Energy Snapshot

KPMG to ready Vision 2030 for Coal India

KPMG will chart out Vision 2030 for Coal India, which is uncertain about the future

of coal and wants to diversify. The monopoly has just issued a letter of intent to

KPMG, which would soon be followed by awarding of contract following which, the

consultant will submit its report in 14 weeks. PwC, Delloitte India and KPMG were

in the race. But KPMG was chosen for the job. In fact, KPMG has prior experience

with Coal India BSE 0.34 % when it prepared Vision 2020 for the company a few

years ago. The monopoly invited bids for vision 2030 because coal is likely to

decline in India’s energy mix although it is expected to remain the mainstay for

several years. Coal India is now looking at diversifying into related energy fields

like renewable and has already prepared plans for setting up 10,000 MW of solar

generation facilities to jack up its top line. Coal India is also looking at the

possibility of entering into mining, metals and minerals.

http://economictimes.indiatimes.com/industry/indl-goods/svs/metals-

mining/kpmg-to-ready-vision-2030-for-coal-india/articleshow/59481157.cms

Big plans for electric vehicles in India, lack of infra a challenge

Even as sales of hybrid vehicles are taking a hit under GST regime due to a high tax

rate, premium auto companies are planning to launch more electric vehicles.

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Under the new Goods and Services Tax regime, hybrid and luxury cars are taxed at

a higher tax rate of 43 percent from the earlier 28 percent whereas pure electric

cars are taxed at 12 percent. Earlier this year, the government had stopped giving

incentives to mild hybrids under the FAME India scheme. Faster Adoption and

Manufacturing of Electric Vehicles (FAME), which was launched in 2015 to

incentivise manufacturing of eco-friendly vehicles including hybrids.

http://www.moneycontrol.com/news/business/companies/big-plans-for-

electric-vehicles-in-india-lack-of-infra-a-challenge-2320095.html

Tesla installing world’s largest battery at South Australian wind farm

Tesla has announced that it will install the world’s largest lithium-ion battery on a

wind farm in South Australia under an agreement with the state government and

French renewable energy company Neoen. The Neoen Hornsdale Wind Farm in

Jamestown will be paired with Tesla’s 100MW/129MWh battery, which will be

installed by the end of the year, after Neoen was chosen following a multi-stage

procurement process that saw more than 90 expressions of interest. CEO Elon

Musk has guaranteed that Tesla will deliver the battery within 100 days of the grid

interconnection agreement being signed with the South Australian government ‘

otherwise, his company will provide the battery for free. The battery is expected to

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