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The News That Matters about the Nuclear Industry

Making more efficient use of space with “solar trees”

flag-indiaIndian Scientists Design Solar Tree to Save Space for Solar Power Generation VOA, 26 Aug 16 NEW DELHI Indian scientists have designed a “solar tree” that they hope will help overcome one of the key challenges the country faces in the generation of solar power.

With photovoltaic panels placed at different levels on branches made of steel, “solar trees” could dramatically reduce the amount of land needed to develop solar parks.

“It takes about four-square meters of space to produce energy which otherwise would have required 400 square meters of space. So almost 100 times the space is saved, which as you know is very valuable,” said Daljit Singh Bedi, chief scientist at the Council of Scientific and Industrial Research (CSIR) in New Delhi, whose laboratory in Kolkata developed the tree.

A scarce resource in India, acquisition of land to develop roads, factories and other infrastructure is a sensitive issue that has led to frequent and sometimes violent protests from displaced people.

Scientists estimate the energy generated by a solar tree would be sufficient to light up five homes. They say the space-saving tree would not only make it easier to increase solar power generation to light up homes and streets in cities, but also in rural areas where farmers are unwilling to give up large tracts of land for solar panel installations.

The solar tree will also harness more energy compared to rooftop panels. “This design, it facilitates placement of solar panels in a way that they are exposed more towards sun and that way they are able to harness 10 to 15 per cent more energy, which is more or less equivalent to one hour more than the conventional format,” said Bedi……http://www.voanews.com/a/indian-scientists-design-solar-tree-to-save-space-for-solar-power-generation/3481641.html

August 29, 2016 Posted by | India, renewable | Leave a comment

USA pushes India and Pakistan to join nuclear testy ban treaty

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Is this because USA wants nuclear disarmament, or because USA wants to sell nuclear materials to the sub continent?

US urges India and Pakistan to sign and ratify nuclear test ban treaty Washington has welcomed text-relevantPakistan’s recent proposal to India for a bilateral agreement on nuclear weapons test ban, IBT  By  August 24, 2016 The US has asked arch-rivals India and Pakistan to set aside their differences and sign and ratify the Comprehensive Nuclear-Test-Ban Treaty (CTBT). Welcoming Pakistan’s recent proposal to India for a bilateral agreement on nuclear weapons test ban, Washington has urged the two countries to hold talks.

Mark Toner, the State Department deputy spokesperson, said: “We welcome this high-level dialogue between India and Pakistan, encourage both countries to engage in the dialogue and exercise restraint aimed at improving strategic stability.”……..

On Tuesday (23 August), Pakistan announced a fresh move to seek support for its NSGmembership bid. Syed Tariq Fatemi, special assistant to the prime minister on foreign affairs, embarked on a visit to Belarus and Kazakhstan to win their backing, The Hindu reported.

While India was kept out, Pakistan’s membership was not discussed during the plenary meeting of the NSG in Seoul in June. Although it has China on its side, it failed to get the backing of the US.http://www.ibtimes.co.uk/us-urges-india-pakistan-sign-ratify-nuclear-test-ban-treaty-1577733

August 27, 2016 Posted by | India, Pakistan, politics international, USA, weapons and war | Leave a comment

Nuclear power a poor deal for India, despite aggressive marketing by USA, France Russia

India is better advised to put money instead into its abundant solar energy, which will definitely be less expensive and less risky. “Investing in new solar photovoltaic capacity would be a much lower-cost, significantly less environmentally harmful and far more sustainable alternative to the Mithi Virdi and Kovvada projects,”

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Nuclear power costly, inefficientSANKAR RAY | Fri, 12 Aug 2016- , Mumbai , dna Reactors reduced to status of old furniture as no new ones are being made With Prime Minister Narendra Modi and US President Barrack Obama, finalising the import of 12 AP1000 nuclear reactors plants – six from the Westinghouse Electric — for Mithi Virdi, Gujarat, and another six from the GE-Hitachi’s Economic Simplified Boiling Water Reactor for Kovvada, Andhra Pradesh, nuclear hawks have become super-active. The US Export-Import Bank is about to complete a financing package for the Toshiba Westinghouseproject. The Nuclear Power Corporation of India and Toshiba Corp’s (6502.T) Westinghouse Electric too confirmed that engineering and site design work would begin shortly. Small wonder, anti–US hawks too have swung into action to nail the very concept of importing nuclear power reactors from the US, arguing that the cost from the US reactors is very high, estimated provisionally at $7.5 million per megawatt in stark contrast to $ 2.9 million of the Russian ones that are installed at Kudankulam.

