Coronavirus company news summary – Australia on track for 30% renewable generation – Pakistan invests in hydroelectric projects

17 September 2020 (Last Updated September 17th, 2020 09:17)

17 September

According to the Clean Energy Regulator’s new report, Australia is said to be on track to grow its total share of renewable power generation to 30% by the end of this year. As per the Renewable Energy Target 2019 Administrative Report, the total capacity delivered under the Renewable Energy Target grew by 24%. This brings the total from 5.1GW registered in 2018 to 6.3GW in 2019.

The Central Development Working Party (CDWP) of Pakistan has approved four power projects worth $73m (Rs12.25bn). These included a hydroelectric plant, substation works, and skill development programmes. The party also recommended two projects worth $200m (Rs33.48bn), covering a dam project and water management, to the Executive Committee of the National Economic Council for consideration. CDWP also permitted extending the re-tendering process of one project worth $72m (Rs12.1bn).

India’s coal-fired power generation increased by 9.4% in the first half of September, according to provisional government data. Power demand from industrial western states grew for the first time since Covid-19-induced lockdowns started. India’s total power generation increased by 1.6% during the first 15 days of September, according to a Reuters analysis of everyday load despatch data from grid operator POSOCO.