South Asia's 'largest' battery energy storage system inaugurated at Delhi's Kilokari
Live Events
(You can now subscribe to our
(You can now subscribe to our Economic Times WhatsApp channel
Delhi Power Minister Ashish Sood on Thursday inaugurated at Kilokari a 20-MW battery energy storage system (BESS), said to be the "largest" in South Asia.The system is also India's "first commercially approved" utility-scale energy storage system that will ensure improved power supply in different South Delhi areas, covering a population of over one lakh people, said a statement of power discom BRPL ( BSES Rajdhani Power Limited ).The 20-MW (40 MWh) BESS installed at the BRPL substation at Kilokari is the "largest" utility-scale system in South Asia, it said."The energy storage system is designed to deliver up to four hours of reliable daily power -- two hours each during the day and night -- directly benefiting over one lakh residents in the densely populated Kilokri area in South Delhi," it said.The system extends multiple benefits such as improved power supply, enhanced grid stability, optimised power purchase costs, peak shaving, reduced overloading of network and renewable power integration, the statement said.This initiative significantly enhances grid reliability, especially during peak demand periods, setting a new standard for urban energy management.The project, completed within a period of one year, leverages advanced Lithium Iron Phosphate (LFP) technology known for superior safety, thermal stability and durability.The system's temperature-controlled containers ensure optimal operations under Delhi's diverse weather conditions, making it ideally suited for dense urban locations, the discom said.South Delhi MP Ramvir Singh Bidhuri, BSES director and group CEO Amal Sinha, BRPL CEO Abhishek Ranjan and many other officials were present at the inauguration ceremony.The project was implemented in collaboration with BRPL, IndiGrid, GEAPP and Amperehour, added the statement. PTI
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
an hour ago
- Time of India
India's new flagship EV policy to be a ‘non-starter' for global biggies
Live Events 'Non-Starter' Stringent Conditions (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India is rolling out a new flagship electric vehicle policy that aims to lure global automakers into making cars locally. It knows Tesla Inc. may still not Narendra Modi-led government will soon start accepting applications under the EV incentive program that was unveiled in March last year, HD Kumaraswamy, India's heavy industries and steel minister told reporters in New Delhi on Monday. Bloomberg News reported on this earlier in the policy offers to slash duty to 15% on any imported electric car priced from $35,000 if the maker invests at least 41.5 billion rupees, or about $500 million, to set up a local plant within three years. Up to 8,000 cars yearly can be imported at this reduced Tesla is unlikely to participate as it isn't keen on manufacturing locally and instead wants dealerships and showrooms to sell imported cars, Kumaraswamy said, without elaborating. Tesla has long wanted to enter India, but disagreements over import duties and local manufacturing commitments have stalled Co. is a no-go for the South Asian nation, showing New Delhi's lingering angst with China. India's commerce minister said in an April interview that the country needs to be 'cautious' about who it allows to invest. VinFast Auto Ltd. is already building a factory in India, even before the new policy kicked in.'The EV policy could be a non starter,' said Jay Kale, sector analyst at local brokerage Elara Securities India Pvt., explaining that there was little benefit in terms of 'pure-play' EV makers without Tesla, BYD and VinFast in the global legacy automakers could benefit by setting up EV-only plants in India and importing electric cars initially under this policy, according to Kale. 'However, how these models pan out in India have to be seen as most of these carmakers haven't been successful in their home markets in EVs,' he the government is keen to boost manufacturing in the world's third-largest car market where demand for EVs is still rising, it faces stiff resistance from domestic heavyweights including Tata Motors Ltd. and Mahindra & Mahindra Ltd., which have long been protected by a wall of high appeal of the new policy is further dulled by stringent conditions like revenue targets and penalties for failing to fulfill them, besides the investment mandates a minimum revenue of Rs 5,000 crore ($586 million) in the fourth year and Rs 7,500 crore a year later for any applicant approved under this policy. Those falling short will face a penalty of up to 3% on the revenue may open as early as this month and extend till March 15 next year, according to people familiar with the discussions who did not want to be named.
