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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
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There have been only a handful of solar thermal or CSP projects in India so far
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The energy generated from the Khavda RE park is projected to power approximately 16.1 million homes annually, a monumental contribution to clean energy production.
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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.
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At present, under Section 11, full quantum of the power from Mundra is being procured by the procurers, Praveer Sinha said.
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Utilisation levels in January 2024 surpassed 2023 highs indicating demand uptick
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From now till 2030, India will be the largest source of oil demand growth globally, says Toril Bosoni. As a big crude oil buyer, India can certainly do term deals at better terms and better prices, she said.
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A conducive environment is imperative for investors, both local and global, to take note of India’s energy potential
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Consolidated revenue increased marginally to Rs 11,819.70 crore in the three months ending December from Rs 11,530.22 crore in the year-ago quarter, registering an increase of 2.5 percent
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The CERC order, seen by Moneycontrol, however, also stated that coupling RTM and SCED would help increase the depth of the market while ensuring system reliability
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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).
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India Energy Week 2024 Highlights: The appetite shown by India amid the global headwinds has helped in stabilising the global energy market, Petroleum Minister Hardeep Singh Puri said. He also added that "you cannot go for renewable energy if the market is not ready for it". The transition is required to be stable, he said.
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Financial incentives are not the only determining factor for the progress of the rooftop solar scheme in the country
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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.
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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
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The announcement regarding offshore wind projects has to translate into a specific plan and then Ministry of New and Renewable Energy (MNRE) will have to call for bids. Besides, even though there was no mention of green hydrogen in the budget, a lot of things are actually happening outside of the budget.
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This highest spike in budgetary allocation went to Power Grid, while the lowest was to NTPC Ltd.
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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.
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An area where increased CapEx is required, according to industry stakeholders, is setting transmission lines for evacuation of the upcoming renewable energy capacities.
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Its revenue from operations came in at Rs 12,991.4 crore, up 67 percent from Rs 7,764.41 crore in the same quarter last year. Total revenue increased 61 percent to Rs 13,355.3 crore from Rs 8,290 crore.
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The company also announced an interim dividend of Rs 1 per equity share, having a face value of Rs 1 each for the financial year 2023-24.
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The capacity utilisation of thermal power plants will increase by a percentage point to 69 per cent in 2024-25, led by the growth in electricity demand and limited thermal capacity addition, says rating agency ICRA.
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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.
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The company's net profit in the third quarter of the previous fiscal stood at Rs 2,878 crore.
