It is noteworthy that currently, coal-based power projects are under threat due to lack of coal linkages and power purchase agreements, thus stalling many existing power projects and discouraging many companies from expanding to new coal power projects. This would give a boost to hydropower projects in many regions, especially in the Himalayan regions.
Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas.
For more information visit http://www.cenfa.org
Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. The archive can be accessed at http://www.cenfa.org/newsletter-archive/
To subscribe, email us at newsletter@cenfa.org
Foreign policy has topped the agenda of the Narendra Modi government in its first few months. Soon after taking charge, Prime Minister Modi completed a strategic engagement with the world’s three largest economies – Japan, China and the US – which together account for approximately 40% of the global GDP. This was part of a larger international reach-out that included neighbouring countries.
The government’s foreign policy accentuates three elements: economic engagement, security cooperation and energy security. The latest edition of MSLGROUP in India’s ‘Public Affairs Round-up’ (PAR) newsletter analyses the significant progress of the policy.
A rejuvenation of the economy cannot be achieved without reforms that are in keeping with the business environment and needs. These include achieving a critical balance between ecological conservation and industrial expansion, as well as more efficient public sector governance. This edition of PAR includes an infographic on the key reforms required.
For all of the above, a digital ecosystem could prove to be the game-changer. India has flagged off the Rs 1,13,000 crore ‘e-Kranti’, or ‘Digital India’, initiative – the world’s most ambitious broadband project. MSLGROUP in India puts the initiative under the microscope.
We hope you enjoy reading it. For more information or feedback connect with our India team @MSLGROUP_India or reach out to us on Twitter @msl_group.
India’s dependence on coal for energy production is worrying. There is an urgent need to diversify energy sources; it could mean the difference between a robust economy and ones that struggles.
MSLGROUP in India’s latest public affairs newsletter analyses the government’s efforts to establish a renewable energy paradigm.
With solar power prices falling, it is clearly the focus of the push. Wind is another priority area. Ambitious targets have been set but the plan has its flaws. Critics point out that innovative funding models are required, so are tax incentives.
‘Public Affairs Round-up’ also puts under the microscope two landmark legislations – the controversial Land Acquisition Bill and the Insurance Bill. Both have been the subject of intense debate. While industry has lauded both of them, critics say the bills would have an adverse social and economic impact.
Similarly, the Goods and Services Tax (GST) finds itself at the centre of a political storm. A consensus among the states on it was elusive even as the government committed to implementing it next year.
What will they mean for India and will they help achieve the economic resurrection the country needs?
We hope you enjoy reading it. For more information or feedback connect with our India team @MSLGROUP_India or reach out to us on Twitter @msl_group.
This document discusses opportunities in the environment and green technology sector in India. It notes that India faces diverse environmental challenges that require quick solutions to prevent further degradation and employ technologies that reduce resource use and emissions. The government is pushing the environment sector and focusing on developing India in an environmentally sensitive way. This has made India ready for clean technologies and created opportunities in renewable energy, science and technology, and the green shift of the nation. The document provides details on market sizes, investments, developments, and government initiatives in these sectors to support a transition to cleaner technologies.
Dr Mahendra P Lama in Parallel Session A1 of Ninth South Asia Economic Summit (SAES) organised by Centre for Policy Dialogue (CPD) on 15-16 October 2016 presented on "Achieving Sustainable Energy for All in South Asia: Modalities of Cooperation". #SAES9 For further details visit: http://saes9.cpd.org.bd/
India's infrastructure sector has struggled with decades of underinvestment and dysfunction, leaving the country with poor transportation networks and unreliable power grids that have slowed economic growth. While private investment and reforms began in the 1990s, success has been mixed with infrastructure ranked poorly compared to countries like China. A key issue is the chronic electricity shortage, with widespread power outages affecting hundreds of millions. India also faces funding shortfalls and challenges attracting foreign investment to develop its estimated $1 trillion needed for infrastructure projects and support continued urbanization and economic growth.
India is the third largest producer and fourth largest consumer of electricity in the world. The government has set ambitious targets to add around 100 GW of capacity under the 13th Five-Year Plan and increase renewable energy capacity to 175 GW by 2022. Wind and solar energy are expected to contribute significantly to the renewable energy target. FDI of up to 100% is allowed in the power sector, which has boosted investments. Various government schemes also aim to boost rural electrification.
India renewable energy sector analysisRajesh Sarma
"India Renewable Energy Sector Analysis” Report gives detailed overview on the following aspect related to renewable energy sector in India:
Significance of renewable energy for India
Installed capacity by various renewable energy resources.
Government support and incentives for promotion of renewable energy by segment.
Current Scenario of decentralize/off grid renewable energy.
New sources of renewable energy: Hydro, Geothermal & Tidal energy.
Detailed policy framework related to renewable energy sector.
Future outlook for renewable energy in India
India is the third largest producer and third largest consumer of electricity globally, with a total installed capacity of 343.90 GW as of June 2018. The government has set ambitious expansion targets, aiming to add around 100 GW under the current five-year plan through 2022. Wind and solar energy are expected to contribute significantly, with targets of 60 GW and 100 GW respectively by 2022. Total renewable energy targets have been increased to 175 GW by 2022. Favorable policies around 100% FDI and various government schemes are driving robust growth across the power sector.
Foreign policy has topped the agenda of the Narendra Modi government in its first few months. Soon after taking charge, Prime Minister Modi completed a strategic engagement with the world’s three largest economies – Japan, China and the US – which together account for approximately 40% of the global GDP. This was part of a larger international reach-out that included neighbouring countries.
The government’s foreign policy accentuates three elements: economic engagement, security cooperation and energy security. The latest edition of MSLGROUP in India’s ‘Public Affairs Round-up’ (PAR) newsletter analyses the significant progress of the policy.
A rejuvenation of the economy cannot be achieved without reforms that are in keeping with the business environment and needs. These include achieving a critical balance between ecological conservation and industrial expansion, as well as more efficient public sector governance. This edition of PAR includes an infographic on the key reforms required.
For all of the above, a digital ecosystem could prove to be the game-changer. India has flagged off the Rs 1,13,000 crore ‘e-Kranti’, or ‘Digital India’, initiative – the world’s most ambitious broadband project. MSLGROUP in India puts the initiative under the microscope.
We hope you enjoy reading it. For more information or feedback connect with our India team @MSLGROUP_India or reach out to us on Twitter @msl_group.
India’s dependence on coal for energy production is worrying. There is an urgent need to diversify energy sources; it could mean the difference between a robust economy and ones that struggles.
MSLGROUP in India’s latest public affairs newsletter analyses the government’s efforts to establish a renewable energy paradigm.
With solar power prices falling, it is clearly the focus of the push. Wind is another priority area. Ambitious targets have been set but the plan has its flaws. Critics point out that innovative funding models are required, so are tax incentives.
‘Public Affairs Round-up’ also puts under the microscope two landmark legislations – the controversial Land Acquisition Bill and the Insurance Bill. Both have been the subject of intense debate. While industry has lauded both of them, critics say the bills would have an adverse social and economic impact.
Similarly, the Goods and Services Tax (GST) finds itself at the centre of a political storm. A consensus among the states on it was elusive even as the government committed to implementing it next year.
What will they mean for India and will they help achieve the economic resurrection the country needs?
We hope you enjoy reading it. For more information or feedback connect with our India team @MSLGROUP_India or reach out to us on Twitter @msl_group.
This document discusses opportunities in the environment and green technology sector in India. It notes that India faces diverse environmental challenges that require quick solutions to prevent further degradation and employ technologies that reduce resource use and emissions. The government is pushing the environment sector and focusing on developing India in an environmentally sensitive way. This has made India ready for clean technologies and created opportunities in renewable energy, science and technology, and the green shift of the nation. The document provides details on market sizes, investments, developments, and government initiatives in these sectors to support a transition to cleaner technologies.
