BUSINESS
PowerWatch | Power demand off highs at 218.67 GW on June 12
On June 9, the non-solar or nighttime peak power demand also remained as high as 214.2 GW. On June 12, it was 213.53 GW.
BUSINESS
Viability Gap Funding (VGF) of Rs 6,800 crore likely for offshore wind projects: Govt sources
In the 50 GW-per year trajectories set out for bidding of renewable energy (RE) projects, the government has also exclusively mentioned that bids of 10 GW have to be from wind energy every year.
BUSINESS
PowerWatch | Power demand hit an all-time high on June 9; Record likely to be breached this week
On the same day (June 9), the non-solar (night time) peak power demand also remained as high as 214.2 GW.
BUSINESS
Imported coal-based power plants to run till Sept as demand hits record high
India consumed a record 223.23 GW of electricity on June 9 as heat waves hit several parts of the country. The demand is expected to rise further, as per power ministry officials
BUSINESS
With Rs 12,000 crore investment, SECL aims to make Gevra coal mine largest in the world
The Gevra coal mine beat Indonesia's Sangatta coal mine to be Asia largest mine in FY 23 itself. Beyond the 70MT expansion plan, SECL wants to hit 100MT coal production from Gevra as its notified reserve is 900MT.
BUSINESS
PowerWatch: India clocks highest ever peak power demand on June 8
The demand which could not be met, also knows as the peak demand deficit, stood at 548 megawatts (MW) on June 8
BUSINESS
MC Explains: What is market coupling and why does the govt want it?
Market coupling is a must to bring a Market-Based Economic Dispatch (MBED) mechanism in India, which in turn will help in the reduction of power tariffs as it will increase flexibility and liquidity in the trade of electricity in the country.
BUSINESS
PowerWatch | Power demand continues to surge; touches 217.8 GW
Of the 165 domestic coal-based thermal power plants in the country, 30 had critical stocks as on June 7.
BUSINESS
One Nation, One Grid, One Price | India plans market coupling in power trade
The move is a step towards the government's intention to shift India's electricity trading from long-term (25 years) power purchase agreements (PPAs) to electricity markets (exchanges) and shorter PPAs of up to 12-15 years. It also means the government has revived its plan to introduce Market-Based Economic Dispatch (MBED) mechanism in India.
BUSINESS
Govt plans to stop 107 MT of coal imports by FY 2025: Pralhad Joshi
Rs 6,000 crore in VGF will be provided for coal gasification to two projects of PSUs, four projects from the private sector and five projects on pilot basis, Amrit Lal Meena, coal secretary told Moneycontrol.
BUSINESS
Union Cabinet approves continuation of its ‘Exploration of Coal and Lignite Scheme’
Approximately, 1300 sq. km area will be covered under regional exploration and nearly 650 sq. km area will be covered under detailed exploration.
BUSINESS
PowerWatch | India's power demand surges to 214 GW amid hot weather
The country's power demand is likely to remain above 200 GW in the June owing to delayed monsoon.
TRENDS
Exclusive | Rains delayed, NTPC to run gas-based plants at full capacity
Gas-based power plants have played a crucial role this summer to meet India's electricity demand in the non-solar hours.
BUSINESS
India's thermal power plants utilise 35 MT imported coal, meeting high demand
Despite the government mandating thermal power plants to blend imported coal up to 6 percent, only 3 percent has been achieved on an average so far. Yet, the India managed to save at least 46 MT of domestic coal with the import mandate.
BUSINESS
PowerWatch | India's power demand peaked at 211.6 GW during weekend
At least 35 million tonnes of coal are stocked at thermal power plants.
BUSINESS
PowerWatch |India's peak power demand reaches 201.7 GW, coal stocks manageable
About 35 million tonnes (MT) of coal are stocked at thermal power plants.
BUSINESS
Ohmium, NTPC sign country’s largest-ever green hydrogen electrolyser deal
Meanwhile, NGEL) and UPRVUNL signed a MoU in Lucknow on June 1 to collaborate in the development of renewable energy (RE) parks and projects.
INDIA
Coal India Ltd's May 2023 output rose by 9.5%, with overburden removal increasing by 35%
Domestic coal-based power plants are comfortably stocked with 35 MTs of coal as of May end. This is 13.2 MTs or 60 percent higher than 21.8 MTs over May 2022, CIL said.
BUSINESS
PowerWatch | India's peak power demand remains low as rain brings respite from heat
The share of renewable energy sources such as wind, solar and hybrid in the total energy generation on May 30 was 9.03 percent.
BUSINESS
India requires 33.6 trillion to meet growing electricity demand and renewable targets
The total fund requirement for the period 2022-2027 is estimated to be Rs. 14,54,188 crore and for 2027-2032 it is likely to be Rs. 19,06,406 crore.
BUSINESS
India will need 51,000 MW additional coal-based capacity by FY32 to meet growing power demand: National Electricity Plan
The NEP indicates that coal will remain important in ensuring India's energy security and energy transition, while keeping tariffs affordable, as battery storage systems remain expensive. However, the growth of renewable energy is going to be steeper than coal till 2032.
BUSINESS
Coal price hike may not increase power tariff for consumers, but input cost for industry may rise
However, the revised coal prices may lead to an increase in the price of cement, aluminum, steel among other commodities due to higher input costs, experts said.
BUSINESS
PowerWatch | Peak power demand crossed 201 GW on May 29
The share of renewable energy sources such as wind, solar and hybrid in the total energy generation on May 29 was 9.86 percent
BUSINESS
Coal India hikes prices of high-grade fuel by 8% after 5 years
CIL expects a revenue of Rs 2,703 crore for the balance period of financial year 2023-24. Moneycontrol was the first to report on May 11 that CIL was going to increase coal prices due to its plan of increasing the wages for its non-executive staff
