MCMINIS
What's covered under green bonds?
BUSINESS
High-price power trading to begin on IEX in March as regulator gives the go-ahead
Moneycontrol was the first to report that Central Electricity Regulatory Commission's nod to HP-DAM market was expected anytime and IEX will launch it next month
BUSINESS
Off-river Pumped Storage Plants exempt from environmental impact assessment
PSPs will be exempt from the free power liability as well, and sovereign green bonds may be deployed for such projects, as per the draft guidelines. It also asks states to exempt land for such projects from stamp duty and registration fees.
BUSINESS
Delays in renewable projects? India to blacklist companies
This is the first time that the government has decided to take action against renewable energy developers for delays in project completion. The move comes at a time when several solar power projects have either been halted or delayed due to disruptions in equipment such as modules, cells, wafers and so on.
BUSINESS
High price market likely to be launched in power exchanges next month
The government intends to roll out HP-DAM soon so as to meet the spurt in power demand that is expected during the summer months. In April-May last year, many states in the country faced hours of outages because of an unrelenting surge in power demand due to a sudden heatwave, rapid economic recovery and shortage of coal to generate power.
BUSINESS
Will introduce two new market segments within six months: Rohit Bajaj of IEX
IEX’s stake in Indian Gas Exchange (IGX) is 47 percent as of now. There is no plan to divest further at this point in time, said Bajaj.
BUSINESS
Energy Saving Certificate trading resumes after a year
For the first time, the Bureau of Energy Efficiency has set a floor price for Energy Saving Certificates trade. The floor price is Rs 1,840 per ESCert.
BUSINESS
ReNew Power is now ReNew
ReNew aims to provide solutions that will enable companies and countries to make a rapid, urgent and ethical transition towards clean energy, said Sumant Sinha, Chairman and CEO, ReNew.
BUSINESS
NTPC to have 2,000 MW nuclear power by 2032, and 20,000 MW by 2050
The two plants in the pipeline will have pressurised heavy water reactors (PHWR), which is almost indigenised, and the power tariff from them would translate into Rs 7.36 per unit approximately
BUSINESS
In a first, Lithium reserve found in Jammu and Kashmir: Vivek Bharadwaj, secretary, ministry of mines
In the coming financial year (2023-24), the government is going to focus on exploration of strategic and critical minerals, including fertilizer minerals.
BUSINESS
Renewable portfolio will show results in 12-18 months: Praveer Sinha, CEO & MD, Tata Power
Based on the current power demand, peak consumption this summer may cross the government’s projection of 230 GW, and even touch 240 GW. Sinha said made-in-India solar modules will be nearly 20 percent cheaper than the imported ones. He added that Tata Power is going to set up pumped storage in all its hydroelectric projects.
BUSINESS
UP discom invites fresh bids after cancelling Adani Group’s smart meter bid
The tenders were part of India’s push to bring down Aggregate Technical and Commercial (AT&C) losses by infusing reforms through the Revamped Distribution Sector Scheme. India has set a target to bring down AT&C losses to 12-15 percent by 2024-25 and cut the cost-revenue gap to zero.
BUSINESS
Eyeing Rs 50,000-cr investment for 10 GW renewable energy capacity by 2040: BPCL's Shelly Abraham
Bharat Petroleum Corporation Limited is one of the first oil sector PSUs to have built a separate vertical for renewable energy. The head of the RE wing speaks to Moneycontrol about the journey ahead.
BUSINESS
Commercial operations of Adani’s Godda thermal power plant likely to be delayed again
The impasse over the thermal power plant comes at a time when the entire Adani group has been plunged into a crisis following the Hindenburg report.
BUSINESS
Will reimpose emergency law if needed to meet power demand: Power Minister RK Singh
The government is preparing to meet a projected peak electricity demand of 230.144 gigawatts (GW) in FY 2024.
BUSINESS
Adani issue won't impact India’s green energy mission: Power minister RK Singh
Adani Group, led by billionaire Gautam Adani, has been one of the early movers in India’s renewable energy journey.
BUSINESS
Budget 2023: First-of-its-kind green energy transmission line from Ladakh to Haryana announced
The green energy transmission corridor is being planned between Pang in Ladakh and Kaithal in Haryana and is likely to span 900 kilometres.
BUSINESS
Budget 2023: Allocation for renewable energy up 48 percent
The Budget 2023 has allocated Rs 297 crore for the first year of the National Green Hydrogen Mission, which was approved by the Union Cabinet in January.
BUSINESS
Budget 2023: In green energy push, battery storage gets funding boost
Union Budget 2023-24: Battery energy storage systems are devices that enable energy from renewables like solar and wind to be stored and released when power demand peaks
BUSINESS
Budget 2023: 'Green Growth' among 7 priority sectors for govt
Budget 2023: The "Green Growth" priority sector is a step towards India's resolve to achieve Net Zero by 2070.
BUSINESS
Economic Survey 2023: India becoming favoured investment destination for renewables
Economic Survey 2023: To meet India’s long-term target of achieving net-zero emissions by 2070, “tens of trillions of US dollars” will be required, it said
BUSINESS
Economic Survey 2023: Need to create strategic mineral reserves, states document
Economic Survey 2023: In India’s green ambition, the document highlighted the skewed distribution of critical minerals as a supply risk, pegs green hydrogen cost at $1.7-$2.4/per kg by 2030.
BUSINESS
Economic Survey 2022-23: Renewable energy led rise in electricity generation between FY21 and FY22
For the first time, the government also gave an update on its solar parks scheme stating that as on September 30, 2022, the government has sanctioned the entire target capacity of 40 GW for the development of 59 Solar Parks in 16 states,
BUSINESS
Budget 2023 may give much needed fillip to pumped storage hydropower projects. Here's how
The government is likely to exempt off-river or off-stream pumped storage plants (PSPs) from environmental impact assessment, which is currently mandatory for all such projects.