Dr Mahendra P Lama in Parallel Session A1 of Ninth South Asia Economic Summit (SAES) organised by Centre for Policy Dialogue (CPD) on 15-16 October 2016 presented on "Achieving Sustainable Energy for All in South Asia: Modalities of Cooperation". #SAES9 For further details visit: http://saes9.cpd.org.bd/
India's infrastructure sector has struggled with decades of underinvestment and dysfunction, leaving the country with poor transportation networks and unreliable power grids that have slowed economic growth. While private investment and reforms began in the 1990s, success has been mixed with infrastructure ranked poorly compared to countries like China. A key issue is the chronic electricity shortage, with widespread power outages affecting hundreds of millions. India also faces funding shortfalls and challenges attracting foreign investment to develop its estimated $1 trillion needed for infrastructure projects and support continued urbanization and economic growth.
India is the third largest producer and fourth largest consumer of electricity in the world. The government has set ambitious targets to add around 100 GW of capacity under the 13th Five-Year Plan and increase renewable energy capacity to 175 GW by 2022. Wind and solar energy are expected to contribute significantly to the renewable energy target. FDI of up to 100% is allowed in the power sector, which has boosted investments. Various government schemes also aim to boost rural electrification.
India renewable energy sector analysisRajesh Sarma
"India Renewable Energy Sector Analysis” Report gives detailed overview on the following aspect related to renewable energy sector in India:
Significance of renewable energy for India
Installed capacity by various renewable energy resources.
Government support and incentives for promotion of renewable energy by segment.
Current Scenario of decentralize/off grid renewable energy.
New sources of renewable energy: Hydro, Geothermal & Tidal energy.
Detailed policy framework related to renewable energy sector.
Future outlook for renewable energy in India
India is the third largest producer and third largest consumer of electricity globally, with a total installed capacity of 343.90 GW as of June 2018. The government has set ambitious expansion targets, aiming to add around 100 GW under the current five-year plan through 2022. Wind and solar energy are expected to contribute significantly, with targets of 60 GW and 100 GW respectively by 2022. Total renewable energy targets have been increased to 175 GW by 2022. Favorable policies around 100% FDI and various government schemes are driving robust growth across the power sector.
The document discusses India's oil and gas industry. It covers key topics like market size, investments, government initiatives, future outlook, and challenges. Some of the main points are:
- India's oil and gas sector plays a major role in the economy and energy demand is projected to double by 2040. The government allows 100% FDI and various policies to boost investment.
- Major players make large investments to increase capacity and diversify into renewable energy. The government aims to boost domestic production, expand infrastructure, and provide more LPG connections.
- India's energy demand is expected to grow rapidly due to economic growth. Oil consumption could reach 10 million barrels per day by 2030 and natural gas use
Asian Development Bank financing of tangsibji hydro energy ltdNirmal Sharda
The 118-MW run-of-the-river hydropower plant in central Bhutan received $120.5 million in financing from the Asian Development Bank (ADB), including loans and grants. The financing will help Bhutan generate additional income for social services while supplying clean energy to India. Power from the plant will be sold to India through a long-term agreement. ADB funding will also catalyze private sector investment in Bhutan's infrastructure and set a precedent for future lending on energy projects in the country. The involvement of ADB and Indian lenders will ensure the project follows best practices for construction bidding, power trading, and environmental and social safeguards.
The document provides an overview of India's oil and gas industry. It discusses key details about the industry including its importance to the Indian economy, market size and growth projections. It also outlines several major investments and initiatives by both private companies and the government to boost production and infrastructure in order to meet increasing domestic demand for oil and gas.
The document discusses several infrastructure development projects and initiatives in India:
1) The Modi government plans to invite global bids for construction of trunk infrastructure in five proposed smart cities by the end of the fiscal year.
2) Several highway projects worth over Rs 43,000 crore received no bids, worrying officials as ambitious targets are not being met.
3) India has pledged $100 million for upgrading the Chabahar port in Iran to improve trade connectivity with Afghanistan and Central Asia.
4) An agreement was signed for India and Japan to cooperate in developing Varanasi as a 'smart heritage city' modeled on Kyoto.
India is the third largest producer and third largest consumer of electricity globally. As of February 2019, India's total installed power capacity reached 350.16 GW. The country has achieved 100% household electrification and aims to source 175 GW of power from renewable sources like solar and wind by 2022. Major players in India's power sector include state-owned NTPC and NHPC, and private companies like Tata Power, Reliance Power, Adani Power, and CESC.
India has committed to reducing its emissions intensity by 20-25% below 2005 levels by 2020 through reducing emissions from energy use and increasing forestry measures. Key areas of investment opportunities in India include renewable energy such as wind and solar, energy efficiency, forestry projects, and CDM projects that provide carbon offsets. India has also introduced a clean energy tax on coal to fund emissions reduction programs and established regulatory frameworks around renewable energy goals and trading schemes.
The document provides an overview of renewable energy in India. It discusses the government's ambitious target of achieving 175 GW of renewable energy capacity by 2022. It also highlights the immense growth potential in the sector given India's low energy consumption currently and projections for significant increase in electricity demand. Further, it notes the increasing investments and foreign direct inflows in renewable energy in India as the sector has become very attractive.
The document provides an overview of the renewable energy sector in India. Some key points:
- India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022 to meet its commitments under the Paris Agreement.
- India added a record 11 GW of wind and solar capacity in 2016-17 and is expected to exceed its Paris Agreement goals.
- Solar power generation is projected to grow significantly, with the target for grid-connected solar power being increased to 100 GW by 2022 from the current 13 GW.
- Total renewable energy installed capacity in India stood at 103.92 GW as of July 2017, with hydropower making up the largest share at 44%. The renewable energy sector
Renewable Energy: An Assessment of Public Awareness in Jhansi Neeleshkumar Maurya
ABSTRACT India is one of the countries with the largest production of energy from renewable sources (solar light, bio gas, hydro, bio diesel, wind etc). Jhansi city has a very good scope to generate renewable energy due to their geographical situation and environmental factors. Diffusion methods are a key factor in promoting renewable energy production. Present time Indian government uses different types of effective extension education and diffusion method a deep gap which needs to be addressed in the area of energy education and awareness in India. This study aims to address the awareness of renewable energy and running Indian government different subsidy scheme like Jawaharlal Nehru National Solar Mission (JNNSM), Government Yojana: Solar Energy Subsidy Scheme, UDAY Scheme, SECI scheme, ROOFTOP scheme. Methodology used sample size was 250 respondents from Jhansi three different local area were chosen Shiva Ji Nagar, Veerangana, Kochha Bhanwar its duration from November 2018 to February 2019. Questionnaire based on self-structured questionnaires including demographic data that includes gender, age, income, education, area of residence, life quality, and interest of implementation. The statistical analysis used percentage and ratio, stated that middle class and rural respondents were more (76%)interested to use renewable energy, government launched different schemes but 96 % respondent had no knowledge. The government needs to improve its diffusion method that changes Indian people’s view of renewable energy not only economically but eco-friendly and helpful in various type of health issues. Keywords: Awareness -Renewable Energy, Diffusion method, government subsidy, eco-friendly.
Renewable Energy industry in india – a Path towards SustainabilityDr. Roger Achkar
India has traditionally relied heavily on non-renewable energy sources like coal, but is now shifting towards renewable sources to reduce emissions and tackle climate change. The government has set a target of installing 175 GW of renewable capacity by 2022, including 100 GW of solar and 60 GW of wind. Between 2010-2020, renewable energy consumption grew at a CAGR of 7.96% in India. While non-renewables still dominate energy consumption, the share of renewables has increased from 5.94% to 9.12% in the past decade. As of May 2021, India's total installed renewable capacity was 141.9 GW, with solar and wind being the largest components.
The document provides an overview of renewable energy in India. It discusses the following key points in 3 sentences:
India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022 to meet its commitments under the Paris Agreement. Renewable sources are expected to help meet 40% of India's power needs by 2030, driven by rapid growth in solar power capacity which is projected to outpace other sources and reach 100 GW by 2022. The renewable energy sector has attracted significant foreign investment and India has been ranked second in the Renewable Energy Attractiveness Index 2017 due to ample government support and improving project economics.
The document provides an overview of the renewable energy sector in India. It discusses India's ambitious targets of achieving 175 GW of renewable energy capacity by 2022. Key points include:
- India has low conventional energy resources but significant potential from solar and hydro energy. Renewables are expected to meet 40% of India's power needs by 2030.
