BUSINESS
Pradhan Mantri Suryoday Yojana: REC Ltd made nodal agency; to lend Rs 1.2 lakh cr
REC said the latest scheme for households announced by PM Modi on January 22 would cover at least 10 GW of its 40 GW target of rooftop solar installations by 2026
BUSINESS
MC Exclusive | Capacity addition, lower AT&C losses top RK Singh's wishlist for Modi 3.0
Our established power generation capacity has to go up to 900 GW, from about 427 GW today to meet India's burgeoning energy demand, the Union minister for power said.
BUSINESS
MC Exclusive | RK Singh seeks more funds for power sector, sops for green hydrogen
The power and green energy industry is hopeful that the government in its Interim Budget will ensure policy consistency, focus on green hydrogen, lower goods and services tax (GST) rates, and easy access to subsidies and climate finance.
BUSINESS
MC Exclusive | RK Singh vows to double India's hydropower capacity
The Union minister informed that another 18,000 MW of hydro projects are currently under construction and 13,000 MW are under various surveys and investigations.
BUSINESS
MC Exclusive | India at the forefront of energy transition: power minister RK Singh
Talking about universal access to electricity and energy security, the Union minister said no country can develop if it does not have sufficient electricity.
BUSINESS
Exclusive | India at the forefront of energy transition: RK Singh
Power Minister is confident of surpassing the target of adding 500 GW of renewable energy capacity by 2030, of which about 65 percent would be though non-fossil fuels.
BUSINESS
Govt launches fresh incentive scheme for green hydrogen, green ammonia production based on demand aggregation
This is the first incentive scheme specifically for the production of green ammonia under the National Green Hydrogen Mission. Moneycontrol was the first to report the incentive scheme plan in May last year.
BUSINESS
India to implement approved solar module maker list in April: RK Singh
The move is likely to boost domestic solar module manufacturers.
BUSINESS
Govt notifies Electricity (Amendment) Rules, 2024 to exempt captive projects from transmission license
Power minister RK Singh said investments worth Rs 16.93 lakh crore have been made since 2014 in the power and RE sectors, and another Rs 17 lakh crore worth investments are currently under pipeline.
BUSINESS
Exclusive | Govt to give 50% discount on revenue for underground coal mining: Minister Pralhad Joshi
A similar rebate will be offered for coal gasification projects, too, said the Union Minister for Coal, Mines, and Parliamentary Affairs.
BUSINESS
MC Interview | Coal ministry PSUs together to have 12 GW renewable energy capacity by 2030: Pralhad Joshi
The Union minister said sunset for the coal industry is a long way off given the rising demand for energy from a growing economy. He confirmed that the government has decided to offer a 50 percent discount on revenue share for underground mining in commercial coal mines and also for coal gasification.
BUSINESS
Exclusive: Govt will always retain ownership of NLC India and Coal India, says Pralhad Joshi
The Union minister for coal said any decision to sell up to a 10 percent stake via the offer for sale (OFS) route in NLC India will be taken by the Ministry of Finance.
BUSINESS
Exclusive: Coal push may continue even after doubling capacity by 2030, says Pralhad Joshi
Coal accounts for about three-quarters of India’s power generation and its demand is seen to be rising despite the country’s renewables plans. India has seen spikes in peak demand for electricity in the last two years, even as it has struggled to add renewable energy capacity in line with its goal of 500 GW of non-fossil fuel capacity by 2030
BUSINESS
Budget 2024: Power sector wants policy consistency, lower GST rates, easy access to subsidies
The industry says the government’s focal point should shift towards green hydrogen, since it has steadfastly supported the renewable energy sector, leading to a significant expansion in installed and manufacturing capacities.
BUSINESS
Govt aims 186.63 MT coal production through commercial mines in FY25
Coal India Limited, a PSU under the Ministry of Coal, on January 8 stated that it plans to intensify coal production through mining developers-cum-operators (MDOs)
BUSINESS
MC Explains: Govt’s new solar scheme worth Rs 515 crore for tribal areas
Until now, households in the particularly vulnerable tribal groups (PVTGs) have not had proper access to basic infrastructure because of distance, a lack of roads, and digital connectivity. The government's initiative aims to provide these basic facilities at their doorstep.
BUSINESS
Exclusive: No plan to increase gas-based power generation, says RK Singh
The Central Electricity Authority (CEA) monitors 62 gas-based power stations with a total capacity of 23,845 MW using gas as primary fuel. At least half of these stations, had zero generation in 2022-23
BUSINESS
CCI approves acquisition of GVK Power's 540 MW power plant by Punjab govt
This is the country’s cheapest purchase of any power plant. The deal stands at Rs 2 crore per MW, Punjab CM Bhagwant Mann said on January 1
BUSINESS
NLC India Odisha power plant project finds BHEL as only bidder after L&T backs out
Initially, two parties - L&T-MHI and BHEL - participated in the bidding process. But finally, in the price bid only BHEL participated. We are not aware of any specific reason for L&T backing out, said Prasanna Kumar Motupalli.
BUSINESS
No plan to offer viability gap funding for pumped storage projects: RK Singh
PSPs require a high capital expenditure, but in the long run, they are cost and space-effective since they have a much longer life than battery energy storage systems (BESS) and do not require mining of critical minerals, which currently is mostly imported in India.
BUSINESS
2024: A year when all new power sector policies will spring into action
The New Year is set to see renewable energy growth, coal fired capacity addition, solar manufacturing expansion, and the commissioning of major hydropower projects.
BUSINESS
Union Budget@10: A decade of renewable energy surge, but transmission and manufacturing lag
The last ten years have seen progress in capacity addition, consumer rights, and reduction in losses, but manufacturing facilities for renewable energy and transmission infrastructure are way behind targets.
BUSINESS
Government aims to slash imported coal stocks at thermal power plants to 2% by FY25: Pralhad Joshi
India is the world's third-largest consumer of energy, with an annual electricity demand increase of about 4.7 percent. Amid record-breaking demand, the country witnessed an 8.18 percent surge in overall power generation from April to October, compared to the same period of the previous year.
BUSINESS
Green Energy: India notifies rules to lease out seabed for offshore wind
To make offshore wind more attractive and tradable, the government is planning to offer renewable energy credits with multipliers and carbon credit benefits as well.