Prof Sujay Basu, a doyen among energy experts and former — the first too – director, School of Energy Studies, Jadavpur University, expressed his chagrin against import of reactors. “First, the Kudankulam reactors were sold by Russia at distressed price. Second, reactor manufacture, from the very beginning of the new century, ceased to be a profitable business. American nuclear industry is worried for want of buyers and escalation of cost.

France tried to sell one or two reactors to Finland but backed out. Nowhere in the world, except Japan, are new reactors marketable without political lobbying. Energy gap cannot be narrowed by setting up more nuclear plants. In India, the more pressing problem is how to retire several ageing with effective disposal of nuclear hazards.” Indeed, almost all the components of the reactor were manufactured during the 1980s and were rendered surplus due to post-Chernobyl cancellation of over two dozen reactors after the mega-catastrophe in the twilight years of Soviet Union.

V T Padmanabhan, noted analyst and member of the Nuclear Consultancy Group, considered as a crusader for nuclear safety and health effects (genetic and somatic) of ionising radiation, divulged in countercurrents.org about six months ago that the Kudankulam reactor tripped 20 times and was off-grid for 468 days.

Kudankulam Nuclear Power Plant (KKNPP-1), the first reactor, built jointly by the NPCIL and Russia’s Atomstroyexport (ASE), is the only operating Generation-III pressurised water reactor (VVER-1000) the world over. During the 840 days of its grid connection since 22 October 2013, the reactor worked for 372 days, although this so-called brand new Russian machine, commissioned a year ago, underwent a seven-month-long overhaul since 24 June 2015 and achieved criticality in the afternoon of 21 Jan 2016.

Following a series of experiments, the generator was connected to the grid in the morning of 30 Jan 2016. According to the database of Power Reactor Information systems of the International Atomic Energy Agency, the KKNPP-1 operated for only 4,212 hours in 2014, less than half the time-schedule. Mentioning this, Prof M V Ramana, a nuclear physicist and currently associated with the Programme on Science and Global Security at Princeton University, a good fraction of those operations evidently involved the reactor generate below the corresponding rated power capacity. “In all, the reactor generated less than a third of the electricity that it could have if it had operated at full power, 24 hours a day, 365 days a year.” Things worsened in the following year. The NPCIL website admitted that between April 2015 and January 2016, the plant had an abysmally load factor of 20 per cent.

There is no denying that the KKNPP-1 is a congenitally sick baby, a junk reactor. Maybe, the sickly state of KKNPP-1, prompted the NDA government (if not an alibi) to opt for the US plants. But in end-March this year, the Institute for Energy Economics and Financial Analysis, which is engaged in research and analysis on financial and economic issues related to energy, in order to quicken the transition to a diverse, sustainable and profitable energy economy, released a report, Bad Choice: The Risks, Costs and Viability of Proposed US Nuclear Reactors in India, which negates the economic viability of Indian plan to build 12 new nuclear-powered plants using untested technology. The lead author of it, IEEFA’s director of resource planning analysis, David Schlissel, stated that these nuclear plants are “first-of-kind” designs by Toshiba-Westinghouse and General Electric-Hitachi planned for the Mithi Virdi and Kovvada complexes, are neither economically nor financially viable.“They would take much longer than expected to build, they would result in higher bills for ratepayers, and, if they are built, they might not work as advertised.”

The IEEFA pointed out that it would take 11 to 15 years to build, if approved, the first new reactors at Mithi Virdi and Kovvada, provided there is no time lag. These reactors can’t start generation for the electric grid before 2029.

