Project News Details
Integrated Energy Policy Formulated covering all sources of Energy Including Renewable Energy Sources
Government has formulated an Integrated Energy Policy (IEP) document gives a roadmap to develop energy supply options and increased exploitation of renewable energy sources. In addition, for promotion of Renewable Energy, Government has amended the National Tariff Policy for electricity in January 2016. By this amendment several provisions for promotion of renewable energy have been made. This was stated by Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines in a written reply to a question in the Lok Sabha today.
Giving details of plan to achieve 100 GW of solar capacity installation by 2022 through installation of projects under various schemes, the Minister said several schemes have been launched by Ministry of New and Renewable Energy (MNRE) which are as follows :
(I). Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects.
(II). Scheme for Development of Solar PV Power Plants on Canal Banks/ Canal Tops.
(III). Scheme for setting up of 300 MW of Grid connected Solar PV Power Projects by Defence Establishments under Ministry of Defence and Para Military forces with Viability Gap Funding (VGF) under Batch-IV of Phase-II/III of National Solar Mission.
(IV). Implementation of scheme for setting up of 1000 MW of Grid- Connected Solar PV Power Projects by CPSUs with VGF under Batch-V of Phase-II of JNNSM.
(V). Implementation of Scheme for Setting up of 15000 MW of Grid connected Solar PV Power Projects under Batch II of Phase II of National Solar Mission (by NTPC/NVVN)
(VI). Setting up of 2000 MW Grid connected solar power with VGF through Solar Energy Corporation of India (SECI)
(VII) . Development of Solar Cities Programme.
(VIII). Scheme for Development of Solar Zones in the country.
Punj Lloyd wins Haldia Refinery EPCC Package from IOC
Diversified global conglomerate, Punj Lloyd has announced receiving a lump-sum turnkey contract for the EPCC Package 2 at Haldia Refinery, West Bengal from Indian Oil Corporation Ltd (IOCL) for a value of Rs 1094 crore.
The scope of work for the project involves the Residual Process Design, Detailed Engineering including HAZOP study, engineering, procurement, construction and commissioning of the Sulphur Block comprising the Sulphur Refinery Unit (SRU), Amine Regeneration Unit (ARU), the Sou...
L&T Bags 1700 Cr. International EPC Order for 400 MW Gas Based Power Plant in Bangladesh
Larsen & Toubro (L&T) has received an order valued at around 1700 Crores from Marubeni Corporation, Japan, for setting up the Bibiyana III 400 MW Combined Cycle Power Plant Project of Bangladesh Power Development Board (BPDB).
BPDB awarded the EPC contract for setting up the 400 MW gas based power plant project to Marubeni Corporation of Japan, which in turn awarded the EPC sub-contract to L&T on turnkey basis. This plant will be located at Nabiganj Upzila in H...
IOC Planning Petrochemical Plant in Iran
As per the reports in the media, Indian Oil Corp. (IOC) is planning to build USD 3 billion petrochemicals plant in Iran which will have access to cheap natural gas as its feedstock.
India is planning investments in energy infrastructure in Iran. This includes ports and upstream gas production.
IOC is looking at petrochemicals to drive growth. The company is planning an investment of around USD 4.5 billion in coming years to expand its business.