Floating solar projects gain traction as land remains a limited resource 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 the beating heart of India’s economic transformation
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 to export 10,000 MW power to India in next 10 years: Prime Minister Prachanda
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.
PowerWatch | India's peak power demand hits record 234 GW on Aug 17 on rising temperatures
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.
Diversification: CIL and its subsidiaries to use de-coaled land to build new thermal power plants
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.
India's domestic coal-based power plants use more imported coal than imported coal-based plants
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.
Power sector will play a big role in India’s $5 trillion economy goal: Tata Power CEO & MD
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.
Will add 5 GW capacity, increase coal production by 47% in FY24: NTPC Head
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
No plan to phase out old coal-fired power plants: Power Minister RK 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
Coal India Q1 results: Net profit declines 10% to Rs 7,941 crore, beats estimate
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.
Will add about 3,000 MT capacity of green hydrogen and its derivatives in FY24: Jakson Green Global CCO
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.
Govt temporarily eases mandate on biomass pellet co-firing in thermal power plants
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.
Green capex plans of Power Grid, NTPC look too ambitious
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
Thermax Q1 profit flat at Rs 60 crore despite 18.5% rise in revenue
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.
Exclusive | NHPC needs Rs 11,000 crore for mega hydropower merger plan
The company said it has limited resources and may have to turn to the government to acquire the two smaller hydel companies.
What record plant availability at NTPC tells us about Indian power sector
Thermal power plant availability improved as electricity demand softened in June 2023 quarter
Power Grid Q1 profit falls 5.3%; Board approves bonus shares and fund raising
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.
Adani Green's renewable energy capacity to cross 45 GW by 2030, says CEO
The company is focusing on localising the renewable energy supply chain through a comprehensive vendor development programme, said Adani Green Energy CEO Amit Singh
Why One Country Is Struggling to Break Away From Russian Gas
Austria, unlike most European Union countries, is still buying nearly as much natural gas from Russia as it was before the war in Ukraine.
Centre puts in place additional measures to improve financial health of discoms
Improper and non-transparent accounting, as well as non-payment or delayed payment of subsidy, is one of the reasons for the financial distress of discoms, the power ministry said.
Rays Power Infra, Serentica Renewables to set up 283 MW solar project
The project will create several job opportunities and business growth avenues for the subcontractors. The company is focusing on establishing more such power plants in Karnataka and other states, Rays Power Infra Director Pawan Sharma said.
LPS scheme brings down dues by nearly 50%, states' total due now stands at Rs 69,957 cr
According to industry data, in June last year, dues of power distribution companies' (DISCOMs) stood at Rs 1.39 lakh crore when the LPS scheme was launched
Alternative Energy: How offshore wind farms can come out of the doldrums
Many ongoing turbine farm projects were canceled last week due to rising costs and key investors looking at other energy options. If more of the infrastructure funds that are doing well can be persuaded to buy the debt and equity in established offshore projects from developers and banks, that will free up significant funds for new projects
Coal index posts steep fall, indicates sufficient stock of fuel
The National Coal Index (NCI) is a price index that combines coal prices from all sales channels, including notified prices, auction prices and import prices.
Exclusive | No more wind energy; NHPC will focus on solar power, says official
In addition, NHPC director (finance) RP Goyal said the Central government has asked the PSU to explore pumped storage projects with a total capacity of 22 GW. NHPC has also invited bids from select developers for 3 GW connected solar power projects across the country as part of the Centre's renewable energy bidding trajectory.
