India & China Will Survive, World Economy On A Way Into Recession

As the world fighting with coronavirus, global agency started predicting the economics's stats during surviving from epidemic, two-thirds of the world's population living in developing countries facing unprecedented economic damage from the COVID-19 crisis, the united nations is calling for a USD 2.5 trillion rescue package for these nations.

During the war with epidemic, world largest forums of countries United Nations's forecast "only India and China will survive and the rest of the whole world economy will go into the recession". 

2020-21 with a predicted loss of trillions of dollars of global income due to the coronavirus pandemic, spelling serious trouble for developing countries with the likely exception of India and China as stated in trade report by United Nations.

Stated in the United Nations Conference on Trade and Development, the UN trade and development body titled ‘The COVID-19 aghast to developing countries: towards a ‘whatever it takes’ programme for the two-thirds of the world’s population being left behind’, commodity-rich exporting countries will face a USD 2 trillion to USD 3 trillion drop in investments from globally in the upcoming two years.

The United Nations Conference on Trade and Development (UNCTAD) said that in these days, advanced economies and China have put together massive government packages which, according to the Group of 20 leading economies (G20), will extend a USD 5 trillion lifeline to their economies.

“This represents an unprecedented response to an unprecedented crisis, which will attenuate the extent of the shock physically, economically and psychologically,” it said. It added that while the full details of these stimulus packages are yet to be unpacked, an initial assessment by the UNCTAD estimates that they will translate to a USD 1 trillion to USD 2 trillion injection of demand into the major G20 economies and a two percentage point turnaround in global output.

Further, given the deteriorating global conditions, fiscal and foreign exchange constraints are bound to tighten further over the course of the year. The UNCTAD estimates a financing gap facing developing countries over the next two years. In the face of a looming financial tsunami this year, the UNCTAD proposes a four-pronged strategy that could begin to translate expressions of international solidarity into concrete action.

This includes a USD 1 trillion liquidity injection for those being left behind through reallocating existing special drawing rights at the International Monetary Fund; a debt jubilee for distressed economies under which another one trillion dollars of debts owed by developing countries should be cancelled this year and a 500 billion dollars Marshall Plan for a health recovery funded from some of the missing official development assistance (ODA) long promised but not delivered by development partners. The speed at which the economic shockwaves from the pandemic has hit developing countries is dramatic, even in comparison to the 2008 global financial crisis, the UNCTAD said.

“The economic fallout from the aghast is ongoing and increasingly difficult to predict, but there are clear indications that things will get much worse for developing economies before they get better,” UNCTAD Secretary-General Mukhisa Kituyi said. The report shows that in two months since the virus began spreading beyond China, developing countries have taken an enormous hit in terms of capital outflows, growing bond spreads, currency depreciations and lost export earnings, including from falling commodity prices and declining tourist revenues.

Inadequate the monetary, fiscal and administrative capacity to respond to this crisis, the consequences of a combined health pandemic and a global recession will be catastrophic for many developing countries and halt their progress towards the Sustainable Development Goals. Even as advanced economies are discovering the challenges of dealing with a growing informal workforce, this remains the norm for developing countries, amplifying their difficulties in responding to the crisis.

“Advanced economies have promised to do ‘whatever it takes’ to stop their firms and households from taking a heavy loss of income,” said Richard Kozul-Wright, UNCTAD’s director of globalisation and development strategies. He added: “But if G20 leaders are to stick to their commitment of ‘a global response in the spirit of solidarity’, there must be commensurate action for the six billion people living outside the core G20 economies”. According to reports, the death toll from the coronavirus pandemic has soared past 35,000 while the number of confirmed cases topped 750,000 globally.

Be aware from this epidemic keep maintain social distancing, stay home....stay healthy.

(Source: Assorted with FE on 31st March 2020)

NTPC Floats Tender for 50 MW of Solar Projects in Jharkhand

The last date for the submission of bids is March 30, 2020

The NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of the National Thermal Power Corporation (NTPC), has invited bids for 50 MW (AC) of grid-connected solar PV projects at Panchet in Jharkhand.

The scope of work includes the design, engineering, manufacturing, supply, erection, testing, and commissioning of 50 MW of solar PV projects on approximately 290 acres of land at Panchet in the state of Jharkhand. It also includes the operation and maintenance of the solar PV project infrastructure for 25 years.

