MC Interview | Crude prices will remain at current levels, India’s imports will rise: IEA oil markets head
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.
Will Modi’s passionate call charge up energy investment?
A conducive environment is imperative for investors, both local and global, to take note of India’s energy potential
Power Grid Q3 net profit inches up 10.5% to Rs 4,028.25 crore, beats estimates
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
Initial simulations by CERC suggests market coupling will not have any significant benefit: IEX CMD
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
MC Explains: What is market coupling and why is it in the news?
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).
IEW 2024 Highlights: Saudi producing less than capacity, but market has enough oil, says Hardeep Puri
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.
PMSY -- Will rooftop solar be third-time lucky?
Financial incentives are not the only determining factor for the progress of the rooftop solar scheme in the country
Pradhan Mantri Suryoday Yojna: Houses consuming up to 300 units to get rooftop solar free
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.
After Interim Budget, govt invites bids for offshore wind projects
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
Rooftop solar scheme will need capital subsidies, integration with discoms to succeed: ReNew Chairman on Budget 2024
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.
Energy Budget: Power PSUs get 17% more budgetary allocation
This highest spike in budgetary allocation went to Power Grid, while the lowest was to NTPC Ltd.
Budget 2024 on Green Energy: Rooftop solar, offshore wind, coal gasification, biomass get boost
Offshore wind gets financial incentive in Budget 2024
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.
Budget 2024: Green energy sector seeks more incentives, tax relaxations
An area where increased CapEx is required, according to industry stakeholders, is setting transmission lines for evacuation of the upcoming renewable energy capacities.
Q3 results: Adani Power net profit at Rs 2,737.96 crore
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.
IEX Q3 Result: Net profit up 19 percent at Rs 92 crore
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.
Thermal power plants' capacity utilisation to rise to 69% in FY'25: ICRA
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.
Indian government to offer Rs 8,500 crore financial assistance for coal gasification projects: Union Cabinet
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.
REC Q3 results: Net profit up 13.6% at Rs 3,269 crore, NII climbs 18%
The company's net profit in the third quarter of the previous fiscal stood at Rs 2,878 crore.
Here Comes The Sun: How solar energy could help warm Kashmir’s bitter winters
J&K and Ladakh have the second highest solar energy potential in India, but Kashmir is yet to harness the same to meet its energy requirements, which are especially high in winter.
A power-packed plan that needs political will to work
Smart meters, efficient discoms key to round-the-clock electricity supply
MC Interview | Coal ministry PSUs together to have 12 GW renewable energy capacity by 2030: Pralhad Joshi
The Union minister said sunset for the coal industry is a long way off given the rising demand for energy from a growing economy. He confirmed that the government has decided to offer a 50 percent discount on revenue share for underground mining in commercial coal mines and also for coal gasification.
Budget 2024: Look beyond sops to energise RE growth
More than budget incentives, the massive financing need has to be addressed to take care of the snags that dim the progress of clean power
Exclusive: Coal push may continue even after doubling capacity by 2030, says Pralhad Joshi
Coal accounts for about three-quarters of India’s power generation and its demand is seen to be rising despite the country’s renewables plans. India has seen spikes in peak demand for electricity in the last two years, even as it has struggled to add renewable energy capacity in line with its goal of 500 GW of non-fossil fuel capacity by 2030
Budget 2024: Budget should push round-the-clock electricity generation capacity
Budget 2024: After falling to miniscule levels in 2018-2020, peak power deficit rose to an eight-year high in 2022-2023
