Deadlines extended for green energy projects amid Covid restrictions
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The implementing agency will not initiate coercive action on the project for recovery of penalty on delayed commissioning till the time-extension request is decided upon.
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The Centre has granted time extension to renewable energy projects scheduled to be commissioned on or after April 1 on account of resurgence of Covid-19 and subsequent lockdowns and restrictions in many states.
Developers can approach the implementing agency for time extension, “provided such time-extensions are not used as a ground for claiming termination of power purchase agreement (PPA) or for claiming any increase in the project cost”, an office memorandum issued by the new and renewable energy said.
Japex exits North Montney shale gas project
May 14, 2021 7:20:am
Summary The company said that it is exiting the Canadian project due to uncertainty caused by the ongoing COVID-19 pandemic.
by: Shardul Sharma
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Japex exits North Montney shale gas project
Japan Petroleum Exploration (Japex) has sold its 10% stake in the North Montney shale gas project in Canada to the operator Petronas, the company said on May 13.
Japex said it was exiting the project due to uncertainty caused by the ongoing COVID-19 pandemic. Japex bought the stake in the project in 2013. All procedures of this sale are expected to be completed by the end of next month.
Alaska Legislature Votes to Reduce Government Regulation of Renewable Energy Projects
Tuesday PM (SitNews) Juneau, Alaska - The Alaska Legislature on Friday passed Senate Bill 69, encouraging private investment in renewable energy projects by extending an exemption from duplicative government regulations for independent power producers (IPPs).
“Extending this exemption will encourage more private investment in renewable energy projects across Alaska,” said Senator Josh Revak (R-Anchorage) the bill’s sponsor. “Since 2010, this exemption has led to new investment, and has generated a growing diversity of energy sources for Alaska’s utilities. During a time of increasingly tight state budgets, simply getting government out of the way and allowing the private sector to work is one of the best ways to ensure our state remains a leader in renewable energy and encourage investment in our struggling economy.”
mandmMay 7, 2021 6
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Elon Musk Takes To Roasting Jeff Bezos As Latter s Blue Origin Protests NASA s $2.9B Contract To SpaceX Benzinga 2 hrs ago
Tesla Inc. (NASDAQ: TSLA) and SpaceX CEO Elon Musk has poked fun at
Amazon.com Inc. (NASDAQ: AMZN) founder Jeff Bezos after the latter’s space exploration company Blue Origin protested NASA’s award of a $2.9 billion contract to SpaceX.
What Happened: The New York Times reported that Blue Origin filed a protest with the U.S. Government Accountability Office on Monday, challenging NASA’s award of a lunar lander contract to Musk’s SpaceX earlier this month.
Blue Origin CEO Bob Smith said in an interview with the New York Times that NASA’s decision was flawed as it misjudged advantages of Blue Origin’s proposal and downplayed the technical challenges related to SpaceX. He also said NASA had placed a bigger emphasis on bottom-line cost than it said it would.