BUSINESS
Centre asks states to focus on land acquisition to meet 500 GW green power target by 2030
The wind energy target of 100 GW by 2030, includes only land-based projects. It does not include off-shore wind projects. For solar energy, the government has set a target of an installed solar capacity of 292 GW
BUSINESS
Power discoms’ average AT&C losses have reduced to 13.5% in FY23: Power Secretary
In 2021, the government had set the target to bring down AT&C losses to 12-15 percent by the financial year 2025. However, going by the latest provisional data, the government is likely to have achieved this target two years in advance.
POWER
PowerWatch | India's power demand was 215.2 GW on June 22
Union Minister for Power RK Singh said the government is fully prepared to meet the power demand during the monsoon
BUSINESS
People must claim compensation from discoms for gratuitous power cuts: RK Singh
The energy shortage in the country has come down from 4.2 percent in 2014 to around 0.2 percent in FY 2022, the Union minister for power said.
BUSINESS
PowerWatch | India's power demand was 217.6 GW on June 21
Union minister for power RK Singh on June 22 said the government is fully prepared to meet the power demand during the monsoons as well.
BUSINESS
PowerWatch | India's power demand was 214.6 GW on June 20
Delayed by 10 days due to cyclone Biparjoy, the southwest monsoon is likely to progress further and hit Mumbai during June 23-25, the India Meteorological Department said on June 21.
BUSINESS
Government extends solar parks scheme till March 2026
The reasons for delay in establishing Solar Parks include challenges in acquisition of clear land, mismatch in timelines between solar projects and power evacuation infrastructure, environmental issues like Great Indian Bustard issue, and regulatory challenges like non-approval of solar tariff by SERCs
BUSINESS
Faced with stiff targets, CPSEs look at importing solar equipment
The problem is that India's own manufacturing units for RE projects are scarce at the moment. While there is almost no set up in the manufacturing of parts for wind energy in India, manufacturing in the solar sector is picking up but slowly
BUSINESS
PowerWatch | India's power demand was 213.6 GW on June 19
The government on June 12 extended its direction to imported coal-based plants to mandatorily operate and generate power till September 30 this year.
BUSINESS
Govt mandates phased rollout of time-of-day tariffs; asks states to offer discounted rates during solar hours
Tariffs during solar hours should be at least 20 percent lower than the usual tariffs across all categories. Also, the ToD tariff specified by the state commission for C&I consumers during the peak period of the day shall not be less than 1.20 times the normal tariff and for other consumers, it shall not be less than 1.10 times the normal tariff, as per the latest amendments by the government
POWER
PowerWatch | Peak power demand rises amid monsoon season
At least, 33.9 million tonnes (MT) of coal are stocked at thermal power plants.
BUSINESS
Exclusive | Amid high production, coal mines grapple with storage issues
The stock pileup has forced some mines to curtail production. Fewer railway rakes for timely transportation and spontaneous combustion, forcing the sprinkling of water to cool the coal, affecting its quality, are exacerbating the storage challenge
BUSINESS
PowerWatch | Power demand declines as cyclone Biparjoy triggers heavy rain
While power has been cut in more than 1,000 villages in Gujarat and some parts of Rajasthan owing to cyclone Biparjoy, several other parts of the country like Delhi, Uttar Pradesh, Haryana, Assam and West Bengal began facing power cuts due to rotational load shedding
BUSINESS
Market Coupling | IEX may lose market share, power sector likely to gain
Aggregation of buying and selling on power exchanges may disrupt the current market hierarchy but will likely increase competition in the short-term market.
BUSINESS
PowerWatch | India's power demand was 214.58 GW on June 14
The non-solar or night-time peak power demand also remained as high at 212.43 GW. On June 13 it was 213.45 GW.
BUSINESS
India should revive its stranded thermal power plants, not invest in new ones: IEEFA report
NTPC can also explore the burgeoning market for carbon credits trading to further improve returns from repurposed projects, the report said
BUSINESS
PowerWatch | India's power demand remains below 220 GW
At least 34.3 million tonnes (MT) of coal are stocked at thermal power plants as on June 13.
BUSINESS
Power ministry clears 20% stake for Assam govt in NLC India subsidiary
On June 13, NUPPL signed a power purchase agreement (PPA) with APDCL to supply the latter 492.72 MW from its upcoming Ghatampur supercritical thermal power plant. The PPA has been signed for 25 years, NLC India CMD told Moneycontrol.
BUSINESS
PowerWatch | Power demand off highs at 218.67 GW on June 12
On June 9, the non-solar or nighttime peak power demand also remained as high as 214.2 GW. On June 12, it was 213.53 GW.
BUSINESS
Viability Gap Funding (VGF) of Rs 6,800 crore likely for offshore wind projects: Govt sources
In the 50 GW-per year trajectories set out for bidding of renewable energy (RE) projects, the government has also exclusively mentioned that bids of 10 GW have to be from wind energy every year.
BUSINESS
PowerWatch | Power demand hit an all-time high on June 9; Record likely to be breached this week
On the same day (June 9), the non-solar (night time) peak power demand also remained as high as 214.2 GW.
BUSINESS
Imported coal-based power plants to run till Sept as demand hits record high
India consumed a record 223.23 GW of electricity on June 9 as heat waves hit several parts of the country. The demand is expected to rise further, as per power ministry officials
BUSINESS
With Rs 12,000 crore investment, SECL aims to make Gevra coal mine largest in the world
The Gevra coal mine beat Indonesia's Sangatta coal mine to be Asia largest mine in FY 23 itself. Beyond the 70MT expansion plan, SECL wants to hit 100MT coal production from Gevra as its notified reserve is 900MT.
BUSINESS
PowerWatch: India clocks highest ever peak power demand on June 8
The demand which could not be met, also knows as the peak demand deficit, stood at 548 megawatts (MW) on June 8
