BUSINESS
Govt extends mandatory blending of imported coal in thermal power plants till March 2024
The peak power demand met during the day hit a record high of 240 GW on September 1. However, the power shortage or the demand that could not be met also hit a record high of 10 GW
BUSINESS
NTPC to scale up production of green coal
The green fuel can help address the issue of farm fires and produce renewable power while generating thousands of crores in annual revenue, said Gurdeep Singh, chairperson and managing director of NTPC Ltd.
BUSINESS
Himachal floods delayed Parbati-II hydropower project commissioning to FY25
NHPC Ltd CMD RK Vishnoi also said that the first and second units of the Subansiri Lower hydroelectric project in Arunachal Pradesh will be commissioned in January and March, 2024 respectively.
BUSINESS
Gas-based power generation to be used as a last resort and for grid stability: NTPC CMD
NTPC is set to sign a supply agreement for another four-and-a-half years with GAIL to ensure further availability of gas in the long run.
BUSINESS
Reliance AGM 2023: RIL chalks out roadmap for $1/kg green hydrogen production target in India
RIL will simultaneously set up a fully-integrated, automated, giga-scale electrolyser manufacturing facility, Ambani said
BUSINESS
Reliance AGM 2023 | Solar giga-factory at Jamnagar to be ready by end of 2025: Mukesh Ambani
RIL is developing a manufacturing ecosystem critical to achieving cost-efficient wind power generation at giga scale. It is also going to scale up its energy storage project for round-the-clock renewable energy for its captive requirements as well as the growing electricity demand of the country.
BUSINESS
Bullish on India | Lot of global capital looking to tap Indian clean energy space: Sumant Sinha of ReNew
The India opportunity is so attractive right now, and the next 25 years are truly going to be India's years, says Sumant Sinha, founder, chairperson and CEO of ReNew. We'll need almost $500 billion just for the electricity sector over the next 7-8 years, he says.
BUSINESS
B20 Summit | Global South will lead the world economy, but resources must flow in: Amitabh Kant
Two-thirds of the growth of the world is going to come from the Global South if resources are made available, Kant said, and added that the existing international financial architecture is heavily weighed against the bloc right now
BUSINESS
Green hydrogen mandates for hard-to-abate sectors to be put up before cabinet soon: RK Singh
The Union minister said in just about 10 months India already has a pipeline of 5.8 million tonnes of green hydrogen and 37 million tonnes of green ammonia orders that have already been backed or are in the pipeline.
BUSINESS
Exclusive: Government to invite bids for green ammonia-based energy storage systems
While the cost of BESS remains the highest at Rs 10 per kWh, the cost of pumped hydro has now come down from about Rs 8 to about Rs 5 kWh. A tender for green ammonia to be used for energy storage will be a first in India
BUSINESS
Imported coal-based power plants must run till October as govt extends emergency clause by a month
Due to the surge in power demand and subsequent load-shedding, the Central Electricity Regulatory Commission on August 15 also directed all power distribution companies to promptly requisition their power needs to the generating companies
BUSINESS
India’s power regulator seeks discussion on market coupling, floats staff paper
The report of the group on Development of Electricity Market in India 2023, which was headed by former secretary for power Alok Kumar, also stated that market coupling ensures bids and offers are combined to discover a single uniform market clearing price for a zone/bidding area
BUSINESS
Floating solar projects gain traction as land remains a limited resource in India
Floating solar, or floatovoltaics, are solar panels mounted on a water body such as a reservoir or a lake. Floating solar photovoltaic power plants can be 15-30 percent more expensive than land-based ones, but they can generate about 10 percent more capacity than land-based PV systems.
BUSINESS
PowerWatch | India's peak power demand hits record 234 GW on Aug 17 on rising temperatures
The demand that could not be met on August 17, also known as the peak demand deficit, stood at 7,255 MW. The unusually high peak demand deficit reflects that several parts of the country are facing power cuts.
BUSINESS
Diversification: CIL and its subsidiaries to use de-coaled land to build new thermal power plants
Given the country’s growing shift to renewable energy, the coal ministry has decided to foray into thermal power plants, and not just mine coal.
BUSINESS
CIL’s capex grows 8.5% to Rs 4,700 crore in April-July of FY24
Land was the major expenditure head at Rs 1,311 crore, accounting for 28 percent of the total capex spend in the April-July period.
BUSINESS
India's domestic coal-based power plants use more imported coal than imported coal-based plants
The reverse trend, where domestic coal based power plants are using more imported coal than ICB plants, is due to a government policy aimed at ensuring continuous electricity generation to meet the rising demand.
BUSINESS
Power sector will play a big role in India’s $5 trillion economy goal: Tata Power CEO & MD
Considering that India is one of the fastest-growing economies and there is an aspirational India, which is expecting a lot of improvement in the quality of life, this is the decade of India, and maybe even the next few decades, said Praveer Sinha.
BUSINESS
Will add 5 GW capacity, increase coal production by 47% in FY24: NTPC Head
NTPC has also decided not to go ahead with its plan a stake sale in NTPC Green Energy Limited (NGEL) through a strategic investor, said Gurdeep Singh
BUSINESS
Imports may rise if Chinese economy remains weak, says Hindalco MD Satish Pai
Aluminium prices are going to remain between the $2100 and $2300 range largely because of uncertainty of the Chinese economy, said Satish Pai, MD of Hindalco Industries
BUSINESS
Will add about 3,000 MT capacity of green hydrogen and its derivatives in FY24: Jakson Green Global CCO
The group as a whole (Jakson Group) has decided to scale up its solar manufacturing capacity from the current 1 GW to 2 GW. In that, it will also expand to cell manufacturing, instead of just making modules.
BUSINESS
Govt to allow carbon credit trade in global market for some sectors: RK Singh
The Union power minister said India will soon also see bids for offshore wind energy.
BUSINESS
Govt temporarily eases mandate on biomass pellet co-firing in thermal power plants
The problem is that sufficient quantity of biomass pellet is not available in the country as of now, Union minister for power and renewable energy RK Singh said on August 4.
BUSINESS
ACC’s cement plant in MP will be commissioned in current quarter: Adani Cement CEO
The cement industry is in the positive cycle of demand as well as cost factors, said Ajay Kapur, CEO of Adani Cement Industries Ltd.
