India setting up Solar Power Park in Sri Lanka


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Uploaded on Jul 27, 2020

PPT on India setting up Solar Power Park in Sri Lanka

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India setting up Solar Power Park in Sri Lanka

India setting up Solar Power Park in Sri Lanka Introduction India is preparing to construct a solar power park in Sri Lanka as part of a strategy to project its presence in the Indian Ocean Region (IOR) in the midst of Chinese attempts to draw nations to its 'Belt and Road' initiative, as per the source. Source: Pixabay Backed Up By Taking advantage of its solar expertise, India's largest power generation utility NTPC Ltd is planning to develop this project in the island nation under the aegis of the International Solar Alliance (ISA). Source: The Hindu Chinese Domination • The step comes in the midst of a rising Chinese presence in the Indian Ocean region, despite India's sphere of influence. • Further flexing its muscle, the Indian Navy conducted joint exercises with the US Navy on Monday in the Bay of Bengal, sailing in with an aircraft carrier battle group led by the USS Nimitz. Source: SKT Mud Capacity of the Board • The state-run Ceylon Electricity Board has an installed capacity of about 35,8 gigawatts (GW) of generation power. India has been working towards the improvement of Sri Lankan energy infrastructure. • Earlier, Petronet LNG Ltd had announced plans to construct a liquefied natural gas terminal in Sri Lanka. Source: Pixabay Solar Park Plan The solar park is NTPC 's second foray after Colombo scrapped a plan to set up Trincomalee's $500 million coal-fuelled power plant in 2016 over environmental concerns. Source: Pixabay Reason behind the Hype • NTPC's Sri Lankan solar move, with an installed capacity of 62.91 GW, is one of several such contracts being pursued to help build 10 GW solar capacity in ISA member countries. • Green energy projects now account for over a fifth of India's 370 GW installed generating capacity. Source: Pixabay Agreement at Kerawalapitiya In 2019 , the company signed a joint venture and shareholder agreement with the Ceylon Electricity Board (CEB) to create a 50:50 joint venture company in Kerawalapitiya for the planned 300 MW production plus 15 per cent LNG power project. Source: Pixabay Next Plans • NTPC aims to assist Gambia and Malawi in the development of solar power parks and consulting contracts for project management in Sudan, Mozambique, Egypt, Uganda , Rwanda and Niger. • India's largest utility for electricity generation recently received these contracts in Mali and Togo. Source: Pixabay India’s Clean Energy Plans • India is also working on setting up the much-needed solar wafer and ingot power, and is planning to issue tenders that could provide for Viability Gap Financing (VGF) to attract producers. • Wafers and ingots are the building blocks for the manufacture of solar cells and modules, and are important to India 's plans for renewable energy. Source: Deccan Chronicle Political Agenda • To fight Beijing, the US is pursuing a greater role for India in stabilizing and maintaining the rule of law in the Indo-Pacific region, a vast swathe of land and sea extending from the US' west coast to East Africa's shores. Source: Solar Surge