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Is UK committed to supporting India’s transition to clean energy?
The economic growth of India over the past decades has been impressive. So much so that it is now among the highest in the world. A new city the size of London is added every year to India's urban population, resulting in vast investments in new factories, buildings, and transportation systems. The coal and oil industries have been the backbone of the country's industrial development, providing modern energy services to an increasing number of its citizens.
During COP26, the Indian Prime Minister, Narendra Modi, announced the country's commitment to a net-zero carbon-emission target by 2070 and targets to meet 50% of its energy requirements from renewable energy by 2030. Ahead of the conference, the UK announced a $1 billion investment from British Investment International into Indian green projects over the next five years and guaranteed $1 billion in World Bank lending to India. It is also worth mentioning that the Green Growth Equity Fund (GGEF), a joint investment of £120 million from both the UK and India, is now the largest single-country emerging market climate fund globally.
Hindustan Powerprojects Pvt Ltd (HPPPL) is one of the biggest power producers in the country that is committed to working in tandem with our communities by providing a cleaner and more sustainable environment.
When it comes to solar power, HPPPL has developed solar farms nationally and internationally. The Clean Energy division of the organization has commissioned India's first solar power plant of 5 MW and Asia's first of 30 MW. Additionally, through its Special Purpose Vehicle (SPV), its thermal arm is currently supplying 85% of the power generated to the distribution utilities in various cities. HPPPL is also exploring the possibility of setting up hydropower plants in North, North-East, and Nepal as India's hydropower sector grows rapidly.
Ratul Puri, Chairman of Hindustan Powerprojects (HPPPL), believes India needs robust growth in its energy sector, therefore the organization aims to develop a state-of-the-art thermal project capable of generating high efficiencies sustained over time.
In addition, Mr. Ratul Puri said that the country should increase its energy generating capacity in order to meet its developmental agenda. Further, he stated, “While focusing on expanding capacity, the company is also dedicated towards the vision of the Government.”
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ESG: Hindustan Power combats climate change with innovative measures
The Environment Week, starting from June 3-10, 2022, concluded at Hindustan Powerprojects owned by Ratul Puri flagship company MB Power (Madhya Pradesh) Limited at its Anuppur Thermal Power Plant, with a slew of initiatives geared towards easing the carbon footprint and for creating environmental awareness among stakeholders, workers, women and children of families involved with the company and nearby localities.
Amidst fast paced industrialization, better balance between the environment and progress is mandatory. The concluded week of environment day celebrations, aligned with this year’s theme for Environment Day, “Only One Earth”, stressed on prioritizing green power generation, the importance of biofuels and the need for proactive measures to save the environment.
Commenting on the week-long activities, Sanjiv Mehra, Regional Officer, Madhya Pradesh Pollution Control Board, Shahdol said, “A sensitive and responsible industry always thinks of People first and then Profits and Planets. Hindustan Power’s innovative measures to reclaim unused land, low lying areas and abandoned mines with back filling and supplying fly ash to several cement factories are truly inspiring.”
To create greater awareness and sensitivity towards the environment, Hindustan Power under the aegis of its group firm MB Power (Madhya Pradesh) Limited- Anuppur Thermal Power Plant, encouraged workers and families, including women and children to take part in theme-based online quizzes, making posters, slogan writing and speech competitions, with awards/gifts given to outstanding contributions. On the concluding day, a mass tree plantation drive was organized.
Ajit Chopde, Head Operations & Maintenance, at the Anuppur Thermal Power Plant, said, “Our environment is important for our health. Each small step is part of a long journey. For instance, implementation of FGD and replacing sodium lights with LED saves energy and conserves resources. We have only one planet to live, so we need to drive greater efforts at the local level as well.”
Dr Bhola Prasad Kushwaha, Head, Environment, and RK Khatana, GM, HR & Administration at the Anuppur Power Plant, shared the steps taken by the company for environment protection such as the creation of green energy, climate change awareness drives, involving local communities, and so on.
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Climate Change and Deployment of Renewable Energy
Climate change has evolved as a major concern for the entire world. The earth is heating, there is uneven rainfall, there is a rise in greenhouse gases, and many more factors leading to global warming. The mainstream topic for the world is now “Climate Change".
According to the "Tracking Sustainable Development Goal (SDG)7," an accelerated deployment of renewable energy is required in the electricity, heat, and transportation sectors to achieve universal access to affordable, dependable, and sustainable energy and achieve climate change goals.
