BUSINESS
Exclusive: Govt plans to increase uptake of gas-based power to meet peak summer demand
Overall, the government is looking to tap capacity of 16,200 MW, of which 10,000 MW is the biggest challenge as they are owned by private entities and state governments. The remaining 6,200 MW are Central government-run plants, which are already operating up to 3,200 MW currently.
BUSINESS
JSW Energy acquires 45 MW wind project of Reliance Power for Rs 132 crore
The transaction values the project at Rs 132 crore adjusted for net working capital
BUSINESS
Is India ready to meet this year’s summer power demand?
Railways is also likely to increase its rakes to the power sector by about seven percent, but if the power demand continues to surge at a CAGR of 8-10 percent or more, then even an increase in coal production will not help due to logistical constraints. Besides, rising night-time peak demand remains a major concern in the absence of renewable energy with storage.
BUSINESS
Imported coal for blending in power sector drops 28% in FY24
Pralhad Joshi, Union minister for coal, said that coal ministry will increase its production and the railways ministry is likely to increase the number of rakes provided to the power sector by about 7% to meet the surge in power demand
BUSINESS
Financial deficit in power distribution sector rose 79.5% in FY23: Power Ministry
The growth in power demand and global geo-political challenges resulted in an unprecedented increase in national power purchase costs of 71 paise per unit in FY23, as compared to the marginal increase of 4 paise / kWh in FY22 v/s FY21, the report of the Ministry of Power stated.
BUSINESS
Adani Electricity Mumbai tops Centre's discom ranking ; Torrent Power takes 2nd, 3rd spot
The aggregate technical and commercial losses of power utilities during the year fell from 16.2% to 15.4%, driven by a one percentage point increase in billing efficiency, which improved to 87%
BUSINESS
Exclusive: Plans afoot for 15 GW rooftop solar capacity in govt, commercial and industrial buildings
The government will soon start a pan-India survey to assess the final potential of solar panel installations in both state and central government buildings.
BUSINESS
We need to re-skill women for greater participation in the clean energy space: Vaishali Nigam Sinha
Sinha says that perhaps women from the coal sector can be re-skilled to become technicians in RE projects. ReNew has re-skilled salt pan workers to work as solar technicians.
BUSINESS
Breaking the energy barrier: How women leaders are powering the sector
Despite making up about 39% of the global labor force, women account for just 16% of the energy sector workforce, according to International Energy Agency.
BUSINESS
Electricity bills of Tata Power consumers in Mumbai to spike 20% as MERC approves tariff hikes
The energy charges for 101-300 units category have been increased to Rs 5.36 per kWh from Rs 5.05. For 301-500 category, it has risen to Rs 11.62 kWh from Rs 9.20.
BUSINESS
Explained: The Coal Logistics Plan and Policy and why India needs it
The targets under the plan include ensuring mechanized loading/handling and evacuation of 90 percent of coal produced through first mile connectivity (FMC) by FY30.
BUSINESS
Govt floats draft RFPs for setting up coal gasification units
The Ministry has sought feedback until March 20, 2024.
BUSINESS
Govt extends mandatory blending of imported coal in thermal power plants till June 2024
On March 4, Central Electricity Authority chairperson Ghanshyam Prasad said India's peak power demand this year could even hit the 260 GW mark.
INDIA
PM Modi launches development projects worth Rs 56,000 crore
Of the Rs 56,000 crore worth of projects, Rs 30,000 crore are projects of state-run power generation company NTPC Ltd.
BUSINESS
Torrent Power wins bid to supply gas-based power during crunch period in summers this year
The Government of India, through NVVN, has come up with the crunch or high-demand period scheme since last year to harness gas-based power generation (GBPG) so as to overcome the country’s rising power demand.
BUSINESS
PM Surya Ghar Muft Bijli Yojana: How you can apply for rooftop solar scheme and get subsidy
Households will be able to access collateral-free low-interest loan products of around 7 percent at present for installation of residential rooftop solar (RTS) systems up to 3 kW
BUSINESS
Coal Logistics Policy to result in cost savings of up to Rs 21,000 crore annually: Pralhad Joshi
Through the policy, the government aims to shift from traditional road-based coal evacuation system to railway-based systems in FMC projects. It also talks about using waterways for coal transportation.
BUSINESS
How PM Surya Ghar Muft Bijli Yojana is different from the previous rooftop solar scheme
The MNRE clarified that residential rooftop solar applications submitted before February 13, 2024 will not be eligible for the Central Financial Assistance (CFA) under the new scheme - PM Surya Ghar: Muft Bijli Yojana. They will be eligible for subsidies under the old regime.
BUSINESS
Indian Oil cancels tenders for 10 KTA-green hydrogen unit
IOC cancelled the tender amid a lacklustre response and allegations that the tender norms favoured a joint venture that included the state-run oil marketing company
BUSINESS
Coal India aims to produce 838 MT for FY25; Power sector to get at least 79% of it
For the current financial year (2023-24), Prasad said Coal India may miss the production target of 780 MT (FY24) by about 10 MT. Besides. of the 780 MT, Coal India is supplying more than the targeted 610 MT to the power sector in FY24.
BUSINESS
Coal ministry seeks 600 trains daily to augment supply to power plants in summer
India is stepping up coal-fired generation capacity as peak electricity demand is likely to touch 256.5 GW in 2024 from a record 240 GW in 2023.
BUSINESS
Govt amends power connection rules; cuts down time, EV owners can take separate connection
Consumers in co-operative group housing societies, multi-storied buildings, residential colonies can now choose on individual connections for everyone or a single-point connection for the whole premises
BUSINESS
Strategic Leh-Kaithal Green Energy Corridor gets President's assent
PGCIL is likely to place all orders for the project by March 2025 and it is likely to be a reality by FY2030
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.
