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EQ-Magazine-Oct18-Edition.Pdf VOLUME 10 Issue # 10 43 INTERNATIONAL OWNER : FirstSource Energy India Private Limited PLACE OF PUBLICATION : 95-C, Sampat Farms, 7th Cross BUSINESS & FINANCE Road, Bicholi Mardana Distt-Indore 452016, Madhya Pradesh, INDIA Macquarie eyeing Goldman Sachs’ ReNew Power stake Tel. + 91 96441 22268 www.EQMagPro.com EDITOR & CEO : ANAND GUPTA [email protected] 33 PUBLISHER : ANAND GUPTA PRINTER : ANAND GUPTA TRENDS & ANALYSIS SAUMYA BANSAL GUPTA [email protected] PUBLISHING COMPANY DIRECTORS: ANIL GUPTA ELECTRIC VEHICLES ANITA GUPTA GAIL to set up battery char ging stations for e-vehicles CONSULTING EDITOR : SURENDRA BAJPAI HEAD-SALES & MARKETING : GOURAV GARG [email protected] Sr. CREATIVE DESIGNER ANAND VAIDYA [email protected] 18 27 GRAPHIC DESIGNER : RATNESH JOSHI TECHNOLOGY TECHNOLOGY SUBSCRIPTIONS : No.1 in India, Huawei Unveils DuPont Photovoltaic Solutions GAZALA KHAN CONTENT the Leading Solutions... to Highlight Latest... [email protected] Disclaimer,Limitations of Liability While every efforts has been made to ensure the high quality and accuracy of EQ international and all our authors research articles with the greatest of care and attention ,we make no warranty concerning its content,and the magazine is provided on an>> as is <<basis.EQ international contains advertising and third –party contents.EQ International is not liable for any third- party content or error,omission or inaccuracy in any advertising material ,nor is it responsible for the availability of external web sites or their contents The data and information presented in this magazine is provided for informational purpose only.neither EQ INTERNATINAL ,Its affiliates,Information providers nor content providers shall have any liability for investment decisions based up on or the results obtained from the information provided. Nothing contained in this magazine should be construed as a recommendation to buy or sale any securities. The facts and opinions stated in this magazine do not constitute an offer on the part of EQ International for the sale or purchase of any securities, nor any such offer intended or implied Restriction on use 08 12 The material in this magazine is protected by international copyright and trademark laws. You may not modify,copy,reproduce,republish,post,transmit, or distribute any part of the magazine in any way.you may only use material for INDIA INDIA your personall,Non-Commercial use, provided you keep intact all copyright and other proprietary notices.If you want to use material for any non-personel,non Spot power tariff climbs to Firms of Australia, Japan commercial purpose,you need written permission from EQ International. 9-year high of Rs 14.25 at IEX keen to invest in India’s solar sector : Prabhu 6 EQ October 2018 www.EQMagPro.com 54 58 SOLAR PROJECTS SOLAR PROJECTS Plan afoot to install floating solar panels in dams Blockchain in Power Generation, Transmission in Maharashtra and Distribution 28 30 POWER GENERATION ELECTRIC VEHICLES ELECTRIC VEHICLES Global Renewable Energy Government to announce electric EESL hands over first set of Trends GAIL to set up battery char ging stations for e-vehicles vehicles policy soon... Electric Vehicles to PWD... 64 TECHNOLOGY TECHNOLOGY DuPont Photovoltaic Solutions Vikram Solar Commissions GCL-SI Becomes First For- to Highlight Latest... 24 1461 kW Rooftop Solar 26 eign Company to... POWER GENERATION Electricity demand grows 7.4 62 pc in July, thermal PLF lower: ICRA EQ NEWS 14 11 Pg. 07-37 INDIA INDIA PRODUCTS Malaysia takes India to WTO’s safe- BSE seeks licence to set up new guard committee on solar duty power exchange Pg. 74-77 www.EQMagPro.com EQ October 2018 7 JINKOSOLAR (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversi- fied international utility, commercial and residential customer base in Chi- na, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and re- gions. JinkoSolar has over 12,000 em- ployees across its 8 productions facili- ties globally, 16 oversea subsidiaries. 8 EQ October 2018 www.EQMagPro.com 伀一䔀 圀伀刀䰀䐀⸀ 伀一䔀 匀唀一⸀ 伀一䔀 䜀刀䤀䐀⸀ 䜀漀氀搀椀 匀漀氀愀爀 攀砀琀攀渀搀猀 眀栀漀氀攀栀攀愀爀琀攀搀 猀甀瀀瀀漀爀琀 琀漀 伀甀爀 倀爀椀洀攀 䴀椀渀椀猀琀攀爀 匀栀爀椀 一愀爀攀渀搀爀愀 䴀漀搀椀ᤠ猀 攀û漀爀琀猀 琀漀 攀洀戀爀愀挀攀 琀栀攀 眀漀爀氀搀⸀ 䐀 吀 䰀 吀 嘀 倀 刀 䄀 䰀 伀 匀 䨀琀洀琀眀∀琀椀䨀琀 昀眀砀眀戀挀琀昀戀琀 䤀 䐀 䰀 伀 䜀 圀攀 挀漀洀洀椀琀 漀甀爀猀攀氀瘀攀猀 琀漀 栀椀猀 瘀椀猀椀漀渀⸀ 㠀 ㄀ ㈀ ꤀ 䜀漀氀搀椀 匀漀氀愀爀 倀瘀琀 䰀琀搀 ⠀䘀漀爀洀攀爀氀礀 䜀漀氀搀椀 䜀爀攀攀渀 吀攀挀栀渀漀氀漀最椀攀猀 倀瘀琀 䰀琀搀⤀ 吀漀氀氀 䘀爀攀攀㨀 ㄀㠀 㠀㌀㌀ 㔀㔀㄀㄀ 吀攀氀㨀 ⬀㤀㄀ ㈀㘀㄀ 㜀㄀ 㤀㤀㤀 㤀㤀 www.EQMagPro.com 椀渀昀漀䀀最漀氀搀椀⸀漀渀攀 眀眀EQ眀⸀最 漀October氀搀椀⸀漀渀攀 2018 ⌀䜀漀9氀 搀椀匀漀氀愀爀 INDIA CLEAN ENERGY BIDS WITH HIGH TARIFFS WILL BE CANCELLED: RK SINGH The government will cancel clean energy auctions if the tariffs discovered through competitive bidding are found unreasonable, minister for power and renewable energy RK Singh said, signalling