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The US Federal Reserve’s decision to lower its benchmark interest rate to a range of 4.25-4.50 per cent marks a turning point in its monetary policy.
US Trade and Development Agency (USTDA) has extended its support to power discom Tata Power Delhi Distribution with a grant to explore and develop opportunities in the areas of distributed energy resources (DERs) such as integration of rooftop solar, energy storage systems, and electric vehicles.
The grant agreement was signed by Praveer Sinha, CEO and MD, Tata Power-DDL and Heather K Lanigan, country manager, South Asia, USTDA on the sidelines of India Smart Grid Week 2018 in the national capital.
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The grant, which is part of the second phase of technical assistance, will help Tata Power-DDL evaluate different combinations of distributed energy resources that it could implement to improve its electric grid.
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Sinha said, The present agreement with USTDA will focus on optimal usage of Distributed Energy Resources (DER) so as to provide overall network and grid efficiency, grid stability and load optimisation by using more off-the-edge grid solutions. This will help the country to induct new technology and solutions towards penetration of renewable energy and DER solutions.
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