Furthermore, stated Schlissel, even if there is zero time-and-cost overruns, “both projects would require massive investment over the next two decades, ranging from Rs 6.3 lakh crores (US $95 billion) to 11.3 lakh crore rupees (US $170 billion).” The IEEFA warned against slowdown in project implementation due to lengthy land-acquisition and complicated nuclear liability issues. India is better advised to put money instead into its abundant solar energy, which will definitely be less expensive and less risky. “Investing in new solar photovoltaic capacity would be a much lower-cost, significantly less environmentally harmful and far more sustainable alternative to the Mithi Virdi and Kovvada projects,” quipped Schlissel…….http://www.dnaindia.com/analysis/column-nuclear-power-costly-inefficient-2244012

August 17, 2016 Posted by | India, marketing | Leave a comment

More delay hampers India-Japan nuclear deal

Buy-Japan's-nukes-2flag-indiaRatification of India, Japan civil nuclear deal may face further delay THE HINDU Business Line, 
NAYANIMA BASU NEW DELHI, 16 AUGUST:   The ratification of India-Japan Civil Nuclear deal is likely to be delayed further.

“It is unlikely that the Diet (wich is likely to meet for a special session end of next month) will take up the India-Japan Civil Nuclear deal for ratification. There are still some issues that need to be discussed,” a top official, involved in the talks, told BusinessLine.

The Diet had its session last in June. However, this year it will be meeting once again, which is also known as an extraordinary session from September 26.

However, like last time, it seems even in this session the nuclear deal with India will not go through due to “domestic pressure and compulsions”, according to the official. Once the Diet ratifies the deal, the deal will be officially signed.

According to sources, Japan has not been able to build a support for the deal within its political sections, as there are apprehensions that export of Japanese nuclear technology might get routed for military purposes.

There are also “strong concerns” on the Japanese side regarding nuclear cooperation because India is still not a signatory to nuclear Non-Proliferation Treaty (NPT).

The India-Japan Civil Nuclear deal had been under discussion for over six years now………

Meanwhile, India is also concerned with the fact that technical negotiations on the deal might take a backseat as the Japanese Cabinet has undergone a major reshuffle. Japan now has a new Defence Minister Tomomi Inada, who is known to be having anti-nuclear agenda……http://www.thehindubusinessline.com/economy/ratification-of-india-japan-civil-nuclear-deal-may-face-further-delay/article8995337.ece

August 17, 2016 Posted by | India, Japan, politics international | Leave a comment

Japn to market nuclear reactors to India?

Buy-Japan's-nukes-2Abe, Modi to confer on nuclear deal / Meeting eyed for mid-Nov. in Tokyo  The Yomiuri Shimbun, 14 Aug 16 The government is considering hosting India Prime Minister Narendra Modi for a meeting with Prime Minister Shinzo Abe in Tokyo in mid-November, according to sources, with nuclear cooperation on the agenda.

During the meeting, Abe and Modi intend to sign a nuclear cooperation accord that allows for trade in equipment and technology related to nuclear power plants. In preparation, both sides will soon start full-fledged talks to decide on wording in the accord, the sources said. Also likely to be discussed in the meeting will be the strengthening of security cooperation.

In recent years, the leaders of both nations have made mutual annual visits. In the summit meeting in December 2015, Abe and Modi reached a basic agreement on the signing of a nuclear cooperation accord. Should the accord be signed in November, it will allow Japanese companies to receive orders for nuclear power plant construction projects in India, which will lead to a possible solution for India’s serious electricity shortage.

As India is not a signatory to the Nuclear Nonproliferation Treaty, the Japanese and Indian governments are coordinating to decide on wording in the accord regarding nonproliferation and prohibition of nuclear tests…….http://www.the-japan-news.com/news/article/0003148491

August 14, 2016 Posted by | India, Japan, marketing | Leave a comment

Decentralised solar power a winner for desert area of Rajasthan, India

An entire district in Rajasthan to be powered by solar energy, will end all water woes in the desert state! Rajasthan Electronics and Instrumentation Ltd, the firm currently handling the project has been given the green signal to spend Rs 11.91 crore for the entire project. India.com By Rutu Ladage on August 2, 2016“……..For Rajasthan government, coming up with newer techniques to ensure that the water issues never crop up, Barmer district in Jaiselmer is coming up with a unique solution. While we do have villages and homes in India that boast of solar power and using solar energy to meet their electricity needs, there are hardly any complete districts that boast of running solely on solar power. If the project works out, it will definitely be one of the major firsts in India and set the benchmark for other regions too. The Mukhyamantri Solar Adharit Nalkoop Yojana (MSANY). will provide 70 solar tubewells in Barmer district to help people become reliant on solar energy and use solar power even for agriculture.

