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India’s share in global reserve of critical minerals such as cobalt, nickel, and graphite are low, the article stated
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Of the 165 domestic coal-based thermal power plants in the country, 31 had critical coal stocks as of May 21.
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A far cry from its earlier wariness for international climate conferences, India is taking the initiative, fuelled by the growing self-confidence of a country that’s seeing the fastest economic growth this year among G20 economies.
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In the last five quarters, REC has not added any NPA. Its gross NPA has fallen from 4.5% to 3.4% percent now, and its net NPA from 2.3% to 1.01%. REC plans to be a net NPA-zero company in the next two years.
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The Power Ministry expects the peak demand to touch 230 GW this summer
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The MoU is a step for decarbonising HMEL's Guru Gobind Singh Refinery (GGSR) .
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To avoid a repeat this season, the Power Ministry has taken measures such as mandating all imported coal-based thermal plants to operate at full capacity.
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The CMD stated that in FY 2022-23, no new non-performing assets (NPAs) were added to the REC’s portfolios.
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The average market clearing price on May 17 at the time of the record high peak demand was Rs 5.71 per unit. The power exchange was left with a surplus power of 2,807 MW during the peak demand which hit between 3-3:15 pm.
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Highlighting the negligible use of this route, Coal Secretary A L Meena said currently 400 rakes of coal are transported daily for the power sector, of which only two are through the RSR route.
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Industry experts said there has to be substantial order pipeline volume for original equipment manufacturers (OEM) such as the wind turbine maker to consider entering offshore wind markets in India.
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As several parts of the country are now facing heatwave-like conditions, India's peak power demand that will be met may breach the previous high of 215 GW in a day or two.
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At least 57 percent of the households surveyed indicated that they face up to 2 hours power outage every day, while 37 percent said they experienced power outage between 2- 8 hours.
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On April 18, when large parts of the country were reeling under heat-wave conditions, the peak electricity demand that was met was 215.88 GW (215,882 MW), a record high so far.
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The government wants to increase the share of the electricity market in India, senior officials told Moneycontrol. in 2022-23, the total traded volume in the Indian electricity market was 1,02,276 million units (MU), which is only a small portion of the energy generated from all sources (including RE) of 16,24,465 MU.
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The Deviation Settlement Mechanism (DSM) rules for the wind industry, and the General Network Access (GNA) rules issued by CERC last year were the biggest triggers for the Power Ministry's directive, officials told Moneycontrol.
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The power demand breached the 200 GW-mark after 20 days. Last it was on April 21, when the demand met was 204.7 GW.
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Unless there is a drastic change in the weather, India's peak power demand is likely to again cross 200 GW in a day or two, officials said.
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The hike in coal prices, if approved by the CIL Board, could result in an increase in power tariffs by up to 3.5 percent, experts said.
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Last year, the peak demand that was met on May 8 was 198 GW and the deficit was 754 MW.
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India will continue to expand its coal production capacity by opening new mines and enhancing the existing ones, Amrit Lal Meena, coal secretary, said.
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The govt will reimburse GST on cost of coal, offer 10% capital subsidy on setting up coal gasification plants, and assure coal supply at a notified price for 15 years.
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The power demand is likely to further climb this week as the India Meteorological Department says heatwave is likely to make a comeback in most parts of India after days of pleasant weather.
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The current installed and under construction hydro pumped storage capacities constitute less than 40 percent of the 2030 requirements
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Bank credit to green industries has been growing faster than loan off take to traditional sectors in recent times. But lenders are far from being big financiers of green projects
