Inter-ministerial consultations underway for Indias Hydrogen Policy Rajnath Ram energy advisor NITI Aayog

Inter-ministerial consultations underway for Indias Hydrogen Policy Rajnath Ram energy advisor NITI Aayog

Last Updated: January 03, 2022

New Delhi: NITI Aayog’s Energy Advisor, Rajnath Ram discusses the think-tank’s green hydrogen plans, the status of India’s hydrogen policy, and the country’s renewable energy target in an exclusive interview with ETEnergyWorld. Edited excerpts:

What are the new policies NITI Aayog is currently working on in the renewable energy and green hydrogen space?

We deal with power, petroleum and natural gas, even atomic power. We are in the process of launching the India Climate and Energy Modeling Forum. It is an India-led platform where all the research agencies, think tanks, and the modelers are engaged. It has a two-tier structure with the steering committee and the inter-ministerial committee to provide the guidance and contemporary issues are currently being discussed. We are taking up the exercise for detailed modeling and study. The idea was to create a taskforce to look at several issues — low carbon pathways, decarbonisation etc. We also try to ensure some funding for such projects.

The deliberations from this forum will lead to policy formulation. We have also involved the respective ministries to be party to this because ultimately the study has to be integrated with policymaking. We are expanding the scope of this forum to integrate climate and economy in it as well. So, a detailed modeling exercise will be carried out to achieve the COP26 and the net zero targets. The policy coming out as a result of this forum will provide a broad energy vision for the country. The forum will give its report in 3-5 months. We will be piloting it and will then submit it to the respective ministries for their final comments.

What is the status of India’s plan to launch a Hydrogen policy? How far have the stakeholder consultations proceeded?

It is already under discussion, stakeholder consultation has happened, and inputs have been taken from the stakeholders. Inter-ministerial consultations are underway.

Do you think as a country we’re doing the right things to ensure that we reach a hydrogen cost of less than $1 per kg by 2030. Do you think it is possible?

It can be possible. An electrolyzer manufacturing company based at Bengaluru has already announced that they will achieve $1 per kg of green hydrogen production by 2025. It is achievable.

Talking of clean fuel and solar, the solar rooftop segment hasn’t really performed the way it was expected to be. We are missing the targets there. What could be the reasons?

I think there is a huge potential in the solar rooftops, but there are some issues such as the subsidy component which has not been provided to the standalone solar rooftops. As of now, only grid-interactive rooftop projects have been provided with the subsidy of 40 per cent but not the standalone ones. Also, we need support for energy storage.

The residential sector has been a laggard and major installation has been done by the industry and the commercial sector. Getting loans from banks is also an issue for residential customers as the banks ask for large collateral whereas the commercial industry, having good balance, get loans easily.

There is a view that the new target of 450 gigawatts of renewable energy by 2030 will not be enough to meet India’s clean energy requirement based on the projected growth in consumption. What is your view?

That is true. But, there are some other aspects too. One, India’s per capita energy consumption is one-third of global average. So, we have to think at what factor the energy consumption needs to grow. The other important aspect of it is that even if you are adding this much capacity where you are going to consume it? Entire renewable generation, because of its nature, has to be integrated in the grid. For that integration we need extra storage capacity and infrastructure. To achieve this 500 GW, we have to think of the decentralised mode of energy

.We should also think of green hydrogen in this. If sufficient demand is created for hydrogen and if India can look for an export market India can achieve the 500 GW target because green hydrogen has that kind of potential. Green hydrogen can easily cater to about 200 GW of this 500 GW RE target. If we are able to export green ammonia we can tap some of the markets like in Asia. By 2030, it is expected that about 300-odd million tonnes per annum demand would be there for green ammonia. So India can cater to this market and once the export potential is increased, India can quickly ramp up its renewable capacity.

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IndusInd Bank launches Green Fixed Deposits

IndusInd Bank launches Green Fixed Deposits

Last Updated: 28 December 2021

IndusInd Bank launches ‘Green’ Fixed Deposits

    • Deposit proceeds to be utilized towards financing of projects/firms focused on UN Sustainable Development Goals
    • Available for both retail and corporate customers
    • Interest rates amongst the best in the industry


Mumbai, 28 December, 2021: IndusInd Bank has announced the launch of ‘Green Fixed Deposits’ where the deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals (SDGs). IndusInd Bank is amongst few banks globally, to bring forth this proposition, thereby integrating SDG into a regular fixed deposit product.