August 8, 2016 Posted by | decentralised, India | Leave a comment

All is not fine for India’s nuclear power programme

A study by the U.S.-based Institute for Energy Economics and Financial Analysis, that was released recently by the A.P.-Telangana-based voluntary organisation Human Rights Forum, warns India that GE-Hitachi and Westinghouse nuclear reactors are neither cost-effective nor power-efficient and that they have a huge risk factor.

This time round, the CPI(M) has decided to take up the cause in a big way. Senior party leader Prakash Karat visited Kovvada and other villages to interact with fishermen and farmers and addressed a public meeting there on July 16. The CPI(M) has given a call for a broad-based struggle against the nuclear plant at Kovvada, which Karat said would be a white elephant considering its steep projected cost. “This project is a bonanza for American business

 

flag-indiaThe coast isn’t clear for India’s nuclear power quest, THE HINDU,  K. VENKATESHWARLU , 28 July 16 A cluster of plants promises to turn coastal Andhra Pradesh into the country’s nuclear energy hub, but at what cost? At Kovvada, first off the blocks, K. Venkateshwarlu discovers some uneasy answers. Continue reading

July 30, 2016 Posted by | India, politics | Leave a comment

India will never sign the nuclear Non-Proliferation Treaty (NPT).

flag-indiaIndia Will Never Sign Nuclear Non-Proliferation Treaty, Says Sushma http://www.news18.com/news/india/india-will-never-sign-nuclear-non-proliferation-treaty-says-sushma-1271759.html CNN-News18 July 20, 2016,  New Delhi: External Affairs Minister Sushma Swaraj on Wednesday said that India will never sign the nuclear Non-Proliferation Treaty (NPT).

While making statement in the Lok Sabha, she said, India will continue to engage with China over its opposition to India’s entry to the elite Nuclear Suppliers Group (NSG).

“If someone does not agree to something once, it doesn’t mean that they will never agree to it. We are continuing our efforts in engaging with China on this issue,” the foreign minister said on India’s bid to gain entry to the NSG.

Swaraj’s statements on the NSG issue came in response to queries from Opposition members on the status of India’s bid for entry into the elite nuclear trading group.

July 23, 2016 Posted by | India, politics international, weapons and war | Leave a comment

India not in Nuclear Suppliers Group, because India won’t sign Nuclear Non Proliferation Treaty

India Nuclear Suppliers Group Membership Depends on Signing NPT http://sputniknews.com/politics/20160722/1043439110/india-npt-signing.html  No country which is not a signatory to the Nuclear Non-Proliferation Treaty (NPT) can become a member of the Nuclear Suppliers Group (NSG), Chinese Foreign Ministry spokesman Lu Kang said Thursday.

MOSCOW (Sputnik) — On Wednesday, India’s Minister of External Affairs Sushma Swaraj told the lawmakers that India will not sign the NPT.“It is worth mentioning that China does not make the rules for how to become new members of the group. The international community has forged a consensus long ago that the NPT is the cornerstone of the international non-proliferation regime. No country should or can put itself opposite to the NPT,” Lu Kang was cited as saying by The Times of India.

The Nuclear Non-Proliferation Treaty entered into force in 1970 with the aim to prevent the spread of nuclear weaponry. Three states, namely India, Pakistan and Israel, denied to sign the treaty. North Korea withdrew from NPT in 2003.

The Nuclear Suppliers Group is a group of nuclear supplier countries whose aim is to prevent nuclear proliferation by controlling the export of materials, equipment and technology which could be used to produce nuclear weapons. As of 2016, the NSG has 48 members, including China

July 23, 2016 Posted by | India, politics international | Leave a comment

Russian, USA, Japanese nuclear salesmen move their Indian nuclear plans to Andhra Pradesh

Russian-BearA.P. set to be country’s nuclear power hub http://www.thehindu.com/Buy-US-nukesnews/national/andhra-pradesh/ap-set-to-be-countrys-nuclear-power-hub/article8876943.ece  SUHASINI HAIDAR
Govt. is pinning its mega plans for generating the ‘clean’ energy on coastal Andhra Pradesh.

