Page 10 - AsiaElec Week 16

AsiaElec NUCLEAR AsiaElec
POLICY
Shell aims for net-zero emissions by 2050.
The company said it would lower its Scope 1 and 2 emissions, that is emissions from the manufacturing of its own products, by 2050 at the attest.
It said that Shell’s Net Carbon Footprint ambition was to be in step with society’s aim to limit the average temperature rise to 1.5 degrees Celsius in line with the goals of the Paris Agreement on Climate Change.
This means reducing the Net Carbon Footprint of the energy products Shell sells to its customers by around 65% by 2050 (compared to the 50% target set in 2017), and by around 30% by 2035 (increased from around 20%).
“With the COVID-19 pandemic having
a serious impact on people’s health and our economies, these are extraordinary times.
Yet even at this time of immediate challenge, we must also maintain the focus on the long term,” said Ben van Beurden, Chief Executive Officer of Royal Dutch Shell.
“Society’s expectations have shifted quickly in the debate around climate change. Shell now needs to go further with our own ambitions, which is why we aim to be a net- zero emissions energy business by 2050 or sooner. Society, and our customers, expect nothing less.”
SHELL
POLICY
Indian publishes new draft
of Electricity Amendment
Bill
he Union power ministry has come out with fourth draft of the Electricity (Amendment) Bill since 2014, which seeks to set up an Electricity Contract Enforcement Authority (ECEA) having power of a civil court to settle disputes related to power purchase agreement between discoms and gencos. The draft provides that the ECEA will have sole authority to adjudicate matters related to specific performance of contracts related to purchase or sale of power, between power generation companies (gencos) and distribution companies (discoms).
The decision of the ECEA can be challenged at the Appellate Tribunal For Electricity (APTEL) and, subsequently, at the Supreme Court.
The ministry has sought the comments of the stakeholders on the Bill with three weeks from April 17.
Commenting on the Bill, All India Power Engineers’ Federation (AIPEF) V K Gupta told, “The setting up of ECEA would dilute the power of the state and central regulatory commissions to settle matters related to PPAs (power purchase agreements) between discoms and gencos.”
Currently, state electricity regulatory
commissions and Central Electricity Regulatory Commission settle state-level and inter-state PPA disputes, respectively.
He also said, “AIPEF strongly condemned the timings of the power ministry’s move to bring back the Electricity Amendment Bill 2020 when the whole country is fighting against the COVID-19 pandemic.”
He was of the view that the bad experience from the COVID-19 crisis should have led to nationalise all sectors, including power, across India.
“At this juncture, the Government of India’s step of privatisation of the power sector through the proposed amendments in the Electricity Act 2003 is “ill-timed and ill- intentioned,” he added.
COVID-19
Covid-19 could slash India’s wind growth by 30%’
Covid-19 will impact every part of India’s wind power sector including project development, success of new tenders, and ability of OEMs and independent power producers to raise finance – potentially wiping 30%, or 3.5GW, off installations over the next three years.
The pandemic has exposed fault lines that were already present in the Indian industry even before the government announced a complete lockdown of commercial activity and movement of labour on 24 March – restrictions that were extended for a further three weeks in mid-April.
The crisis is also expected to move India even further from its 60GW target for 2022, with the country already expected to reach only 46-47GW by 2022 under a business as usual scenario.
GAS-FIRED GENERATION
Malaysia’s Tadmax
Resources sells 25% of IPP
to KEPCO
Malaysia’s Tadmax Resources is selling a 25% stake in its IPP subsidiary Pulau Indah Power Plant (PIPP) to South Korea’s for MYR41.75mn ($10.1mn).
The company told Bursa Malaysia on Tuesday it was selling 12.5mn shares in PIPP, which is building a 1,200MW combined cycle gas turbine (CCGT) power plant in Pulau Indah, Selangor state.
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Week 16 22•April•2020