 The finance minister also proposed to extend the concessional corporate tax rate of 15 per cent to new domestic companies engaged in the generation of electricity in order to attract investment in power sector.
 In September 2019, the government introduced new provision of offering a concessional corporate tax rate of 15 per cent to the newly incorporated domestic companies in the manufacturing sector which start manufacturing by March 31, 2023, for boosting the sector. Now this is extended to new power plants as well.
 "Taking electricity to every household has been a major achievement. However, the distribution sector, particularly the DISCOMS are under financial stress...Further measures to reform DISCOMs would be taken. I propose to provide about Rs 22,000 crore to power and renewable energy sector in 2020-21," she said in her Budget speech.
 The power sector is facing stress due to poor financial conditions of discoms in the country. The government launched Ujwal Discom Assurance Yojana (UDAY) in November 2015 to bring about operational and financial turnaround of debt-laden discoms.
 On this, Singh has said the ministry has a draft scheme for revival of discoms, which would be finalised and sent for Cabinet approval.
 He also said states would have to agree on loss reduction trajectory under the scheme to get financial assistance as well as funding from central PSUs PFC and REC.
 Giving a thrust to clean energy in the Budget, the finance minister also expanded the existing Pradhan Mantri Kisan Urja Suraksha Utthan Mahabhiyan (PM KUSUM) scheme to provide assistance for setting up about 35 lakh solar pumps by farmers.
 "We have provided energy sovereignty through KUSUM.In the Budget speech of July 2019, I had stated that 'annadata' can be 'urjadata' too. The PM-KUSUM scheme removed farmers' dependence on diesel and kerosene and linked pump sets to solar energy," Sitharaman said.
 She proposed to expand the scheme to 20 lakh farmers for setting up stand-alone solar pumps and also help another 15 lakh farmers solarise their grid-connected pump sets.
 The scheme also enables farmers to set up solar power generation capacity and sell it to the grid.
 PM KUSUM scheme was unveiled last year with an outlay of Rs 34,422 crore.
 The scheme has three components-- 10,000 megawatts (MW) of decentralised ground mounted grid-connected renewable power plants ; installation of 17.50 lakh standalone solar powered agriculture pumps and solarisation of 10 lakh grid-connected solar powered agriculture pumps.
 The finance minister also told the House that a scheme to enable farmers to set up solar power generation capacity on their fallow/barren lands and to sell it to the grid would be operationalized under PM KUSUM.
About pre-paid smart electricity meters, she said: "The ministry intends to promote "smart" metering. I urge all the states and Union Territories to replace conventional energy meters by prepaid smart meters in the next 3 years. Also, this would give consumers the freedom to choose the supplier and rate as per their requirement."
 The government has proposed Rs 5,753 crore outlay for new and renewable energy ministry for 2020-21 as against Rs 3,891.74 crore revised estimate for 2019-20. The budget estimate was Rs 5,254.83 crore. KKS ANZ ANU
ANU

Budget's push for clean air: Old thermal power plants to shut

New Delhi, State-owned <keyword id="19909029" type="General" weightage="20" keywordseo="bhel" source="keywords">BHEL</keyword> on Wednesday said it has bagged an order to set up a 2,400 <keyword id="20225858" type="General" weightage="20" keywordseo="mw-supercritical-thermal-power-project" source="keywords">MW supercritical thermal power project</keyword> (STPP) from coal <keyword id="20225857" type="General" weightage="20" keywordseo="psu-nlc" source="keywords">PSU NLC</keyword> India Ltd. This is the largest power sector order won by the company through competitive bidding, BHEL said in a statement. "BHEL bags an order for setting up a 2,400 MW Supercritical Thermal <keyword id="47379" type="General" weightage="20" keywordseo="power-project" source="Orion">Power Project</keyword>. BHEL has won the prestigious order under <keyword id="20225859" type="General" weightage="20" keywordseo="international-competitive-bidding" source="keywords">International Competitive Bidding</keyword> (ICB) for the greenfield project on an Engineering, Procurement and Construction (EPC) basis at Jharsuguda in Odisha," the company said. The scope of the EPC contract includes engineering, manufacturing, supply, erection, and commissioning of crucial equipment, such as boilers, turbines, generators, and other auxiliary systems, for the 3x800 MW thermal power project. The scope also includes boilers with biomass co-firing capability and highly efficient latest pollution control equipment. The project will be commissioned within 64 months. On commissioning, this plant will contribute to meeting the future base load requirement of electricity in the country. The major equipment will be manufactured at BHEL's Trichy, Haridwar, Hyderabad, Jhansi, Bengaluru, Ranipet, Bhopal, Rudrapur, and Varanasi plants while the company's power sector - southern region will be responsible for the civil works, and erection and commissioning of the equipment. BHEL has a long-standing partnership with <keyword id="20174233" type="General" weightage="20" keywordseo="nlcil" source="keywords">NLCIL</keyword> and installed a significant 77 per cent of the coal/lignite-based power stations of the utility, totalling 3,590 MW. It is the largest manufacturer of power generation equipment in the country and has been a major partner in the country's vision to achieve self-reliance in energy.

