BUSINESS
All you need to know about SECI — the hitherto low-profile PSU suddenly in the limelight
SECI is also the nodal agency for the National Green Hydrogen Mission. It has awarded contracts for 412,000 metric tons of green hydrogen production capacity as well as a 1.5 GW electrolyser manufacturing capacity under the NGHM
BUSINESS
Bullish on solar, not keen on FDRE: NTPC CMD Gurdeep Singh
NGEL is mostly looking at tie-ups with CPSUs and states for off take of its renewable energy. So far, it has made agreements with states or entities of the state governments in Rajasthan, Maharashtra, Andhra Pradesh, Gujarat, Chhattisgarh, Telangana and so on for land and off-take of RE
BUSINESS
NTPC Green valuation was moderated based on current market sentiment: NTPC CMD Gurdeep Singh
Singh said NGEL has a pipeline of 19 GW of renewable energy projects till FY27 at an investment of Rs 1 lakh crore
BUSINESS
Centre seeks inclusion of battery energy storage systems in solar tenders
Pankaj Agarwal, secretary with the power ministry, argued that energy storage systems have become quite viable, with the the cost of such systems having come down from about Rs 10 per kWh to about Rs 4.50 per kWh on a levelled cost basis currently, and could soon go down further to Rs 3.75-4 per kWh.
BUSINESS
Centre to launch PLI scheme for power transmission sector by end of FY25
The move comes amid a global shortage of transmission equipment, which sent prices rocketing. With renewable energy push, faster laying of transmission lines has emerged as a major challenge
BUSINESS
Here's all you need to know about NTPC Green Energy's Rs 10,000-crore IPO
As part of its renewable energy push, NGEL is developing a green hydrogen hub at Pudimadaka in Andhra Pradesh and intends to commission grid-scale battery storage for round-the-clock power
BUSINESS
Profitable state power companies should go for IPOs, says Union Minister ML Khattar
The Centre has also asked states to promote nuclear power projects and look for adequate sites for such projects. Currently, 18 sites have been identified for possible nuclear power plants, Khattar said.
POWER
Govt expands green hydrogen use for cooking, heating in homes with new pilot scheme
Under the pilot scheme, the government would consider projects with innovative approaches for decentralised green hydrogen production, utilising sources such as rooftop solar, micro-hydel plants, floating solar installations, wastewater and biomass.
BUSINESS
ReNew partners with JERA to evaluate joint development of green ammonia project in India
On April 11, Moneycontrol was the first to report that ReNew will now take up green hydrogen projects in India and that the company’s overseas plans may have to wait longer
BUSINESS
Beware of electricity bill scams; MC explains the steps to avoid falling in the trap
If not sure about your electricity dues, talk directly to your discom. This makes sure you're getting the right information and keeps you safe from scams.
BUSINESS
MC Exclusive | ReNew to take up green hydrogen projects in India first, overseas plans may have to wait: Sumant Sinha
The company's CEO says that this means plans for an $8-bn, 22,000-tonne green hydrogen plant in Egypt's Suez Canal Economic Zone will be put on the back burner.
BUSINESS
At 11.4 GW, India's coal proposals hit record high since 2016: Global Energy Monitor
Along with the government’s pledge to double coal production within the next four years, these developments make it clear that, despite recent progress toward increasing India’s renewable energy capacity, the country has no intentions of phasing coal down or out, the report stated.
BUSINESS
ReNew crosses 10GW of gross renewable energy assets in India
Sumant Sinha, founder, chairperson and CEO of ReNew, said the company will double its renewable energy asset portfolio to 20 GW by 2027-28
BUSINESS
Exclusive: Patel Engineering’s order book to hit Rs 25,000 crore in FY25, says CFO Kavita Shirvaikar
Shirvaikar said the company’s key forte will continue to be hydropower projects for years to come with its share not going below 50 percent. She added that Patel Engineering will expand its base in the pumped storage, irrigation and water supply sectors.
BUSINESS
Increasing nuclear power capacity key to meet 2070 net zero target: Govt report
The study also found that despite India's net zero ambitions and initiatives toward achieving the goal, coal will continue to be the backbone of Indian energy system for the next two decades.
BUSINESS
NTPC becomes first CPSU to invite bids for setting up concentrated solar power plant
On March 14, Moneycontrol was the first to report that the Union government is planning to bring in concentrated solar power systems for large renewable energy parks or farms.
BUSINESS
MC Newsbreak Confirmed: Govt asks gas-based power gencos to step up for summer demand; mulls mandate under Section 11
Moneycontrol on March 22 was the first to report that the Union government is pushing power generation companies (gencos) to buy gas and scale up electricity generation from stranded or underutilised gas-based power units.
BUSINESS
India aims for 24x7 power for all but what lies ahead for rural electrification?
In December 2014, the government of India launched the Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) with the objective of electrifying all un-electrified villages as per the Census of 2011, which is the latest report covering the demographic, social, and economic data of India.
BUSINESS
ALMM support will help India become the next big solar manufacturing hub: Experts
Of the 500 GW non-fossil source based electricity generation capacity planned by 2030, the government aims to generate at least 300 GW solely through solar power.
BUSINESS
India's power demand begins to rise as some states witness heatwave conditions
On March 28, coal fired power plants contributed 77% to India's energy mix, while renewable energy contributed only 11%
INDIA
NHPC inks loan agreement of JPY 20 billion with Japan Bank for International Cooperation
The RE projects include a 300 MW solar power project in Bikaner being developed under the CPSU 1000 MW Scheme, wherein Central Public Sector Undertakings (CPSUs) implement grid connected solar projects with a viability gap funding (VGF) offered by the Centre.
BUSINESS
Baltimore bridge collapse incident unlikely to impact coal prices for India: Experts
India primarily imports thermal coal from South Africa and Indonesia, and average prices from these countries decreased by approximately 54 percent and 38 percent respectively during April 2023 to January 2024 as against a year ago.
BUSINESS
Bullish on India for the opportunities it offers, says US Ambassador Eric Garcetti
The friendship between the leaders is most consequential in a world of aligned democracies, US Ambassador to India Eric Garcetti said on India-US relationship
BUSINESS
ACME to invest at least $3 billion in green ammonia projects in FY25: Group President
The renewable energy company plans to build a portfolio of about 10 million tonnes of green ammonia or its equivalent in hydrogen production by 2030.
