Indian Railways turns to solar to cut coal-fired electricity costs

Posted on December 31, 2020Categories oimdzshwTags , , , , , , , , , ,   Leave a comment on Indian Railways turns to solar to cut coal-fired electricity costs

first_imgIndian Railways turns to solar to cut coal-fired electricity costs FacebookTwitterLinkedInEmailPrint分享PV Magazine:To reduce its annual electricity bill, Indian Railways will soon run trains powered by solar power from arrays of PV cells deployed along electrified tracks in 10 states. The solar power generated will replace 4 GW of coal-fired electricity consumed by the railways, saving the operator 20% of its annual energy bill in the first year and 40% thereafter. Indian Railways currently buys electricity for around INR5 ($0.07) per unit.Developers will recover the installation cost of solar panels and other equipment through the sale of power to the railway operator. Under an agreement with states, there will be a provision to sell surplus power to the local utilities, which will supply equivalent power when Indian Railways needs it.The railway board is examining a project bid document prepared by the Solar Energy Corporation of India which recommends PV electricity from panels be fed through inverters and step-up transformers directly into the 25 kV overhead traction system. That would eliminate the cost of laying separate transmission lines and boost manufacturing of 25 kV single-phase inverters.Around 20 manufacturers, including ABB, Huawei, Delta and Sungrow, are said to be interested in manufacturing the equipment given sufficient demand, according to the Times of India. “This is a historic step towards Indian Railways becoming a net zero emitter by 2030,” railways and coal minister Piyush Goyal told the daily newspaper. “Indian Railways is by far the greenest travel option for transportation.”The government of India is encouraging cash-rich public sector undertakings to set up renewable energy projects. Indian Railways has committed to developing 5 GW of solar by 2025.More: Indian Railways plans to tender 4 GW solar projectlast_img read more

Trade Information Portal Launched

Posted on October 24, 2019Categories pjgcjovxTags , , , , , , , , , , ,   Leave a comment on Trade Information Portal Launched

first_img The country’s trade environment and procedures have been significantly enhanced with the launch of the Jamaica Trade Information Portal (JTIP).The portal provides a single authoritative source for trade information relating to import-export regulations, requirements and processes, which businesses can easily access at any time.The rich database includes information on standards, tariffs, fees, levies and applicable penalties; various authorisations; inspections and verifications; and details about trade agreements, while highlighting opportunities.There are downloadable forms for applications, licences, and permits, as well as links to regulatory and various bodies engaged in trade facilitation.Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, noted that JTIP will make it easier for local and international business interests to move valuable goods and services and, in doing so, add value to the economy.Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw (right), is greeted by Team Leader, Jamaica Trade Information Portal (JTIP), Trevor O’Regan, at the launch of the JTIP at the Terra Nova All-Suite Hotel, St. Andrew, on May 16. Story Highlights The rich database includes information on standards, tariffs, fees, levies and applicable penalties; various authorisations; inspections and verifications; and details about trade agreements, while highlighting opportunities. The country’s trade environment and procedures have been significantly enhanced with the launch of the Jamaica Trade Information Portal (JTIP).center_img “This portal is indicative of our strong and clear commitment to improving Jamaica’s business environment,” he said at the launch held at the Terra Nova All-Suite Hotel in St. Andrew on May 16.He noted that the commitment to enhancing the business environment is further solidified by the signing of a memorandum of understanding (MOU) between the ministries, departments and agencies that are custodians of the information shared on the portal and the Trade Broad Limited (TBL), which is in charge of the system.“The information portal further represents Jamaica’s efforts to fulfil its commitment to the World Trade Organization (WTO) Trade Facilitation Agreement, under Article I, which speaks to making information available through the Internet,” Mr. Shaw said.He noted that the Government has been strident in its commitment to improving the country’s competitiveness, recognising that this is pivotal to social and economic growth.“This recognition translates into not only the need to implement far-reaching reforms but to also implement these reforms quicker than other countries that are on a similar path,” he said.The World Bank Doing Business Report 2019 indicated that, even though Jamaica achieved a positive absolute score – increasing from 66.92 to 67.47 over 2108 – the country’s overall ranking declined by five points from 70th to 75th.As it pertains to trading across borders, notwithstanding ongoing efforts, that indicator declined in ranking from 130 to 134.“Initiatives such as the Jamaica Trade Information Portal show that we are on our way to improving this standing. I, therefore, urge us all to ensure that the value of the portal is swiftly channelled into the wider Trade Facilitation Reform Programme, so our traders and businesses can leverage its provisions,” Mr. Shaw said.International Finance Corporation’s Principal Investment Officer and Head for the English-speaking Caribbean, Judith Green, hailed the portal as a useful tool, which has to be kept up to date.The Jamaica Trade Information Portal project was supported by the Trade Facilitation Support Programme managed by the World Bank Group and funded by nine donor partners.The partners are Australia, Canada, the European Commission, the Netherlands, Norway, Sweden, Switzerland, the United States and the United Kingdom (UK). The portal provides a single authoritative source for trade information relating to import-export regulations, requirements and processes, which businesses can easily access at any time. last_img read more