There are several activities undertaken by the Indian Government towards the deployment of renewable energy. India ranks fourth worldwide in the consumption of solar energy, and it has more than 40 solar power plants across the country. The largest solar power park in the world is located in India's Bhadla Rajasthan and covers more than 14,000 acres or roughly twice the size of Chicago O'Hare Airport.
Companies such as Adani, Hindustan Power, Reliance, TATA, JSW Steel, and many more are playing a significant role in renewable energy in India. Solar, wind, hydro, thermal and green hydrogen have been their prime focus to meet cope with the energy demand in India and to maintain the ecological balance. Ratul Puri who is The Chairman of Hindustan Power considers that the transition towards renewable energy will significantly contribute to meeting the climate change goals.
The UPA government’s "Aatmanirbhar (self-sufficient) Bharat" vision, to make India energy independent with the widespread deployment of renewable energy will play a crucial role in combating the challenges of climate change. The government is also promoting the use of Electric Vehicles (EVs) to maintain a clean environment with zero emissions. The Chairman of HPPPL Ratul Puri sees these as a remarkable step in addressing the power sectors of India and a method to address the climate change issue.
According to a press release from the US Agency for International Development (USAID), India and the US have signed a Memorandum of Understanding (MoU) to combat climate change and meet Indian Railways' goal of net-zero carbon emissions by 2030.
According to the official statement, the MOU will make use of the partners' combined knowledge, capital, and inventiveness to hasten the adoption of energy storage, energy efficiency, and renewable energy technologies in line with the net-zero objective. This has been done to combat the issues of climate change.
The sun, wind, water, waste, and heat from the Earth are all abundant sources of renewable energy that replenish themselves naturally and emit little to no greenhouse gases or other air pollutants. Nature itself consists of every element that is essential to maintain the ecological balance. Renewable resources are like a gift of nature to mankind, and it requires positive harnessing and utilization to combat the threat possess by climate change.
Thus, there is a need for strong policies, administration, and proper harnessing of renewable resources so that they can play a vital or considerable role in addressing the issues of climate change, which is posing a serious threat at a global level currently. The deployment of renewable energy will lessen the pressure from non-renewable resources and will create a bridge of balance. This will in a way help in addressing the issues of climate change.
Both government and private entities require a systematic approach to tackling such environmental issues. Uneven rainfall, heat, melting of glaciers, cyclones, and other natural hazards are the results of climate change. Since it is an alarming issue and needs to be addressed at the earliest before it's too late. The only solution to this at the moment is deployment of renewable energy.
#ratulpuri#ratulpuribusinessman#ratulpurihindustanpowerprojects#ratulpurihindustanpower#ratulpurichairmanofhindustanpowerprojects
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Delhi Court Grants Bail to Kamal Nath's Nephew Ratul Puri in Fertiliser Scam
Last Updated: January 18, 2023, 18:21 IST
While issuing the summons to Puri, the judge had said prima facie there was enough evidence to prosecute him (PTI)
Puri is also an accused in cases related to the AgustaWestland chopper scam and Moser Baer scam. He is currently out on bail
A Delhi court on Wednesday granted bail to Ratul Puri, nephew of former Madhya Pradesh Chief Minister Kamal Nath,…
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Ratul Puri
Ratul Puri is the Chairman & Board Of Director of Hindustan Power Projects Pvt. Ltd. Ratul Puri is evolving solutions to usher energy sufficiency in India and working Indian energy sector, he has enabled the organization to emerge as one of the leading integrated power players in the country. Ratul Puri has been invited to part of the WorldEconomic Forum as one of the Young Global leaders. He attended Carnegie Mellon University.
Born: 19 July 1972 (age 49 years)
Spouse: Kavita Puri
Parents: Deepak Puri, Nita Puri
Education
Ratul Puri is an alumnus of Carnegie Mellon University, the Pittsburgh-based global research university with a bachelor's degree in computer engineering, mathematics, and computer science.
Recognition
In 2002, Puri was the Ernst & Young "Entrepreneur of the Year" award for his contribution towards manufacturing industry in India. He is part of the many think tanks that are evolving solutions to usher energy sufficiency in India and was part of the World Economic Forum as one of the Young Global leaders. In 2007, Business Today rated him among the "Top 21 Young Leaders" in the country who could shape India’s destiny in the 21st century. Dataquest magazine has named him amongst the "Young Brigade in the IT Industry".
Read more about Ratul Puri
- Ratul Puri Bio
- Ratul Puri Wiki
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This blog lists the best cruise destinations that one could possibly travel to, on Ratul Puri’s experiences.
