Smart meters, efficient discoms key to round-the-clock electricity supply
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.
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
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: After falling to miniscule levels in 2018-2020, peak power deficit rose to an eight-year high in 2022-2023
The supply to NRS consumers peaked to an "all-time high" of 98 mts between April and December, 31 percent higher as against a supply of 75 mts recorded in the year-ago period, Coal India said
Both Suzlon and Inox Wind reported large order wins in December 2023
PSPs require a high capital expenditure, but in the long run, they are cost and space-effective since they have a much longer life than battery energy storage systems (BESS) and do not require mining of critical minerals, which currently is mostly imported in India.
The New Year is set to see renewable energy growth, coal fired capacity addition, solar manufacturing expansion, and the commissioning of major hydropower projects.
The last ten years have seen progress in capacity addition, consumer rights, and reduction in losses, but manufacturing facilities for renewable energy and transmission infrastructure are way behind targets.
India’s dependence on coal-based power rose in April-November 2023 despite muted capacity additions
Solar module prices almost halved in the past one year
The list was kept in abeyance to boost the number and capacity of solar installations in the country. As a result, domestic manufacturers were hit by the huge imports of components. The implementation of the list will ensure a level playing field for domestic players.
The report estimates that LDES will become a $4 trillion industry by 2040, with an installed capacity potential of eight terawatt (TW).
With these statements, India is only strengthening its stand of not phasing out fossil fuels to ensure energy security, while also keeping electricity affordable.
Budget 2024 Expectations: Prasad also said CIL expects e-auction to form nearly 15 percent of its total production. The current figure stands at 9 percent
Exports of locally made solar panels are on the rise while imported modules remain the mainstay of domestic RE producers
The project will be challenging because of the terrain and the climatic conditions, and is expected to take about five years to complete. It will form a major part of India’s green energy goal by the year 2030.
As temperatures drop and the Jammu & Kashmir valley goes dark, those who can afford are buying power inverters and fuel-guzzling generators. But the need is for more constant power that is better for the environment.
The new contracts, unlike the current three-month contracts, should help distribution companies to plan their procurement efficiently and well in advance
The production plan calls for the opening of new mines, the increase of mine capacity, and the output of commercial and captive mines.
This is the second highest ever price paid for a Picasso painting, the highest being a painting called 'Les femmes d'Alger,' that was sold for over 179 million in 2015.
Substantial increase in EBIDTA and PAT show core businesses of generation, transmission and distribution are doing very well, he says.
Renewable Power Obligation includes a “distributed renewable energy” segment, making it mandatory for discoms to source roof-top solar power
The thermal capacity awards target has been raised to 11,200 MW from 7,200 MW