- India added a record 11 GW of wind and solar capacity in 2016-17 and is expected to overachieve its Paris Agreement goals. The renewable energy sector has seen increasing investments and is an attractive sector for investors.
- As of October 2017, India's total renewable energy capacity stood at 104.9 GW, accounting for 31.69% of total installed
The document summarizes India's renewable energy sector. It states that India has set ambitious targets of achieving 175 GW of renewable energy capacity by 2022, including 100 GW of solar capacity and 60 GW of wind power capacity. It also notes that India added a record 11,788 MW of renewable energy capacity in 2017-18. Competition in the sector has risen, especially in solar power, where tariffs reached a record low of Rs 2.43 per unit in December 2017. Large integrated players are in a better position compared to smaller contractors. More than US$42 billion has been invested in India's renewable energy sector since 2014.
The document provides an overview of renewable energy in India, including:
- India has set ambitious targets of achieving 175 GW of renewable energy capacity by 2022, including 100 GW of solar capacity and 60 GW of wind power.
- Renewable energy capacity and generation in India has increased rapidly in recent years, with India adding a record 11,788 MW of renewable energy capacity in 2017-18.
- Solar power generation growth is expected to outpace other sources, with India aiming to reach 100 GW of solar capacity by 2022 to meet its targets.
- Other strategies adopted by the government include developing solar cities, approving solar parks, and drafting a new hydroelectric power policy to support growth in renewable
The document provides an overview of renewable energy in India. It discusses the following key points in 3 sentences:
1) The Government of India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022, including 100 GW from solar power.
2) India has immense potential for renewable energy due to its favorable geographic location and receives about 300 days of sunshine annually.
3) Installed renewable energy capacity has grown steadily over the years at a CAGR of 8.39% between FY07-FY18*, with solar power generation expected to grow the most to meet targets.
True capital usa & aum clean energy india executive summaryenergyvijay
TrueCapital is a consulting and investment firm focused on the clean energy sector in India. It plans to leverage its relationships with political and industry leaders in Texas and India to consult on clean energy projects and launch a $120 million private equity fund. TrueCapital's management team has extensive experience and relationships within the Indian and US governments and clean energy industries. The firm sees opportunities in investing in approved renewable energy projects in India and Texas, where demand is outpacing supply and political and economic conditions are favorable for clean energy growth. TrueCapital is seeking a joint venture partner to help build infrastructure and provide capital for its consulting initiatives and private equity fund.
The document provides an executive summary of renewable energy in India. It discusses India's ambitious targets to achieve 175 GW of renewable energy capacity by 2022. It highlights that India added a record 11 GW of wind and solar capacity in 2016-17 and is expected to overachieve its Paris Agreement goals. Renewable sources are also expected to help meet 40% of India's power needs by 2030. The renewable energy sector in India has seen increasing investments and is an attractive sector for investors due to the ample government push and improving economics.
This document discusses the proposed 1,320 megawatt coal-fired Rampal power plant in Bangladesh that threatens the Sundarbans mangrove forest. The Sundarbans is home to endangered species and supports the livelihoods of millions of people, and the plant would pollute the forest's air and water. International investors including development banks are backing the project through financing to Indian state-owned companies involved despite environmental and social risks. The Bangladeshi government is moving forward with the project despite warnings from scientists and UNESCO about the threats to the forest and country from climate change impacts like flooding.
The document summarizes India's renewable energy sector. It states that India has set ambitious targets of achieving 175 GW of renewable energy capacity by 2022, including 100 GW of solar capacity and 60 GW of wind power capacity. Solar capacity addition is expected to outpace other sources and reach 100 GW by 2022. The renewable energy sector in India has seen immense growth and is attracting significant investments due to the government's push for clean energy and falling costs.
The document provides an overview of renewable energy in India. Some key points:
- India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022, to meet its commitments under the Paris Agreement.
- Solar power generation growth is expected to significantly outpace other sources, with a target of 100 GW by 2022 compared to current levels of 17 GW.
- Government policies like the National Offshore Wind Energy Policy and Repowering Policy are driving growth in the renewable energy sector.
- India's abundant solar resources and supportive government policies and targets make it an attractive market for renewable energy.
The document discusses India's oil and gas industry. It covers key topics like market size, investments, government initiatives, future outlook, and challenges. Some of the main points are:
- India's oil and gas sector plays a major role in the economy and energy demand is projected to double by 2040. The government allows 100% FDI and various policies to boost investment.
- Major players make large investments to increase capacity and diversify into renewable energy. The government aims to boost domestic production, expand infrastructure, and provide more LPG connections.
- India's energy demand is expected to grow rapidly due to economic growth. Oil consumption could reach 10 million barrels per day by 2030 and natural gas use
Asian Development Bank financing of tangsibji hydro energy ltdNirmal Sharda
The 118-MW run-of-the-river hydropower plant in central Bhutan received $120.5 million in financing from the Asian Development Bank (ADB), including loans and grants. The financing will help Bhutan generate additional income for social services while supplying clean energy to India. Power from the plant will be sold to India through a long-term agreement. ADB funding will also catalyze private sector investment in Bhutan's infrastructure and set a precedent for future lending on energy projects in the country. The involvement of ADB and Indian lenders will ensure the project follows best practices for construction bidding, power trading, and environmental and social safeguards.
The document provides an overview of India's oil and gas industry. It discusses key details about the industry including its importance to the Indian economy, market size and growth projections. It also outlines several major investments and initiatives by both private companies and the government to boost production and infrastructure in order to meet increasing domestic demand for oil and gas.
The document discusses several infrastructure development projects and initiatives in India:
1) The Modi government plans to invite global bids for construction of trunk infrastructure in five proposed smart cities by the end of the fiscal year.
2) Several highway projects worth over Rs 43,000 crore received no bids, worrying officials as ambitious targets are not being met.
3) India has pledged $100 million for upgrading the Chabahar port in Iran to improve trade connectivity with Afghanistan and Central Asia.
4) An agreement was signed for India and Japan to cooperate in developing Varanasi as a 'smart heritage city' modeled on Kyoto.
India is the third largest producer and third largest consumer of electricity globally. As of February 2019, India's total installed power capacity reached 350.16 GW. The country has achieved 100% household electrification and aims to source 175 GW of power from renewable sources like solar and wind by 2022. Major players in India's power sector include state-owned NTPC and NHPC, and private companies like Tata Power, Reliance Power, Adani Power, and CESC.
India has committed to reducing its emissions intensity by 20-25% below 2005 levels by 2020 through reducing emissions from energy use and increasing forestry measures. Key areas of investment opportunities in India include renewable energy such as wind and solar, energy efficiency, forestry projects, and CDM projects that provide carbon offsets. India has also introduced a clean energy tax on coal to fund emissions reduction programs and established regulatory frameworks around renewable energy goals and trading schemes.
The document provides an overview of renewable energy in India. It discusses the government's ambitious target of achieving 175 GW of renewable energy capacity by 2022. It also highlights the immense growth potential in the sector given India's low energy consumption currently and projections for significant increase in electricity demand. Further, it notes the increasing investments and foreign direct inflows in renewable energy in India as the sector has become very attractive.
The document provides an overview of the renewable energy sector in India. Some key points:
- India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022 to meet its commitments under the Paris Agreement.
- India added a record 11 GW of wind and solar capacity in 2016-17 and is expected to exceed its Paris Agreement goals.
- Solar power generation is projected to grow significantly, with the target for grid-connected solar power being increased to 100 GW by 2022 from the current 13 GW.