Weeks after the government announced that U.S. company Westinghouse’s Nuclear Power Project (NPP), planned in Gujarat’s Mithi Virdi, is being moved to Andhra Pradesh, sources confirmed to The Hindu that Russian-owned Rosatom will build its next phase of six reactors in Andhra Pradesh as well.

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With other States like Gujarat, Tamil Nadu, West Bengal and Maharashtra facing local protests over NPPs, the government is now pinning its mega plans for generating the ‘clean’ energy on coastal Andhra Pradesh. In fact, if all the projects under consideration from Russia, the U.S. and NPCIL were to actually go through, NPPs in Andhra could account for more than 30,000 MW of the Modi government’s goal of 63,000 MW installed capacity by 2031. The site for the next set of six Russian reactors was discussed during A.P. Chief Minister Chandrababu Naidu’s recent visit to Russia, where he met Russian PM Dmitry Medvedev.

Sources told The Hindu the project site identified, believed to be Kavali in Nellore district, could be announced during President Vladimir Putin’s visit to India in October. “It’s huge,” said Commerce Minister Nirmala Sitharaman, who had led the delegation to Russia. “In Andhra Pradesh, six nuclear centres are going to be created, totalling thousands of megawatts in capacity. Of course, Andhra Pradesh will have both American and Russian participation in nuclear energy generation, but the Russians will be the first to “Make in India” in the nuclear sphere in Andhra,” Ms. Sitharaman told The Hindu.

The “American participation” referred to is the plan for Toshiba-Westinghouse to set up 6 AP1000 reactors of 1,100 megawatts each, a proposal that had run into trouble in Gujarat due to “stiff protests from farmers” during the land acquisition process for 777 hectares, a senior official in the Gujarat government said.

“In addition, Tata, Adani and Essar, which are the largest power producers in the State, were never comfortable with another giant plant being set up in the State,” the official said. During Prime Minister Narendra Modi’s visit to Washington in June 2016, NPCIL and Westinghouse had announced the move to Andhra Pradesh, with a commitment to complete the commercial agreement for 6 reactors by June 2017.

 Prior to the move by Westinghouse, U.S. company GE-Hitachi had also been allocated a site in Kovvada, where the State plans its nuclear park. The discussions to provide 6 Economic Simplified Boiling Water Reactors (ESBWRs) of 1594 MW have slowed over India’s insistence on being provided only tried-and-tested reactor technology, but the project remains a key part of Andhra Pradesh’s power projections.

Meanwhile, another Russian project that has been hanging fire for years, to build 6 ‘VVER’ (Water-Water Energy) Reactors of 1000 MWe in West Bengal’s Haripur may also be moved to Andhra Pradesh due to local protests. “We are looking for a site in some coastal area of Andhra Pradesh where a similar reactor, which was meant for Haripur, will come up,” Dr. Sekhar Basu, now Chairman of the Atomic Energy Commission, had told reporters last September, although West Bengal officials told The Hindua final decision has not been taken.

State officials hope Tamil Nadu, Gujarat and West Bengal’s loss will soon be Andhra Pradesh’s gain, and the State already has the Kovvada nuclear park project for 6 1000MW reactors in Srikakulam under way. However, the coast isn’t completely clear. Kovvada has seen some protests of the kind seen at Kudankulam, Mithi Virdi and Haripur. While many local residents are unwilling to part with land, others have concerns over environmental hazards, especially given that some of the sites identified for nuclear projects are in a seismically sensitive zone, and have seen tremors in the past.

