RE sector set to dominate Indian power industry: Secretary (See 'Corp Brief') Puri addresses CII Bioenergy Summit (See 'Corp Brief') National Electricity Plan launched (See 'Corp Brief') Competition Act-Seeking opinion of any statutory authority such as TRAI under provisions of Section 21A is prerogative of Commission and may be exercised in appropriate cases: CCI (See 'Legal Desk') Minister appeals to all Stakeholders to join hands to achieve 2,100GW by 2047 (See 'Corp Brief') Centre ensuring adequate arrangements for paddy procurement in Punjab (See 'Corp Brief') IBC-Non-conduct or any lapses in performing activities prescribed during CIRP, within stipulated timeframe, results in delaying whole resolution process, defeating objectives of IBC: IBBI (See 'Legal Desk') Minister inaugurates Rooftop Solar Power Plant in GSITI Hyderabad (See 'Corp Brief') IBC -Principle of taking over Corporate Debtor under Resolution Plan, will also apply to taking over by way of acquisition plan as per 'clean slate' principle of IBC: HC (See 'Legal Desk') FEMA -Every Adjudicating Authority shall have same powers of Civil Court which are conferred on Appellate Tribunal under Section 28 (2): TRIBUNAL (See 'Legal Desk') Ministry of Health celebrates two years of Tele MANAS (See 'Corp Brief') Arbitration -Court has limited jurisdiction under section 34 of 1996 Act and cannot scrutinize decision of Arbitrator: HC (See 'Legal Desk') MoS calls for synergy in Science Ministries to maximize impact (See 'Corp Brief') Competition Act-Intervention of High Court at stage of order under Section 26(1) is pre-mature and ought to have waited for CCI to come to conclusion: HC (See 'Legal Desk') CCI approves acquisition of 43% of JM Financial Credit Solutions' shares by JM Financial Ltd (See 'Corp Brief') Trademarks Act- Tribunal can cancel registration of trade mark on ground of contravention, or failure to observe condition under Act: HC (See 'Legal Desk') TCIL pays dividend to Govt (See 'Corp Brief') IBC, 2016- Non- cooperation with board and becoming non-responsive to communications made by board without any plausible reasons is held as contravention of provisions of IBC: IBBI (See 'Legal Desk') CCI okays acquisition of Personal Care division of Patanjali by Patanjali Foods (See 'Corp Brief') IBC- Presence of arbitration clause in contract does not bar an operational creditor from filing application under Section 9: NCLT (See 'Legal Desk') PMLA- Attaching movable and immovable property not part of proceeds of crime or of equal value is illegal: TRIBUNAL (See 'Legal Desk') 'Accord and satisfaction' & Arbitration (See 'CORP EINSICHT') BHP, SAIL sign MOU to accelerate potential pathways to steel decarbonisation (See 'Corp Brief') FSSAI convenes meeting of Rice Millers and Fortified Rice Kernel manufacturers (See 'Corp Brief') IBC - Disciplinary committee can be comprised and equated with one whole time member: HC (See 'Legal Desk') CCI conducts Workshop on Competition Law in Collaboration with NALSAR (See 'Corp Brief') Minister lays foundation stone of two projects of CCL (See 'Corp Brief') IBC - Failure to include specific agenda of withdrawal of Corporate Insolvency Resolution Process in Committee of Creditors meetings attracts penalization u/s 208 of Code: IBBI (See 'Legal Desk') RM to inaugurate DefConnect 4.0 (See 'Corp Brief') Arbitration - Referral court should limit its enquiry to examining whether Sec 11(6) application has been filed within period of limitation of three years or not: SC LB (See 'Legal Desk') IIPA should work in sync with Karmayogi program for training officers: Minister (See 'Corp Brief') PMLA - Stringent bail provisions and delay in trial can't go together: SC (See 'Legal Desk') Milk production is up by 57.62% in last 9 years: Union Minister (See 'Corp Brief') Cr P C-Precedent of another case alone shall not be basis for either grant or refusal of bail irrespective of nature and gravity of charge, though it may have bearing on principle: HC (See 'Legal Desk') Minister inaugurates HCL's Surda Mine Operations (See 'Corp Brief') PMLA, 2002 - Sezied documents which are relied upon documents in police case cannot be released by Court: Tribunal (See 'Legal Desk')

National Electricity Plan launched

Published: Oct 15, 2024

By TIOLCorplaws News Service

NEW DELHI, OCT 15, 2024: CEA with the aim of transmitting of 500 GW of Renewable Energy installed capacity by the year 2030 and over 600 GW of Renewable Energy installed capacity by the year 2032, prepared the detailed Nation Electricity Plan (Transmission) in consultation with various Stakeholders. The same was launched by the Union Minster Manohar Lal in presence of various dignitaries during the two days Brainstorming conclave being organized by CEA during 14-15th October 2024 in New Delhi.

The Plan has also taken into consideration the requirement of storage systems viz 47 GW of Battery Energy Storage Systems and 31 GW of Pumped Storage Plants to be developed along with Renewable Energy. Transmission system has also been planned for delivery of power to the Green Hydrogen/Green Ammonia Manufacturing hubs at coastal locations like Mundra, Kandla, Gopalpur, Paradeep, Tuticorin, Vizag, Mangalore etc.

As per the National Electricity Plan, over 1,91,000 ckm of transmission lines and 1270 GVA of transformation capacity is planned to be added during the ten year period from 2022-23 to 2031-32 (at 220 kV and above voltage level). In addition, 33 GW of HVDC bi-pole links are also planned. The inter-regional transmission capacity is planned to increase to 143 GW by the year 2027 and further to 168 GW by the year 2032, from the present level of 119 GW.

The Transmission Plan also covers Cross border interconnections with Nepal, Bhutan, Myanmar, Bangladesh, Sri Lanka as well as probable interconnections with Saudi Arabia, UAE etc.

The transmission plan highlights new technology options in transmission sector like Hybrid Substations, Monopole Structures, Insulated Cross Arms, Dynamic Line Rating, High Performance Conductors, Upgradation of maximum operating voltage to 1200 kV AC as well as skill development in Transmission Sector.

With several transmission schemes under construction, several transmission schemes under bidding and several other transmission schemes in pipeline, the transmission Plan provides visibility to the investors of the massive investment opportunity of over INR 9,15,000 Crores in Transmission Sector till the year 2032.

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