&w=3840&q=100)
SECI extends deadline for green ammonia tender submission to June 30
The tender is aimed at enabling the production and long-term supply of 7,24,000 metric tonnes of green ammonia annually to 13 identified fertiliser plants across the country
Press Trust of India New Delhi
State-owned Solar Energy Corporation of India (SECI) has extended the timeline for submission of bids for contract for the production and supply of green ammonia under the National Green Hydrogen Mission by four days to June 30.
Earlier, the last date for submission was June 26, 2025.
According to a statement, SECI has extended the bid submission date for its ongoing tender pertaining to the production and supply of green ammonia.
Issued on June 7, 2024, the tender is part of the Strategic Interventions for Green Hydrogen Transition (SIGHT) Scheme - Mode 2A, Tranche I.
The tender is aimed at enabling the production and long-term supply of 7,24,000 metric tonnes of green ammonia annually to 13 identified fertiliser plants across the country.
SECI, as the implementing agency, will aggregate demand and enter into long-term offtake agreements with selected green ammonia producers.
These agreements will provide commercial certainty for a 10-year duration and support market development for green hydrogen derivatives.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
a day ago
- Mint
One nation, one tariff: What the Centre is planning to light up clean power
New Delhi: The central government will hold talks with stakeholders to push the adoption of uniform tariffs for renewable energy, two people aware of the development said. Uniform renewable energy tariffs or URETs were first proposed by the Centre in October 2023, but haven't been implemented yet as power is a concurrent subject and would require states to come on board. The development assumes significance in the backdrop of delays in signing of agreements between power developers, procurement agencies and distribution companies (discoms), which has held back procurement of clean power, especially solar, by discoms even as its installed base has continued to grow. Currently, about 30 giga watt (GW) worth of PPAs are lying unsigned, according to the people cited above. This had reached a high of 55GW last November, per a report from JM Financial. 'Discoms have some reservations regarding URETs," said a government official, one of the two people mentioned above, requesting anonymity. 'The Centre would hold stakeholder consultations soon to understand what exactly is their apprehension and what kind of changes and clarifications are required. After this, we would see more PPAs (power purchase agreements) being signed." Renewable power developers sign PPAs with procurers such as Solar Energy Corp. of India (SECI), NTPC Ltd, NHPC Ltd, or Satluj Jal Vidyut Nigam Limited. These power buyers then sign power sale agreements (PSAs) with distribution companies or discoms to take the power to industry and homes. Delays in signing agreements could make power from older projects unattractive, as newer ones with lower tariffs keep coming online. Some options being considered by the Centre include getting prior commitments from states, which own the discoms, for PSAs before coming up with new bids, and halting new bids before a certain number of unsigned PPAs are signed. This is how the URET would work. Grid Corporation of India Ltd, which would be the implementing agency for the mechanism, will set a uniform pooled tariff for power from central pools, which would be revised from time to time based on discovered tariffs from auctions. Then, intermediaries such as Solar Energy Corporation of India (SECI) and others will sell power from the central pool to all end procurers including discoms at the uniform tariff. An official with a discom said on condition of anonymity that tariffs from several projects would be pooled to come up with a uniform tariff that would be revised from time to time with tariffs discovered for new projects. But if tariffs for new projects are higher than the current uniform tariff, that would lift the uniform tariff as a whole. This in turn will increase cost for discoms even for ongoing power supply under older PPAs, the official said, adding that 'the visibility of tariffs is an issue". Queries emailed to the spokespersons of MNRE and SECI remained unanswered till press time. The delay in signing PPAs comes at a time when the Centre has set a target for installing 50GW of green power every year till 2027-28. On 15 August last year, Prime Minister Narendra Modi reiterated India's ambitious goal to achieve 500GW of non-fossil-based energy capacity by 2030. The Centre wants states to sign PPAs as it would also help them in meeting renewable power obligations (RPOs), which if not complied with, will attract penalties for discoms. Renewable power obligation (RPO) or renewable consumption Obligation (RCO) is a mechanism notified under the Energy Conservation (Amendment) Act, 2022 by which the designated consumers, largely discoms, are obliged to consume a certain percentage of electricity from eligible non-fossil sources, as a percentage of their total consumption of electricity. Vikram V., vice president & co-group head for corporate ratings at Icra Ltd said demand, grid connectivity and cost are key factors for signing PPAs. 'Implementation of uniform tariffs is expected to discourage discoms from postponing signing of PPAs in expectation of fall in tariffs, thereby taking care of the cost factor," he said. Mint earlier reported about India's depressed green energy price scenario weighing down the country's installed and pipeline renewable merchant power capacity of around 3GW, which has entailed investments of around ₹15,000 crore. The development assumes significance given that solar power has been the mainstay of India's green energy transition trajectory. India has an installed renewable energy capacity (including large hydro capacity) of 271.5GW, of which solar power accounts for 110.9GW. For perspective, the country's total installed energy capacity including fossil sources is 472.46GW.