Time of India
2 hours ago
- Time of India
US pushes countries for best offers by Wednesday as tariff deadline looms
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel The Trump administration wants countries to provide their best offer on trade negotiations by Wednesday as officials seek to accelerate talks with multiple partners ahead of a self-imposed deadline in just five weeks, according to a draft letter to negotiating partners seen by Reuters. The draft, from the office of the United States Trade Representative , provides a window into how President Donald Trump plans to bring to a close unwieldy negotiations with dozens of countries that kicked off on April 9 when he paused his "Liberation Day" tariffs for 90 days until July 8 after stock, bond and currency markets revolted over the sweeping nature of the document suggests an urgency within the administration to complete deals against its own tight deadline. While officials such as White House economic adviser Kevin Hassett have repeatedly promised that several agreements were nearing completion, so far only one agreement has been reached with a major U.S. trading partner: Britain. Even that limited pact was more akin to a framework for ongoing talks than a final the draft, the U.S. is asking countries to list their best proposals in a number of key areas, including tariff and quota offers for purchase of U.S. industrial and agricultural products and plans to remedy any non-tariff requested items include any commitments on digital trade and economic security , along with country-specific commitments, according to the U.S. will evaluate the responses within days and offer "a possible landing zone" that could include a reciprocal tariff rate, according to the was unclear which countries would receive the letter, but it was directed at those with active negotiations that included meetings and exchanges of documents. Washington has been engaged in such talks with the European Union, Japan, Vietnam and India, among others.A USTR official said trade talks were ongoing. "Productive negotiations with many key trading partners continue at a rapid pace. It is in all parties' interest to take stock of progress and assess any next steps."'REGARDLESS OF ONGOING LITIGATION'Tiffany Smith, vice president of global trade policy at the National Foreign Trade Council , welcomed the USTR moves."We are encouraged that USTR is moving negotiations ahead as quickly as they can," she told Reuters, adding that trade deals that removed barriers for U.S. companies abroad and lowered U.S. tariffs would be "a win-win if they are done in a way that returns predictability and stability to trade relationships." Trump's ambitious - and often frenetic - tariff policy is a pillar of his "America First" economic agenda as he seeks to reshape U.S. trade relationships, reduce trade deficits and protect American industries. Republican lawmakers are also banking on tariffs to add to federal revenue and offset the cost of the tax cut legislation now working its way through tariff policies have taken investors on a rollercoaster ride. In May, U.S. stocks held their biggest rally of any month since November 2023, but that was after global indexes had cratered under the barrage of Trump's tariff announcements through February, March and early April. Stocks were little changed on Monday afternoon after Trump announced a surprise doubling of tariffs on steel and aluminum imports on Friday at an event in the legality of the approach used for imposing the most sweeping of his tariffs has been cast into doubt. Last Wednesday, the Court of International Trade ruled that Trump had overstepped his authority with tariffs devised under the International Emergency Economic Powers Act, including the "Liberation Day" levies and earlier ones imposed on goods from Canada, Mexico and China related to Trump's accusations that the three countries have facilitated the flow of fentanyl into the U.S. Less than 24 hours later, an appeals court temporarily paused that decision. The tariffs at the center of the legal dispute are expected to remain in effect as the case plays draft letter to trading partners warns them not to believe the tariffs will be sidelined if the court rules against Trump's use of the IEEPA."Regardless of ongoing litigation concerning the President's reciprocal tariff action in U.S. courts, the President intends to continue this tariff program pursuant to other robust legal authorities if necessary, so it is important that we continue our discussions on these matters," the draft says.
Time of India
3 hours ago
- Time of India
Trump appears to undercut US proposal to Iran, declaring he won't allow any uranium enrichment
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel President Donald Trump on Monday appeared to undercut a proposal that was offered by his special envoy to Iran, saying he will insist that Tehran fully dismantle its nuclear enrichment program as part of any deal to ease crushing and Steve Witkoff, who is leading the negotiations for the U.S., have repeatedly offered inconsistent public messages about whether Iran would be allowed to retain the capacity to enrich uranium to lower levels for civilian purposes. The Trump administration maintains that it will not allow Iran to develop a nuclear negotiations have been framed by Trump as both countries' best chance to avoid direct military conflict over Iran's nuclear program. Tehran, which denies seeking a nuclear weapon, has insisted that it will not agree to any deal that fully scraps its enrichment program."Under our potential Agreement - WE WILL NOT ALLOW ANY ENRICHMENT OF URANIUM!" Trump wrote on social the seeming contradiction, a White House official said Trump was speaking the "cold, hard truth." The official said the terms the U.S. gave the Iranians were "very tough" and would make it impossible for them to obtain a nuclear post comes after media reports that Witkoff's latest proposal to Tehran would allow Iran to retain low levels of enrichment for civilian uses like nuclear medicine and commercial power if it agrees to shut down its heavily protected underground sites for a period of time. The U.S. and Iran have engaged in several rounds of direct nuclear talks for the first time in officials - including Witkoff and Trump himself - have said within the last few weeks that Iran would not be able to keep enriching uranium at any proposal, reported by Axios and confirmed by a U.S. official, called for the creation of a regional consortium to handle uranium enrichment for civilian uses - a plan first studied more than a decade ago in negotiations that led to the 2015 Iran nuclear deal Trump was sharply critical of that agreement - which also allowed set limits on uranium enrichment but permitted Iran to maintain such a capacity - and withdrew the U.S. from it in 2017 during his first officials spoke to The Associated Press on condition of anonymity to discuss private diplomatic International Atomic Energy Agency found that Iran has further increased its stockpile of uranium enriched to near weapons-grade levels since its last update in February, according to a confidential report released by the U.N. nuclear watchdog on has maintained that its nuclear program is for peaceful purposes only, but Iranian officials have increasingly suggested that Tehran could pursue an atomic bomb."President Trump has made it clear that Iran can never obtain a nuclear bomb," White House press secretary Karoline Leavitt said in a statement before Trump's post. "Special Envoy Witkoff has sent a detailed and acceptable proposal to the Iranian regime, and it's in their best interest to accept it. Out of respect for the ongoing deal, the Administration will not comment on details of the proposal to the media."The proposal that Trump appeared to undercut on Monday evening included significant concessions by the administration certain to anger Israel along with pro-Israel lawmakers in the United of the main points were essentially the same or very similar to conditions outlined in the 2015 nuclear iterations of that agreement negotiated by the Obama administration also suggested the possibility of a regional consortium that would put Iranian uranium enrichment above a certain level under the control of Iran and its neighbors. The idea was scrapped, however, because of Gulf Arab nations' objections and Iranian suspicions of the ultimate aims of the who were involved in the 18-month negotiations for the 2015 deal reacted immediately to reports that the Trump administration might allow Iran to continue with an enrichment program at any level, particularly after senior officials repeatedly said Iran would not be able to retain such programs."This proposal poses a moment of truth for critics of previous Iran nuclear negotiations/agreements (and) those who have called for a no-enrichment, full-dismantlement deal," Dan Shapiro, Obama's former ambassador to Israel, wrote on X. "Will they hold Trump to the same standard?"