The last date for the submission of bids is March 30, 2020, and the last date for the receipt of queries of clarification from prospective bidders is March 21, 2020.

Interested bidders will have to submit an amount of ₹25 million (~$337,646) as the bid security amount before the date and time for online bid submission.

To take part in the bidding process, the bidder should have an electrical contractor’s license from any state or union territory of India and should submit an undertaking along with the techno-commercial bid.

Regarding the financial criteria, the average turnover of the bidder should not be less than ₹2 billion (~$27.01 million) during the preceding three years as on the last date of the submission of bids.

To participate in the offering procedure, the bidder ought to have an electrical temporary worker's permit from any state or association region of India and ought to present an endeavor alongside the techno-business offer. 

Recently, the Ministry of New and Renewable Energy  designated NTPC as the renewable energy implementing agency to facilitate the application of connectivity and long-term access in the inter-state transmission system network. The agency can act as a facilitator for those projects which are based on standalone storage sources of installed capacity of 50 MW or above.


In November last year, NVVN had floated a tender for 7.2 MW of grid-connected rooftop solar photovoltaic (PV) projects in the Mandideep area, around 25 km from Bhopal, Madhya Pradesh’s capital city.

(Source: Assorted with NTPC on 18th March 2020)

India prone to require energy stockpiling limit of 2,400 Gigawatt Hour by 2032

Making of a giga-scale battery producing biological system on quick track could solidify India's chance for radical monetary and modern change.

India is likely to require Energy Storage Systems (ESS) of over 2,400 Giga Watt Hour (Gwh) capacity to cater to the needs of all the major sectors of the economy, according to India Smart Grid Forum (ISGF), a public private partnership under the aegis of power ministry.

"The cumulative demand of ESS estimated by 2032 is in excess of 2400 GWh which is a strong case for setting up of giga-scale battery manufacturing plants in India on fast track," ISGF said in a report titled "Energy Storage System Roadmap for India: 2019 – 2032".

ISGF has prepared an Energy Storage System Roadmap for India in partnership with India Energy Storage Alliance (IESA) and MacArthur Foundation, USA

The government wants non-fossil fuel based power projects to account for 40 per cent of the total electricity generation capacity by 2030. This requires radical measures to scale up the share of renewable energy. India has embarked on a target of 450 GW of renewable energy capacity by 2030.

The integration of this massive renewable energy capacity is expected to pose challenges for grid operations. Storage projects could play a role in grid integration and management of renewable energy.

According to ISGF, the energy storage market in India witnessed a demand of 23 GWh in 2018 with 56 per cent of the battery demand coming from power backup inverter segment. The electric vehicle industry consumed over 5 GWh of batteries in India in 2018. This is likely to grow to 36 GWh by 2025.

Energy stockpiling could enable the nation to meet its emanation decrease targets and stay away from import reliance for battery packs and cells.

(Source: Assorted with ET Energy on 18th March, 2020)

Korean Researchers Affirm Potential Double The Driving Range of Electric Vehicles

Our this post from the EVs world and for the EVs world as a team of researchers led by Hun-Gi Jung at the Center for Energy Storage Research at the Korea Institute of Science and Technology (KIST) has claimed to have come up with silicon anode materials that can increase the battery capacity by four times as compared to the traditional graphite anode materials.

IMAGE CREDITS EESL

According to the researchers, the materials can also booster in rapid charging to more than 80% in just five minutes. When used in EVs, these batteries are expected to double the driving range.

This latest development, if successfully commercialized, could be a boon for electric vehicle owners and manufacturers who have been striving hard to increase the battery capacity and reduce the charging time to foster the wider adoption of electric mobility.

Currently, the batteries deployed in EVs use graphite anodes, which leads to a shorter driving range and a longer charging time. It should also be noted that silicon with an energy storage capacity of ten times more than graphite is being hailed as the next generation anode material for the development of long-range EVs.

But the one thing that goes against the commercialization of silicon is the fact that it expands rapidly, and storage capacity reduces significantly during charge and discharge cycles. Researchers all across the globe have been working on increasing the stability of silicon as an anode material, but the cost and complexity of these methods have prevented silicon from replacing graphite as the preferred material.

“We were able to develop carbon-silicon composite materials using common, everyday materials, and simple mixing and thermal processes with no reactors. The simple processes we adopted and the composites with excellent properties that we developed are highly likely to be commercialized and mass-produced. The composites could be applied to lithium-ion batteries for electric vehicles and energy storage systems (ESSs),” says Jung, the lead researcher at KIST.

