11. Karnataka launches ‘Mathru Purna’ scheme for pregnant women.
The State government on Monday launched Mathru Poorna, a scheme meant to meet the nutritional needs of pregnant and lactating women in rural areas.
Under the programme, pregnant and lactating poor women in rural areas will get one nutritious meal daily for 25 days in a month.
Chief Minister Siddaramaiah launched the programme here and said a full meal, consisting of rice, dal with vegetables/sambar, one boiled egg and 200ml of milk, will be given to pregnant women. Those who don’t eat eggs would be given two varieties of sprouts.
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This meal will meet 40-45% of the daily calorie, protein and calcium requirement per day of the pregnant and lactating mothers.
Along with the meal, Iron Folic Acid (IFA) tablets will be administered and gestational weight monitoring will be ensured for pregnant women.
12 lakh to benefit
Based on the previous experience in pilot blocks, the scheme has been scaled up in all the districts of the State from Monday, benefiting around 12 lakh pregnant women and lactating mother, and anganwadi assistants and helpers.
The scheme will be implemented through anganwadis in the State. Each meal is estimated to cost around ?20. The food will be provided for 15 months, from the start of pregnancy up to six months after delivery.
12. National Highways Authority of India (NHAI) launches new website and PMIS Mobile App.
When you drive along a national highway, you would soon be able to check the real-time status of the highway across the country.
Deepak Kumar, Chairman of National Highways Authority of India (NHAI), who launched a new multilingual website of the organisation on Tuesday, said within two months, it would be possible for the general public to rate national highways through this website.
A project monitoring information system (PMIS) mobile App that will facilitate close, in-house monitoring of NHAI projects on a mobile phone was also launched, an official release said.
Kumar said NHAI also planned to soon launch a public interface of the PMIS desktop and App versions so that the public can view the real-time status of any project across the highway network.
To ensure timely delivery of its projects, NHAI is digitally monitoring them through the PMIS, which has been developed in-house along with The Boston Consulting Group.
Monitoring tool
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“For project directors, the App is a project monitoring tool. They can visit a site, check into the App from there — the App will capture their geo-location — then they can take three pictures and upload them. This will also ensure that the actual physical progress of a site can be seen. The kilometre completed also can be seen from the App,” Akhilesh Srivastava, Chief General Manager (IT and Highway Operations), NHAI, told BusinessLine.
PMIS has a comprehensive database with over 180 data fields being tracked for each project, and a further 500 fields specifically for complex PPP projects, covering all key progress metrics such as design, contracting, construction, land acquisition, compensation disbursement, toll and traffic information and concession, contract information.
An in-built algorithm automatically highlights focus projects with key pending issues so that focused interventions for these projects can be discussed during these reviews.
The PMIS has enabled significant progress, with a 32 per cent increase in construction in 2016-17 over the previous year, and with over 60 per cent of the projects identified in 2016 with issues, now getting back on track, the release added.
13. CWC sign MoU with IIT Roorkee and MNNIT Allahabad to support capacity building in dam safety areas under dam rehabilitation and improvement project.
Central Water Commission (CWC) has signed MoUs with IIT Roorkee and MNNIT Allahabad to support dam rehabilitation efforts of various implementing agencies and CWC.
Ministry of Water Resources, River Development and Ganga Rejuvenation has taken on board selected premier academic and research institutes, for capacity building in the areas of dam safety through World Bank assisted Dam Rehabilitation and Improvement Project (DRIP).The scope includes strengthening the testing laboratories, enhancing analytical capabilities, exposure visits to best global institutions and on ground exposure to dam safety concerns to the faculty of these institutions.
CWC has already signed MoUs with IIT Madras, IISc Bangaluru, NIT Calicut and NIT Raurkela for supporting these institutes for the procurement of specified equipment and software for enhancing their testing and modeling capabilities. Last month, CWC facilitated the signing of MoUs by Madhya Pradesh Water Resources Department (MPWRD) and UJVN Limited (UJVNL), Uttarakhand with the Earthquake Engineering Department of IIT Roorkee for assisting MPWRD and UJVNL in the activities related to establishment of seismic instruments, certification of these installations, generation of post seismic event report having an intensity greater than 4.0 on Richter Scale and sharing of these reports with State and Central Agencies, data collection, processing, monitoring, analysis, interpretation, integration of the State Dam Seismological Network (SDSN) with Indian Dam Seismological Network (IDSN) being maintained by National Agencies to exchange the information and help to strengthen the existing seismological network for a strong national perspective plan, and conducting training programmes for the dam owning personnel.