Confirming that several projects are only in “preliminary stages”, the Andhra Pradesh government’s media adviser Parkala Prabhakar told The Hindu: “The Central government has asked some more sites for other plants. We have asked the Collectors of Prakasam and Nellore to spot the sites. Once those sites are identified, the NPCIL will come for inspection to check the compatibility,” indicating that while Andhra’s nuclear power-hub dreams are in sight, they may take a while to come to fruition. (With Appaji Reddem in Vijayawada & Mahesh Langa in Ahmedabad)

July 22, 2016 Posted by | India, marketing, Russia, USA | Leave a comment

Cochin International Airport in Kerala, India powered entirely by solar energy

sunflag-indiaThanks to solar power, this airport is no longer paying for electricity. https://www.weforum.org/agenda/2016/07/thanks-to-solar-power-this-airport-is-no-longer-paying-for-electricity/  Jenny Soffel Website Editor, World Economic Forum 19 July 2016 [excellent graphs]   If you fly over Cochin International Airport in Kerala, India, you will find yourself staring down at over 46,000 solar panels. The airport, India’s seventh busiest, last year became the first airport in the world to run completely on solar power.

It started as a pilot project in 2013 with 400 panels on the airport rooftop, an attempt by management to lower the airport’s energy bills. After the installation of a 12 megawatt solar plant, the airport was able to run entirely on solar power.

The airport has now stopped paying for its electricity altogether, and even sends energy back to the grid.

Solar energy has become a cheap option in India – the price has dropped to a similar level to that of coal.

India’s Prime Minister Narendra Modi has said the country’s investment target for the source of renewable energy will be increased to $100 billion, five times greater than current levels, scaling solar power to more than 10% of India’s total energy sector by 2022.

The successful project has inspired other airports both nationally and internationally to invest in renewable energy. Kolkata’s international airport in India is now also looking to build a solar plant to reduce its electric bill by a third.

South Africa recently opened the continent’s first solar-powered airport in George, in the Western Cape. It’s expected to save an excess of 1.2 million litres of water every year, and will contribute to around 40% of the airport’s electricity needs.

July 20, 2016 Posted by | decentralised, India | Leave a comment

India’s nuclear insurance policy aims to transfer liability risk from nuclear suppliers

insuranceIndia’s first insurance cover to NPCIL aims to transfer liability risk from nuclear suppliers, International Business Times (IBT) July 3, 2016  By   National Power Corporation of India Ltd (NPCIL), the government-owned nuclear power generation company, received India’s first insurance policy that may offset liability risks seen as a bottleneck by foreign nuclear plant suppliers, reported IANS.

The policy — issued by government-owned non-life insurer New India Assurance Company Ltd — is compliant with the guidelines specified in the much discussed Civil Liability for Nuclear Damage Act, 2010, an insurance official said……

The policy, according to the report, will be applicable to all the plants of NPCIL. It covers their liability to the public in the event of accidents specified in the policy and the power plant’s “right of recourse against the equipment suppliers.”

The reinstatement premium will be decided after a claim is filed based on the insurer’s capacity to undertake further risks, said the official……He also added that the policy is devoid of ‘policy excess’, defined as the first amount uncovered by the policy and hence liable to be paid by the company……

The announcement comes after NPCIL paid Rs. 50,000 to each of the six workers who suffered burn injuries at the Kudankulam nuclear plant in May 2014 on successful intervention by National Human Rights Commission, as reported by the Indian Express.

NPCIL is currently mired in allegations of misleading people about the safety of the Kovvada plant in Andhra Pradesh.

Earlier, General Electric chairman Jeffrey Immelt also expressed reservations on building a nuclear plant in India, citing the liability law. http://www.ibtimes.co.in/indias-first-insurance-cover-npcil-aims-transfer-liability-risk-nuclear-suppliers-685317

July 4, 2016 Posted by | business and costs, India, politics | Leave a comment

New India Assurance Company Ltd to insure nuclear reactors

insuranceNuclear plants insured http://www.thehindu.com/news/national/nuclear-plants-insured/article8804348.ece, 4 July 16  India’s first insurance policy covering public liability to an atomic power plant operator has been issued to Nuclear Power Corporation of India Ltd (NPCIL) but the reinstat-ement of insurance value post a claim will be decided later, industry officials said.

“We recently got the insurance policy covering all our atomic power plants. The total premium came around Rs. 100 crore for a risk cover of Rs. 1,500 crore,” S.K. Sharma, Chairman and Managing Director, NPCIL, said.

The policy complies with all the provisions of the Civil Liability for Nuclear Damage Act (CLND), said a known insurance industry official.