- Total renewable energy installed capacity in India stood at 103.92 GW as of July 2017, with hydropower making up the largest share at 44%. The renewable energy sector
Renewable Energy: An Assessment of Public Awareness in Jhansi Neeleshkumar Maurya
ABSTRACT India is one of the countries with the largest production of energy from renewable sources (solar light, bio gas, hydro, bio diesel, wind etc). Jhansi city has a very good scope to generate renewable energy due to their geographical situation and environmental factors. Diffusion methods are a key factor in promoting renewable energy production. Present time Indian government uses different types of effective extension education and diffusion method a deep gap which needs to be addressed in the area of energy education and awareness in India. This study aims to address the awareness of renewable energy and running Indian government different subsidy scheme like Jawaharlal Nehru National Solar Mission (JNNSM), Government Yojana: Solar Energy Subsidy Scheme, UDAY Scheme, SECI scheme, ROOFTOP scheme. Methodology used sample size was 250 respondents from Jhansi three different local area were chosen Shiva Ji Nagar, Veerangana, Kochha Bhanwar its duration from November 2018 to February 2019. Questionnaire based on self-structured questionnaires including demographic data that includes gender, age, income, education, area of residence, life quality, and interest of implementation. The statistical analysis used percentage and ratio, stated that middle class and rural respondents were more (76%)interested to use renewable energy, government launched different schemes but 96 % respondent had no knowledge. The government needs to improve its diffusion method that changes Indian people’s view of renewable energy not only economically but eco-friendly and helpful in various type of health issues. Keywords: Awareness -Renewable Energy, Diffusion method, government subsidy, eco-friendly.
Renewable Energy industry in india – a Path towards SustainabilityDr. Roger Achkar
India has traditionally relied heavily on non-renewable energy sources like coal, but is now shifting towards renewable sources to reduce emissions and tackle climate change. The government has set a target of installing 175 GW of renewable capacity by 2022, including 100 GW of solar and 60 GW of wind. Between 2010-2020, renewable energy consumption grew at a CAGR of 7.96% in India. While non-renewables still dominate energy consumption, the share of renewables has increased from 5.94% to 9.12% in the past decade. As of May 2021, India's total installed renewable capacity was 141.9 GW, with solar and wind being the largest components.
The document provides an overview of renewable energy in India. It discusses the following key points in 3 sentences:
India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022 to meet its commitments under the Paris Agreement. Renewable sources are expected to help meet 40% of India's power needs by 2030, driven by rapid growth in solar power capacity which is projected to outpace other sources and reach 100 GW by 2022. The renewable energy sector has attracted significant foreign investment and India has been ranked second in the Renewable Energy Attractiveness Index 2017 due to ample government support and improving project economics.
The document provides an overview of the renewable energy sector in India. It discusses India's ambitious targets of achieving 175 GW of renewable energy capacity by 2022. Key points include:
- India has low conventional energy resources but significant potential from solar and hydro energy. Renewables are expected to meet 40% of India's power needs by 2030.
- India added a record 11 GW of wind and solar capacity in 2016-17 and is expected to overachieve its Paris Agreement goals. The renewable energy sector has seen increasing investments and is an attractive sector for investors.
- As of October 2017, India's total renewable energy capacity stood at 104.9 GW, accounting for 31.69% of total installed
The document summarizes India's renewable energy sector. It states that India has set ambitious targets of achieving 175 GW of renewable energy capacity by 2022, including 100 GW of solar capacity and 60 GW of wind power capacity. It also notes that India added a record 11,788 MW of renewable energy capacity in 2017-18. Competition in the sector has risen, especially in solar power, where tariffs reached a record low of Rs 2.43 per unit in December 2017. Large integrated players are in a better position compared to smaller contractors. More than US$42 billion has been invested in India's renewable energy sector since 2014.
The document provides an overview of renewable energy in India, including:
- India has set ambitious targets of achieving 175 GW of renewable energy capacity by 2022, including 100 GW of solar capacity and 60 GW of wind power.
- Renewable energy capacity and generation in India has increased rapidly in recent years, with India adding a record 11,788 MW of renewable energy capacity in 2017-18.
- Solar power generation growth is expected to outpace other sources, with India aiming to reach 100 GW of solar capacity by 2022 to meet its targets.
- Other strategies adopted by the government include developing solar cities, approving solar parks, and drafting a new hydroelectric power policy to support growth in renewable
The document provides an overview of renewable energy in India. It discusses the following key points in 3 sentences:
1) The Government of India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022, including 100 GW from solar power.
2) India has immense potential for renewable energy due to its favorable geographic location and receives about 300 days of sunshine annually.
3) Installed renewable energy capacity has grown steadily over the years at a CAGR of 8.39% between FY07-FY18*, with solar power generation expected to grow the most to meet targets.
True capital usa & aum clean energy india executive summaryenergyvijay
TrueCapital is a consulting and investment firm focused on the clean energy sector in India. It plans to leverage its relationships with political and industry leaders in Texas and India to consult on clean energy projects and launch a $120 million private equity fund. TrueCapital's management team has extensive experience and relationships within the Indian and US governments and clean energy industries. The firm sees opportunities in investing in approved renewable energy projects in India and Texas, where demand is outpacing supply and political and economic conditions are favorable for clean energy growth. TrueCapital is seeking a joint venture partner to help build infrastructure and provide capital for its consulting initiatives and private equity fund.
The document provides an executive summary of renewable energy in India. It discusses India's ambitious targets to achieve 175 GW of renewable energy capacity by 2022. It highlights that India added a record 11 GW of wind and solar capacity in 2016-17 and is expected to overachieve its Paris Agreement goals. Renewable sources are also expected to help meet 40% of India's power needs by 2030. The renewable energy sector in India has seen increasing investments and is an attractive sector for investors due to the ample government push and improving economics.
This document discusses the proposed 1,320 megawatt coal-fired Rampal power plant in Bangladesh that threatens the Sundarbans mangrove forest. The Sundarbans is home to endangered species and supports the livelihoods of millions of people, and the plant would pollute the forest's air and water. International investors including development banks are backing the project through financing to Indian state-owned companies involved despite environmental and social risks. The Bangladeshi government is moving forward with the project despite warnings from scientists and UNESCO about the threats to the forest and country from climate change impacts like flooding.
The document summarizes India's renewable energy sector. It states that India has set ambitious targets of achieving 175 GW of renewable energy capacity by 2022, including 100 GW of solar capacity and 60 GW of wind power capacity. Solar capacity addition is expected to outpace other sources and reach 100 GW by 2022. The renewable energy sector in India has seen immense growth and is attracting significant investments due to the government's push for clean energy and falling costs.
The document provides an overview of renewable energy in India. Some key points:
- India has set an ambitious target of achieving 175 GW of renewable energy capacity by 2022, to meet its commitments under the Paris Agreement.
- Solar power generation growth is expected to significantly outpace other sources, with a target of 100 GW by 2022 compared to current levels of 17 GW.
- Government policies like the National Offshore Wind Energy Policy and Repowering Policy are driving growth in the renewable energy sector.
- India's abundant solar resources and supportive government policies and targets make it an attractive market for renewable energy.
This weekly newsletter provides updates across various sectors of the Indian economy and business world. Key highlights include:
- India committed Rs. 11.87 trillion in investments in renewable energy projects at an investor summit in Andhra Pradesh.
- The tourism sector saw a rise in foreign tourist arrivals with the government working on boosting tourism destinations.
- Pharma industry is bracing for tighter manufacturing regulations following incidents involving Indian pharmaceutical products.
- GST collections reached a record high of Rs. 1.12 lakh crore in August 2021 indicating economic recovery.
- Corporate updates include Amazon Pay being fined over Rs. 3 crore by RBI for non-compliance and IndiGo in talks to order over 500
This weekly newsletter provides updates across various sectors of the Indian economy and business world. Key highlights include:
- India received investments worth Rs. 11.87 trillion in its renewable energy sector at an investor summit in Andhra Pradesh.
- The government approved India's largest hydropower project, a Rs. 1.6 trillion project in Arunachal Pradesh near the Chinese border.
- GST collections reached a record high of Rs. 1.12 lakh crore in August 2021, indicating an economic recovery.
- India's GDP growth slowed to 4.4% in the October-December quarter of 2021, with manufacturing contracting.
The document discusses accelerating hydropower development in India. It notes that while India has large hydropower potential, only a small portion has been developed so far. Recent renewable energy targets and expected electricity demand increases necessitate greater reliance on hydropower due to its ability to support the grid and balance the variability of renewables like solar and wind. However, hydropower development in India faces barriers like land acquisition challenges, environmental clearances, and lack of long-term power purchase agreements that increase costs. The document proposes an action plan to address these issues and create a level playing field for hydropower to attract more private sector investment and accelerate its development.
