Electric Mobility Current Affairs - 2020

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Indo-French collaboration: Largest FDI project of Indian Railways

The Indian Railways and Alstom came together in the intention of transforming the freight transportation of India. In line with the collaboration, the MELPM-Madhepura Electric Locomotive Private Limited has been established. MELPM will now manufacture 800 electric locomotives for freight services with the foreign investment of 3.5 billion Euros.

Highlights

  • The locomotives including the bogies have been redesigned
  • Under the agreement, around 10 locomotives are to be delivered by the end of 2019-20 financial year and 100 locomotives by the end of March 2021
  • A factory along with township has been set up as part of the project in Madhepura, Bihar. The factory can manufacture 120 locomotives per year.
  • More than 300 engineers from India and France are working on the project currently

Significance

  • More than 90% of the parts of the locomotives are to be manufactured in India. This is being done under Make in India initiative
  • The project under the Corporate Social Responsibility initiative will set up skill centers that will impart training to local people
  • More than 50% jobs are allocated to the locals of the region.

Benefits

As the locomotives are 100% electrified it will not only bring down operational cost but will also reduce congestion faced by the railways

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Indian, French companies ink pacts worth 13 billion euros

Indian and French companies have exchanged 19 contracts and agreements worth over 13 billion euros in sectors including new and renewable energy, smart grid, nuclear energy, aviation, cement, telecom among others. The agreements were formalised at Indo-French Economic Partnership (IFEP) signing ceremony held in New Delhi in the context of French President Emmanuel Macron’s official state visit to India.

Key Facts

Aviation Sector: The biggest deals signed in terms of value were from civil aviation sector. Low-cost carrier SpiceJet signed $12.5-billion agreement with French aviation major Safran Group to supply 155 CFM LEAP-1B engines for airline’s Boeing 737 MAX aircraft, along with spare engines to support fleet.

Safran also announced its eighth facility in India at Hyderabad, Telangana with 250 employees, for production of harnesses used in civil and military aerospace applications, for both local and foreign programs.

Airports Authority of India (AAI) signed agreement with French engineering company Egis for conducting study of three airports in the country — Lucknow, Pune and Trichy.

Electric Mobility Sector: Four French companies — EdF International Networks, Citelum, G2M and Solstyce — signed an agreement to work together for developing charging infrastructure in India to support electric mobility.

Renewable energy sector: Bharat Light & Power and EDF renewed their contract pertaining to data acquisition to optimise wind and solar energy production.  General collaboration agreement was also signed between French Commission for Atomic and Alternative Energy (CEA) and Vikram Solar to increase production capacity of high performance solar cells and modules.

Cement Sector: French cement maker Vicat announced investment of Rs 1,200 crore in Karnataka to double its production capacity and investment of Rs. 510 crore in cement-grinding unit in Andhra Pradesh.

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