NOVEMBER 20239TOP STORIESPOWER MINISTRY UNVEILS RULES FOR STANDARD RENEWABLE ENERGY RATESThe Ministry of Power in India has introduced the Electricity (Amendment) Rules 2022. These rules are designed to establish a consistent and fair pricing system for renewable energy in various sectors, including Solar Power and Wind Power, among others, with the primary goal of promoting investment and development in the sector.Under these rules, a designated 'Implementing Agency' will be responsible for calculating a monthly "uniform renewable energy tariff" for different central pools, such as Solar Power, Wind Power, and Hydro Power. This tariff represents the rate at which intermediary procurers sell power from these central pools to end procurers. The term 'Implementing Agency' refers to the Central Agency appointed by the Central Government to implement the uniform renewable energy tariff for the central pool. Grid-India was chosen as the Implementing Agency in March 2023.These rules establish distinct central pools for various renewable energy sources, including Solar Power, Wind Power, Hydro Power, solar wind Hybrid, Round Clock Power, Peaking Power, and other pools specified by the Central Government. The Central Government defines these sources, and the creation of multiple central pools may depend on technology and generation mix, as determined by the Central Government. NTPC & EIL JOIN FORCES FOR CLEAN ENERGY INNOVATION IN INDIAIn a significant step toward advancing clean energy solutions, NTPC Ltd., India's largest integrated power utility, has recently entered into a Memorandum of Agreement (MoA) with Engineers India Limited (EIL). This strategic partnership enables NTPC's Research and Development center, NETRA, to engage in collaborative projects spanning various areas, including Carbon Capture Utilization & Storage (CCUS), Green Fuel, Green Chemicals like Green Hydrogen and Green Ammonia, Green Fertilizers, Bio-Fuels, Decarbonization, Waste Handling, Water and Ash management, and more. These collective efforts contribute to India's transition to clean energy.The MoA was officially signed by Shri U K Bhattacharya, Director (Projects) of NTPC Ltd., and Shri Atul Gupta, Director (Commercial) of EIL. This significant event was attended by esteemed dignitaries, including Shri Jaikumar Srinivasan, Director (Finance) of NTPC, Shri Rajiv Agarwal, Director (Technical) of EIL, and other senior officials from both NTPC and EIL.
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