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DRIP is assisting rehabilitation of 225 dams in seven States which are experiencing different levels of distress. Owners of these dams require technical support for the investigation of dam conditions and supporting rehabilitation efforts. The Government of India has decided to enhance the capability of selected premier academic institutes in dam safety areas so that they, in turn, carry out field investigations and material testing, and provide training and consulting services to the dam owners in their dam rehabilitation efforts. In addition to rehabilitation of dams, Project also has component of institutional strengthening wherein capacity building of all partners agencies as well as few selected premier academic institutions of country are being strengthened in dam safety areas by imparting trainings to operational efficiencies of these owner agencies, exposure visits to best global institutions and on ground exposure to the dam safety concerns to the faculty of these institutions. It is a holistic effort of the Government of India to equip our national institutions to develop capability and expertise at par with global institutions in the coming times to ensure self-reliance.
14. Hyundai India Join Hands With FIFA U17 World Cup Tournament As Official Partners.
Hyundai Motor India (HMIL) on Tuesday announced as an exclusive right to provide transportation of FIFA officials through premium Hyundai cars during the FIFA U17 World Cup Tournament starting 6 October 2017 in India.
At an official handover ceremony at Jawahar Lal Nehru Stadium in New Delhi, Y K Koo, MD & CEO, HMIL, handed over the fleet of premium Hyundai cars to Martin Nussbaumer, Marketing Operations Group Leader, FIFA and Javier Ceppi, Tournament Director, Local Organising Committee.
The fleet includes 63 premium Hyundai cars including the Next Gen Verna, Tucson, Elite i20 and a few coaches across six cities (Delhi, Kolkata, Mumbai, Kochi, Goa and Guwahati) for the movement of the players and the FIFA management during the mega sports event.
Speaking at official cars handover ceremony, Y K Koo, Managing Director & CEO, Hyundai Motor India, said: “Hyundai is proud to partner with The FIFA U17 World Cup being hosted for the first time in India. At Hyundai, we understand the passion of the Indian football fans and want to keep the excitement around Hyundai brand alive by engaging with our customers at every point.”
“Football is a game of passion, a game of heart; For every fan, football drives them and as a dynamic automotive brand, HMIL has always been associated globally with diverse sport activities.”
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Hyundai has also planned a number of interactive engagement with the young footballs fans in the country through digital campaigns #FuelTheGame and #FootballerInYou. In #FuelTheGame fans can submit slogans in support of their favorite U17 players just before the opening ceremony. Through #FootballerInYou fans will be asked to upload films of their own football skills. Both the campaigns will be on throughout the entire tournament period.
The FIFA U-17 World Cup is the Football World Championship for male players under the age of 17 and is held every two years. The tournament was first staged in China in 1985 and most recently held in Chile in 2015, when the competition was won by Nigeria.
Hyundai has lined up exclusive engagement activities and merchandise distribution for its customers around FIFA U17 World Cup at its dealerships in the 6 host cities in India.
15. First US Crude Oil Shipment Arrives in Paradip.
The first shipment of US crude oil in over four decades reached Indian shores on Monday, reaffirming the energy commitment between the two countries that includes importing American liquefied natural gas (LNG).
MT New Prosperity, a ship with a capacity to haul 2 million barrels of crude, left the US Gulf Coast on August 19 and arrived at Paradip port in Odisha.
The shipment is for the state-owned Indian Oil Corp (IOC), which “will process the crude at its refineries located at Paradip, Haldia, Barauni and Bongaigaon,” the company said in a statement.
The Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) have also placed orders for about 3.95 million barrels of US crude for their Kochi and Vizag refineries.
Sunjay Sudhir, the oil ministry’s joint secretary (international cooperation), Katherine B Hadda, the US consul general in Hyderabad, senior officials of the foreign ministry and IOC were present at the welcome ceremony for the cargo.
Sudhir said crude oil import from the US by India’s largest refiner will go a long way in mitigating risks arising out of geo-political disruptions.
He said the new arrangement would usher in price stability and energy security for India, which is witnessing robust growth in demand for petroleum products.
“This is one of the first shipments to India since the US stopped oil exports in 1975, and follows recent commitments to US oil purchases by IOC and BPCL,” a US embassy statement said.
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Besides, crude oil imports have the potential to boost bilateral trade by up to $2 billion.
Indian companies, both public and private, have also made a total investment of about US $5 billion in US shale gas assets. The first shipment of LNG is expected to reach India next January.