In their endeavor to increase the stability of silicon, the research team at KIST focused on materials that are commonly used in our daily lives. The researchers dissolved silicon and starch in water and oil and increased the temperature in an attempt to produce carbon-silicon composites.  The simple process of frying was used to fix the carbon and silicon to prevent silicon from expanding during the charge and discharge cycles.

The research team claimed that the composite materials demonstrated a capacity four-times greater than that of graphite (360 mAh/g-1,530 mAh/g) and stable capacity retention of over 500 cycles. The carbon spheres present in the composite materials prevented the volume expansion of silicon, thus enhancing the stability of the silicon materials.

Notably, the highly conductive carbon and the restructuring of the silicon structure resulted in high output and efficiency.

Recently, the Indian Oil Corporation Limited announced that it has partnered with Phinergy, an Israeli battery manufacturer, to produce metal-air batteries, which could potentially be used in electric vehicles. These batteries can be tailored for different needs like electric mobility and other stationery purposes.

Earlier, Toyota Motor and Panasonic Corporation joined hands to establish a joint venture specializing in automotive prismatic batteries for electric vehicles. The joint venture will be called Prime Planet Energy & Solutions, Inc. Prismatic batteries offer a viable alternative for providing energy for automobiles and other forms of e-mobility, which can address the growing concerns regarding environmental issues and can play a central role in driving the e-mobility ecosystem forward.

(Source: Assorted with Rakesh Ranjan from mercomindia.com on 18th March 2020)

Megnify solar power generation through floating solar plants

Non-reliance on large tracts of land and high efficiencies have led to the evolution of floating solar plants as one of the viable solutions to the challenges faced by the solar power sector.

With ecological concerns rising and maintainability turning into a mind-blowing touchstone and financial framework, perfect and inexhaustible power has become progressively basic spot and synonymous with CO2 decrease.

Renewables - wind and solar accounting for more than half of the new power generation capacity additions in recent years - will continue to grow robustly in the coming decades. Post-2035, more than 50per cent of power generation will be renewable, according to McKinsey’s Global Energy Perspective Reference Case.

Solar and wind generation is expected to increase by a factor of 60 and 13, respectively between 2015 and 2050.

India ranked fifth in installed renewable energy capacity as of October 2018 and ranked second among the emerging economies to lead the transition to clean energy, according to the 2018 Climatescope report. India has a target of installing 100 GW of solar capacity by 2022.

The expense of renewables keeps on falling pointedly making renewable electricity cost-effective and cost competitive. The total installed costs of solar have fallen by as much as 70 per cent around the world since 2009. Be that as it may, restricted accessibility of land and significant expenses related with the acquisition of land have thrown a major shadow on India's driven renewable energy plans.

Floating a solution

Floating solar plants (FSPs) or flotovoltaics, which consist of an array of solar panels mounted on a structure that floats on a water body, is emerging as a promising trend in the renewable energy landscape. FSPs have an advantage over ground-mounted solar plants owing to their negligible land requirement as these plants can be installed on reservoirs, industrial pools or even small lakes.

FSPs is a moderately new idea and still in incipient stages in India. In any case, a few nations - China is the biggest universal market followed by Japan and South Korea - are making quick walks in tapping the capability of the floating solar plants. China's 150 MW project in South Anhui province is the largest floating solar project in the world. The 500 kWp solar plant on the Banasura Sagar reservoir in Kerala is the largest FSP in India. Madhya Pradesh is planning a 1 GW floating solar array on the Indira Sagar Dam that would be the world’s largest.

In addition to the non-requirement of large parcels of land, several other factors have fueled the growth of floating solar plants. Studies have confirmed that these plants are more efficient - in the range of 6 per cent to 10 per cent compared to land-based PV plants - as the cooling effect of water on the PV modules helps reduce thermal losses. The plant life is also relatively high due to the cooling effect of water which slows down long-term heat induced degradation. This also reduces loss of water due to evaporation.

Advantages galore

FSPs require significantly less amount of water which is required in the cleaning of regular plants. About 7,000-12,000 litres of water per MW is required in the cleaning of regular plants, according to the Council on Energy, Environment and Water (CEEW). In floating solar PV plants, the water utilised for cleaning can be re-utilised, leading to conservation of the water used for cleaning.

