About 35 million tonnes (MT) of coal are stocked at thermal power plants.
Meanwhile, NGEL) and UPRVUNL signed a MoU in Lucknow on June 1 to collaborate in the development of renewable energy (RE) parks and projects.
The share of renewable energy sources such as wind, solar and hybrid in the total energy generation on May 30 was 9.03 percent.
The total fund requirement for the period 2022-2027 is estimated to be Rs. 14,54,188 crore and for 2027-2032 it is likely to be Rs. 19,06,406 crore.
The NEP indicates that coal will remain important in ensuring India's energy security and energy transition, while keeping tariffs affordable, as battery storage systems remain expensive. However, the growth of renewable energy is going to be steeper than coal till 2032.
India’s likely installed capacity for 2031-32 is 900.4 GW comprising 304 GW of conventional capacity and 596 GW of renewable based capacity, the National Electricity Plan stated.
However, the revised coal prices may lead to an increase in the price of cement, aluminum, steel among other commodities due to higher input costs, experts said.
The share of renewable energy sources such as wind, solar and hybrid in the total energy generation on May 29 was 9.86 percent
CIL expects a revenue of Rs 2,703 crore for the balance period of financial year 2023-24. Moneycontrol was the first to report on May 11 that CIL was going to increase coal prices due to its plan of increasing the wages for its non-executive staff
On May 23, India met a peak power demand of 221.34 GW, which is the highest so far.
The clean energy source is generating buzz as an alternative to fossil fuels. The FT calculates that delivering it requires $20tn of investment by 2050
The International Energy Agency expects $1.7 trillion to be spent on clean energy this year, with expenditure on solar power exceeding that on upstream oil and gas for the first time. But the best projects will be erected close to the places where their power will be consumed
Of the 165 domestic coal-based thermal power plants in the country, only 28 had critical stocks as on May 25.
When somebody says that power is free, it means that you pay more taxes because ultimately it is the taxpayer who is bearing the brunt of the free power, the Union minister for power said.
The share of coal-fired power plants in meeting the demand was 71 percent.
In the wind energy sector, most of the manufacturers are actually exporting all their products. I'll do away with the LMM for wind energy if this continues, said Union minister for power and renewable energy RK Singh.
On February 15, the government issued an order stating that if any renewable energy project is not commissioned by the prescribed date of completion, then the developer will be blacklisted for a period of three to five years after asking him/her to show cause.
The company intends to spend Rs 85,000 crore in the next seven years under its recently unveiled ‘Strategy 2.0’ initiative, wherein it aims to increase its generation capacity to 20 GW and energy storage of 40 GWh/5GW by 2030.
The government also extended the scheme to offer a waiver of surcharge for electricity generated through offshore wind by seven years - from 2025 to 2032.
Out of the 165 domestic coal-based thermal power plants in the country, only 30 had critical coal stocks as of May 23.
The country’s coal stock situation continues to be “manageable” as of now, according to the data.
Incentives for green hydrogen production will be given in two buckets. One, bidders who quote the lowest cost of the incentive and second, those who quote the lowest price for the hydrogen produced, senior officials told Moneycontrol.
This comes more than a month after Malaysia's Petroliam Nasional Berhad (Petronas) withdrew its offer for a 20 percent stake in NTPC Green Energy Ltd.
India’s share in global reserve of critical minerals such as cobalt, nickel, and graphite are low, the article stated
Of the 165 domestic coal-based thermal power plants in the country, 31 had critical coal stocks as of May 21.
