BUSINESS
India's power regulator directs audit of power exchanges citing lapses
This comes days after the CERC on February 6 ordered for a shadow pilot on market coupling of India's power exchanges.
BUSINESS
Govt likely to offer coal at lower than market rate for coal gasification projects
Available land near coal mines under the Ministry of Coal can be offered at competitive and concessional price for setting up coal gasification units, M Nagaraju, additional secretary and nominated authority, Ministry of coal said
BUSINESS
SJVN gets competitive L1 tariff of Rs 3.43/kWh for 1,500 MW solar-wind hybrid project
Of the six bid winners, Juniper Green Energy Private Limited topped the list by securing 150 MW at the opening tariff rate of Rs 3.43 kWh.
BUSINESS
Thermax Ltd to renew focus on power projects in FY25: CEO Ashish Bhandari
Power sector has emerged back again in a big way in the past three months or so. Hence, the inquiry pipeline relating to thermal power, both utility side and for captive projects, has gone up, said Bhandari
BUSINESS
Govt eyes concentrated solar power systems in renewable energy parks
There have been only a handful of solar thermal or CSP projects in India so far
BUSINESS
Tata Power will be a leading supplier for PM Rooftop Solar Scheme: CEO Praveer Sinha
According to Sinha, the timing of the announcement couldn't have been better for Tata Power. To install solar panels in one crore households, domestic content requirement (DCR) solar PV modules will be needed, and Tata Power's new module-making unit will be well-positioned to supply the same.
BUSINESS
Hopeful of agreement on Mundra power plant before June-end: Tata Power CEO
At present, under Section 11, full quantum of the power from Mundra is being procured by the procurers, Praveer Sinha said.
BUSINESS
Modi renames rooftop solar scheme as 'PM Surya Ghar: Muft Bijli Yojana' with Rs 75,000-cr investment
Union minister for power and new and renewable energy RK Singh said those who availed low-income houses under the Pradhan Mantri Awas Yojna will be considered in this scheme.
BUSINESS
MC newsbreak confirmed: Mandate on purchase of domestic solar modules to be reimposed from April 1
However, in its latest order, the Ministry of New and Renewable Energy said projects that are at an advanced stage of construction and where the order for solar modules was placed before March 31, 2024, will be exempted from the Approved List of Models and Manufacturers mandate.
BUSINESS
Initial simulations by CERC suggests market coupling will not have any significant benefit: IEX CMD
The CERC order, seen by Moneycontrol, however, also stated that coupling RTM and SCED would help increase the depth of the market while ensuring system reliability
BUSINESS
MC Explains: What is market coupling and why is it in the news?
It would mean a uniform price for electricity across power bourses, but analysts say this will not have any immediate impact on the end user (household, industry or commercial).
BUSINESS
Government's power sector schemes get 50% higher funds in Budget 2024
Green hydrogen, solar power and green-energy corridors have all received higher allocations, given the 2030 renewable energy target. Wind energy has received less but is expected to pick up pace next year, officials said
BUSINESS
Pradhan Mantri Suryoday Yojna: Houses consuming up to 300 units to get rooftop solar free
A day after the Interim Budget, Union minister for power RK Singh, providing further clarity on the scheme, said those who availed low-income houses under the Pradhan Mantri Awas Yojna will be considered in this. He added that households with power consumption more than 300 units per month will have to install rooftop solar on their own, even as they will be eligible for enhanced subsidies.
BUSINESS
After Interim Budget, govt invites bids for offshore wind projects
The government has made it clear that no viability gap funding will be given under the open access bids and the renewable energy generated will be sold to industries, which are currently in the high-tariff band
BUSINESS
PM Modi to inaugurate 4 thermal power plants in Odisha on Feb 3
Moneycontrol was the first to break the news on January 29 about PM Modi's plan to launch projects worth nearly Rs 69,000 crore in Odisha in February, of which at least Rs 58,000 crore will be for coal and power projects alone.
BUSINESS
Energy Budget: Power PSUs get 17% more budgetary allocation
This highest spike in budgetary allocation went to Power Grid, while the lowest was to NTPC Ltd.
BUSINESS
Budget 2024 on Green Energy: Rooftop solar, offshore wind, coal gasification, biomass get boost
BUSINESS
Offshore wind gets financial incentive in Budget 2024
The FM's announcement is significant as currently, there are no offshore wind projects in India. The country only has land-based wind farms as of now, totalling a capacity of 44,089.68 MW.
BUSINESS
Interim Budget promises up to 300 units monthly free electricity to households from rooftop solar
Moneycontrol was the first to report on January 24 that the 'Pradhan Mantri Suryoday Yojna' would find a mention in the FM's Budget speech, for which budgetary allocation is expected to be enhanced.
BUDGET
Rooftop solar, green hydrogen, offshore wind, green energy corridor may find mention in FM's Budget speech
The Budget speech could also mention energy efficiency programmes such as deploying BLDC fans and electric cooking. It may also include increased incentives for energy storage systems, and the recently approved Rs 8,500 crore coal gasification scheme of the government
BUSINESS
Budget 2024: Green energy sector seeks more incentives, tax relaxations
An area where increased CapEx is required, according to industry stakeholders, is setting transmission lines for evacuation of the upcoming renewable energy capacities.
BUSINESS
Exclusive: PM Modi likely to launch projects worth Rs 69,000 cr in Odisha next month, bulk in coal & power sector
During his Sambalpur visit, the PM is likely to lay the foundation stones of at least four thermal power plants totalling 5,570 MW. He will also launch three coal logistics projects for faster evacuation of the fossil fuel.
BUSINESS
Indian government to offer Rs 8,500 crore financial assistance for coal gasification projects: Union Cabinet
Coal India will supply coal at notified prices and with production ramping up, it is estimated that imports worth Rs 1.3 lakh crore can be substituted with domestic production, Union minister Pralhad Joshi said on January 24.
BUSINESS
MC Exclusive: Interim Budget likely to offer enhanced subsidies under PM Suryoday Yojna
The allocation in the Interim Budget for the rooftop solar scheme is likely to be at least Rs 20,000 crore.