While floating solar offers multiple benefits, it has its share of challenges too. FSPs are 20 per cent to 25per cent more expensive to install vis-à-vis land-based solar power plants. The higher cost is due to inclusion of special components such as floating structures like floats/pontoons, mooring systems and submerged water cables that are required to install the floating solar plants.

While the costs of floating solar plants are currently high, increased domestic manufacturing capacity of floats and growing volumes are expected to bring down costs by 10 per cent to 15 per cent and also improve cost competitiveness, according to Bridge to India, a renewable energy consultancy firm.

The India scenario

FSPs have huge potential to scale up and replicate the success of ground-mounted systems. According to industry estimates, India has the potential to generate up to 300,000 MW of power from floating solar plants that too by utilising just 10 per cent to 15 per cent of its water resources.

Realising the promise that the sector holds, the Ministry for New and Renewable Energy, Government of India, had made robust plans to augment solar power generated through floating solar plants. India intends to add 10 GW of floating solar as part of its 227 GW renewable energy target for 2022.

Floating solar plants, an innovative and proven technology, is gaining momentum worldwide. It solves the problem of using expensive real estate for solar panel installation while at the same time enabling the efficient tapping of solar energy to generate power.

(Assorted with EnergyET on 16th March 2020)

ENERGY DEVELOPMENTS IN MARCH 2ND WEEK

Japan’s Marubeni Acquires Taiwan’s Chenya Energy to Leverage Floating Solar Business

In an important development, Japan’s Marubeni Corporation has executed a share purchase agreement with I Squared Capital to acquire Chenya Energy Company Limited, which is one of the leading solar power developers in Taiwan.

Chenya has one of the largest floating solar power projects, and by acquiring Chenya, Marubeni will gain valuable insights and expertise in floating solar power business. The main focus of Marubeni through this acquisition is to expand its floating solar business in Taiwan as well as other regions.

In April 2019, Malaysia’s state-owned oil and gas company, PETRONAS, acquired Singapore-based Amplus Energy Solutions Pte Ltd (M+), a company backed by I Squared Capital.

Currently, Marubeni’s portfolio exceeds 12.5 GW in net generation capacity across 19 countries, and in Taiwan, Marubeni had also made investments in Ever Power gas-fired combined power project (960 MW) and Hsin Tao gas-fired combined cycle power project of 600 MW capacity.

With this latest acquisition, Marubeni will become one of the largest independent solar power producers in the country.

Why India needs a new energy roadmap:Dharmendra Pradhan 

While India has given a solid turn in the energy roadmap towards renewables and re-balancing the energy mix, it would be unfair to expect to wean off fossil fuels completely at this stage of our developmental cycle.

Under the 2nd terms of Mr. Prime Minister Narendra Modi's Govt, India has given a strong turn in the energy road-map towards renewable and re-balancing the energy mix. However, it would be unfair to expect India to wean itself off fossil fuels completely at this stage of our developmental cycle. India’s per capita emissions today of 1.6 tonnes of CO2 is well below the global average of 4.4 tonnes while its share of global total CO2 emissions is about 6.4 per cent. Nonetheless, robust efforts are underway to de-carbonize energy production and use least polluting fossil fuels to complement the shift to renewables.

Current Govt consistently taking policy initiatives, revamping policies and building next generation infrastructure towards making India a gas-based economy — initially, by increasing the share of gas in India’s primary energy mix from the current six per cent to 15 per cent, a goal laid out by Prime Minister Modi. The government lays utmost emphasis on this stated goal-as reiterated in the finance minister’s recent budget speech, which highlighted some facts and figures as we move towards a gas-based economy.

Jakson to set up 70 MW Solar Power plant in Assam with an investment of Rs 300 crores

The agreement signing ceremony was held at the CM Secretariat and presided by the Chief Minister of Assam Sarbananda Sonowal in the presence of other senior government officials and dignitaries

Jakson Group, India's leading diversified energy and EPC Solutions company announced the signing of a Power Purchase Agreement (PPA) with Assam Power Distribution Company Limited (APDCL) for a 70 MW solar power plant at Amguri, Sivasagar District in Assam.

The agreement signing ceremony was held at the CM Secretariat and presided by the Chief Minister of Assam Sarbananda Sonowal in the presence of other senior government officials and dignitaries.