Prime Minister Narendra Modi and US President Donald Trump expanding bilateral energy cooperation through a strategic energy partnership during the Indian leader’s June visit to Washington.
The arrival of the crude is hailed as “a significant milestone in the growing partnership” between the US and India.
“The US and India are elevating our cooperation in the field of energy, including plans for cleaner fossil fuels, renewables, nuclear, and cutting-edge storage and energy efficiency technologies,” said MaryKay Carlson, chargé d’affaires at the US embassy in New Delhi.
16. Union Government approves renaming of Kandla port as Deendayal Port and Rail Sector MoU between India And Switzerland.
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its ex-post facto approval to the renaming of Kandla Port as Deendayal Port.
Ports in India are generally named after the city or town in which these are situated. However, the Government, in special cases, after due consideration, have renamed the Ports after great leaders in the past.
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By renaming Kandla Port as “Deendayal Port, Kandla”, a grateful nation would be remembering the invaluable contributions made by one of the greatest sons of India, Pandit Deendayal Upadhyay. This will inspire the People of Gujarat, particularly the Youth, who may not be fully aware of the contributions made by the great leader.
Background:
There have been public demands from various quarters in Gujarat, especially from Kachhh district, to rename ‘Kandla Port’ as ‘Deendayal Port, Kandla’. Pandit Deendayal Upadhyay (25.9.1916 – 1.2.1968) was a prominent leader, who pledged his life to the service of the nation. He devoted his entire life serving the nation and worked among the masses and dedicated and sacrificed his life for the upliftment of the Poor & Working Class at the same time. Upholding the values of democracy founded on tolerance, discipline, selflessness and respect for the law of the land, all his actions were based on the principles of ‘Integral Humanism’. Throughout his life, he worked tirelessly for Indianisation of democracy, honouring the public opinion, selflessness and respect for law of the land. Pandit Deendayal Upadhyay dedicated his entire life for public service and was the epitome of simplicity, honesty and selfless service for the poor and down-trodden.
Since the birth anniversary of Pandit Deendayal Upadhyay was to be celebrated on 25th September, 2017, it was felt that it would be most appropriate if the decision to rename the Kandla Port as Deendayal Port was made as a part of the birth anniversary celebration of this great national leader.
17. Turtle Sanctuary to be set up in Allahabad.
The project at an estimated cost of Rs 1.34 crore will include development of River Biodiversity Park at Sangam (confluence of Ganga, Yamuna and mythical Sarasvati) and establishment of a Turtle Rearing Centre (permanent nursery at Triveni Pushp and makeshift annual hatcheries).
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This project, according to the Ministry of Water Resources, will provide a much needed platform to make visitors aware of their place in the ecosystem, their roles and responsibilities, improve their understanding of the complexity of co-existence with the environment and help generate awareness for reducing the impact of human activities on critical natural resources.
The task of dissipating knowledge about river Ganga will be taken up in this project, which is 100% centrally funded.
The sustenance of more than 2,000 aquatic species, including threatened gharials, dolphins and turtles in river Ganga, exemplifies the rich biodiversity of this lifeline to over 40 per cent of the country’s population.
Rivers Ganga and Yamuna at Allahabad are home to some of the most endangered fauna such as turtles (Batagur kachuga, Batagur dhongoka, Nilssonia gangetica, Chitra indica, Hardella thurjii etc.), the National Aquatic Animal - Gangetic dolphin (Platanista gangetica), the Gharial (Gavialis gangeticus) and numerous migratory and resident birds.
17. Foundation stone for national waterway on Krishna River laid.
Vice president Venkaiah Naidu on Tuesday laid the foundation stone for the first phase of the 2,890-km National Waterway-4 (NW-4) at Amravati in Andhra Pradesh.
The first phase involves development of a water channel from Muktyala to Vijayawada on Krishna river along with four floating terminals and three fixed terminals to handle cargo operations.
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Speaking on the occasion, minister for road transport and shipping Nitin Gadkari said the project will provide an efficient logistics solution to boost the economic growth of the region and facilitate the development of Amravati during its early development stage as substantial construction material is expected to be transported on this stretch.
The inland waterway was declared National Waterway-4 in November, 2008 with a total length of 1,078 km. Under the National Waterway Act, 2016, this was increased to 2,890 km.