BHEL gets 2,400 MW greenfield power project from NLC India in Odisha

New Delhi, Mar 25 () State-owned NTPC on Wednesday announced completion of trial for second unit, of 660 megawatts, of its Khargone Super Thermal Power Project in Madhya Pradesh. "Second unit of 660 MW of Khargone Super Thermal Power Project has been added to installed capacity of NTPC on successful completion of trial operation," NTPC said in a BSE filing. With the addition, the total installed capacity of NTPC and NTPC group has become 50,355 MW and 58,816 MW, respectively. On January 31, NTPC announced commercial operation of the power plant's unit-1 of 660 MW with effect from February 1. ABI HRS

NTPC completes trial of Khargone Super Thermal Power Project's second unit

New Delhi, Feb 5 () The CISF has taken over the security of a Uttar Pradesh-based supercritical thermal power plant and has deployed over 300 personnel at the facility, a senior official said on Wednesday.The induction of an armed security unit of the force and a separate fire wing took place on Monday at the Neyveli Uttar Pradesh Power Ltd (NUPPL) located at Ghatampur in Kanpur."310 personnel -- 206 for security duties and 104 as part of the fire wing -- have been deployed at the power plant. The induction took place on February 3," a Central Industrial Security Force (CISF) spokesperson said.NUPPL is a joint venture between the Neyveli Lignite Corporation India Ltd (a Union government enterprise) and the Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd. It is a coal-based supercritical thermal power plant with a capacity of 1,980 MW."In the light of the increased threat perception to coal-based supercritical thermal power plants situated across the country, NUPPL is inherently vulnerable to threats from anti-nationals," the spokesperson said.The ceremonial induction of the contingent was done by CISF Deputy Inspector General (DIG) Prabodh Chandra and NUPPL CEO K Mohan Reddy.The CISF commandos, under the command of a Deputy Commandant-rank officer, will provide round-the-clock security in a quick response team (QRT) pattern as part of which they will keep vigil from vantage positions at the facility, using sophisticated assault weapons and will have vehicles for swift movement.They will ensure that terror threats to the power plant are kept at bay and thwarted, a senior official said.The special fire unit will secure the facility against any blaze-like incidents.The paramilitary force, with a strength of around 1.62 lakh personnel, is the primary federal force to provide armed security cover to vital installations in the government and private domain of the country, apart from being the national civil aviation protection force.With the latest induction, the force has 347 units to guard in the country, the spokesperson said. NES IJTIJT

UP-based thermal power plant gets CISF security and fire cover

Bhubaneswar, Mar 5 () National Thermal PowerCorporation (NTPC) on Thursday said it will set up two newunits at Talcher Thermal Power Station in the state with aninvestment of Rs 7,400 crore."NTPC achieved the milestone of declaration ofcommercial operation of one unit Darlipali super thermal powerstation. Next on our agenda is to set up two units of 600 MWeach at Talcher Thermal," Sanjeev Kishore, NTPC's executivedirector (Eastern Region-II), told reporters here.While the first unit of 800 MW of Darlipali project inSundargarh district commenced commercial operation on March 1,its second unit of the same capacity is expected to becomplete in the next six months, he said.The Odisha government has granted approval for settingup two new units at Talcher Thermal in coal-rich Anguldistrict, Kishore said."We are working in tandem with the state governmentfor the proposed new units at Talcher Thermal. Fifty per centof the power generated from these units will be for Odisha,"the NTPC official said.Though there are certain technical glitches, talks arein the advanced stages of sorting out the issues, he said,adding, tariff for electricity to be produced from the newunits would be fixed as per the CERC norms.NTPC Eastern Region II has an installed capacity of5,020 MW at present.He said that under the Deen Dayal Upadhyaya Gram JyotiYojana (DDUGJY), work in 15,289 villages out of 17,136 havebeen completed.Kishore said NTPC is setting up a medical college cumhospital in Sundargarh district, while an Industrial TrainingInstitute is being constructed in Ganjam district. SKNRBT RBT

NTPC to set up 2 new units at Talcher Thermal in Odisha

New Delhi, Jan 31 () State-run power producer NTPC on Friday said the unit-1 of Khargone Super Thermal Power Station in Madhya Pradesh will start commercial operation from February 1.
"We wish to inform that unit-1 of 660 megawatt (mw) of Khargone Super Thermal Power Station (2x660 mw) is hereby declared on commercial operation with effect from 00:00 hrs of 01.02.2020," the PSU said in a regulatory filing.
 With this, the commercial capacity of NTPC and NTPC group will become 48,645 mw and 57,106 mw, respectively, the filing said.
 Shares of NTPC were trading at Rs 114.85 a piece on BSE, up 1.10 per cent from the previous close. SID DRR
DRR

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