The document provides an overview and summary of renewable energy in India. Some key points:
- India has set ambitious targets of achieving 175 GW of renewable energy capacity by 2022, including 100 GW of solar capacity and 60 GW of wind power capacity.
- India added a record 11,788 MW of renewable energy capacity in 2017-18 and is expected to overachieve its Paris Agreement goals.
- Renewable sources are expected to help meet 40% of India's power needs by 2030. The renewable energy sector has seen increasing investments, with over $6 billion in FDI between April 2000-December 2017.
A PROJECT REPORT ON ANALYSIS OF FINANCIAL STATEMENTS OF NATIONAL THERMAL PO...Rohit Kumar
This document provides an executive summary of a project report on the analysis of financial statements of National Thermal Power Corporation (NTPC) in India. The summary discusses India's growing energy demand driven by rapid economic growth and the important role played by NTPC in meeting this demand. It notes NTPC's ambition to add significant new generation capacity by 2030 to support India's economic development. It concludes that urgent policy actions are needed by governments around the world, including India, to curb emissions growth from fossil fuels and transition to more sustainable energy systems.
Cover Story_Green Bonds in India_PrernaPrerna Singh
Green Bonds in India collect money for environmental projects issued by governments, banks, and private corporations. They function like regular bonds but the funds must be used for qualifying green projects. Yes Bank issued India's first green bond in 2015 to fund renewable energy projects, and other issuances have followed. Reaching India's targets for renewable energy growth will require large investments estimated at $2.5 trillion that can potentially be supported by green bonds and offshore funding sources.
India presents lucrative opportunities for clean technology companies as it is one of the fastest growing economies in the world. The government prioritizes clean energy such as solar, hydro, and wind to reduce emissions and meet growing energy demand. The renewable energy market in India is estimated to be worth $17 billion and growing at 15% annually, yet only 20 GW of the over 200 GW potential has been tapped so far. The government offers various incentives for renewable energy projects and has set targets to develop biomass, solar, hydro, and other clean energy sources by 2020.
The document discusses several infrastructure development projects and initiatives in India:
1) The Modi government plans to invite global bids for construction of trunk infrastructure in five proposed smart cities by the end of the fiscal year.
2) Several highway projects worth over Rs 43,000 crore received no bids due to factors like credit squeeze, rising NPAs, and land/regulatory issues impeding infrastructure growth.
3) India has pledged $100 million for upgrading Iran's Chabahar port to improve trade connectivity with Afghanistan and Central Asia.
The document discusses several infrastructure development projects and initiatives in India:
1) The Modi government plans to invite global bids for construction of trunk infrastructure in five proposed smart cities by the end of the fiscal year.
2) Several highway projects worth over Rs 43,000 crore received no bids, worrying officials as ambitious targets are not being met.
3) India has pledged $100 million for upgrading the Chabahar port in Iran to improve trade connectivity with Afghanistan and Central Asia.
4) An agreement was signed for India and Japan to cooperate in developing Varanasi as a 'smart heritage city' modeled on Kyoto.
The document summarizes discussions from an energy sector conference held by the Confederation of Indian Industry (CII). It includes quotes from key government officials outlining ambitious targets and investments for India's energy sector over the next 5-10 years. Piyush Goyal, Minister for Coal, Power and Renewable Energy, expects $250 billion in investments in the power sector and targets of 150% growth in coal production and renewable energy growing 5 times. Nitin Gadkari, Minister for Transportation, promotes biofuels as socioeconomic change agents that can address issues like farmer suicides and diversify agriculture. Other speakers discuss increasing domestic energy sources like coal and biofuels to reduce imports and ensure energy security.
India is the third largest producer and fourth largest consumer of electricity globally. The country aims to add 88.5 GW of capacity under the 12th Five-Year Plan and 100 GW under the 13th Five-Year Plan through large investments. Renewable energy is also expected to grow substantially with targets of 60 GW from wind and 100 GW from solar by 2022. India allows 100% FDI in the power sector and has seen US$11.8 billion inflows into the sector since 2000.
The document provides an overview of India's power sector, highlighting that:
- India is the third largest producer and fourth largest consumer of electricity globally, with installed capacity reaching 334.1 GW as of February 2018.
- The government aims to add around 100 GW of capacity under the 13th Five-Year Plan and increase renewable energy capacity to 175 GW by 2022.
- Thermal power makes up the largest share of installed capacity at 65.71%, followed by renewable energy at 18.81% and hydro power at 13.46%. Major players in the sector include NTPC, Tata Power, Reliance Power, and CESC Limited.
- Power generation has grown significantly over the
The document discusses India and the UK's strong economic relationship, with the UK being the 3rd largest investor in India. It then summarizes investment opportunities and initiatives in Andhra Pradesh, India's sunrise state, which aims to become a major economic growth engine. Key points include Andhra Pradesh ranking highly on ease of doing business, its focus on sectors like infrastructure development, renewable energy and logistics hubs, and the pro-business policies of the state's Chief Minister.
The document summarizes India's renewable energy sector. It states that the Government of India has set ambitious targets of achieving 175 GW of renewable energy capacity by 2022, including 100 GW of solar capacity and 60 GW of wind power capacity. As of June 2018, the target has been increased to 225 GW by 2022. Currently, total installed renewable energy capacity stands at 114.43 GW as of May 2018. Solar power generation growth is expected to outpace other sources, with targets to reach 100 GW by 2022. Strategies adopted by companies include full integration across manufacturing, installation and maintenance as well as securing power purchase agreements at lower tariffs through competitive bidding.
The document provides an overview of renewable energy in India. Some key points:
- India has set ambitious targets of achieving 175 GW of renewable energy capacity by 2022, including 100 GW of solar capacity and 60 GW of wind power capacity.
- India added a record 11,788 MW of renewable energy capacity in 2017-18. Overall renewable energy capacity has increased at a CAGR of 19.78% between FY14-18.
- Solar power generation growth is expected to outpace other sources, with a target of 100 GW of solar capacity by 2022. Tariffs have declined significantly in recent years.
India is the third largest producer and fourth largest consumer of electricity globally. The total installed power capacity reached 330.3 GW as of June 2017. The government aims to add 88.5 GW of capacity under the 12th Plan and 100 GW under the 13th Plan. Total investments of $250 billion are planned for the power sector during the 12th Plan. Major players in the sector include NTPC, Tata Power, Reliance Power, and NHPC. The share of renewable energy sources like wind and solar are also growing significantly.
Similar to Big Push for the Development of Hydropower in India (20)
This brief report aims to throw light on the critical lapses and breaches which have been committed during the design, pre-appraisal and Strategic Environmental and Social Assessment – Environment and Social Management Framework (SESA-ESMF) procedures for Project PI59808: India- Proposed Amaravati Sustainable Capital City Development Project, by both World Bank [for 300 mn USD] and Asian Infrastructure Investment Bank Project PD000019-PSI-IND [for 200 mn USD]. The report also shares the recent updates from the communities of the project area ear-marked for building the capital city.
