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.
BUSINESS
Power minister warns developers against delayed projects in India
On February 15, the government issued an order stating that if any renewable energy project is not commissioned by the prescribed date of completion, then the developer will be blacklisted for a period of three to five years after asking him/her to show cause.
BUSINESS
MC Exclusive | JSW Energy to set up 3,800-tonne green hydrogen plant in Karnataka, sign 7-year supply deal with JSW Steel
The company intends to spend Rs 85,000 crore in the next seven years under its recently unveiled ‘Strategy 2.0’ initiative, wherein it aims to increase its generation capacity to 20 GW and energy storage of 40 GWh/5GW by 2030.
BUSINESS
Govt amends green energy open access rules for wider access to renewable power
The government also extended the scheme to offer a waiver of surcharge for electricity generated through offshore wind by seven years - from 2025 to 2032.
BUSINESS
PowerWatch: Peak power demand on May 23 breaches previous high
Out of the 165 domestic coal-based thermal power plants in the country, only 30 had critical coal stocks as of May 23.
BUSINESS
PowerWatch | India's power demand soars to record high, exceeding previous peaks
The country’s coal stock situation continues to be “manageable” as of now, according to the data.
BUSINESS
Exclusive: Govt to offer incentives in demand aggregation model for green hydrogen
Incentives for green hydrogen production will be given in two buckets. One, bidders who quote the lowest cost of the incentive and second, those who quote the lowest price for the hydrogen produced, senior officials told Moneycontrol.
BUSINESS
Value unlocking plan still on for renewable energy arm, says NTPC
This comes more than a month after Malaysia's Petroliam Nasional Berhad (Petronas) withdrew its offer for a 20 percent stake in NTPC Green Energy Ltd.
BUSINESS
PowerWatch | Power demand may breach previous high this week
Of the 165 domestic coal-based thermal power plants in the country, 31 had critical coal stocks as of May 21.
BUSINESS
MC Exclusive | PFC-REC merger no longer an option: REC CMD
In the last five quarters, REC has not added any NPA. Its gross NPA has fallen from 4.5% to 3.4% percent now, and its net NPA from 2.3% to 1.01%. REC plans to be a net NPA-zero company in the next two years.
BUSINESS
PowerWatch | As demand grows, power cuts become regular affair
The Power Ministry expects the peak demand to touch 230 GW this summer
BUSINESS
NTPC’s green arm, HPCL-Mittal Energy sign MoU for renewables & green hydrogen business
The MoU is a step for decarbonising HMEL's Guru Gobind Singh Refinery (GGSR) .
BUSINESS
PowerWatch | India’s power demand stood at 221 GW on May 17, highest so far
To avoid a repeat this season, the Power Ministry has taken measures such as mandating all imported coal-based thermal plants to operate at full capacity.
BUSINESS
REC to fund infra and logistics projects up to 33% of its loan portfolio: CMD
The CMD stated that in FY 2022-23, no new non-performing assets (NPAs) were added to the REC’s portfolios.
BUSINESS
PowerWatch | India's peak power demand hits record 220 GW amid intense heatwave
The average market clearing price on May 17 at the time of the record high peak demand was Rs 5.71 per unit. The power exchange was left with a surplus power of 2,807 MW during the peak demand which hit between 3-3:15 pm.
BUSINESS
Exclusive | States stay away from rail-ship-rail route for coal transportation this summer
Highlighting the negligible use of this route, Coal Secretary A L Meena said currently 400 rakes of coal are transported daily for the power sector, of which only two are through the RSR route.
BUSINESS
India set to launch first offshore wind tender, boosting renewable energy portfolio
Industry experts said there has to be substantial order pipeline volume for original equipment manufacturers (OEM) such as the wind turbine maker to consider entering offshore wind markets in India.
BUSINESS
PowerWatch | Power demand surges to 212 GW, to breach previous high soon
As several parts of the country are now facing heatwave-like conditions, India's peak power demand that will be met may breach the previous high of 215 GW in a day or two.
BUSINESS
PowerWatch | Heatwave on, India’s power demand may breach previous high this week
On April 18, when large parts of the country were reeling under heat-wave conditions, the peak electricity demand that was met was 215.88 GW (215,882 MW), a record high so far.
BUSINESS
Long-term power purchase agreements to be of 12-15 years only: Govt
The government wants to increase the share of the electricity market in India, senior officials told Moneycontrol. in 2022-23, the total traded volume in the Indian electricity market was 1,02,276 million units (MU), which is only a small portion of the energy generated from all sources (including RE) of 16,24,465 MU.
BUSINESS
Govt directs CERC to consult Power Ministry before issuing any regulation from now
The Deviation Settlement Mechanism (DSM) rules for the wind industry, and the General Network Access (GNA) rules issued by CERC last year were the biggest triggers for the Power Ministry's directive, officials told Moneycontrol.
BUSINESS
PowerWatch | India's power demand breaches the 200 GW-mark after 20 days
The power demand breached the 200 GW-mark after 20 days. Last it was on April 21, when the demand met was 204.7 GW.
BUSINESS
PowerWatch: India's power demand inches closer to 200 GW again
Unless there is a drastic change in the weather, India's peak power demand is likely to again cross 200 GW in a day or two, officials said.
BUSINESS
Coal prices likely to be hiked as CIL prepares to revise wages: Sources
The hike in coal prices, if approved by the CIL Board, could result in an increase in power tariffs by up to 3.5 percent, experts said.