These deposits, shall be offered to both retail and corporate customers. The Bank, will use the proceeds from these deposits to finance a wide array of sectors falling under the SDG category including, energy efficiency, renewable energy, green transport, sustainable food, agriculture, forestry, waste management, and greenhouse gas reduction.

Speaking about the launch, Ms. Roopa Satish, Head – CSR and Sustainable Banking, IndusInd Bank said, “At IndusInd Bank, sustainable banking has always been a critical area of focus. We are the only bank in India to secure ‘band A’ in the Carbon Disclosure Project and we have maintained our leadership capability over the last 5 years. We are now delighted to bring forth Green deposits that provide our customers with an opportunity to contribute towards building a cleaner and better society. We encourage both corporate and retail depositors to avail this opportunity. The interest on Green deposit remains attractive with an additional benefit of 50 basis point for senior citizens. In all ways, it is similar to a regular bank deposit but in addition, depositors will be issued a ‘Green’ certificate as well as an ‘Assurance’ certificate confirming the end use of deposit proceeds at the end of the financial year.”

The launch of ‘Green’ deposits’ is part of IndusInd Bank’s larger commitment of creating value for all its stakeholders, and remaining focused at driving sustainable economic growth of the country.

To know more about Green Fixed Deposits, please click on the following link

About IndusInd Bank

IndusInd Bank, which commenced operations in 1994, caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on September 30, 2021, IndusInd Bank has 2,015 Branches/Banking Outlets and 2,886 ATMs spread across 760 geographical locations of the country. The Bank also has representative offices in London, Dubai and Abu Dhabi. The Bank believes in driving its business through technology. It enjoys clearing bank status for both major stock exchanges – BSE and NSE – and major commodity exchanges in the country, including MCX, NCDEX and NMCE. IndusInd Bank was included in the NIFTY 50 benchmark index on April 1, 2013.

Domestic Rating(s):

  • CRISIL AA + for Infra Bonds program/Tier II Bonds
  • CRISIL AA for Additional Tier I Bonds program
  • CRISIL A1+ for certificate of deposit program/short term FD programme
  • IND AA+ for Senior bonds program/Tier II Bonds by India Ratings and Research
  • IND AA for Additional Tier I Bonds program by India Ratings and Research
  • IND A1+ for Short Term Debt Instruments by India Ratings and Research

Visit us at

Twitter- @MyIndusIndBank

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For more details on this release, please contact:

Anu Raj

IndusInd Bank Ltd.

Unnati Joshi

Adfactors PR Pvt. Ltd.

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Delhi Increases Additional Surcharge for Open Access Power Consumers

Delhi Increases Additional Surcharge for Open Access Power Consumers

Last Updated: 29 December 2021

The Delhi Electricity Regulatory Commission (DERC) has set the additional surcharge payable by open-access power consumers under the jurisdiction of three distribution licensees. Based on the projections mentioned in the tariff order, the average fixed cost per unit from October to April is considered the additional surcharge.

The additional surcharge for May to September is 50% of the average fixed cost per unit.

The order issued by the Commission has been named as ‘Open Access Charges and Related Matters (Fifth Amendment) Order, 2021.’

Earlier, DERC had issued the tariff order for the financial year 2021-22 for Tata Power Delhi Distribution Limited (TPDDL), BSES Rajdhani Private Limited (BRPL), and BSES Yamuna Power Limited (BYPL), revising the power purchase cost.

The order will apply from the issue date and remain in force until revised.

According to the new order, the additional surcharge for TPDDL has been set at ₹1.89 (~$0.025)/kWh (for October to April) and ₹0.95 (~$0.013)/kWh (for May to September). This is an 8% increase compared to the surcharge announced in the previous amendment in 2019. As per the third amendment in 2019, the additional surcharge for TPDDL was ₹1.76 (~$0.024)/kWh (for October to April) and ₹0.88 (~$0.012)/kWh (for May to September).

