co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
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.
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.
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.
The Power Ministry expects the peak demand to touch 230 GW this summer
The MoU is a step for decarbonising HMEL's Guru Gobind Singh Refinery (GGSR) .
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.
The CMD stated that in FY 2022-23, no new non-performing assets (NPAs) were added to the REC’s portfolios.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
