BUSINESS
Breaking the energy barrier: How women leaders are powering the sector
Despite making up about 39% of the global labor force, women account for just 16% of the energy sector workforce, according to International Energy Agency.
BUSINESS
Electricity bills of Tata Power consumers in Mumbai to spike 20% as MERC approves tariff hikes
The energy charges for 101-300 units category have been increased to Rs 5.36 per kWh from Rs 5.05. For 301-500 category, it has risen to Rs 11.62 kWh from Rs 9.20.
BUSINESS
Explained: The Coal Logistics Plan and Policy and why India needs it
The targets under the plan include ensuring mechanized loading/handling and evacuation of 90 percent of coal produced through first mile connectivity (FMC) by FY30.
BUSINESS
Govt floats draft RFPs for setting up coal gasification units
The Ministry has sought feedback until March 20, 2024.
BUSINESS
Govt extends mandatory blending of imported coal in thermal power plants till June 2024
On March 4, Central Electricity Authority chairperson Ghanshyam Prasad said India's peak power demand this year could even hit the 260 GW mark.
INDIA
PM Modi launches development projects worth Rs 56,000 crore
Of the Rs 56,000 crore worth of projects, Rs 30,000 crore are projects of state-run power generation company NTPC Ltd.
BUSINESS
Torrent Power wins bid to supply gas-based power during crunch period in summers this year
The Government of India, through NVVN, has come up with the crunch or high-demand period scheme since last year to harness gas-based power generation (GBPG) so as to overcome the country’s rising power demand.
BUSINESS
PM Surya Ghar Muft Bijli Yojana: How you can apply for rooftop solar scheme and get subsidy
Households will be able to access collateral-free low-interest loan products of around 7 percent at present for installation of residential rooftop solar (RTS) systems up to 3 kW
BUSINESS
Coal Logistics Policy to result in cost savings of up to Rs 21,000 crore annually: Pralhad Joshi
Through the policy, the government aims to shift from traditional road-based coal evacuation system to railway-based systems in FMC projects. It also talks about using waterways for coal transportation.
BUSINESS
How PM Surya Ghar Muft Bijli Yojana is different from the previous rooftop solar scheme
The MNRE clarified that residential rooftop solar applications submitted before February 13, 2024 will not be eligible for the Central Financial Assistance (CFA) under the new scheme - PM Surya Ghar: Muft Bijli Yojana. They will be eligible for subsidies under the old regime.
BUSINESS
Indian Oil cancels tenders for 10 KTA-green hydrogen unit
IOC cancelled the tender amid a lacklustre response and allegations that the tender norms favoured a joint venture that included the state-run oil marketing company
BUSINESS
Coal India aims to produce 838 MT for FY25; Power sector to get at least 79% of it
For the current financial year (2023-24), Prasad said Coal India may miss the production target of 780 MT (FY24) by about 10 MT. Besides. of the 780 MT, Coal India is supplying more than the targeted 610 MT to the power sector in FY24.
BUSINESS
Coal ministry seeks 600 trains daily to augment supply to power plants in summer
India is stepping up coal-fired generation capacity as peak electricity demand is likely to touch 256.5 GW in 2024 from a record 240 GW in 2023.
BUSINESS
Govt amends power connection rules; cuts down time, EV owners can take separate connection
Consumers in co-operative group housing societies, multi-storied buildings, residential colonies can now choose on individual connections for everyone or a single-point connection for the whole premises
BUSINESS
Strategic Leh-Kaithal Green Energy Corridor gets President's assent
PGCIL is likely to place all orders for the project by March 2025 and it is likely to be a reality by FY2030
BUSINESS
India's power regulator directs audit of power exchanges citing lapses
This comes days after the CERC on February 6 ordered for a shadow pilot on market coupling of India's power exchanges.
BUSINESS
Govt likely to offer coal at lower than market rate for coal gasification projects
Available land near coal mines under the Ministry of Coal can be offered at competitive and concessional price for setting up coal gasification units, M Nagaraju, additional secretary and nominated authority, Ministry of coal said
BUSINESS
SJVN gets competitive L1 tariff of Rs 3.43/kWh for 1,500 MW solar-wind hybrid project
Of the six bid winners, Juniper Green Energy Private Limited topped the list by securing 150 MW at the opening tariff rate of Rs 3.43 kWh.
BUSINESS
Thermax Ltd to renew focus on power projects in FY25: CEO Ashish Bhandari
Power sector has emerged back again in a big way in the past three months or so. Hence, the inquiry pipeline relating to thermal power, both utility side and for captive projects, has gone up, said Bhandari
BUSINESS
Govt eyes concentrated solar power systems in renewable energy parks
There have been only a handful of solar thermal or CSP projects in India so far
BUSINESS
Tata Power will be a leading supplier for PM Rooftop Solar Scheme: CEO Praveer Sinha
According to Sinha, the timing of the announcement couldn't have been better for Tata Power. To install solar panels in one crore households, domestic content requirement (DCR) solar PV modules will be needed, and Tata Power's new module-making unit will be well-positioned to supply the same.
BUSINESS
Hopeful of agreement on Mundra power plant before June-end: Tata Power CEO
At present, under Section 11, full quantum of the power from Mundra is being procured by the procurers, Praveer Sinha said.
BUSINESS
Modi renames rooftop solar scheme as 'PM Surya Ghar: Muft Bijli Yojana' with Rs 75,000-cr investment
Union minister for power and new and renewable energy RK Singh said those who availed low-income houses under the Pradhan Mantri Awas Yojna will be considered in this scheme.
BUSINESS
MC newsbreak confirmed: Mandate on purchase of domestic solar modules to be reimposed from April 1
However, in its latest order, the Ministry of New and Renewable Energy said projects that are at an advanced stage of construction and where the order for solar modules was placed before March 31, 2024, will be exempted from the Approved List of Models and Manufacturers mandate.