#blogs#ratul puri#ratul puri blogger#ratul puri family#ratul puri traveller#ratul puri wife#travel#best cruise#cruisetravel#vacations#destinations#holiday#cruise life
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Decarbonization is Mission Critical Now: Ratul Puri
The need for Renewable & Green energy is now mission critical.
Since 1970, CO2 emissions have increased by about 90 per cent, with emissions from fossil fuel combustion and industrial processes contributing about 78 per cent of the total greenhouse gas emissions increase from 1970 to 2011.
Ratul Puri, Group Chairman, Hindustan Powerprojects said, "As per the Energy Information Administration (EIA) projections, there is going to be a nearly 50 per cent increase in global energy use by 2050. As economic activity restarted after the Covid lockdowns, there were reports of rising energy costs and tight supplies from all parts of the globe. Global summits talk about commitments from all nations on net-zero emissions and carbon neutrality. And yet, fossil fuels like coal, oil and natural gas supply 80 per cent of the world's energy used. Large parts of the developing world rely on that. That is why global energy debates have the potential to threaten social cohesion. At the Paris summit on climate change in 2015, world leaders agreed to contain global warming to 2 degrees Celsius, and strive to bring Earth's average temperature to 1.5 degrees Celsius, below the pre-industrial levels. Renewable energy is going to be an important source for power generation in the near future, and the most logical way to open our paths to carbon neutrality."
India is meeting global commitments, including living up to its (https://www.climate-transparency.org/g20-climate-performance/the-climate-transparency-report-2020#1531904804037-423d5c88-a7a7) climate mitigation promises. We are well ahead of targets in achieving ambitious commitments such as making renewables 40 percent of the energy mix by 2030 and managing the sequestration of 2.5 billion tonnes of carbon. To cap global warming at 1.5 degrees Celsius, policy should take the long view, expand access to digital connectivity and invest in green infrastructure.
Ratul Puri further said, "The energy challenge is three-fold. First, we need reliable and clean energy to meet our consumption requirements. Second, we need to transition to green energy sources to decrease the burden of global warming. Third, we need to increase the reliability and resiliency of the grid network. However, the move to clean energy is not all that simple."
Unabated coal use fuelled the industrialization of the now developed nations, and enabled their path to prosperity. If the world needs to be net-zero by 2050, as per the Intergovernmental Panel on Climate Change (IPCC), all countries need to take on emission reduction targets. Carbon levies may kick in next. Already, sustainability reporting norms from the Securities and Exchange Board of India (SEBI) mandate an environmental, social and governance overview. The energy transition is one of the most complex issues humanity is facing in contemporary times.
India set up the Ministry of Non-conventional Energy Sources in 1992 and renamed it Ministry of New and Renewable Energy (MNRE) in 2006, laying the foundation for renewable energy growth. Prime Minister Narendra Modi resolves to see India emerge as a leader in the renewable energy space. He has set an ambitious target of achieving 450GW of renewable energy capacity by 2030.
"In the past 10 years, renewables have seen rapid growth in our energy ecosystem. Estimates suggest India has over 1050GW of renewable potential in wind and solar power energy. Green energy sources, like solar and wind, offer intermittent benefits, given their reliance on sunlight and high-speed winds. This makes energy storage vital to building green capacities," Ratul Puri added.
Europe generates 30 per cent of its power by renewables, out of which 13 per cent is by wind. In India, hydro contributes to 11 per cent of the total energy produced, followed by wind and solar. In the past eight years, Rs 5.2 trillion has been invested in renewable energy. Policy interventions, like transparent bidding, waiving of inter-state transmission system charges, and so on, have helped India play a leading role in the clean energy ecosystem. India helped set up the International Solar Alliance in 2015, to promote solar energy in 121 tropical countries.
Additionally, waste-to-energy projects offer twin benefits of making India clean and green. We need to have more such projects, encourage green mobility, and production of hydrogen. Technology can help bring down the price of renewable energy and become a gamechanger in the climate change battle.
Digitalized energy systems with advanced situational intelligence can identify who needs energy and when and deliver it at the lowest cost. Despite the pandemic, steady growth helped us cross the 100GW target of installed capacity of renewable energy in 2021.
"The decarbonization move includes curtailing diesel intake, encouraging green grids, low-power digital designs, better efficiencies, better water treatment facilities, and so on. Our climate and energy strategies must be on a continual innovation and speed cycle. Huge opportunity exists in reimagining the energy sector," Ratul Puri concluded.
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GST: What India Inc has to say - ET EnergyWorld
GST: What India Inc has to say – ET EnergyWorld
NEW DELHI: After months of brainstorming and on-and-off participation of political parties, the Goods and Services Tax (GST) Bill has finally cleared the Rajya Sabha hurdle, a house where Bharatiya Janata Party doesn’t enjoy a majority.
