Solar-DC solutions startup Cygni Energy today announced it has raised $6.4 million through a...
He said the CIAL management has launched rebuilding of the damaged infrastructure including 2.5 km long airport walls that collapsed after Periyar river overflowed.
The runway, taxi bay, duty free shops and other areas of international and domestic terminals were also submerged, causing damage to electrical equipment including runway lights, the official noted.
He said the solar power system of the world's first solar-powered airport has also suffered damage in the floods.
"We have launched efforts on a war-footing to rebuild the damaged infrastructure. Our initial assessment is that we have suffered an estimated loss of Rs 220 crores in the floods," the official said, adding around 200 workers have been engaged to clean up the terminal building.
The airport is expected to be reopened next week.
Meanwhile, the Naval Air Station, INS Garuda, has commenced civil aircraft operations from yesterday.
Alliance Air (a subsidiary of Air India) was able to operate two flights to Bangalore and one flight to Coimbatore.
An Indigo flight also did a trial landing and will be undertaking flying operations from today.
Coal India Ltd (CIL) expects 367 million tonne (MT) output by the end of the current financial year from its 115 ongoing projects.
The PSU accounts for over 80 per cent of the domestic production.
There are 115 coal projects under implementation and the expected contribution from these by March 2019 is 367 MT, Coal India said in a report.
The production from these projects is “planned to reach the level of 377 MT in 2019-20,” it said in the report.
CIL also said it has 65 new projects on the anvil with a “targeted capacity of 247.66 MT per year” out of which 27 are approved.
“Of these 65 future projects, 27 with ultimate capacity of 108.29 MT have been approved,” the report said.
It said efforts are on to augment investment in logistics and infrastructure for coal offtake adding that Operator Independent Truck Dispatch Systems are installed
in 11 large opencast projects in 4 subsidiaries besides road and rail projects.
The PSU has lined up Rs 9,500 crore as capital expenditure for 2018-19.
CIL has planned robust investment in various other projects like Ultra Mega Power Project (UMPP), solar power, revival of fertiliser plants, acquiring coking coal assets in Australia and Canada, coal gasification, during 2018-19.
The company contributed 84 per cent to India’s total coal production in 2016-17.
The dry fuel accounts for 56 per cent of India’s primary energy consumption.
The PSU operates 369 mines via eight subsidiaries.
The company’s production during the first quarter of 2018-19 stood at 137 MT.
Imposition of safeguard duty is likely to result in some delay in project implementation of nearly 12,000 MW of under-construction solar capacities, rating agency Crisil Research said. As per Crisil’s analysis, a 25 per cent safeguard duty entails a rise in capital costs by 15-20 per cent, which would have a 30-40 paise per unit impact on bid tariffs so as to maintain the same rates of return. “We expect some delay in project implementation on account of the duty as the ‘change in law’ clause is expected to be sought for 12,000 MW of under-construction projects,” it said in a statement issued here.
Following a petition filed by the Indian Solar Manufacturers Association (ISMA) in December 2017, seeking imposition of safeguard duty directorate general of trade remedies (DGTR) had recommended a 70 per cent safeguard duty in January 2018. On July 16, DGTR reviewed the recommendations and imposed 25 per cent duty for the first year followed by 20 per cent in the first half of the second year and 15 per cent for the rest part of the year.
“The imposition of the duty could cause some procedural delays as developers would have to approach the appropriate authorities (electricity regulatory commissions) to approve the new tariffs with pass-through of costs,” it said. According to the agency, solar power capacity addition is likely to ramp up to 56,000-58,000 MW between fiscals 2019 and 2023, compared with 20,000 GW between fiscals 2014 and 2018, which will be driven by capacities allocated/tendered under the National Solar Mission, state solar policies, other schemes driven by SECI and PSUs.
“Logically, domestic module manufacturers would become the main suppliers to solar developers in India. However, their supply capacities are far short of the annual demand of the sector. Hence, we expect a rise in capital costs over the near-term due to the duty as even domestic module manufacturers are likely to charge a premium on their products in the event of a surge in demand,” the report said.
The agency further said that as domestic capacities expand and integrated foreign players set up units in India, costs could drop again. “A weakening rupee will cause additional cost pressure with increased foreign exchange volatility faced by importers unless they have hedged in advance. This could amp up the cost pressure slightly,” it added.
India is still not power surplus as envisaged because peak power deficit in April-July was 0.9 per cent, while overall electricity deficit stood at 0.6 per cent during the 4-month period this fiscal.
As much as 170.76 GW electricity was supplied during peak hours against the demand of 172.38 GW during April-July this fiscal, resulting in a deficit of 0.7 per cent, as per the Central Electricity Authority’s (CEA) latest power supply data.
According to the CEA data, overall 433.48 Billion Units (BU) of electricity were supplied against the demand of 436.14 BU during the 4-month period, which indicated a deficit of 0.6 per cent.
The CEA has pegged energy and peak power surplus at 4.6 per cent and 2.5 per cent, respectively, in 2018-19 in its load generation balance report (LGBR), which indicates that India will be a power surplus country in 2018-19.
Last year, the CEA had also projected that India would become a power surplus nation in its LGBR.
“All India power supply position indicates that the country is likely to have a peak surplus of 6.8 per cent and energy (electricity) surplus of 8.8 per cent (in 2017-18),” the report had said.
In 2017-18, the peak power deficit was 2 per cent, while overall electricity deficit stood at 0.7 per cent across the country.
As much as 421.31 BU of electricity was generated in April-July period this fiscal recording a growth of 3.75 per cent compared to same period year ago. This does not include power generated from renewable sources like solar and wind energy.
India has total installed power generation capacity of 345.49 GW, including around 70.64 GW of renewable energy such as solar, wind and small hydro.
As per power sector experts, India is already a power surplus states. The deficit is mainly because the discoms don’t buy required power for supplying to consumers either due to financial stress or they have apprehensions about under-recovery of cost of power supplied by them.
State owned GAIL India has sought shareholder nod to amend the charter of the company to invest...