The NW-4 would be developed in three phases. In the first phase, the 82 km stretch from Muktyala to Vijayawada will be developed. This would be followed by the second phase where 233 km will be developed from Vijayawada to Kakinada and Rajahmundry to Polavaram on Godavari river. The third phase will connect Commamur canal, Buckingham canal and the balance stretches of river Krishna and Godavari across 573 km.
An official statement said dredging work on the Muktyala-Vijaywada stretch began in May this year and is expected to be completed by June, 2019. Besides, a proposal for Phase-II has been recommended by Inland Waterways Authority of India (IWAI) board for Public Infrastructure Board (PIB) and cabinet consideration. The authority plans to form a special purpose vehicle (SPV) for the project by November 2017.
18. Union Government Names Rajnish Kumar as SBI`s Next Chairman.
Rajnish Kumar was on Wednesday appointed chairman of the largest public sector bank, the State Bank of India (SBI), replacing Arundhati Bhattacharya, who completes her one-year extended term on Friday.
Mr. Kumar, who is now the managing director of the SBI, faces the daunting task of addressing the issue of huge non-performing assets (NPA) of the bank.
The Appointments Committee of the Cabinet approved Mr. Kumar’s appointment for three years from the date of taking charge on or after October 7, said an order issued by the Department of Personnel and Training (DoPT).
Mr. Kumar, aged 59, joined the SBI board on May 26, 2015.
Prior to this appointment, he was Managing Director — Compliance and Risk, and Managing Director and Chief Executive Officer of SBI Capital Markets Limited, the merchant banking arm of the SBI, according to his official biodata.
Mr. Kumar has also worked as Chief General Manager, Project Finance and Leasing Strategic Business Unit, it said.
He has held several key assignments across various business verticals, including two overseas assignments in Canada and the United Kingdom.
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Ms. Bhattacharya became the first woman chairperson of the SBI in 2013. She was given a year’s extension in October last to ensure continuity, as the SBI was then in the process of absorbing five associate banks.
Associate banks merge with SBI
State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala, State Bank of Travancore and Bharatiya Mahila Bank merged with the SBI on April 1, 2017.
Gross NPAs of the public sector banks rose to ?6.41 lakh crore at the end of March 2017, against ?5.02 lakh crore a year ago, according to a Finance Ministry data.
The SBI and its erstwhile associates alone wrote off ?27,574 crore NPAs in 2016-17, according to an RBI data.
19. Bharati Airtel Gets Approval for Tigo Merger.
Bharti Airtel has received Ghana’s National Communications Authority’s approval for the merger between Bharti Ghana (Airtel) and Millicom Ghana (Tigo), subject to certain conditions. This merger will result in an entity which will be the second largest mobile network operations in the country.
The merger was first announced in March this year.
To ensure efficient and equitable distribution and access to the spectrum, the merged entities will have to submit a network integration plan to the authority which will indicate how they intend to relinquish portions of their total spectrum allocation. This, however, will be done in phases on geographical area basis and over a period not exceeding 18 months to avoid disruptions on the network.
On the issue of numbers, the merged entity shall retain all the numbering resources held by the merging entities. The NCA has also requested the merged entity to submit a plan to educate customers about changes and related measures within 30 days from date of merger.
The merger approval is also conditional to an option for government participation.
Based on agreements, which have been accepted by the merging entities and the payment of relevant fees, a supplementary agreement to the licences of the merging entities will be signed between the NCA and the merging entities. The day of the signing of the agreement will be the effective date of the merger. The merged entity will have a 3G Licence valid until January 25, 2024, while their 2G Licence will be valid until October 30, 2021.
20. Uttar Pradesh government launches ‘Mukhyamantri Samoohik Vivaah Yojana’.
The Uttar Pradesh government today approved the ‘Mukhyamantri Samoohik Vivaah Yojana’, a mass marriage scheme, wherein Rs 35,000 will be spent on each couple, besides gifting them mobile phones and household items.
“Under the scheme, mass marriages will be conducted by the social welfare department. Programmes in this regard will be organised by urban local bodies like nagar panchayat, nagar palika and nagar nigam, kshetra panchayats, zila panchayats, government/semi-government organisations and NGOs, which will be authorised by district magistrates of respective districts,” state minister Sidhartha Nath Singh told reporters here.
He said parents of the brides have to be residents of Uttar Prdaesh and should be from below poverty line to avail the scheme.
“There should be at least 10 couples in the mass marriage ceremony. An amount of Rs 35,000 will be spent on each couple.
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A number of household items and mobile phones will be given as gifts to the couples. The scheme will cover widows and divorced women as well,” the minister said.