This project has now been renamed in 2019 as Amaravati Sustainable Infrastructure and Institutional Development Project (ASIIDP), in both the World Bank and AIIB project pages.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. The archive can be accessed at http://www.cenfa.org/newsletter-archive/
To subscribe, email us at newsletter@cenfa.org
कैंब्रिज के अर्थशास्त्री, हा-जून चांग का मानना है कि ‘अर्थशास्त्र का 95 प्रतिशत सिर्फ सामान्य समझ है, जिसे गणित और भारी-भरकम शब्दावली का प्रयोग करके मुश्किल बनाया जाता है।’ इससे हम समझ सकते हैं कि लोग वित्त से जुड़े मामलों से दूर क्यों रहते हैं। सरकारें नयी परियोजनाओं, योजनाओं और कार्यक्रमों की घोषणा करती हैं जिन पर भारी मात्रा में जनता के पैसे ख़र्च होते हैं। इन सभी को ‘विकास’ तथा नागरिकों के जीवन में सुधार लाने के नाम पर औचित्यपूर्ण ठहराया जाता है। शायद ही कभी इन परियोजनाओं के वित्तपोषण के स्रोत, इनकी वित्तीय व्यवहार्यता या राजकोष पर इससे पड़ने वाले वित्तीय भार पर कोई सवाल उठाया जाता है। यह काम बस ‘विशेषज्ञों’ पर छोड़ दिया जाता है। कुछेक मामलों में ऐसे कुछ सवाल खड़े भी किए गए तो उन्हें सार्वजनिक भलाई और प्रगति के नाम पर चुप करा दिया गया।
दिल्ली मेट्रो भी एक ऐसा ही उदाहरण है जहाँ इसकी आलोचना से संबंधित सवालों को ज्यादा तवज्जो नहीं दी गई तथा मेट्रो की चमक-धमक और ‘सुविधा’ के कारण बहुत आसानी से ऐसा प्रतीत कराया गया कि सब ठीक-ठाक है।
दिल्ली मेट्रो के प्रभाव, शहर में सड़कों पर भीड़-भाड़ कम करने में इसकी सफलता, इसका खर्च उठाने की हमारी क्षमता, वित्तीय व्यवहार्यता तथा यातायात एवं परिवहन के अन्य साधनों से इसकी तुलना करने के लिए एक समीक्षात्मक अध्ययन किए बगैर इसे अन्य शहरों में बढ़ावा दिया जा रहा है और ‘दुहराया’ जा रहा है।
किसी भी परियोजना की कुल लागत सिर्फ ‘वित्त’ तक ही सीमित नहीं होती। ऐसी कई अन्य लागतें होती हैं जिन्हें पैसे से जोड़कर नहीं देखा जा सकता, जैसे सामाजिक तथा पर्यावरणीय लागत। इस बात को मानते हुए, इस अध्ययन में केवल दिल्ली मेट्रो की वित्तीय लागत तथा व्यवहार्यता पर ही ध्यान दिया जा रहा है।
हम उम्मीद करते हैं कि यह अध्ययन आम लोगों को दिल्ली मेट्रो के वित्तीय पक्षों को समझने में मदद करेगा तथा अन्य शहरों में ‘मेट्रो’ की ‘लागत’ पर एक चर्चा शुरू करने में योगदान देगा, इससे पहले कि उन्हें शहर के नागरिकों पर थोप दिया जाए। इसके अतिरिक्त, हम यह भी आशा करते हैं कि इसके जरिए ‘किसका पैसा’ और उसे ‘किस तरह खर्च किया जा रहा है’ जैसे बुनियादी सवालों को उठाने में भी मदद मिलेगी।
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. The archive can be accessed at http://www.cenfa.org/newsletter-archive/
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Public-Private Partnerships — or PPPs — are increasingly being promoted as a way to finance development projects. This report gives an in-depth, evidence-based analysis of the impact of 10 PPP projects, including two from India, that have taken place across four continents and in both developed and developing countries.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. The archive can be accessed at http://www.cenfa.org/newsletter-archive/
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The last five years have been a watershed moment in Indian politics and the economy. The NDA alliance’s grand victory on the agenda of development and good days to come (achhe din) started off on a high note. But after five years, the NDA government stands delegitimized. But what followed was brazen violence against minorities, Dalits, Adivasi, women and marginal sections of the society, systematic destruction of institutions, forced poverty, the decimation of the informal sector, corruption unemployment and a stressed economy. And today, the NDA government stands delegitimized, so much so that it is termed as a quantum leap backwards.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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What’s Simmering Under The Blue Green City: The case study on Amaravati Sustainable Capital City Development
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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Delhi Metro is the largest metro system in India and is also considered one of the most “successful” public transport projects. After nearly three decades of construction and operation in Delhi, the demand for creating metro systems in all million plus cities has grown despite being a capital intensive project. Few scholarly articles published in the last decade which have questioned the relevance of metro system in Indian cities have often been dismissed by the policymakers and popular media.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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The Asian region has experienced the emergence of new MDBs over last few years. For many years, the Asian Development Bank was the only development bank in the region and has been dominated by the Japanese owing to the number of votes it has as compared to other members. However, the newly constituted NDB in 2014 has two key Asian members, India and China. The Asian Infrastructure Investment Bank (AIIB) led and initiated by China in 2015, and with a mandate to have at minimum 70% of shares allocated to Asian countries is sure to become another major player to support infrastructure development activities of the region as well as global south. The AIIB and NDB are two separate entities in their operations and constitution even though there are overlaps in memberships of the two banks.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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The report “Citizens' Report on the “Four Years of the NDA Government, 2014-18: Promises & Reality” – a civil society initiative' is a collective work by experts, development networks and civil society organisations working on diverse concerns and issues with the marginalized and vulnerable population groups – Dalits, Tribals, children, youth, women, LGBTQ, people with disabilities, bonded labour, urban poor to name a few. The report also compiles articles on critical development issues of education, health, water and sanitation, land rights, economy, budgets, fiscal policies, civil society space, media, human rights, labour and employment, environment, parliament functioning, governance to mention some. In addition to the report, various individuals and organisations have used the visual media, making short videos on their critical concerns about the government's performance.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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AIIB’s proposed deal with India’s $2.1 billion National Investment and Infrastructure Fund (NIIF) would also threaten to revive a host of stalled projects in the country potentially including coal, power, petroleum, railways and roads – many of which are currently shelved because of high social and environmental risks and opposition by local communities.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. The archive can be accessed at http://www.cenfa.org/newsletter-archive/
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Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas.
For more information visit http://www.cenfa.org
Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. The archive can be accessed at http://www.cenfa.org/newsletter-archive/
To subscribe, email us at newsletter@cenfa.org
FAQ on BRICS, NDB & AIIB
Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas.
For more information visit http://www.cenfa.org
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As a result of the frustration of not being let join the top table of the Bretton Woods institutions, the BRICS grouping and its members have gone about setting up their own new IFIs in recent years, as an implicit challenge to the hegemony and financial control of traditional Western powers. While they have often used the language of South-‐South solidarity, and of transforming global dynamics to more genuinely address and include the needs and wants of the majority of the world living in the Global South, but many still see the BRICS financial projects as reflecting not a desire for radical economic transformation, but a wish to establish themselves as new hegemonic global powers, and assert the same control of international economic dynamics that Western powers previously had.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas.
For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance.
The archive can be accessed at http://www.cenfa.org/newsletter-archive/ To subscribe, email us at newsletter@cenfa.org
The report, released by the Bank Information Centre-Europe and Centre for Financial Accountability, titled ‘Financing the future? The Asian Infrastructure Investment Bank and India’s National Investment and Infrastructure Fund’ warns that the AIIB do due diligence at all levels before approving a new $200m deal with India in April for fear of turning the key on some highly-controversial projects now being stalled by the local community.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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The document provides an analysis of the Indian government's budget allocations for Dalits and Tribals. It notes that the Tribal Sub Plan and Special Component Plan were established to allocate funds for Dalits and Tribals in proportion to their population. However, an examination of budgets shows that claims of increased allocations are misleading, and in reality funding suffers from the same discrimination faced by these communities. Key features of guidelines for these allocations are also outlined, including that funds should be non-lapsable, non-divertible, and spent only on programs directly benefiting these groups.
Parliamentary Supremacy Undermined? An Analysis of Parliamentary Debates in India on International Financial Institutions (1984-2009)
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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क्लीन लीन एंड ग्रीन? एशिया इन्फ़्रस्ट्रक्चर बैंक के बारे में संक्षिप्त विवरण
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
We also publish Finance Matters, a weekly newsletter on the development finance. Archive can be accessed at http://www.cenfa.org/newsletter-archive/
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Mapping Coal Project Finances in India
Who finances coal projects in India?
What is the quantum of money behind these large coal projects?
What proportion is financed by international financial institutions and national financial institutions?
Which are the key states with most lending?
These are some of the questions the new report is trying to address.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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New Report, looking into the share of particular sectors -in particular, power, steel infrastructure – in the growing non-performing assets (NPAs) and stressed assets, which has touched at a whopping INR 14 lakh crores.
