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.
BUSINESS
India should secure long-term natural gas pacts while prices are low: Deepesh Nanda of GE
Natural gas prices have fallen amid lower demand in Europe due to warmer-than-usual temperatures this winter, said Deepesh Nanda, CEO of GE Gas Power, South Asia.
BUSINESS
Energy storage business is going to be phenomenal, we are excited about it: JSW Energy’s Jain
We are working to have a capacity of 1,000-2,000 MW of hydroelectric power in various states in due course.
BUSINESS
JSW Energy CEO: Merchant volume surges 65% YoY so far in FY23
Jain’s comments came on the day when the stock of JSW Energy tanked six percent following its Q3 result.
BUSINESS
India aiming at capturing 10% of global green hydrogen market: Govt
But, experts say it is going to take at least 5-7 years for India to actually starting exporting green hydrogen on the scale the government is envisaging. This is because till 2030 India has set a target of producing 5 MMT of green hydrogen annually, which will primarily be used for domestic consumption in hard-to-abate sectors.
POWER
Cost of electricity on power exchanges hits upper circuit for record length of time
Data showed that prices on the bourses remained at the upper limit for at least two weeks in December. The situation has continued into January, which has so far seen YoY growth of nearly 15 percent in demand, power ministry officials said.
ENVIRONMENT
Davos 2023: Joshimath issue is the land, no concerns on hydropower projects: Union power minister
RK Singh, in an exclusive interview with Moneycontrol, suggested there is no stopping for hydropower projects in the country, despite rising concerns over rampant construction in hilly regions such as Uttarakhand.
ENVIRONMENT
Budget 2023: Power sector proposes push for clean energy storage, transmission
Not only has the power ministry been pushing for the proposed green corridor between Ladakh and Haryana to be included in the upcoming Budget, it has also proposed a provision for viability gap funding (VGF) for battery energy storage systems (BESS).
ENVIRONMENT
India’s annual green hydrogen production can go up to 10 MMT: Govt
The document talks of creating Hydrogen Highways, and green ammonia bunkers and refuelling facilities at least at one port by 2025. Besides, oil and gas PSUs will be required to charter at least one ship each to be powered by green hydrogen or derived fuels by 2027.
ENVIRONMENT
Govt revamps auction norms, bans reverse bidding for wind energy projects
The Centre has also disallowed reverse bidding for such projects in the future. A formal procedure has been put in place to pool all the bids to ensure that capacity addition is done across all eight windy states in the country
ENVIRONMENT
Crisis-hit Uttarakhand struck by power shortage; Centre increases state’s quota
Data accessed by Moneycontrol showed that in the first 10 days of January, the hilly state saw an average daily demand of nearly 45 million units. At the same time, the state is facing a shortfall of at least 18 million units of electricity every day.