The bill looks to implement a uniform tax structure that will subsume various indirect taxes. Except AIADMK, which staged a walkout, all political parties…
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Decarbonisation Is Mission Critical Now
The Decarbonisation move includes curtailing diesel intake, encouraging green grids, low-power digital designs, better efficiencies, better water treatment facilities, and so on.
The need for renewable and green energy is now mission critical. Since 1970, CO2 emissions have increased by about 90 per cent, with emissions from fossil fuel combustion and industrial processes contributing about 78 per cent of the total greenhouse gas emissions increase from 1970 to 2011.
According to the Energy Information Administration (EIA) projections, there is going to be a nearly 50 per cent increase in global energy use by 2050.
As economic activity picked up after lifting of Covid-19-induced lockdowns, there has been reports suggesting rise in energy costs and tight supplies from all parts of the globe.
Global summits talk about commitments from all nations on net-zero emissions and carbon neutrality. And yet, fossil fuels like coal, oil and natural gas supply 80 per cent of the world’s energy used. Large parts of the developing world rely on that. That is why global energy debates have the potential to threaten social cohesion.
At the Paris summit on climate change in 2015, world leaders agreed to limit global warming to well below 2 degrees Celsius, preferably to 1.5 degrees Celsius, compared to pre-industrial levels.
Renewable energy is going to be an important source for power generation in the near future, and the most logical way to open our paths to carbon neutrality.
India is meeting global commitments, including living up to its climate mitigation promises. We are well ahead of targets in achieving ambitious commitments such as making renewables 40 percent of the energy mix by 2030 and managing the sequestration of 2.5 billion tonnes of carbon.
To cap global warming at 1.5 degrees Celsius, policy should take the long view, expand access to digital connectivity and invest in green infrastructure.
The energy challenge is three-fold. First, we need reliable and clean energy to meet our consumption requirements.
Second, we need to transition to green energy sources to decrease the burden of global warming.
Third, we need to increase the reliability and resiliency of the grid network.
However, the move to clean energy is not all that simple. Unabated coal use fuelled the industrialisation of the now developed nations, and enabled their path to prosperity.
If the world needs to be net-zero by 2050, as per the Intergovernmental Panel on Climate Change (IPCC), all countries need to take on emission reduction targets. Carbon levies may kick in next.
Already, sustainability reporting norms from the Securities and Exchange Board of India (SEBI) mandate an environmental, social and governance overview. The energy transition is one of the most complex issues humanity is facing in contemporary times.
India’s efforts
India set up the Ministry of Non-conventional Energy Sources in 1992 and renamed it Ministry of New and Renewable Energy (MNRE) in 2006, laying the foundation for renewable energy growth.
Prime Minister Narendra Modi resolves to see India emerge as a leader in the renewable energy space. He has set an ambitious target of achieving 450GW of renewable energy capacity by 2030.
In the past 10 years, renewables have seen rapid growth in our energy ecosystem. Estimates suggest India has over 1050GW of renewable potential in wind and solar power energy.
Green energy sources like solar and wind offer intermittent benefits, given their reliance on sunlight and high-speed winds. This makes energy storage vital to building green capacities.
Europe generates 30 per cent of its power by renewables, out of which 13 per cent is by wind. In India, hydro contributes to 11 per cent of the total energy produced, followed by wind and solar.
In the past eight years, ₹5.2 lakh crore has been invested in renewable energy. Policy interventions like transparent bidding, waiving of inter-state transmission system charges, etc. have helped India play a leading role in the clean energy ecosystem.
In fact, India helped set up the International Solar Alliance in 2015, to promote solar energy in 121 tropical countries.
Additionally, waste-to-energy projects offer twin benefits of making India clean and green. We need to have more such projects. We should also encourage green mobility and production of hydrogen.
Technology can help bring down the price of renewable energy and become a gamechanger in the climate change battle. Digitalised energy systems with advanced situational intelligence can identify who needs energy and when and deliver it at the lowest cost.
Despite the pandemic, steady growth helped us cross the 100GW target of installed capacity of renewable energy in 2021.
The decarbonisation move includes curtailing diesel intake, encouraging green grids, low-power digital designs, better efficiencies, better water treatment facilities, and so on.
Our climate and energy strategies must be on a continual innovation and speed cycle. Huge opportunity exists in reimagining the energy sector.
Views expressed by Ratul Puri, Chairman, Hindustan Powerprojects Private Ltd
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