BUSINESS
MC Explains: What is market coupling and why is it in the news?
It would mean a uniform price for electricity across power bourses, but analysts say this will not have any immediate impact on the end user (household, industry or commercial).
BUSINESS
Government's power sector schemes get 50% higher funds in Budget 2024
Green hydrogen, solar power and green-energy corridors have all received higher allocations, given the 2030 renewable energy target. Wind energy has received less but is expected to pick up pace next year, officials said
BUSINESS
Pradhan Mantri Suryoday Yojna: Houses consuming up to 300 units to get rooftop solar free
A day after the Interim Budget, Union minister for power RK Singh, providing further clarity on the scheme, said those who availed low-income houses under the Pradhan Mantri Awas Yojna will be considered in this. He added that households with power consumption more than 300 units per month will have to install rooftop solar on their own, even as they will be eligible for enhanced subsidies.
BUSINESS
After Interim Budget, govt invites bids for offshore wind projects
The government has made it clear that no viability gap funding will be given under the open access bids and the renewable energy generated will be sold to industries, which are currently in the high-tariff band
BUSINESS
PM Modi to inaugurate 4 thermal power plants in Odisha on Feb 3
Moneycontrol was the first to break the news on January 29 about PM Modi's plan to launch projects worth nearly Rs 69,000 crore in Odisha in February, of which at least Rs 58,000 crore will be for coal and power projects alone.
BUSINESS
Energy Budget: Power PSUs get 17% more budgetary allocation
This highest spike in budgetary allocation went to Power Grid, while the lowest was to NTPC Ltd.
BUSINESS
Budget 2024 on Green Energy: Rooftop solar, offshore wind, coal gasification, biomass get boost
BUSINESS
Offshore wind gets financial incentive in Budget 2024
The FM's announcement is significant as currently, there are no offshore wind projects in India. The country only has land-based wind farms as of now, totalling a capacity of 44,089.68 MW.
BUSINESS
Interim Budget promises up to 300 units monthly free electricity to households from rooftop solar
Moneycontrol was the first to report on January 24 that the 'Pradhan Mantri Suryoday Yojna' would find a mention in the FM's Budget speech, for which budgetary allocation is expected to be enhanced.
BUDGET
Rooftop solar, green hydrogen, offshore wind, green energy corridor may find mention in FM's Budget speech
The Budget speech could also mention energy efficiency programmes such as deploying BLDC fans and electric cooking. It may also include increased incentives for energy storage systems, and the recently approved Rs 8,500 crore coal gasification scheme of the government
BUSINESS
Budget 2024: Green energy sector seeks more incentives, tax relaxations
An area where increased CapEx is required, according to industry stakeholders, is setting transmission lines for evacuation of the upcoming renewable energy capacities.
BUSINESS
Exclusive: PM Modi likely to launch projects worth Rs 69,000 cr in Odisha next month, bulk in coal & power sector
During his Sambalpur visit, the PM is likely to lay the foundation stones of at least four thermal power plants totalling 5,570 MW. He will also launch three coal logistics projects for faster evacuation of the fossil fuel.
BUSINESS
Indian government to offer Rs 8,500 crore financial assistance for coal gasification projects: Union Cabinet
Coal India will supply coal at notified prices and with production ramping up, it is estimated that imports worth Rs 1.3 lakh crore can be substituted with domestic production, Union minister Pralhad Joshi said on January 24.
BUSINESS
MC Exclusive: Interim Budget likely to offer enhanced subsidies under PM Suryoday Yojna
The allocation in the Interim Budget for the rooftop solar scheme is likely to be at least Rs 20,000 crore.
BUSINESS
Pradhan Mantri Suryoday Yojana: REC Ltd made nodal agency; to lend Rs 1.2 lakh cr
REC said the latest scheme for households announced by PM Modi on January 22 would cover at least 10 GW of its 40 GW target of rooftop solar installations by 2026
BUSINESS
MC Exclusive | Capacity addition, lower AT&C losses top RK Singh's wishlist for Modi 3.0
Our established power generation capacity has to go up to 900 GW, from about 427 GW today to meet India's burgeoning energy demand, the Union minister for power said.
BUSINESS
MC Exclusive | RK Singh seeks more funds for power sector, sops for green hydrogen
The power and green energy industry is hopeful that the government in its Interim Budget will ensure policy consistency, focus on green hydrogen, lower goods and services tax (GST) rates, and easy access to subsidies and climate finance.
BUSINESS
MC Exclusive | RK Singh vows to double India's hydropower capacity
The Union minister informed that another 18,000 MW of hydro projects are currently under construction and 13,000 MW are under various surveys and investigations.
BUSINESS
MC Exclusive | India at the forefront of energy transition: power minister RK Singh
Talking about universal access to electricity and energy security, the Union minister said no country can develop if it does not have sufficient electricity.
BUSINESS
Exclusive | India at the forefront of energy transition: RK Singh
Power Minister is confident of surpassing the target of adding 500 GW of renewable energy capacity by 2030, of which about 65 percent would be though non-fossil fuels.
BUSINESS
Govt launches fresh incentive scheme for green hydrogen, green ammonia production based on demand aggregation
This is the first incentive scheme specifically for the production of green ammonia under the National Green Hydrogen Mission. Moneycontrol was the first to report the incentive scheme plan in May last year.
BUSINESS
India to implement approved solar module maker list in April: RK Singh
The move is likely to boost domestic solar module manufacturers.
BUSINESS
Govt notifies Electricity (Amendment) Rules, 2024 to exempt captive projects from transmission license
Power minister RK Singh said investments worth Rs 16.93 lakh crore have been made since 2014 in the power and RE sectors, and another Rs 17 lakh crore worth investments are currently under pipeline.
BUSINESS
Exclusive | Govt to give 50% discount on revenue for underground coal mining: Minister Pralhad Joshi
A similar rebate will be offered for coal gasification projects, too, said the Union Minister for Coal, Mines, and Parliamentary Affairs.
