No plan to offer viability gap funding for pumped storage projects: RK Singh
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.
2024: A year when all new power sector policies will spring into action
The New Year is set to see renewable energy growth, coal fired capacity addition, solar manufacturing expansion, and the commissioning of major hydropower projects.
Union Budget@10: A decade of renewable energy surge, but transmission and manufacturing lag
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.
Why COP28 matters little for NTPC investors
India’s dependence on coal-based power rose in April-November 2023 despite muted capacity additions
Solar project developers in a sweet spot over steady tariffs, falling costs
Solar module prices almost halved in the past one year
Exclusive | ALMM for solar panels may be implemented from April 2024, say govt officials
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.
ISA forecasts soaring global solar capacity of 75,000 GW by 2050 propelled by long duration storage
The report estimates that LDES will become a $4 trillion industry by 2040, with an installed capacity potential of eight terawatt (TW).
COP28: Ahead of Modi's speech, India firms up stand against 'phasing out' fossil fuels
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: Coal India to have Rs 80,000 crore capex over next 5 years: CMD PM Prasad
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
Solar Modules — How to fix the dichotomy?
Exports of locally made solar panels are on the rise while imported modules remain the mainstay of domestic RE producers
Exclusive: PowerGrid can start work on Leh-Kaithal Green Energy Corridor only by 2026
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.
In Kashmir winter, rising sales of inverters is posing a great problem
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.
Exclusive: Indian Energy Exchange (IEX) to extend long-duration contracts to 11 months
The new contracts, unlike the current three-month contracts, should help distribution companies to plan their procurement efficiently and well in advance
Coal Ministry plans to boost coal production to 1,404 million tonnes by 2027
The production plan calls for the opening of new mines, the increase of mine capacity, and the output of commercial and captive mines.
Pablo Picasso's 'Woman With A Watch' painting sold for Rs 1,150 crore
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.
Exclusive | Declining coal prices impacted generation and mining profit margins in Q2, says Tata Power MD Praveer Sinha
Substantial increase in EBIDTA and PAT show core businesses of generation, transmission and distribution are doing very well, he says.
Can a rule tweak help rooftops power solar energy target?
Renewable Power Obligation includes a “distributed renewable energy” segment, making it mandatory for discoms to source roof-top solar power
NTPC’s higher capex plans should reassure BHEL investors
The thermal capacity awards target has been raised to 11,200 MW from 7,200 MW
Can the CEA illuminate the power path?
Pockets of power deficit can stand in the way of India striving to ensure 24x7 quality electricity to power economic growth
International Solar Alliance to increase viability gap funding for solar projects to 35% from 10%
The ISA, on October 31, also announced that the government of India is considering an investment of $25 million in the Alliance's Global Solar Facility (GSF), which is a fund that aims to accelerate renewable projects across the needy member countries. Moneycontrol was the first to report this on September 12.
Wind power is in danger of dying of neglect
What wind needs is a signal that governments are going to match their clean-power pledges at whatever price the market needs, and slash whatever red tape is getting in the way of that goal
NTPC Q2 result: Net profit surges 38% YoY to Rs 4,726.4 crore
During the quarter, the company recorded gross power generation of 90.302 billion units (BU), 5.63 percent higher than 85.487 BUs in the same period a year ago
Exclusive | French energy giant Engie to bring its GEMS unit to India: CCO Naresh Baluja
While the subsidiary will offer decarbonisation solutions, Engie India also plans to break into the commercial and industrial sectors
Coal stocks at domestic coal-based plants hit year’s low on robust power demand, transportation woes
Acting on the shortage, the Ministry of Power on October 25 directed all thermal generating stations, including Independent Power Producers, to mandatorily blend imported coal at 6 percent of their total capacity till March 2024. Until now, the mandate was limited to 4 percent.
Exclusive: Imported coal-based power plants have to run on 100% capacity till June
The eight-month long extension has been directed by the Ministry of Power owing to a surge in electricity demand, inadequate supply of domestic coal and reduced hydropower generation.