The state cabinet also approved draft of The Uttar Pradesh Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill-2017.
The UP government also announced a new scheme for school students. Under the programme, a pair of shoes (one set), a pair of socks (two sets) and a sweater will be given to students of government primary (class 1 to 5) and upper primary (6-8) schools.
The step will benefit 1,48,49,145 students (more than 1.48 crore). The cost of a pair of shoes comes out to be Rs 135.75, while the cost of a pair of socks is Rs 21.85, Singh added.
21. Reserve Bank of India opens branch in Dehradun.
The bank related tasks of the State Government will now be conducted through the Reserve Bank of India, Dehradun. Chief Minister Trivendra Singh Rawat inaugurated this facility at the Secretariat on Tuesday to replace the existing system under which all the banking related works of the Uttarakhand State Government used to be done through the Reserve Bank of India branch at Kanpur in neighbouring State of Uttar Pradesh.
Addressing officials on the occasion, the Chief Minister said that opening of a banking office in Dehradun for the government’s bank related works is an important development. This will enhance the convenience in the state government’s financial and banking works. It will also bringing about a rise in the pace of economic progress in the State, added Rawat.
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Speaking on the occasion, the State Finance Minister Prakash Pant said that this development will also help establish better coordination between the State Government and the RBI. Since the creation of Uttarakhand State in the year 2000, there has been a four-fold increase in the banking services in the state. The State Government is consistently attempting to maintain economic balance, he added.
The RBI principal chief general manager S Ramaswamy assured that the RBI would provide full cooperation in the development of the state. He said that due to the bank’s Department of Government accounts being situated in the State, it will be possible to work with improved coordination among treasuries, sub-treasuries, agency banks and RBI, he added.
On the occasion, the Chief Minister also released the RBI’s information booklet on Uttarakhand Government banking business. Finance secretary Amit Negi, RBI Dehradun General Manager Subrat Das and other bank officials were also present on the occasion.
22. Madhya Pradesh Government approves Rs 2,195 crores for infrastructure schemes.
The cabinet meeting held under the Chairmanship of the Madhya Pradesh Chief Minister Shivraj Singh Chouhan gave its approval for continuation of infrastructure related schemes being implemented by the Directorate of Industry and Employment from 2017-18. Under this several approval were given for development of infrastructure facilities related to concerning industrial areas.
In order to undertake works for 2017-18, 2018-19 and 2019-20, integrating all the schemes, the state government has given its approval in the form of grant for Rs. 699 crore 20 lakh, Rs. 895 crore 70 lakh and Rs. 600 crore 50 lakh respectively , total Rs. 2195 crore towards infrastructure works.
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The cabinet while integrating schemes related to infrastructure development has given its approval for continuation of infrastructure development fund establishment. Beside this approval has been given by the cabinet for establishment of 20 new industrial areas in 2000 hectare land during the next 3 years, infrastructure upgradation works in 12 existing industrial areas, for development of new industrial areas under 4 state level investment corridor and for infrastructure works in 6 industrial areas under the infrastructure gap.
Moreover the cabinet has given approval 40 percent grant of project cost from the government, loan from the financial institutions under the 50 percent government guarantee and to ensure 10 percent share of implementation agency for establishment of new industrial areas and development of industrial areas under state level corridor.
Also, Permission has been given by the cabinet for upgradation of existing industrial areas and investment of 75 percent state government grant and 25 percent share of implementation agency to complete the infrastructure works related to basic facilities as per the requirement in industrial areas.
23. Chhattisgarh Chief minister Raman Singh flags-off Cancer detection ambulance to cure patients free-of-cost.
Chief Minister Dr. Raman Singh today flagged-off `Cancer diagnosis Ambulance` at his official residence. The ambulance will tour the villages for 45 days. The vehicle is fitted with ultra-advanced equipment to detect cancer. The patients will be treated free-of-cost. Assembly Speaker Mr. Gowri Shankar Agrawal was also present. Akhil Bharatiya Marwari Yuva Manch is organizing the cancer detection camps. About Rs Two crore had been invested in the ambulance. The patients who are suffering from oral, throat, breast, prostate, intestinal, liver and other forms of cancer will be medically examined.
