On March 4, Central Electricity Authority chairperson Ghanshyam Prasad said India's peak power demand this year could even hit the 260 GW mark.
The solar photovoltaic power costs declined by 23 percent in 2023 amid abundant supplies
The Government of India, through NVVN, has come up with the crunch or high-demand period scheme since last year to harness gas-based power generation (GBPG) so as to overcome the country’s rising power demand.
Households will be able to access collateral-free low-interest loan products of around 7 percent at present for installation of residential rooftop solar (RTS) systems up to 3 kW
Through the policy, the government aims to shift from traditional road-based coal evacuation system to railway-based systems in FMC projects. It also talks about using waterways for coal transportation.
The MNRE clarified that residential rooftop solar applications submitted before February 13, 2024 will not be eligible for the Central Financial Assistance (CFA) under the new scheme - PM Surya Ghar: Muft Bijli Yojana. They will be eligible for subsidies under the old regime.
As per IEA, India is estimated to add additional electricity demand equivalent to the current consumption of the United Kingdom over the next three years
While fresh power capacity addition is essential, close monitoring and efficient execution of projects under implementation are a must to help in a just energy transition
For the current financial year (2023-24), Prasad said Coal India may miss the production target of 780 MT (FY24) by about 10 MT. Besides. of the 780 MT, Coal India is supplying more than the targeted 610 MT to the power sector in FY24.
India is stepping up coal-fired generation capacity as peak electricity demand is likely to touch 256.5 GW in 2024 from a record 240 GW in 2023.
Consumers in co-operative group housing societies, multi-storied buildings, residential colonies can now choose on individual connections for everyone or a single-point connection for the whole premises
PGCIL is likely to place all orders for the project by March 2025 and it is likely to be a reality by FY2030
This comes days after the CERC on February 6 ordered for a shadow pilot on market coupling of India's power exchanges.
Available land near coal mines under the Ministry of Coal can be offered at competitive and concessional price for setting up coal gasification units, M Nagaraju, additional secretary and nominated authority, Ministry of coal said
The online bids were decrypted and opened electronically in the presence of the bidders on February 20
Of the six bid winners, Juniper Green Energy Private Limited topped the list by securing 150 MW at the opening tariff rate of Rs 3.43 kWh.
The short term electricity trade business is less profitable than medium term and long term contracts
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
There have been only a handful of solar thermal or CSP projects in India so far
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.
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.
At present, under Section 11, full quantum of the power from Mundra is being procured by the procurers, Praveer Sinha said.
Utilisation levels in January 2024 surpassed 2023 highs indicating demand uptick
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.
A conducive environment is imperative for investors, both local and global, to take note of India’s energy potential