Jakson had won the bid to develop this 70 MW grid-connected solar power plant in the state based on a Request for Proposal (RFP) issued by Assam Power Generation Corporation Ltd (APGCL) last year.

The project will be the biggest solar power plant in Assam and contribute towards achieving India's ambitious solar energy target of 100 GW by 2022."

Atul Gupta, Assistant Vice President - IPP Business, Jakson Group said: "With this project, our solar IPP portfolio now stands at 300 MW, of which 80 MW is operational and 220 MW is under various stage of execution. We plan to scale this to 1 GW in the next 2-3 years."

In addition to the PPA, Jakson also signed a land lease and project implementation support agreement with APDCL for the project.

"With the support of APDCL, we are confident of completing this project on schedule in the next 12-14 months," Gupta added.

Augmenting solar power generation through floating solar plants

Floating solar plants, an innovative and proven technology, is gaining momentum worldwide. It solves the problem of using expensive real estate for solar panel installation while at the same time enabling the efficient tapping of solar energy to generate power.

Above contents source is daily news publication and its use will be for learn and earn the knowledge the sectors.

March 16th, 2020

Economical affects on business sector in the corona-virus's dance

Till January mid, everyone busy to tells growth, tipping to new highs of market in the every domain of industry, busy to create new ventures, deals, try to takeovers the rising start-ups and merged into the insides, technologies involvements in the business domain etc....

But now, on starting the March's 3rd week, we are getting down and worse everyday as went, COVID-19 cases getting up day by day, after CHINA, ITALY is most sicked country in the world right now and IRAN which is badly suffering from the corona-virus in the Asia, already hangs up their hands to not able to fight against corona-virus.

We are daily finding new scares on business sector, stocks markets getting wrose day by day, its bad for everyone in the world right now.

Corona-virus on business sector:

India's economy today is more fragile than it has been during past emergencies regardless of whether a couple of the large scale markers — basically forex stores, CAD and swelling — are increasingly strong. In addition to the fact that growth is substantially more lazy — an iron deficient 4.7% year-on-year in Q3FY20 — with ventures having failed, industrial facility yield is likewise scarcely developing, and therefore less occupations are being made. The two shoppers and agents have lost certainty and with the scourge practically sure to slow the economy further, that certainty will take an any longer opportunity approaching back. Now, it would seem that the economy will scarcely oversee 5% in 2020-21.

The harm from the corona-virus pandemic to request, and subsequently to resource quality, will far exceed the additions from the accident in unrefined petroleum costs.  Lower oil prices may give our economy a kicker and the government will make some extra cash from the higher levies on auto fuels. However, the global and Indian slowdown following the corona crisis will badly hurt local demand and exports.

Evan without the corona emergency, consumption grew at sub-6% in the first three quarters of 2019-20. This has impacted manufacturing — which contracted in Q2 and Q3 — and also services. The effects of slower activity in transport, construction, retail, tourism, autos — which employ larger numbers — could be debilitating. The slowdown in global growth — estimates now suggest this would be about 2% in 2020 — will further add to India’s export woes. While those businesses that consume commodities will benefit from lower prices, the producers will lose; much like in the case of oil where there will be less drilling and exploration activity, this will mean a loss of jobs.

stats credit to FE

The huge concern is that small vendor won't get paid for their administrations and supplies when they are destitute; very soon this will reflect in the benefit nature of banks. The acknowledge markets are lazy for credit development having drooped to sub 6% levels — during a period of copious surplus liquidity — along these lines, infusing greater liquidity may not help. Banks have not been loaning since they are hazard disinclined; loaning now to organizations that are more vulnerable may not be reasonable. 

On the off chance that the corona emergency waits on for over a quarter of a year, the administration will see a deficiency in its genuinely unobtrusive income targets — a 10-15% shortage maybe — and it won't have the option to meet the Rs 2-lakh-crore disinvestment target either if the financial exchanges stay unsteady. The best approach to limit the shortage is to expand the duties on auto fills and oppose demands for tax reductions — regardless of whether PIT or DDT. There isn't an excessive amount of cash to spend without compelling the fisc however with benchmark yields at around 6%, obtaining costs will be under tight restraints.

Worlds bodies must be come along to get free from COVID-19 asap, otherwise the downfall, which we are experience in the recent days, will faced on the harder notes.

(Source: Assorted with FE, 16th March 2020)