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SOLAR POWER IN INDIA
Why in news? According to ICRA, Solar addition capacity of India to fall by 40% to about 4-4.5 GW in FY19.
With about 300 clear and sunny days in a year, the calculated solar energyincidence on India’s land area is about 5000 trillion kilowatt-hours (kWh) per year (or 5 EWh/yr).
The solar energy available in a single year exceeds the possible energy output of all of the fossil fuelenergy reserves in India. The daily average solar-power-plant generation capacity in India is 0.20 kWh per m2 of used land area, equivalent to 1400–1800 peak (rated) capacity operating hours in a year with available, commercially-proven technology.
Solar power in India is a fast developing industry. The country’s solar installed capacity reached 20 GW in February 2018. India expanded its solar-generation capacity 8 times from 2,650 MW on 26 May 2014 to over 20 GW as on 31 January 2018. The 20 GW capacity was initially targeted for 2022 but the government achieved the target four years ahead of schedule.
International Solar Alliance
The alliance consists of over 120 countries and its formation was announced at the Paris COP21 climate summit.
The headquarters of the International Solar Alliance(ISA) is in Gwal Pahari, Gurgaon.
The ISA will focus on promoting and developing solar energy and solar products for countries lying wholly or partially between the Tropic of Cancerand the Tropic of Capricorn.
ISA hopes that wider deployment will reduce production and development costs, facilitating the increased deployment of solar technologies to poor and remote regions.
Asian Premium issue
Why in news? India to ally with China and other Asian countries on Asian Premium issue levied by OPEC
Organization of the Petroleum Exporting Countries is an intergovernmental organizationof 14 nations as of February 2018, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela).
OPEC headquarter is in Vienna, Austria.
As of 2016, the 14 countries accounted for an estimated 44 percent of global oil productionand 73 percent of the world’s “proven” oil reserves, giving OPEC a major influence on global oil prices that were previously determined by American-dominated multinational oil companies.
Issue of Asian premium
Asian countries are largest importer of OPEC produced oil products.
The OPEC sells their oil to the Asian countries at a higher price than the normal selling price. This extra price changed is called the ‘Asian Premium’. While OPEC sells their oil products to western countries at a cheaper price than the normal selling price.
Now the Asian countries are voicing its dissent against this and emphasizing responsible and reasonable pricing.
Babur Weapon System-1 (B)
Why in news? Pakistan has test fired its upgraded ballistic cruise missile named Babur.
The missile has been named after the first Mughal emperor Babur.
It can deliver conventional and non-conventional weapons with range of 700 kilometres which
brings many important Indian cities within its range.).
It is low-flying, terrain-hugging missile, which carries certain stealth features and is capable of carrying various types of warheads.
It incorporates advanced aerodynamics and avionics that can strike targets both at land and sea with high accuracy.
Babur is equipped with Terrain Contour Matching (TERCOM) and all time Digital Scene Matching and Area Co-relation (DSMAC) technologies, which enable it to engage in various types of targets with pinpoint accuracy even in the absence of GPS navigation.
This missile makes an important force multiplier for Pakistan’s strategic deterrence.