BUSINESS
MC Explains: What is market coupling and why does the govt want it?
Market coupling is a must to bring a Market-Based Economic Dispatch (MBED) mechanism in India, which in turn will help in the reduction of power tariffs as it will increase flexibility and liquidity in the trade of electricity in the country.
BUSINESS
PowerWatch | Power demand continues to surge; touches 217.8 GW
Of the 165 domestic coal-based thermal power plants in the country, 30 had critical stocks as on June 7.
BUSINESS
One Nation, One Grid, One Price | India plans market coupling in power trade
The move is a step towards the government's intention to shift India's electricity trading from long-term (25 years) power purchase agreements (PPAs) to electricity markets (exchanges) and shorter PPAs of up to 12-15 years. It also means the government has revived its plan to introduce Market-Based Economic Dispatch (MBED) mechanism in India.
BUSINESS
Govt plans to stop 107 MT of coal imports by FY 2025: Pralhad Joshi
Rs 6,000 crore in VGF will be provided for coal gasification to two projects of PSUs, four projects from the private sector and five projects on pilot basis, Amrit Lal Meena, coal secretary told Moneycontrol.
BUSINESS
Union Cabinet approves continuation of its ‘Exploration of Coal and Lignite Scheme’
Approximately, 1300 sq. km area will be covered under regional exploration and nearly 650 sq. km area will be covered under detailed exploration.
BUSINESS
PowerWatch | India's power demand surges to 214 GW amid hot weather
The country's power demand is likely to remain above 200 GW in the June owing to delayed monsoon.
TRENDS
Exclusive | Rains delayed, NTPC to run gas-based plants at full capacity
Gas-based power plants have played a crucial role this summer to meet India's electricity demand in the non-solar hours.
BUSINESS
India's thermal power plants utilise 35 MT imported coal, meeting high demand
Despite the government mandating thermal power plants to blend imported coal up to 6 percent, only 3 percent has been achieved on an average so far. Yet, the India managed to save at least 46 MT of domestic coal with the import mandate.
BUSINESS
PowerWatch | India's power demand peaked at 211.6 GW during weekend
At least 35 million tonnes of coal are stocked at thermal power plants.
BUSINESS
PowerWatch |India's peak power demand reaches 201.7 GW, coal stocks manageable
About 35 million tonnes (MT) of coal are stocked at thermal power plants.
BUSINESS
Ohmium, NTPC sign country’s largest-ever green hydrogen electrolyser deal
Meanwhile, NGEL) and UPRVUNL signed a MoU in Lucknow on June 1 to collaborate in the development of renewable energy (RE) parks and projects.
INDIA
Coal India Ltd's May 2023 output rose by 9.5%, with overburden removal increasing by 35%
Domestic coal-based power plants are comfortably stocked with 35 MTs of coal as of May end. This is 13.2 MTs or 60 percent higher than 21.8 MTs over May 2022, CIL said.
BUSINESS
PowerWatch | India's peak power demand remains low as rain brings respite from heat
The share of renewable energy sources such as wind, solar and hybrid in the total energy generation on May 30 was 9.03 percent.
BUSINESS
India requires 33.6 trillion to meet growing electricity demand and renewable targets
The total fund requirement for the period 2022-2027 is estimated to be Rs. 14,54,188 crore and for 2027-2032 it is likely to be Rs. 19,06,406 crore.
BUSINESS
India will need 51,000 MW additional coal-based capacity by FY32 to meet growing power demand: National Electricity Plan
The NEP indicates that coal will remain important in ensuring India's energy security and energy transition, while keeping tariffs affordable, as battery storage systems remain expensive. However, the growth of renewable energy is going to be steeper than coal till 2032.
BUSINESS
Coal price hike may not increase power tariff for consumers, but input cost for industry may rise
However, the revised coal prices may lead to an increase in the price of cement, aluminum, steel among other commodities due to higher input costs, experts said.
BUSINESS
PowerWatch | Peak power demand crossed 201 GW on May 29
The share of renewable energy sources such as wind, solar and hybrid in the total energy generation on May 29 was 9.86 percent
BUSINESS
Coal India hikes prices of high-grade fuel by 8% after 5 years
CIL expects a revenue of Rs 2,703 crore for the balance period of financial year 2023-24. Moneycontrol was the first to report on May 11 that CIL was going to increase coal prices due to its plan of increasing the wages for its non-executive staff
BUSINESS
PowerWatch | Sporadic rains bring down India's power demand to 191 GW
On May 23, India met a peak power demand of 221.34 GW, which is the highest so far.
BUSINESS
Timely commissioning of renewable projects key for India to achieve NDC targets: Govt
Experts suggest that government must scale up tendering activity for RE projects along with timely signing of PPAs, easing of execution challenges mainly related to land, augmenting transmission infrastructure, and development of domestic manufacturing ecosystem for renewable OEMs.
BUSINESS
PowerWatch | Power demand declines further, but remains above 200 GW
Of the 165 domestic coal-based thermal power plants in the country, only 28 had critical stocks as on May 25.
BUSINESS
Power minister aims to clear legacy dues, criticises politicization of electricity
When somebody says that power is free, it means that you pay more taxes because ultimately it is the taxpayer who is bearing the brunt of the free power, the Union minister for power said.
BUSINESS
PowerWatch |Peak power demand drops due to sporadic rains
The share of coal-fired power plants in meeting the demand was 71 percent.
BUSINESS
Will do away with protectionist barriers if there is profiteering: RK Singh to wind OEMs
In the wind energy sector, most of the manufacturers are actually exporting all their products. I'll do away with the LMM for wind energy if this continues, said Union minister for power and renewable energy RK Singh.
