Factor

India goes green, set to generate 40% of electricity from non-fossil fuels

13 October 2016 | Mitigation

India signed the Paris Agreement on climate change on Sunday. Now committed to 40% of electricity generation from non-fossil fuels by 2030.

India makes a commitment on climate change

India has ratified the Paris Agreement on climate change to take action to stem the earth’s rising temperatures. India accounts for about 4.5% of global greenhouse gas emissions and became the 62nd country to ratify the agreement.

PRAGATI project review meetings by Prime Minister are a big hit with state officials. Being on vc with PM is a huge motivation to perform.

PM’s involvement gives a boost to PRAGATI

The Pro-Active Governance and Timely Implementation (PRAGATI) mechanism which was rolled out last March has pushed through 136 projects valued at R8 lakh crore. PM Modi’s personal involvement has ensured that even state governments are complying with deadlines set for projects.

Fresh winds of pragmatism blowing thru RBI. NPAs will continue to be dealt with firmly – but not so as to choke off genuine credit needs.

RBI Guv on 4 stages of NPAs – identifn, recording, reporting, resolution. Says 1st 3 done satisfactorily; but 4th requires work. Bang on!

RBI Governor’s statement sparks hope

RBI Governor Urjit Patel’s stance on stressed assets has sparked hopes of a fresh new approach to dealing with the issue of non-performing assets. Patel pointed out that investment in five important sectors—infrastructure, steel, textile, power and telecom—contributed to 61% of stressed assets and tackling them will require creativity.

Quiet but decisive action seems to be happening on piped cooking gas front. Indian Oil now to lay 2000 km pipeline frm Kandla to Gorakhpur.

IOCL’s gas pipeline plans

In order to meet the growing demand for cooking gas, IOCL has plans to set up a 2,000-km LPG pipeline at an estimated cost of R5,000 crore. The proposed pipeline will deliver LPG to bottling plants at Ahmedabad, Ujjain, Bhopal, Kanpur, Allahabad, Varanasi, Lucknow and Gorakhpur.

Rlys takes decisive steps to reduce energy costs. After ‘deemed licencee’ status for buying elec directly, it will now import diesel.

Staying on track to cut energy costs

Indian Railways plans to import 500,000 tonnes of crude oil directly in a bid to slash its fuel bill. By importing diesel, it hopes to save R1,500 crore per annum.

Power Ministry appears quite upset about state utilities not picking up renewables load; mulls stricter penalties on RPO non-fulfillment.

Power ministry gets tough on RPO targets

Strict fines are to be imposed if state utilities do not meet their Renewable Purchase Obligation (RPO) targets. Recently, the Uttarakhand Electricity Regulation Commission (UERC) slapped a fine of R1.20 lakh on five UPCL officials including its managing director for not meeting the RPO target.

NHAI forays into urban transportation. Reported that Urban Min has given green signal to NHAI to implement Metrino pod taxi project on NH8.

Metrino to be fast-tracked under NHAI

The R800 crore Personal Rapid Transit project, or Metrino, is all set to be fast-tracked under the NHAI. Four global firms have qualified in the initial bids and the government will soon invite financial bids for the project that will allow passengers to travel in driverless pods suspended on a ropeway.

Small change: NHAI has finally announced policy to round-off toll charges to eliminate waiting period to settle small change. Thank you.

Commuters rejoice!

In a bid to offer commuters hassle free travel, the Union road transport and highways ministry has approved a provision to round off toll fees to the nearest multiple of five. The move will go a long way in cutting down long queues at toll gates.

 

 

Sources: The Financial Express