The Central government had announced in June 2015 the setting up of the Rs. 1,500-crore India Nuclear Insurance Pool to be managed by national reinsurer GIC Re.

The insurance policy was issued by the country’s largest non-life insurer New India Assurance Company Ltd.

The policy would cover the liability towards public as a consequence of any nuclear accident in the plants covered under the policy and also the right of recourse of NPCIL against equipment suppliers. The insurance coverage will be for all the NPCIL’s plants— like a floater cover.

Queried about the reinstatement premium, the official said it would be decided post a claim based on the capacity — to underwrite the risk — available with the insurers.

July 4, 2016 Posted by | business and costs, India, politics | Leave a comment

World Bank backs solar power in 1 trillion dollars loan, tripling India’s renewable energy

World-BankSolar power plantPM Modi lands World Bank’s record 1 trillion dollars loan for mega solar power project The World Bank has signed an agreement with India-led International Solar Alliance (ISA) to mobilise investments worth $1 trillion by 2030. IANS India Today, by Arpan RaiNew Delhi, June 30, 2016  The World Bank on Thursday signed an agreement with India-led International Solar Alliance (ISA) to mobilise investments worth $1 trillion by 2030 to help fund projects to increase solar energy use around the world.

The agreement, establishing the World Bank Group as a financial partner for 121-nation ISA, was signed here in the presence of visiting World Bank President Jim Yong Kim, Finance Minister Arun Jaitley and New and Renewable Energy Minister Piyush Goyal.

The ISA was launched at the Paris United Nations Climate Change Conference in November by Prime Minister Narendra Modi and French President Francois Hollande.

WHAT ALL DOES THE AGREEMENT INCLUDE? 

As part of the agreement, the Bank will develop a roadmap to mobilise financing for development and deployment of affordable solar energy, and work with other multilateral development banks and financial institutions to develop financing instruments to support solar development.

On the occasion, the multilateral lender also announced that it planned to provide more than $1 billion to support India’s initiative to expand solar energy generation.

WHY IS THE MOVE A GRAND INVESTMENT FOR WORLD BANK?

The solar investments for India combined would be the Bank’s largest financing of solar energy projects for any country in the world to date, it said.

India’s plans to virtually triple the share of renewable energy by 2030 will both transform the country’s energy supply and have far-reaching global implications in the fight against climate change………http://indiatoday.intoday.in/story/pm-modi-lands-world-banks-record-1-trillion-dollars-loan-for-mega-solar-power-project/1/704572.html

 

July 2, 2016 Posted by | India, renewable | Leave a comment

India and Pakistan communicate with each other on nuclear facilities

diplomacy-not-bombsPakistan, India exchange information on nuclear facilities  http://dailytimes.com.pk/islamabad/01-Jan-06/pakistan-india-exchange-information-on-nuclear-facilities   ISLAMABAD: Pakistan and India on Sunday exchanged lists of their nuclear facilities on Sunday, a requirement every January 1 under an accord in which they promised not to attack each other’s nuclear installations.

“The governments of Pakistan and India today exchanged lists of their respective nuclear installations and facilities in accordance with Article II of the Agreement on Prohibition of Attacks Against Nuclear Installations and Facilities between Pakistan and India of December 31, 1988,” a Foreign Office statement said.

Zaheer A. Janjua, Director of the India Desk in Pakistan Ministry of Foreign Affairs handed over the list to an officer of the Indian High Commission in Islamabad at the Foreign Office at 11:00am PST, the statement said.

India handed over their list to Muhammad Khalid Jamali, First Secretary of the Pakistan High Commission at the Ministry of External Affairs in New Delhi at 11:30am IST, it added. The statement did not give any details of which installations and facilities are mentioned in the lists. The list usually includes civilian nuclear power plants and gives the exact location of each such installation.

Top foreign ministry officials from Pakistan, led by Foreign Secretary Riaz Muhammad Khan will meet Indian officials on January 17 and 18 in New Delhi for talks on Kashmir and other issues. Railway officials are also slated to meet in New Delhi on January 5 and 6 to discuss reopening a rail link between Munabao and Khokhrapar, which was terminated after a 1965 war between the two countries.

July 2, 2016 Posted by | India, Pakistan, politics international | Leave a comment

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