a tough stand against any apparent malpractice in bidding. esponding to questions on a recent cancellation of bids received for TAIWAN TAKES INDIA TO WTO’s sAFE- 2,400-MW solar projects, Singh said his ministry is keeping a watch on global trends that influence clean GUARD COMMITTEE ON SOLAR DUTY energy tariffs and hence the ministry in its right can exercise its discretion India had imposed safeguard duty of up to 25 per cent on solar cells to define the maximum permissible imports from China and Malaysia for two years to protect domestic play- R tariffs for solar bids. ers from steep rise in inbound shipments. aiwan has sought consultations with India under the WTO’s safeguard agreement against New Delhi’s decision to impose import duty on solar cells, the global trade “I am here to protect the body said. The consultations, however, people’s interest. We do not fall under WTO’s dispute settle- will accept bids which ment system. India had imposed safe- are reasonable. If I come guard duty of up to 25 per cent on solar across any bids which are T cells imports from China and Malaysia excessive, we will cancel for two years to protect domestic players it,” R K Singh said. from steep rise in inbound shipments. Taiwan says it has a substantial interest as an exporter of the product. Recently, the power minister wrote to the finance minis- The objective of the consultation is to “ex- try alleging a cartelisation attempt by SoftBank-backed SB change views on the proposed measures and Energy to jack up tariffs in a 3,000-MW solar tender floated reaching an understanding on ways to achieve by the Solar Energy Corporation of India (SECI), which the objectives” set out in an article of the WTO stood partly cancelled after the price bids were submitted Agreement on Safeguards, the WTO said in a by developers. SoftBank firmly denied the allegation and communication. Taiwan seeks to hold consul- said it always abides by the law and acts ethically. Officials, tations “as soon as possible and looks forward however, said bids were rejected only because of high to India’s positive response to this request,” prices. “There is no allegation of any kind. “We found certain bids to be unacceptable and we did According to an expert, seeking consulta- not accept the bids, (on the ground that) the price was high,” tions under the safeguard agreement is a way Anand Kumar, secretary, Ministry of New and Renewable to inform other countries that they are not Energy, said while addressing a press conference ahead of fulfilling their commitments under the WTO its flagship renewable energy event RE-Invest and the first rules. Solar cells — electrical devices that general assembly of International Solar Alliance next week. convert sunlight directly into electricity — are The government and the private sector have recently imported primarily from China, Malaysia, Sin- been at odds following the former’s decision to cap solar gapore and Taiwan. Imports of solar cells from tariffs at Rs 2.5 per unit for solar auctions conducted by Malaysia and China account for more than 90 SECI, with a margin of 18 paise if safeguard duty is being per cent of the total inbound shipments in the factored in. country. www.EQMagPro.com EQ October 2018 11 INDIA IMPOSE 50% OF SOLAR TARIFF AS PENALTY FOR NOT BUYING POWER: DEVELOPERS TO MNRE At a meeting of stakeholders called by the Ministry of New and Renew- able Energy, solar power developers proposed that discoms should be penalised 50 percent of the agreed tariff for the part of renewable energy that they refuse to use. t a meeting of stakeholders called by the Ministry of New and Renewable Energy (MNRE), solar power develop- ers proposed that discoms should be penalised 50 percent of the agreed tariff SPOT POWER TARIFF CLIMBS TO for the part of renewable energy that they refuse to use. The ministry had called the meeting of renewable energy 9-YEAR HIGH OF RS 14.25 AT IEX projectA developers, bankers and financial institutions and other officials to deliberate on difficulties being faced by the Spot power price touched over nine-year high of Rs 14.25 per unit in investors in view of India’s ambitious target of having 175 the day ahead market (DAM) on Indian Energy Exchange for supply on GW of clean energy capacities by 2022. Thursday, mainly on account of higher demand. “There has been back down of operational solar plants by discoms. The ministry is thinking to impose penalties on discoms to pay 50 percent tariff for units not purchased,” the "Spot power price for supply on Thurs- sources said. day touched over 9-year high of Rs 14.25 The renewable energy project evelopers are facing issues per unit in trading at Indian Energy related to financing of their projects.
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