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As of March 31, 2023, India had an installed hydroelectric power capacity of 42,104.55 MW, which is 29 percent of the total reassessed potential capacity of 1,45,320 MW
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The latest version of the Grid Code mandates regular cybersecurity audits by all users. This is yet another step by agencies such as the Central Electricity Authority (CEA) and Central Electricity Regulatory Commission (CERC) to help prevent cyberattacks in the power sector.
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Contrary to projections in the previous years, when peak demand was anticipated around June or July, in 2024-25, the CEA has projected the demand to hit 256.53 GW in September. This is in line with this year's peak demand which for the first time hit a record 240 GW on September 1.
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The electricity sector's coal requirement alone is projected to cross one billion million tonnes (MT) in FY30, up from 723 MT in FY22
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India faces challenges related to the availability of resource-rich sites and land for deploying more than 2,000 GW of grid-scale renewable energy and an additional 1,000 GW for green hydrogen, raising concerns about land acquisition, the report said.
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NTPC is projected to grow faster than Power Grid Corp of India in the near term
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Unusual weather conditions have extended the hot months into August-September, causing a strain on the power generating resources of the country. The government has made policy adjustments to meet the shortfall in supply.
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Excess energy generation is increasingly becoming a problem. Households should be encouraged to run appliances and charge batteries when demand from the grid is low and switch off when net demand surges. This ought to be relatively straightforward in a world of smart meters and phone apps. But regulation and retail pricing are lagging even as consumers are building a new energy world
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As power projects have become more and more intricate along with their ever-increasing cost overruns, both IPPs and contractors have become increasingly cautious about committing to lumpsum turnkey EPC contracts. IPPs are now exploring alternative strategies to retain contractor involvement while ensuring the economic viability of their most substantial projects
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A number of states are following the central government in offering incentives on the production of green hydrogen and green ammonia. Moneycontrol looks at some of these state government incentives, which will be available along with what the centre offers.
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The government is soon going to come out with a pilot bid for 100 MW of green hydrogen as energy storage.
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This was largely driven by greater awareness about climate change and the need to address it, as well as falling cost of generating renewable energy.
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States and distribution companies have been asked to buy power aggregated from coal and gas-based plants that are older than 25 years.
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This sharing of power resources across regions via subsea cables can prove critical to India’s long-term economic and energy security goals
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Vishal Kapoor said Energy Efficiency Services Limited is looking to expand its client base to MSMEs, offering them 35 energy-efficient technologies.
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The North Korean leader will meet the Russian president amid US threatening to add new sanctions if Pyongyang provides weapons to Moscow for the Ukraine War.
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The MoU shall remain in effect for five years, and it shall be automatically be renewed for a similar period, read the document seen by Moneycontrol.
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India’s goal is to be net zero by 2070, which means that our electricity sector has to get there sometime in the 2050s. However, coal will continue to be essential, because at night when the sun is not shining, that’s what we rely on. But it will need to be abated with carbon capture and storage.
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The New Delhi Leaders' Declaration cited the need of $5.8-5.9 trillion in the pre-2030 period for developing countries to implement their NDCs apart from the $4 trillion per year required for clean energy technologies to reach net-zero by 2050
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A joint declaration allows G20 nations to align their economic policies and reinstate their commitment towards development goals
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G20 countries have been divided over commitments on phasing down fossil-fuel use, especially coal; tripling renewable energy capacity by 2030; doubling the global rate of emission technologies; and finance for a just and green energy transition in the developing nations.
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The plan includes shifting maintenance of power plants to low-demand periods and redirecting surplus electricity to needy states
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Focus should be on long-term measures to tackle sudden spikes in electricity demand and subsequent shortages in power supply
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The Union minister confirmed Moneycontrol's newsbreak on the government's plan to use green ammonia and green hydrogen as energy storage systems
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Coal ministry data showed that there has been a significant 53.13 percent decline in the import of thermal coal for domestic coal-based power plants for blending from 19.2 million tons (MT) in April-August, 2022 to 9 MT in April-August, 2023.
