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Global energy efficiency improvements lag behind COP28 targets: IEA
One year after the COP28 pledge to double global energy efficiency by 2030, a report from the International Energy Agency (IEA) reveals that countries are falling short of this goal. The IEA’s Energy Efficiency 2024 report shows that global primary energy intensity—a core energy efficiency metric—is set to improve by around 1% in 2024, the same rate as in 2023, far below the 4% target needed by 2030. At COP28, nearly 200 countries committed to…
Plan to deploy 40-50 small modular nuclear reactors
India is planning to deploy 40-50 small modular nuclear reactors (SMRs) to replace captive thermal power plants as part of its strategy to achieve net-zero emissions by 2070. These 220-MWe Pressurised Heavy Water Reactors (PHWRs) are being redesigned using modern 3D design platforms to ensure high standardisation and ease of deployment, particularly in industries like steel, aluminium, copper, and cement. The Department of Atomic Energy, in collaboration with Tata Consulting Engineers, is spearheading the redesign…
CEA proposes draft regulations for cybersecurity in the power sector
The Central Electricity Authority (CEA) has proposed draft regulations titled “Draft Central Electricity Authority (Cybersecurity in Power Sector) Regulations 2024” to enhance cybersecurity across India’s power sector. The CEA is currently seeking public comments on these draft regulations. Key Proposals: Creation of CSRIT-Power: The draft regulations propose the establishment of a “Computer Security Incident Response Team (CSRIT) – Power” under the CEA. This entity will be responsible for collecting traffic data from all “responsible entities”…
Italy implements FER 2 Decree to boost innovative renewable energy projects
On August 13, 2024, Italy’s Ministry of the Environment and Energy Security (MASE) implemented the FER 2 Decree, aimed at supporting innovative renewable energy plants with high generation costs and low environmental impact. The decree targets specific types of plants, including biogas and biomass plants with capacities up to 300 KW and 1,000 KW, respectively, as well as thermodynamic solar, offshore floating wind, and floating photovoltaic installations. These plants must meet stringent eligibility criteria, such…
Samaiden Group forms JV to expand renewable energy portfolio in Indonesia
Samaiden Group has entered into a joint venture (JV) with PT MCS Bina Energi to expand its renewable energy operations in Indonesia. The venture, made through Samaiden SG Private Limited, a subsidiary of Samaiden Group, will focus on solar photovoltaic systems, power plants, and build-own-operate-transfer projects. Samaiden holds a 70% stake in the JV, while MCS holds 30%. Samaiden will contribute technical expertise, while MCS will leverage its local business and regulatory knowledge.
HydroWing and PLN to develop Indonesia’s first tidal energy plant
HydroWing, a division of Inyanga Marine Energy Group, has signed a binding agreement with a sub-holding of Indonesia’s state-owned power company, PLN (Perusahaan Listrik Negara), to develop the country’s first tidal energy project. The 10 MW tidal current power plant is planned for East Nusa Tenggara in the Indonesian archipelago. This partnership builds upon a 2022 Memorandum of Understanding between HydroWing and PLN aimed at accelerating tidal energy development in Indonesia through site selection, resource…