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

17 Sep 2020

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.