BUSINESS
MC Interview | Don't expect shortage of coal, imports will continue to increase: Coal Secretary
India will continue to expand its coal production capacity by opening new mines and enhancing the existing ones, Amrit Lal Meena, coal secretary, said.
BUSINESS
MC Exclusive | GST refund, capital subsidy, assured coal availability to promote gasification: Coal Secy
The govt will reimburse GST on cost of coal, offer 10% capital subsidy on setting up coal gasification plants, and assure coal supply at a notified price for 15 years.
BUSINESS
PowerWatch | Pleasant weather gone, peak demand shoots to 191.6 GW from 180 GW
The power demand is likely to further climb this week as the India Meteorological Department says heatwave is likely to make a comeback in most parts of India after days of pleasant weather.
BUSINESS
PowerWatch | Power deficit widens as demand begins to rise again
Of the 165 domestic coal-based thermal power plants in the country, only 29 had critical stocks as on May 7.
BUSINESS
MC Exclusive: NEP may focus on clean energy, govt still to add 41GW of coal-fired power by 2030: Sources
The 41 GW of coal-fired capacity planned by 2030 will primarily be ‘brownfield projects’, which means it will only entail capacity expansion at existing thermal power plants.
BUSINESS
Deferred renewable projects pulled FY23 capex down to Rs 6,500 crore: Tata Power CEO
Tata Power’s debt-equity ratio of 1 “is normally not seen in any infra company; they typically are in 2:1 ratio. Going forward, we expect to continue to have debt-equity in the similar range”, said Praveer Sinha.
BUSINESS
PowerWatch | Power demand on rise, coal stock situation remains 'manageable'
Of the 165 domestic coal-based thermal power plants in the country, 34 had critical stocks. Last year at this time, the number of such plants was around 96.
BUSINESS
Looking at a capex of Rs 12,000 crore in FY 2024: Praveer Sinha Tata Power CEO & MD
The government has set ambitious annual targets for bidding out 50GW if renewable energy projects every year. Tata Power will actively participate in these tenders, Sinha said.
BUSINESS
MC Interview | First Solar looks at producing 3.4 GW of solar modules annually, a year from now: MD Sujoy Ghosh
The company is one of the three selected under the production-linked incentive scheme to produce solar modules in the country. In India, the firm will continue to cater to power utilities instead of B2C companies. Ghosh hopes to significantly localise component supply chain by the end of 2025.
BUSINESS
PowerWatch | India's May power demand remains lower than last year
On May 3 last year, the country met a peak power demand of 199.4 GW, while the deficit was 943 MW, government records showed.
BUSINESS
NTPC starts first overseas power plant in Bangladesh
Named Maitree Super Thermal Power Plant, the project will have two units of 660 MW each and is located in Bagerhat, Bangladesh.
BUSINESS
PowerWatch | Lower than normal temperatures restrict India’s power demand to 173.2 GW
The coal stocks situation is “manageable”, as of now, data accessed by Moneycontrol shows. Of the 165 domestic coal-based thermal power plants in the country, 35 had critical stocks. About 33 million tonnes (MT) of coal are stocked at thermal power plants as on May 3.
BUSINESS
NTPC registers 148% growth in coal production from captive mines
NTPC recorded a coal production of 23.2 million tonnes in FY23, witnessing a 65 percent growth against 14.02 million tonnes a year ago from its four operational coal mines -NTPC Pakri-Barwadih (Jharkhand), NTPC Chatti Bariatu (Jharkhand), NTPC Dulanga (Odisha) and NTPC Talaipalli (Chhattisgarh).
BUSINESS
Govt cracks down on delayed green power projects; extension only after merit review
Extension on the scheduled date of commissioning of solar or hybrid projects will be examined on a case-by-case basis. If found that adequate measures such as land acquisition or placing orders for modules have not been done as yet, then the entire project will be liable for cancellation, the MNRE stated.
BUSINESS
PowerWatch | India's peak power demand at 3-Year low amid cooler weather
When it comes to shortage in meeting the peak demand, the May 1 deficit was the lowest in at least a decade as the deficit in 2015 and 2014 was as high as 5,058 MW and 3,242 MW respectively.
BUSINESS
NTPC and NPCIL sign agreement for joint development of nuclear power plants
Moneycontrol was the first to report about NTPC's plan to expand India's nuclear power projects. NTPC, India's largest power producer, aims to start generating 2,000 MW of nuclear energy by 2032, 4,200 MW by 2035 and eventually scale up to 20,000 MW by 2050.
BUSINESS
PowerWatch | Country's power demand falls by 24 GW over the weekend
With rains predicted till May 3, the power demand is likely to remain below 200 GW until then.
BUSINESS
Serentica Renewables bags $250 million additional funding from KKR
This latest investment builds on the $400 million investment from KKR in November 2022.
BUSINESS
PowerWatch | India’s power demand may crawl back to 200+ GW in coming week
The coal stock situation is “manageable”, as of now, data accessed by Moneycontrol shows. Of the 165 domestic coal-based thermal power plants in the country, 32 had critical stocks. Last year at this time, the number of such plants was around 96.
BUSINESS
Indian Railways plans to operate 600 trains daily to transport 75 MT of coal in June
Technology trials of the multiple wagon tipplers system are on by the national carrier. This has the potential to dramatically improve the supply chain of coal across the country.
BUSINESS
High Price Day Ahead Market at power exchanges had no trade for over a month since launch
Overall, until now, 194 MWh has been traded in HP-DAM. The highest trade happened on April 17, with 98 MWh at the market clearing price of Rs. 19.64.
BUSINESS
PowerWatch | Renewables contribute 11% to meet India's current power demand; share of coal at 77%
As on April 26, the contribution of renewable energy sources (RES) such as solar, wind and biomass to meet the power demand was 11 percent, whereas, the share of coal-fired thermal power plants was 77 percent.
BUSINESS
Tax levied by states and union territories on electricity generation illegal: Centre
Stating that some state governments are imposing a “water cess” on hydroelectric projects, the Centre directed all states and UTs to immediately withdraw any such tax or duty.
BUSINESS
Govt revises merit order in power exchanges to maintain low costs
Under the revised mechanism, the merit order for power dispatch in the exchanges will be decided a day in advance instead of the he current 1.5 hours. The system will also include all thermal power generators, instead of just NTPC's thermal stations, which is currently the case.
