Page 144 - CW E-Magazine (13-8-2024)

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reduced to 10 percent, said a notifi cation ethyl alcohol after wrongly declaring taking before the Deputy Commissioner
from the customs department. them as lab chemicals to circumvent of Customs or the Assistant Commis-
the 150 percent duty on undenatured sioner of Customs, as the case may be,
This has come as a relief for re- ethyl alcohol. To curb this misuse, in that the goods so imported shall be for
searchers and academicians who were budget 2024-25, the BCD on lab chemi- use in laboratory or for use in R&D
looking at a humongous increase in pro- cals was increased to 150 percent. purposes, and shall not be sold or traded
curement costs, throwing many ongoing after importation...” the notification
and planned projects into disarray. To address concerns of genuine dated July 31 read. “In case of failure to
users of lab chemicals, the government comply with this condition, he shall be
The customs department had earlier has now issued a relief whereby those liable to pay, in respect of such quan-
imposed a 10 percent import duty for importing lab chemicals for R&D and tity of the said goods as is proved to
lab chemicals imported in packings not lab use will be taxed customs duty only have not been so used for the specifi ed
exceeding 500-ml or 500-gm and meant at 10 percent effective August 1. Such purposes, an amount equal to the duty
for use solely as laboratory chemicals. importers must submit an undertaking. leviable on such quantity but for the
However, it was alleged that some exemption under this notifi cation,” it
importers were importing undenatured “If the importer submits an under- added.

CREDIT FACILITY
Jakson Green gets fi nancing support from First

Abu Dhabi Bank

Jakson Green, the energy transi- facility of Rs 2.96-billion from First company actively looks to expand its
tion platform backed by the Jakson Abu Dhabi Bank. This fi nancing will global reach in the Middle East, Africa,
Group, has secured a credit facility of fuel the company’s international expan- Commonwealth of Independent States
Rs. 296-crore from UAE-based First sion, with Uzbekistan serving as the (CIS) and Europe, the statement noted.
Abu Dhabi Bank. In a statement, the fi rst benefi ciary for its upcoming solar
company said it will use the proceeds photovoltaic (PV) and battery storage The project in Bukhara, Uzbekistan,
for the expansion of its international project,” it said. includes the construction and operation
business beginning with investment in of a 250-MW solar power plant coupled
Uzbekistan. The credit facility marks a signi- with an integrated battery energy
fi cant milestone for its entry into Uzbekis- storage system (BESS) of 63 MW/
“Jakson Green has secured a credit tan’s renewable energy sector, as the 126-MWh.

Adani Green operationalises fi rst 250-MW wind

capacity at Khavda

Adani Green Energy Ltd. (AGEL) cial role in India’s energy mix, ensur- resources in India, with wind speeds
has operationalised the fi rst 250-MW ing a continuous supply of renewable averaging around 8 meters per second,
wind capacity at the “world’s largest energy by complementing solar power making it an optimal location for wind
30,000-MW renewable energy plant” generation, which occurs during the energy generation. According to AGEL,
located in Khavda, Gujarat. day, with wind power, which is typically the Khavda Renewable Energy plant is
harnessed at night. Additionally, wind equipped with some of the world’s lar-
According to a press release, this energy aids in grid stability by diversi- gest and most powerful onshore wind tur-
brings the cumulative operational capa- fying energy sources and, when paired bine generators (WTG), each with a
city at the Khavda plant to 2,250-MW, with storage solutions, strengthens the capacity of 5.2-MW. These high-capacity
reinforcing AGEL’s leadership with a renewable energy baseload. WTGs enable effi cient land use, result-
total operational portfolio of 11,184-MW ing in higher energy yields and reduced
across India. Wind energy plays a cru- Khavda boasts some of the best wind levelised cost of energy (LCOE).

144 Chemical Weekly August 13, 2024

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