For BRPL, the surcharge is ₹1.71 (~$0.023)/kWh (for October to April) and ₹0.85 (~$0.011)/kWh (for May to September), a 17% hike from the earlier ₹1.46 (~$0.019)/kWh (for October to April) and ₹0.73 (~$0.009)/kWh (for May to September).

The additional surcharge for BYPL is ₹1.33 (~$0.018)/kWh (for October to April) and ₹0.66 (~$0.009)/kWh (for May to September), 3% higher from ₹1.29 (~$0.017)/kWh (for October to April) and ₹0.645 (~$0.008)/kWh (for May to September), announced in 2019.

Distribution companies (DISCOMs) generally have surplus power during all months of the year. However, based on actual demand and availability, additional power must be purchased during some time blocks. From May to September, such additional power purchased is higher than in other months. As the allocation of power purchase is not linked with the tariff category of consumers, all the existing consumers of the DISCOMs bear the average fixed cost of power purchase. Consumers opting for open access have to bear the liability corresponding to the average fixed cost. So, the Commission has determined additional surcharge as the average fixed cost per unit for respective DISCOMs based on the projections given in the Tariff Order for the months from October-April. The additional surcharge from May to September has been maintained at 50% of the average fixed cost per unit.

In August this year, DERC announced the ‘Renewable Purchase Obligation and Renewable Energy Certificate Framework Implementation Regulations, 2021.’ The regulations became effective from April 13, 2021. The rules govern obligated entities mandated to fulfill their renewable purchase obligation (RPO), including distribution licensees, captive users, open access consumers, or any other entity in Delhi.

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Alcoa signs renewable energy deals for Spanish plant

Alcoa signs renewable energy deals for Spanish plant

Last Updated: December 31, 2021

Alcoa also signed a separate 10-year agreement with Galician power producer Greenalia on Monday for up to 2,297 gigawatt-hours per year.

Alcoa has lined up long-term energy contracts with two renewables companies to supply an aluminium plant in northwestern Spain that it has mothballed for two years amid soaring power prices.

When the San Ciprian plant in the northwestern Galicia region reopens in 2024, Madrid-based Capital Energy will provide 876 gigawatt-hours per year of renewable energy for 10 years at a stable tariff, Capital said on Thursday. That equates to around a quarter of the plant’s total requirements, it added. Neither company disclosed the rates agreed in the contract.

Alcoa also signed a separate 10-year agreement with Galician power producer Greenalia on Monday for up to 2,297 gigawatt-hours per year.

The U.S. metals producer agreed with workers to halt primary aluminium production at San Ciprian on Tuesday and said it would use the downtime to reinvest in the plant and renegotiate its energy contracts.

It has complained for years that steep energy prices in Spain have made the plant uncompetitive, a situation that has worsened rapidly over the past six months as European power prices soared to record highs.

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Making solar cells efficient cheaper recyclable IIT-Guwahati finds a way

Making solar cells efficient cheaper recyclable IIT-Guwahati finds a way

Last Updated: 30 December 2021

Scientists from the Indian Institute of Technology, Guwahati, have found a way to make solar cells panels more efficient, cheaper and recyclable — by stabilising hybrid perovskite-based solar or photovoltaic devices to produce electricity.

Perovskite-based devices are considered heavily used semiconductor materials as they are affordable and easy to manufacture.

“The perovskite materials are extremely unstable towards ambient (humidity and oxygen) conditions that restrict their commercialisation,” the statement by IIT-Guwahati said.

The paper stated: “Developing large-scale perovskite solar cells requires high-quality defect-free perovskite films with improved surface coverage. One of the most convenient ways to achieve this is through the incorporation of appropriate passivation molecules in the perovskite films.”

The study was published in the American Chemical Society journal Chemistry of Materials. The research team was led by Parameswar K Iyer, Department of Chemistry and Centre for Nanotechnology and School for Health Science and Technology, IIT Guwahati.