Dr. Raman Singh said that the ultra-modern ambulance will fulfill the need for detecting cancer patients in far-flung regions of the State which are lacking in adequate medical facilities. It will make easier for treating the patients in the preliminary stages itself. He expressed his best wishes to the members of the Marwari Samaj for such a noble gesture. The delegation members said that the ambulance had already toured 17 states and Chhattisgarh is the 18th State. The ambulance will tour the capital and entire State during the next 45 days. Cancer specialist Dr. Anand and members of Marwari samaj were also present.
24. India to help strengthen Myanmar’s women police force, pact approved.
In a meeting chaired by Prime Minister Narendra Modi, the Cabinet provided ex-post facto approval to the Memorandum of Understanding (MoU) between India and Myanmar on upgradation of the Women’s Police Training Centre at Yamethin, Myanmar.
The MoU covers upgradation of the Yamethin Women’s Police Training Centre to further augment the capabilities of the Myanmar Government to build capacities of its police force with technical and financial assistance from Government of India. The MoU was signed on 6th September this year.
Myanmar shares a long land border of over 1600 Km with India as well as a maritime boundary in the Bay of Bengal. Both countries share a heritage of religious, linguistic and ethnic ties. Myanmar has a substantial population of Indian origin.
Further, Myanmar is our gateway to South East Asia and ASEAN with which we are seeking greater economic integration through India’s `Look East` and ‘Act East’ Policy. Myanmar also offers us an alternative access route to the Northeast.
Apart from supply of pulses, possibilities of energy supply from offshore blocks in Myanmar and business opportunities that emerging from an opening economy underpin bilateral relations.
India and Myanmar signed a trade agreement in 1970. Bilateral trade has been growing steadily reaching USD 1571.95 million in 2014-15 (Exports to Myanmar USD 773.74 million and Imports from Myanmar USD 1016.86 million) and India is the fourth largest trade partner of Myanmar but trade remains below potential.
25. India Renewable Energy to be double by 2022.
India’s renewable energy capacity will more than double by 2022, which would be enough to overtake renewable expansion in the European Union for the first time, International Energy Agency (IEA) said in a report.
The country’s renewable energy installed capacity is 58.30 GW as per the recent government data. The government has an ambitious target of raising it to 175 GW by 2022 including 100 GW of solar and 60 GW of wind energy. “By 2022, India’s renewable capacity will more than double.
This growth is enough to overtake renewable expansion in the European Union for the first time,” IEA said in its latest renewables market analysis and forecast. IEA said the solar PV and wind together represent 90 per cent of India’s capacity growth as auctions yielded some of the world’s lowest prices for both technologies.
Earlier this year, the solar and wind power tariffs dropped to all time low of Rs2.44 per unit and Rs3.46 per unit in tariff based competitive bidding conducted by Solar Energy Corporation of India (SECI). IEA said India’s move to address the financial health of its utilities and tackle grid-integration issues drive a more optimistic forecast.
The analysis noted that China remains the undisputed leader of renewable electricity capacity expansion over the forecast period with over 360 GW of capacity coming online, or 40% of the global total. It said China’s renewables’ growth is largely driven by concerns about air pollution and capacity targets that were outlined in the country’s 13th five-year plan to 2020.
In fact, China already exceeded its 2020 solar PV target three years ahead of time and is set to achieve its onshore wind target in 2019. Still, the growing cost of renewable subsidies and grid integration issues remain two important challenges to further expansion, it added. IEA said boosted by a strong solar PV market, renewables accounted for almost two-thirds of net new power capacity around the world last year, with almost 165 GW coming online.
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Renewables will continue to have a strong growth in coming years. By 2022, renewable electricity capacity should increase by 43%, the report said. “We see renewables growing by about 1,000 GW by 2022, which equals about half of the current global capacity in coal power, which took 80 years to build,” said Fatih Birol, the executive director of IEA.
“What we are witnessing is the birth of a new era in solar PV. We expect that solar PV capacity growth will be higher than any other renewable technology through 2022,” Birol added. This year’s renewable forecast is 12% higher than last year, thanks mostly to solar PV upward revisions in China and India. China, India and the US will account for two-thirds of global renewable expansion by 2022.
Total solar PV capacity by then would exceed the combined total power capacities of India and Japan today, it said. The power consumption of electric vehicles - including cars, two and three wheelers and buses - is expected to double over the next five years, with renewable electricity estimated to represent almost 30% of their consumption by 2022, up from 26% on Wednesday.
The electric vehicles play a complementary role to biofuels, which represent 80% of growth in renewable energy consumption in transport. However, it said the share of renewables in total road transport energy consumption remains limited, increasing only from 4% in 2016 to almost 5% in 2022.