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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Clean Lean And Green? A Short Briefing on the Asian Infrastructure Investment Bank
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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Blue Economy and Sagarmala have all the ingredients of overoptimism and overcomplexity, poor execution, weakness in organizational design and capabilities, and challenges and potential bankruptcy. Most importantly, what could obviously derail the project is lack of participation of the communities who know their oceans the best.
Financial Analysis of the Blue Economy: Sagarmala’s Case in Point by Dr Himanshu Damle of Public Finance Public Accountability Collective, New Delhi
The Centre for Financial Accountability aims to strengthen and improve financial accountability within India by engaging in critical analysis, monitoring and critique of the role of financial institutions – national and international, and their impact on development, human rights and the environment, amongst other areas. For more information visit http://www.cenfa.org Get in touch with us at info@cenfa.org
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More from Centre for Financial Accountability (20)
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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Big Push for the Development of Hydropower in India
1. BRIEFING PAPER
May 2018
Big Push for the Development of
Hydropower in India
There has been worldwide growth in hydropower development, with 31.5 GW new
capacity installed in 2016. This figure includes 6.4 GW of pumped storage – nearly double
the previous year – while there is a further 20 GW of pumped storage under construction
globally. This growth is indicative of impending pressure on hydropower in providing
flexible support to renewable energy systems, as countries around the world take steps to
meet the carbon reduction goals of the Paris Agreement.
India is the seventh largest producer of hydroelectric power in the world with the installed
capacity of 49769 MW. This capacity includes 45,293 MW of large hydro, which is 13.6%
of total utility electricity generation in India. Besides, small hydropower units with a
cumulative capacity of 4,476 MW have been installed under renewable energy.
The hydropower sector is dominated by the Center and states with an installed capacity of
29,858 MW and 12,041 MW respectively, whereas private sector produces only 3,384 MW
of hydropower.
The public sector has a dominant share of 92.5% in the hydroelectric sector. National
Hydroelectric Power Corporation (NHPC), Northeast Electric Power Company
(NEEPCO), Sutlej Jal Vidyut Nigam (SJVNL), THDC (Tehri Hydro Development
Corporation Ltd) , NTPC-Hydro are some of the public sector companies engaged in the
development of hydroelectric power in India. The private sector owns about 7.5% of the
total capacity. However, the share of the private sector is expected to increase in the
coming years. Indian companies have also constructed hydropower projects in Bhutan,
Nepal, Afghanistan and other countries.
The government, to attract the private sector in the hydropower, began discussions in
2016 to extend the scope of renewable energy to include hydropower stations with
capacities higher than 25 MW. This will help the government in meeting the target of
producing renewable energy of 175 GW by 2022. Recently on March 13, 2018, the
Standing Committee on Energy tabled its report on the parliament to resolves issues such
R-21, Ground Floor, South Extension II, New Delhi – 110049 | info@cenfa.org | www.cenfa.org
2. 2
as providing a long-term cheaper loan, enabling infrastructure for hydropower projects and
classifying all hydro projects as renewable.
Under the Paris Agreement, India is also committed to focus on clean energy
expansion by 2022. In 2015, the Modi government announced that by 2022, India would
have clean energy targets of 175 GW, with 100 GW for solar, 60 GW for wind, and 15 GW
for other renewables. This would have given a push to hydropower sector in India. The
focus of hydropower projects would be mainly on Himalayan states like Arunachal
Pradesh, Assam, Himachal Pradesh, Jammu and Kashmir, Mizoram, Manipur, Nagaland,
Meghalaya, Uttarakhand, Sikkim and Tripura. As per the Central Electricity Authority
(CEA), the total potential hydropower in India is 1, 48,704 MW, of which 84% potential
hydropower is concentrated in the Himalayan region. Additionally, Bangladesh, India and
Bhutan have signed a memorandum of understanding to construct the 1,125 MW Dorjilung
plant in Bhutan.
It is noteworthy that currently, coal-based power projects are under threat due to lack of
coal linkages and power purchase agreements, thus stalling many existing power projects
and discouraging many companies from expanding to new coal power projects. This would
give a boost to hydropower projects in many regions, especially in the Himalayan regions.
Private players have been insisting that out of the total power production at least 40%
should come from hydropower. In a letter written to the government last year, Association
of Power Producers (APP), a forum of private power companies in India, had sought
renewable energy status for hydropower projects.
In the letter, Ashok Khurana, Director-General, APP, wrote, “For optimal load
management, hydro needs to be around 40% of the energy mix. During the last three
decades, the hydro generation has deteriorated considerably. The introduction of hydro
purchase obligation will help restore the balance.”
Categorizing all hydropower projects as renewable energy is not only government’s
agenda, but also the pressure has also been coming from private players, international
financial Institutions and other actors. World Bank on its website mentions, “The World
Bank Group (WBG) will continue to support well-designed and implemented hydropower
projects of all sizes for both local development and climate mitigation reasons.”
After the Paris Agreement, there is a push to increase hydropower share with the pressure
is coming from both national and international actors. As mentioned above, the Standing
Committee on Energy has already tabled its report on the Parliament to bring hydropower
projects of all size under renewable energy. This change will push hydropower in the
Himalayan states and only increase the private sector investment. This step will also
fulfil the World Bank and ADB’s agenda of pushing Public Private Partnership (PPP) in the
sector. It is shocking that the government of India has not learnt from the past experiences
of large hydropower projects like Sardar Sarovar and Maheshwar dams on Narmada
valley in Madhya Pradesh, or Bhakra Nangal Dam on Satluj Valley in Himachal. These
3. 3
projects have caused displacement of thousands of people from their ancestral place,
destruction of livelihoods and violation of human rights. After many years of the struggle,
thousands of displaced people from the projects mentioned above are still waiting for
justice.
The Trends in Hydro Power Financing in India
As countries around the world take steps to meet the carbon reduction goals of the Paris
Agreement, the growth in hydropower sector is indicative of impending pressure on the
sector in providing flexible support to renewable energy systems. The Paris agreement
does not only push the sector, but also pressures to finance this sector. Middle-income
countries, especially the governments of Brazil, Russia, India, China, and South Africa
(BRICS), are increasingly financing hydro and have become more assertive in advocating
infrastructure development.
Financing Hydropower in India
NHPC is a government-owned institution with an investment base of Rs. 38,718 crores.
The authorised share of this Mini Ratna Category-1 Government of India enterprise is
close to Rs. 15,000 crores, which is exclusively held by the Government. Apart from the
central government funds, NHPC secures loans through commercial loan and bonds. As
per the annual report of March 2017, long-term loan borrowing of NHPC stood at Rs.
17,246 crores, which comprised of Bonds, Secured Term Loans & Unsecured Foreign
Currency Loans amounting to 8,493 crores, 4,479 crores and 4,274 crores respectively.
The secured loans include borrowings from domestic banks and financial institutions like
State Bank of India, Indian Overseas Bank, ICICI Bank Limited, Jammu & Kashmir Bank
Limited, Bank of India, Axis Bank, State Bank of Patiala, State Bank of Bikaner & Jaipur,
HDFC Bank, IndusInd Bank, Bank of Baroda, Central Bank of India, Kotak Mahindra Bank,
RBL Bank, Life Insurance Corporation, Power Finance Corporation, and Rural
Electrification Corporation.
Many innovative funding sources for hydropower project financing are coming up. Off late,
an emerging trend is the rapid growth of bonds like Green Bonds, which are fixed-income
loans created to specifically finance projects that help address and reduce environmental
and/ or climate risks. In 2016, over USD 80 billion of labelled green bonds were issued
throughout the world in 2016, nearly doubling the previous year. However, the market is
still in its infancy. The Green Bond market intends to reach USD 1 trillion of investment per
year by 2020 to be compatible with the Paris Agreement. Led by the multilateral
development banks and corporate sector, Poland became the first country to issue a
green sovereign bond in late 2016 by raising USD 750 million. France followed this in
January 2017, where USD 7.5 billion was raised. Other countries including Sweden,
Nigeria and Kenya are expected to follow suit. The Indian Green Bonds Council, formed in
late 2017 as a joint project of Federation of Indian Chambers of Commerce Industry
(FICCI) and Climate Bonds Initiative (CBI), has launched its 2017 programme. India
also issued its global green bonds worth USD 3.2 billion in April 2017 and made a position
in top 10 globally.
