BUSINESS
Neighbouring countries can now trade electricity in India's real time market
Nepal and Bhutan have traded 4.41 billion units of electricity in the Indian Energy Exchange (IEX) ever since India's Cross Border Electricity Trade (CBET) rules were notified in 2021.
BUSINESS
Exclusive | NHPC needs Rs 11,000 crore for mega hydropower merger plan
The company said it has limited resources and may have to turn to the government to acquire the two smaller hydel companies.
BUSINESS
Adani Green's renewable energy capacity to cross 45 GW by 2030, says CEO
The company is focusing on localising the renewable energy supply chain through a comprehensive vendor development programme, said Adani Green Energy CEO Amit Singh
BUSINESS
Exclusive | No more wind energy; NHPC will focus on solar power, says official
In addition, NHPC director (finance) RP Goyal said the Central government has asked the PSU to explore pumped storage projects with a total capacity of 22 GW. NHPC has also invited bids from select developers for 3 GW connected solar power projects across the country as part of the Centre's renewable energy bidding trajectory.
BUSINESS
$192 billion investment needed to provide energy to unelectrified population: ISA
At the current pace of progress, IEA estimates that 660 million people in the Global South will still lack electricity access by 2030 — the year to achieve Sustainable Development Goals (IEA, 2022).
BUSINESS
All tenders for Dibang hydropower project to be awarded by December: NHPC Ltd
Delayed for years over environmental and geological concerns, NHPC is finally all set to start work on the Dibang hydel project and commission the Subansiri and Parbati -II hydel projects by 2024. The three projects will augment India’s hydel power capacity by 5,680 MW (5.68 GW).
BUSINESS
Will have at least 6 GW of group captive capacity within the JSW Group: JSW Energy CEO
Currently, we have close to 20-21 million accumulated carbon credits, which we trade overseas. Going forward, as our portfolio increases, we will generate more carbon credits, which we are excited to trade in India, Jain said.
BUSINESS
Had no power to interfere in day-to-day affairs of PFS: Chairman Rajib Kumar Mishra
PTC has been a performer. The company's power trading volumes are also increasing and in the quarter that ended in June, it was about 16 percent higher, Mishra said.
BUSINESS
Electricity bills of Tata Power consumers in Mumbai to reduce by 25-35%
In May, Tata Power approached the APTEL seeking a stay on the multi-year tariff (MYT) for 2023-24 and 2024-25 issued by the Maharashtra Electricity Regulatory Commission (MERC).
BUSINESS
US, India working to de-risk global supply chain: Ambassador Eric Garcetti
The US will help India mine critical minerals and put them to use in various segments of the country's "green growth" vision, said the ambassador
BUSINESS
India's power system struggling to accommodate growing renewable energy capacity: IEEFA report
The seasonality of wind energy and concentration of wind power generation assets in six states leads to grid congestion in during the high seasons, the report said.
BUSINESS
NLC India CMD says no plans for divestment as of now; focus on asset monetization
The company has also sorted out most of the land acquisition issues for expansion of its lignite mine in Tamil Nadu's Cuddalore district, says Prasanna Kumar Motupalli. A section of the locals have been protesting against the project and in May, NLCIL had to shut five units of thermal power plant due to lignite shortage.
BUSINESS
SECI invites bids for green hydrogen production and incentive scheme
The last date to submit the bids is September 7, 2023 and bids will be opened on September 12.
BUSINESS
SECI invites bids for selection of electrolyser manufacturers for 1.5-GW capacity
Bidders will have to fulfil certain values of electrolyser performance such as specific energy consumption (SEC) and local value addition (LVA) for being eligible for the performance-linked incentive scheme.
BUSINESS
India aims to export 70% from likely 5 million metric tons green hydrogen output by 2030
Bhalla said the National Green Hydrogen Mission (NGHM) has a provision for imposing a consumption mandate, but added that no such mandate has been decided as of now.
BUSINESS
Green hydrogen can transform India’s $200 bn energy import bill into an export opportunity: Hardeep Puri
Ajay Kumar Sood, Principal Scientific Advisor to the Government of India, said India will now have to act fast in implementing the National Green Hydrogen Mission before other countries grab the market.
BUSINESS
Govt decides not to impose green hydrogen consumption obligation
India has committed to reducing the emission intensity of its GDP (emissions relative to GDP) by 45 percent by 2030 from the 2005 level. It also aims to achieve net zero by 2070
BUSINESS
Green Hydrogen R&D: Govt plans to cut costs, boost efficiency
Hydrogen technologies across the value chain are currently only under the development stage. Mature technologies such as electrolysers, fuel cells and carbon composite cylinders are not yet cost competitive with alternatives.
BUSINESS
Like renewable energy, Green Hydrogen in India to be cheapest in the world: RK Singh
Renewable energy accounts for 70-75 percent of the cost of green hydrogen production.
BUSINESS
Government notifies draft framework for formation of India's first carbon market
The Central Electricity Regulatory Commission will be the Indian carbon market regulator for all trading activities, while Grid-India will be its registry.
BUSINESS
Exclusive | Will invest in RE generation, green hydrogen & solar manufacturing: Avaada Group Chairman after raising $1.3 billion
Vineet Mittal said the group is exploring opportunities in the renewable energy market in Southeast Asia and beyond. He said the group plans to invest in a technology center either in Noida or Bengaluru to drive renewable energy innovation.
BUSINESS
Exclusive: Accountability of State Electricity Regulatory Commissions a challenge: Power Secretary
SERCs are expected to follow the norms of the tariff policy as mandated under the Electricity Act, so as to ensure that discoms remain financially viable. But most of the states have ignored this.
BUSINESS
Exclusive | Power ministry has not advised PSU promoters on PTC's regulatory scrutiny, says Secretary
“The power ministry will not protect anybody if someone is found doing wrong after investigations. But right now, it’s all allegations which are being investigated by the most able authorities,” Secretary Alok Kumar told Moneycontrol.
BUSINESS
PowerWatch | Peak demand touched 194.2 GW on July 28; share of renewables at 13.61%
The non-solar or night-time peak power demand remained close to the day-time peak demand of 192.5 GW