Iyer said:

“The most convenient way to harness the maximum potential of the perovskite active layer is to use a coating of an appropriate material so that it becomes ‘stable’ or less readily affected by the environment, in this case humidity and oxygen. The team managed to study the effect of a newly created polyelectrolyte (polymer with positive or negative charge) in increasing the stability of the perovskite films.”

The research results on perovskite solar cells appeared first in 2009. Though it is just over a decade old, it is challenging the efficiency and performance of inorganic solar cells, which is 6-7 decades old. “Now, notable progress is being made in terms of stability of these devices,” he added.

He added that various government agencies in India, such as the Department of Science and Technology and NITI AAYOG, have initiated major research and development schemes to push research in perovskite solar cells so that renewable energy which is economical is accessible to the masses in the near future after learning about their breakthrough.

The newly developed version of the perovskite solar panels is yet in a proto-type form.

Cells also recyclable

While solar energy is the future, WEEE (Waste Electrical and Electronic Equipment) is a growing problem.

The International Renewable Energy Agency (IRENA) in a report published December 2021 estimated the global PV waste will touch 78 million tonnes by 2050, with India being one of the top five PV waste creators.

“Recycling of any semiconductor, including the installed solar panels, is challenging. There is no definite plan to recycle this waste generated from solar panels so far. After 10-15 years, this waste will also pose a threat to the world,” he said.

India’s cumulative PV waste can go as high as 34,600 tonnes by 2030, according to a report prepared by the National Solar Energy Federation of India, SolarPower Europe and PVCycle, supported by EU in India and the Ministry of New and Renewable Energy

”All components used in the hybrid perovskite-based solar panels can be recycled easily: Each one of them is soluble in a particular solvent and a fresh set of perovskite solar cells can be again fabricated on the recycled substrates,” Iyer said.

These devices can be manufactured at room temperature, making them cost-effective and more eco-friendly.

“We strongly believe that the processing cost will be at least one-tenth of the current solar panels, and with the larger production units, the cost can be further reduced,” he said.

Shreyas Garg, Programme Associate, CEEW Centre for Energy Finance said thinking recyclable perovskite cells will completely solve the PV waste problem is too far-fetched.

“Recycling perovskite cells is essential as most current structures contain lead, a toxic material. Researchers have found that effective recycling can significantly reduce energy consumption in the panel production process. However, it is unlikely that a shift to perovskite cells will lead to a decrease in solar waste generation. A bulk of the panel’s weight comes from glass and the aluminium frame,” he said.

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Renewables power November all-India electricity generation

Renewables power November all-India electricity generation

Last Updated: January 02, 2022

New Delhi: All-India power production increased marginally in November 2021 supported by an increase in generation from renewable sources, said India Ratings and Research (Ind-Ra).

Accordingly, the total all-India generation increased marginally by 2 per cent to 99.4BU (billion units) in November 2021.

“The overall increase in a generation was, however, supported by a 16.4 per cent YoY increase in the generation from renewable sources and a 16 per cent YoY rise in generation from hydropower sources,” Ind-Ra said.

“Whereas, the generation from coal-based thermal power plants reduced by 0.3 per cent YoY.

“Besides, the report said the all-India energy demand increased just 1.7 per cent YoY to 99.6 BU in November 2021, after growing 12 per cent YoY in 7MFY22.

“The slowdown in the improvement was led by the onset of the winter season, impacting the demand from the northern region and southern region.”

“The reduction in the energy demand in November 2021 is also attributable to lower generation, as reflected in an increase in the power outages at thermal power plants due to coal shortages.

“Additionally, it said that all-India energy demand for the first 25 days of December improved 3.5 per cent YoY to 88.7BU.

In addition, the agency cited an improvement in domestic coal production which has led to a rise in coal inventory levels.

Consequently, the number of thermal power plants with critical or subcritical levels of coal stock as per technical criteria has improved to 59 as on November 30, 2021.

The coal production cumulatively by Coal India and the Singareni Collieries Company increased to 5 per cent YoY to 59.4mt, owing to the improved all-India power demand.

“The same led to an 11 per cent YoY improvement in the coal offtake to 56.8mt and the coal inventory at thermal power stations declined 53.2 per cent YoY to 17.5mt in November 2021.”

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