NHPC Ltd CMD RK Vishnoi also said that the first and second units of the Subansiri Lower hydroelectric project in Arunachal Pradesh will be commissioned in January and March, 2024 respectively.
NTPC is set to sign a supply agreement for another four-and-a-half years with GAIL to ensure further availability of gas in the long run.
RIL will simultaneously set up a fully-integrated, automated, giga-scale electrolyser manufacturing facility, Ambani said
The India opportunity is so attractive right now, and the next 25 years are truly going to be India's years, says Sumant Sinha, founder, chairperson and CEO of ReNew. We'll need almost $500 billion just for the electricity sector over the next 7-8 years, he says.
The Union minister said in just about 10 months India already has a pipeline of 5.8 million tonnes of green hydrogen and 37 million tonnes of green ammonia orders that have already been backed or are in the pipeline.
While the cost of BESS remains the highest at Rs 10 per kWh, the cost of pumped hydro has now come down from about Rs 8 to about Rs 5 kWh. A tender for green ammonia to be used for energy storage will be a first in India
Floating solar, or floatovoltaics, are solar panels mounted on a water body such as a reservoir or a lake. Floating solar photovoltaic power plants can be 15-30 percent more expensive than land-based ones, but they can generate about 10 percent more capacity than land-based PV systems.
The power sector is witness to India’s bullish trajectory with the renewables revolution happening, rapid acceleration in transmission infrastructure, policy support creating a favourable investment climate, and innovative financing models enticing developers
Nepal Prime Minister Pushpa Kamal Dahal "Prachanda" on August 18 said that his government plans to increase the export of electricity to neighbouring India from 450 MW to 10,000 MW in the next 10 years.
The demand that could not be met on August 17, also known as the peak demand deficit, stood at 7,255 MW. The unusually high peak demand deficit reflects that several parts of the country are facing power cuts.
Given the country’s growing shift to renewable energy, the coal ministry has decided to foray into thermal power plants, and not just mine coal.
The reverse trend, where domestic coal based power plants are using more imported coal than ICB plants, is due to a government policy aimed at ensuring continuous electricity generation to meet the rising demand.
Considering that India is one of the fastest-growing economies and there is an aspirational India, which is expecting a lot of improvement in the quality of life, this is the decade of India, and maybe even the next few decades, said Praveer Sinha.
NTPC has also decided not to go ahead with its plan a stake sale in NTPC Green Energy Limited (NGEL) through a strategic investor, said Gurdeep Singh
Total power generated in India by at least 8 percent YoY in 2021-22, and 9 percent in 2022-23, the minister said. Singh further said that electricity generated by coal-based power plants grows by 10 percent between 2021-22 and 2022-23
CIL's total expenses in the first quarter increased 11.5 percent to Rs 26,745.68 crore from Rs 23,985.31 crore in the corresponding quarter of the previous fiscal.
The group as a whole (Jakson Group) has decided to scale up its solar manufacturing capacity from the current 1 GW to 2 GW. In that, it will also expand to cell manufacturing, instead of just making modules.
The problem is that sufficient quantity of biomass pellet is not available in the country as of now, Union minister for power and renewable energy RK Singh said on August 4.
While both companies forecast rapid addition of projects in the coming years, they don't match current capex trends. Investors should watch their return ratios and earnings
Consolidated revenue increased to Rs 1,986.02 crore in Q1 from Rs 1,675.02 crore a year earlier, the company said in a stock exchange filing on August 1.
The company said it has limited resources and may have to turn to the government to acquire the two smaller hydel companies.
Thermal power plant availability improved as electricity demand softened in June 2023 quarter
The company's Board also approved issue of bonus shares in the ratio of 1:3. Besides, it also approved to raise funds of up to Rs 12,000 crore in FY 2025 from the domestic market through bonds.
The company is focusing on localising the renewable energy supply chain through a comprehensive vendor development programme, said Adani Green Energy CEO Amit Singh
Austria, unlike most European Union countries, is still buying nearly as much natural gas from Russia as it was before the war in Ukraine.