4. 4
International Financing in Hydropower
NHPC does not raise funds only from the domestic financial institutions but also from
various international financial institutions, including export credit agencies. Multilateral
Development Banks (MDB) like World Bank (WB), Asian Development Bank (ADB) and
Asian Infrastructure Investment Bank (AIIB) can’t lend directly to NHPC. It only receive
fund through export credit or exim bank.
Apart from MDBs, there are many new bilateral agencies that are investing in hydropower
through export credit agencies. As per the annual report of 2017, the current long-term
borrowing from bilateral agencies — including lenders such as Deutsche Bank, Japan
International Cooperation Agency (JICA), and Export Development Canada (EDC) — for
NHPC stood at Rs 4,274 crores. In the past, many other bilateral export credit agencies,
like Germany’s KfW, Swedish International Development Corporation Agency (SIDA) and
The Swedish Export Credit Agency (EKN), were involved.
In 1990, after resistance by the Narmada Bachao Andolan (NBA) against the construction
of Sardar Sarovar Dam (SSD), World Bank and other bilateral institutions stopped funding
large hydropower projects in India. Despite the mounting evidence of the negative
environmental and human rights impacts of the hydropower projects, the World Bank has
restarted giving loans in the name of clean and renewable energy. It has become more
active in funding large and smaller hydro projects. Since the 2003 Water Resources
Strategy, which stated that the World Bank would re-engage in hydraulic infrastructure,
about 150 projects related to hydropower – including rehabilitation, technical assistance
and Greenfield projects – have been approved. This represents a total of USD 13.6 billion
have financed (USD 7.8 billion for hydropower components) and includes IBRD/IDA, GEF
and Recipient Executed Activities. Of the total 15 projects in the pipeline, roughly half are
in Africa. The World Bank is not just lending money but is also pushing many policy
changes in the energy sector through technical and financial assistance, and ease of
doing business index. All this helps them in preparing the ground for private players.
World Bank’s ‘Ease of Doing Business’ initiative ranks countries on the basis of ten
parameters. ‘Getting Electricity’ is one of them. For ‘Getting Electricity’, World Bank
measures the performance on four parameters: (i) Number of procedures; (ii) Time for
obtaining a commercial electricity connection; (iii) Cost for obtaining a commercial
electricity connection up to 140 KVA; (iv) and Reliability of power supply. According to
the Power Ministry’s website, India has made several reforms because of which India’s
ranking has improved from 99 in 2015 to 26 in 2017. These reforms include regulatory
easing as well as administrative easing measures.
Apart from World Bank, Asian Development Bank (ADB) is one of the major financial
institutions in the energy sector and is funding many hydropower projects in India and
South Asia. In 2013, ADB committed equity investment of USD 30 million to help support
the development of NSL Renewable Power Private Ltd’s (NRPPL) 100-MW Tidong
5. 5
hydroelectric project in Himachal Pradesh. It was their first equity investment in India’s
hydropower private sector. In 2008, Himachal Pradesh developed a program called
Himachal Pradesh Clean Energy Development Investment Program, which was approved
by ADB to expand the power supply in the state. Under this scheme, ADB, along with
German Development Bank’s KfW, co-financed 450 MW Shongtong Karcham
hydroelectric project and three other run-of-the-river hydroelectric projects of Himachal
Pradesh Corporation Limited.
(Source: ADB)
ADB is not only financing hydro projects but is also heavily influencing the policymaking in
the electricity sector. One of their major recommendation being implemented is unbundling
three major components of the electricity sector generation, transmission and distribution
system to bring in more private player. According to ADB, South Asian countries will
be greatly benefited by a single interconnected power market that will also give India a
chance to replace its fossil fuel-based energy with cleaner hydropower from countries like
Bhutan and Nepal. Towards this end, ADB has committed USD 120.5 million in a mix of
loans and grants to build a run-of-the-river hydropower plant in central Bhutan through a
public-private partnership. Clean power generated by the plant will be sold to India, which
will help in reducing its carbon emissions.
Recently, a report published by ADB on Asia’s estimated infrastructure investment needs
mentions that out of the total climate-adjusted investment needs of USD 26 trillion by 45
developing Asian member countries over 2016–2030, USD 14.7 trillion will be needed for
6. 6
power. If one looks at South Asia’s needs, its total requirement is USD 6.247 trillion,
including USD 870 billion for climate adjustment at GDP growth rate of 8.8 per cent in
which significant investment would be required for the power sector. ADB has invested on
many controversial hydropower projects in Himachal and Uttrakhand in the Himalayan
range in India. The above figures also indicate that lending of ADB in hydropower will grow
in the near future.
Emerging New Key Player in Hydropower Financing
Apart from the World Bank and ADB, there are many other emerging key players in
hydropower. The new players could be more harmful than World Bank and ADB as they
have financed many controversial projects across the border. Their mandate is to lend in
infrastructure, especially the power sector. Though World Bank and other financial
institutions took a step back from hydropower in the 1990s from across the world. Chinese
banks have stepped in the shoes of World Bank and ADB. International Financial
Corporation (IFC), a member of the World Bank Group, is investing USD 100 million in the
landmark 720-megawatt Karot run-of-river hydropower project in Pakistan. Karot is IFC’s
largest investment in the hydroelectric power project to date and represents IFC’s first
major collaboration with China’s Export-Import Bank, China Development Bank, and Silk
Road Fund. A large number of Chinese banks are globally financing hydropower projects.
These banks and other Chinese companies are involved in 330 dams in 74 countries.
Between 2000 and 2016, the Chinese banks and companies were involved in 39
hydropower projects across South Asia with approximately 19,000 MW capacity and a
loan of roughly USD 30 billion. Out of these 39 projects, 21 projects were in Pakistan, 15 in
Nepal, and 4 in Sri-Lanka. Though political relation between India and China is not
amicable, the intervention of Chinese banks and Chinese companies in India is growing.
The Chinese banks come with certain conditions, like having a Chinese financer, Chinese
equipment provider, and Chinese builder. These conditions push the borrower’s country to
compromise with their labour rights.
The two new emerging Banks — New Development Bank, and Asian Infrastructure
Investment Bank — are China-led banks with headquarters also located in China. Both the
institutions aim to lend to infrastructure projects, particularly energy, in developing
countries. These institutions are also pushing the hydropower in the name of clean and
renewable energy.
The New Development Bank has financed construction of hydropower plants in Russia by
intermediaries such as Eurasian Development Bank (EDB) and International Investment
Bank (IIB). This project was earlier supposed to rope in intermediary in the form of
Brazilian bank which has financed several controversial projects like Belo Monte Dam,
which involved corruption and host of human and environmental rights violations.
Similarly, the AIIB also wants to be ahead in the race to lend in hydropower. During its
signing ceremony of MoU on the establishment of AIIB in Beijing, it had a USD 50 billion
fund, which it planned to use to spur infrastructure growth in developing Asian countries
with projects that include hydroelectric facilities. In 2016, AIIB’s President Jin Liqun and
7. 7
World Bank Group’s President Jim Yong Kim signed the first co-financing framework
agreement between the two institutions to co-finance expansion of Tarbela hydropower
plant in Pakistan. The World Bank and AIIB announced USD 720 million to help fund the
fifth extension to the plant, which will add a further 1,140 MW in capacity.
It is important to note that even if initially AIIB and NDB were projected as an alternative to
the Bretton Woods institutions in the developing countries, these institutions are not very
different, this is reflected not only in the similar policies but also coming together for co-
financing large projects in Asia, and particularly on South Asia.
The Paris Agreement not only pressurises the countries to consider hydropower as
renewable but also insists on financing it. At the same time, financial institutions are
creating layers of financing model to escape from their accountability and transparency. It
is essential to keep eyes on emerging financial institutions and their nature of financing,
which would do more harm to damage natural resources and peoples’ livelihoods. History
has been witnessing displacement of millions of people, destruction of their livelihoods,
and violation of human rights by these projects.
Author: Rajesh Kumar
Centre for Financial Accountability
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8. 8
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