Department of Fisheries to impart Tuna Handling and Export Skills (See 'Corp Brief') A&C - Contractual arbitration clauses that permit employee/ex-employee of public body to act as arbitrator must be read alongside neutrality and impartiality requirements and Article 14/19 of Constitution: HC Capital Market - If exemption granted is limited to requirements of making open offer under Takeover Regulations, it shall not be construed as exemption from disclosure requirements: SEBI (See 'Legal Desk') National Biodiversity Authority releases Rs 18.3 Lakh to Committees in UP and Sikkim (See 'Corp Brief') IBC - Section 16(2) of IBC clearly requires the IRP to be appointed as suggested by Financial Creditor or Corporate Debtor & such provision does not allow any deviation: HC (See 'Legal Desk') Kurian calls for active registration under NFDP (See 'Corp Brief') PMLA - Provisions of PMLA over other statutes related to property encumbrances; attachment of property is tenable where it is acquired through proceeds of crime: SAFEMA TRIBUNAL (See 'Legal Desk') DPIIT, Primus Partners Pvt. Ltd. ink MoU to bolster startup ecosystem (See 'Corp Brief') PBPT Act - a land sale is indeed a benami transaction, where payment is made by beneficial owner for future benefit of her family, while land is registered in name of somebody else: SAFEMA Tribunal (See 'Legal Desk') DPIIT, Kotak Mahindra Bank ink MoU to enhance financial & non-financial support for startups (See 'Corp Brief') IBC/RTI - CPIO not required to generate, interpret, or explain records; appeal against FAA's order is not tenable where all relevant information is provided: IBBI (See 'Legal Desk') Centre plans inspection drives and field verification to ensure compliance (See 'Corp Brief') India continues to rank 3rd in Annual Forest Gain (See 'Corp Brief') RERA - Promoters are mandatorily required to comply with statutory condition of pre-deposit u/s 43(5) of Real Estate (Regulation and Development) Act, 2016 before appeal can be entertained: HC (See 'Legal Desk') Government intervention and Corporate governance (See CORP EINSICHT)

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CEA demonstrates dedication to promote renewable energy innovations

Published: Nov 27, 2024

By TIOLCorplaws News Service

NEW DELHI, NOV 27, 2024: CENTRAL Electricity Authority (CEA) has recognized Surface Hydrokinetic Turbine (SHKT) technology under the Hydro Category to drive innovations and explore alternate technologies to achieve net zero emission targets and ensure sustainable development of power sector for the nation,

SHKT, uses kinetic energy of flowing water with practically zero potential head for generation of electrical energy unlike conventional units, which utilize potential energy of water through construction of suitable civil structures such as dam, diversion weir and barrages for creation of necessary 'Head'.

This technology is a solution that may support the power sector in meeting the growing demand for base-load, round-the-clock renewable energy, especially in areas with poor grid accessibility. Surface Hydrokinetic turbines are easy to install and cost-effective, with generation cost of Rs.2-3 per unit. This technology provides win-win situation both for renewable energy buyers and generators.

Adoption of SHKT technology shall mark a significant milestone in leveraging India's extensive water infrastructure, including canals, hydropower tailrace channels, etc. for sustainable energy generation. This technology has huge potential in GW scale with lot of opportunities to harness renewable energy, leading to overall growth of power sector.

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