+
Bokaro Steel power project announced RPO-compliant
Steel

Bokaro Steel power project announced RPO-compliant

The Jharkhand State Electricity Regulatory Commission (JSERC) has confirmed that Bokaro Steel's (BSL), a Steel Authority of India (SAIL) company, cogeneration plants meet the renewable purchase obligations (RPO) due to their environmental benefits, including reduced emissions and fossil fuel conservation. Consequently, the captive power project at Bokaro Steel is recognised for RPO compliance from FY 2013-14 to FY 2020-21. SAIL/BSL had requested exemption from RPO compliance for fiscal years 2013-14 through 2020-21. Bokaro Steel Plant holds a distribution license to supply power in its designated area under Section 14 of the Electricity Act, 2003. According to the JSERC (Renewable Purchase Obligation and Compliance) (1st Amendment) Regulations, 2012, a distribution licensee must fulfill RPO obligations. Currently, Bokaro Steel's power supply comes from two sources: captive generation from BPSCL, a joint venture between SAIL and Damodar Valley Corporation (DVC), and energy imported from DVC. The petitioner also sought recognition of Bokaro Power Supply Company (BPSCL), a 338 MW captive power plant, as a generation power project and exemption for Bokaro Steel from RPO obligations since its captive power project is a cogeneration project. The Commission defined ?cogeneration? as a process that simultaneously produces two or more forms of useful energy, including electricity and heat. This process can involve both fossil and non-fossil fuels. According to Section 86(1)(e) of the Electricity Act, 2003, the Commission is responsible for promoting cogeneration and renewable energy generation.

The Commission acknowledged the details provided by the petitioner regarding steam utilisation for heating, power generation, and fuel savings, which demonstrated the environmental benefits of BSL's cogeneration projects. These projects reduce the emission of harmful pollutants such as carbon monoxide and carbon dioxide, contributing to environmental conservation by minimising the use of conventional fossil fuels.

The Commission concluded that BSL's cogeneration project fulfilled the RPO requirements as specified in the JSERC (Renewable Purchase Obligation and its Compliance) (First Amendment) Regulation, 2012, and the JSERC (Renewable Purchase Obligation and its Compliance) Regulation, 2016. Consequently, the energy generated by the cogeneration plant will count towards the RPO Obligation for FY 2013-14 to FY 2020-21.

Recently, JSERC issued the Jharkhand State Electricity Regulatory Commission (Verification of Captive Generating Plants and Captive Consumers) Regulations, 2024.

The Jharkhand State Electricity Regulatory Commission (JSERC) has confirmed that Bokaro Steel's (BSL), a Steel Authority of India (SAIL) company, cogeneration plants meet the renewable purchase obligations (RPO) due to their environmental benefits, including reduced emissions and fossil fuel conservation. Consequently, the captive power project at Bokaro Steel is recognised for RPO compliance from FY 2013-14 to FY 2020-21. SAIL/BSL had requested exemption from RPO compliance for fiscal years 2013-14 through 2020-21. Bokaro Steel Plant holds a distribution license to supply power in its designated area under Section 14 of the Electricity Act, 2003. According to the JSERC (Renewable Purchase Obligation and Compliance) (1st Amendment) Regulations, 2012, a distribution licensee must fulfill RPO obligations. Currently, Bokaro Steel's power supply comes from two sources: captive generation from BPSCL, a joint venture between SAIL and Damodar Valley Corporation (DVC), and energy imported from DVC. The petitioner also sought recognition of Bokaro Power Supply Company (BPSCL), a 338 MW captive power plant, as a generation power project and exemption for Bokaro Steel from RPO obligations since its captive power project is a cogeneration project. The Commission defined ?cogeneration? as a process that simultaneously produces two or more forms of useful energy, including electricity and heat. This process can involve both fossil and non-fossil fuels. According to Section 86(1)(e) of the Electricity Act, 2003, the Commission is responsible for promoting cogeneration and renewable energy generation. The Commission acknowledged the details provided by the petitioner regarding steam utilisation for heating, power generation, and fuel savings, which demonstrated the environmental benefits of BSL's cogeneration projects. These projects reduce the emission of harmful pollutants such as carbon monoxide and carbon dioxide, contributing to environmental conservation by minimising the use of conventional fossil fuels. The Commission concluded that BSL's cogeneration project fulfilled the RPO requirements as specified in the JSERC (Renewable Purchase Obligation and its Compliance) (First Amendment) Regulation, 2012, and the JSERC (Renewable Purchase Obligation and its Compliance) Regulation, 2016. Consequently, the energy generated by the cogeneration plant will count towards the RPO Obligation for FY 2013-14 to FY 2020-21. Recently, JSERC issued the Jharkhand State Electricity Regulatory Commission (Verification of Captive Generating Plants and Captive Consumers) Regulations, 2024.

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Next Story
Infrastructure Energy

SC Allows State Tax on Mines, Minerals

Opposition leaders have welcomed the Supreme Court's recent decision permitting states to levy taxes on mines and mineral-bearing lands, as reported. The ruling is seen as a significant victory for state governments seeking greater control and revenue from natural resource extraction within their jurisdictions. The Supreme Court?s decision empowers states to impose taxes on mining operations and mineral-rich lands, which could enhance their revenue streams and enable better management of local resources. This move is particularly important for states with substantial mineral resources, as it a..

Talk to us?