The state-owned Solar Corporation of India, Responsible for implementing renewable energy projects, To bids for the establishment of a facility to manufacture a storage battery with a capacity of one gigawatt hour for the facilities.
The projects will be set up in Rajasthan, western India. To provide storage capacity for charging and discharging renewable energy according to daily changing energy requirements, According to what was reported by the agency “Bloomberg” news agency yesterday.
The Solar Energy Authority retains 60 percent of the electric power on behalf of the purchasing entities. While developers will have 40 percent to offer through a third party or sell in the market.
India plans to quadruple its renewable energy capacity to 450 megawatts by 2030.
The Russian war has its effect on India’s growth outlook, But its extent will depend on how long the tensions persist. According to the Indian Ministry of Finance in its monthly report.
The high prices of energy and other commodities and supply disruptions due to the crisis may prevent India from achieving a real economic growth rate of more than 8 percent, in fiscal year 2023.
Transient shocks can have a significant impact on real growth and inflation. The ministry said that the government is exploring all available options, including diversifying imports of crude oil, to purchase it at an appropriate price.
till then, Officials at Indian refineries said that sales of diesel and gasoline declined during the first half of April.
Officials added, Those familiar with the matter, Sales of the three largest diesel retailers declined from 1 to 15 April, by 16%, Compared to the same period last month, To reach 2.98 million tons.
Gasoline sales fell 10 percent. for the previous month, While diesel and gasoline sales rose last month due to some stockpiling quantities of them before an imminent price increase that began on March 22 after a freeze, unofficial, for more than four months.
and since then, Diesel prices rose by 11.5 percent in Delhi and gasoline by 10.5 percent, to match the global increase.
This will lead to a significant increase in fuel prices, to further increase consumer prices, Which actually reached its highest level in 17 months last March.
Sales during the first two weeks of April were higher than in 2020 and 2021. And when purchases were affected by restrictions related to the fight against the coronavirus pandemic, As it was higher than 2019, Pre-pandemic