&w=3840&q=100)
Business Standard
2 days ago
- Business Standard
Finance Minister urges PSU banks to boost credit growth, maintain profits
During a meeting to review financial performance of PSBs, Sitharaman asked their chiefs to maintain profitability momentum in FY26, sources said Press Trust of India New Delhi Finance Minister Nirmala Sitharaman on Friday asked public sector banks (PSBs) to take advantage of Reserve Bank's jumbo 50 basis points rate cut to increase lending toward productive sectors of the economy. During a meeting to review financial performance of PSBs, Sitharaman asked their chiefs to maintain profitability momentum in FY26, sources said. Cumulative profit of 12 PSBs rose to record Rs 1.78 lakh crore in FY25, registering a growth of 26 per cent over the previous year. The year-on-year increase in profit in absolute terms was about Rs 37,100 crore in FY25. According to sources, the minister expected that PSBs credit growth should improve post 50-bps rate cut by RBI. Banks were also directed to try maintain the FY25 credit growth level or increase during the current financial year. On June 6, the RBI's six-member monetary policy committee, headed by Governor Sanjay Malhotra lowered the benchmark repurchase or repo rate by 50 basis points to 5.5 per cent. It also slashed the cash reserve ratio by 100 basis points to 3 per cent in tranches that will add Rs 2.5 lakh crore to already surplus liquidity in the banking system. She also emphasised that banks should also onboard more customers on government's schemes in a bid to increase financial inclusion. Comprehensive review of various segments and progress in government schemes including Kisan Credit Card, PM Mudra and three social security schemes -- Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana (APY) were done during the meeting. Besides, the banks were also advised to work on ways to garner more low cost deposits. On the asset quality side, the finance minister appreciated the low level of non-performing assets in the banking sector and exuded confidence that the top management will ensure to keep it at that level.
&w=3840&q=100)
Business Standard
2 days ago
- Business Standard
Post offices across India to start accepting digital payments from August
QR-based booking of mail products was successfully carried out at the Mysore head office (HO), Bagalkot HO and its subordinate offices Press Trust of India New Delhi Post offices across India will start accepting digital payments at counters from August after completing the rollout of a new application in their IT system, official sources said. Post offices have not been able to accept digital payments as they don't have their accounts synced with UPI (unique payment interface) system. "The Department of Posts is implementing its IT infrastructure which will have new applications that are enabled to perform transactions with Dynamic QR Code. Rollout will be completed at all post offices by August 2025," an official source told PTI. Pilot rollout of the new system under IT 2.0 has been started in the Karnataka circle. QR-based booking of mail products was successfully carried out at the Mysore head office (HO), Bagalkot HO and its subordinate offices. Initially, the Department of Post had introduced static QR code at the point of sale counters at the post offices to enable digital transactions. However, due to recurring technical difficulties and customer complaints, this approach had to be discontinued. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
