BUSINESS
Red Sea crisis: Little impact on India’s coal imports, say analysts
The logistical hurdle will affect India’s imports of about 20 million tonnes of non-coking coal combined from the US and Russia routed via the sea lane. However, this volume constitutes only 14 percent of India’s total non-coking coal imports
BUSINESS
Govt to launch ninth round of coal mines auction on Dec 20: Coal Ministry
Of the 26 coal mines to be launched for auctions, 12 are in Madhya Pradesh, eight in Chhattisgarh, five in Jharkhand, and one in Telangana
BUSINESS
Cut off transmission access to discoms defaulting on payments to gencos: Govt
Data from the Ministry of Power showed that all current payments of gencos are up-to-date and the legacy dues of gencos have come down by 63 percent from Rs. 1.396 lakh crore to Rs. 51,268 crore in just over a year since the late payment surcharge rules were notified.
BUSINESS
Talking only about coal, fossil fuels is diversionary tactic of developed nations: RK Singh on COP28
The Union minister said even though India decided to add 80 GW of coal-fired capacity by 2030, the country's total thermal capacity will come down from nearly 70% in 2014 to about 33% in 2030, which will be one of the largest reductions by any country.
BUSINESS
NTPC eyeing merchant market as key revenue source for renewable energy
NTPC RE Ltd, a subsidiary of NTPC, will undertake a study to get a consolidated view of the future power market landscape, identify factors likely to impact the prices and simulate plausible trajectories of merchant price evolution for the next 20 years
BUSINESS
COP28 ends: A look at key decisions from the world’s biggest climate summit
Transitioning away from fossil fuels, accelerating efforts towards the phase-down of unabated coal power, setting up of the loss and damage fund, tripling renewable energy by 2030 and pledges by major oil and gas firms to curb methane emissions are some of biggest takeaways from COP28
BUSINESS
MC Explains: The why and how of India’s 100 MT underground coal mining target by 2030
While the aim is to have a very large chunk of energy derived from renewable sources, thermal power will not ride off into the sunset anytime soon. To meet the increasing demand for electricity, the government plans to substantially raise the amount of coal produced via underground mining.
BUSINESS
Coal stocks at thermal power plants improve to 27 MT in Dec
On December 9, India's power demand was 185.5 gigawatt (GW), while the shortage or the demand that could n0t be met was 303 megawatt (MW). On the same day last year (2022), the peak power demand was 186.5 GW and the shortage was 431 MW.
BUSINESS
Govt allocates 1,972 MW additional power to J&K to meet winter demand
Four mega hydro electric projects in J&K with a total capacity of 3,014 MW – namely PakalDul, Kiru, Kwar and Ratle - which were either stalled or could not commence due to various issues for past so many years have now been fast-tracked and are fully on track for completion before 2026, Minister Singh said
BUSINESS
Share of renewable energy with hydropower in India to touch 40% by 2030 from the current 23%: ICRA
However, challenges remain on the execution front with respect to delays in land acquisition and transmission connectivity, which could hamper the capacity addition prospects, the agency stated.
BUSINESS
Exclusive | ALMM for solar panels may be implemented from April 2024, say govt officials
The list was kept in abeyance to boost the number and capacity of solar installations in the country. As a result, domestic manufacturers were hit by the huge imports of components. The implementation of the list will ensure a level playing field for domestic players.
BUSINESS
Coal stocks at thermal power plants would have been zero in Sept without the import mandate: RK Singh
During April-October 2023, the average growth in coal-based generation, with respect to corresponding period of FY 23, was 8.6 percent and the depletion in DCB plants stocks was 15.3 million tons (MT), Singh said
BUSINESS
ISA forecasts soaring global solar capacity of 75,000 GW by 2050 propelled by long duration storage
The report estimates that LDES will become a $4 trillion industry by 2040, with an installed capacity potential of eight terawatt (TW).
BUSINESS
COP28: Ahead of Modi's speech, India firms up stand against 'phasing out' fossil fuels
With these statements, India is only strengthening its stand of not phasing out fossil fuels to ensure energy security, while also keeping electricity affordable.
INDIA
COP28 starts: Global stocktake, climate finance, limiting fossil fuels key agenda items
The most fierce negotiations at COP28 are likely to be on the future role of fossil fuels.
BUSINESS
Coal imports for blending drop 46.5%; coal-based power generation up 8.8%
Data from the Ministry of Coal showed that domestic coal-based power generation from April to October 2023 reached 686.7 billion units (BU), reflecting an 8.88 percent increase from the 630.7 BU generated in the corresponding period last year.
BUSINESS
Moody Monsoons: Erratic rains pulled down hydropower generation by 8% in H1FY24 — NHPC
Hydropower comprises about 11 percent of India's energy mix, per the CEA, and is considered to be a flexible mode of power generation. Unlike coal-fired plants, these units can be ramped up and down quickly in keeping with power demand.
BUSINESS
Coal India plans to phase out import of mining equipment in 6 years
A committee set up by the Ministry of Coal has recommended that tender clauses should promote the use of indigenous equipment to support the the 'Make in India' mission
BUSINESS
Budget 2024 Expectations: Coal India to have Rs 80,000 crore capex over next 5 years: CMD PM Prasad
Budget 2024 Expectations: Prasad also said CIL expects e-auction to form nearly 15 percent of its total production. The current figure stands at 9 percent
BUSINESS
Exclusive: PowerGrid can start work on Leh-Kaithal Green Energy Corridor only by 2026
The project will be challenging because of the terrain and the climatic conditions, and is expected to take about five years to complete. It will form a major part of India’s green energy goal by the year 2030.
BUSINESS
ReNew open to selling minority stake in solar module manufacturing capacity: CEO Sumant Sinha
ReNew's CFO Kailash Vaswani also said the company consummated transactions worth Rs 772 crore ($93 million) so far in FY24.
BUSINESS
World Coal Association transforms into FutureCoal: A global alliance for sustainable coal
India's biggest coal miner, Coal India Limited (CIL) is also a member of the FutureCoal alliance.
BUSINESS
Exclusive: Indian Energy Exchange (IEX) to extend long-duration contracts to 11 months
The new contracts, unlike the current three-month contracts, should help distribution companies to plan their procurement efficiently and well in advance
BUSINESS
Coal power plants thrive despite surge in renewable energy capacity: CRISIL Ratings
The report stated that higher PLFs will continue to be supported by conducive fuel supply as domestic coal production, building upon its record high of 893 million tonne (MT) last fiscal, is on track to achieve 11-13 percent growth projected for this fiscal.
