Of the 165 domestic coal-based thermal power plants in the country, only 29 had critical stocks as on May 7.
The 41 GW of coal-fired capacity planned by 2030 will primarily be ‘brownfield projects’, which means it will only entail capacity expansion at existing thermal power plants.
As South Africa’s power system has descended deeper and deeper into crisis, some of the rules that had served to stymie renewables have been gradually abandoned and the private sector progressively allowed to take over
The company's earnings before interest, taxes, depreciation and amortization (EBITDA) for FY23 was higher at Rs 14,312 crore against Rs 13,789 crore in FY22.
Tata Power’s debt-equity ratio of 1 “is normally not seen in any infra company; they typically are in 2:1 ratio. Going forward, we expect to continue to have debt-equity in the similar range”, said Praveer Sinha.
The government has set ambitious annual targets for bidding out 50GW if renewable energy projects every year. Tata Power will actively participate in these tenders, Sinha said.
The company is one of the three selected under the production-linked incentive scheme to produce solar modules in the country. In India, the firm will continue to cater to power utilities instead of B2C companies. Ghosh hopes to significantly localise component supply chain by the end of 2025.
On May 3 last year, the country met a peak power demand of 199.4 GW, while the deficit was 943 MW, government records showed.
Named Maitree Super Thermal Power Plant, the project will have two units of 660 MW each and is located in Bagerhat, Bangladesh.
The coal stocks situation is “manageable”, as of now, data accessed by Moneycontrol shows. Of the 165 domestic coal-based thermal power plants in the country, 35 had critical stocks. About 33 million tonnes (MT) of coal are stocked at thermal power plants as on May 3.
The capex target for the current financial year is Rs 21,030 crore and the overall projected target of the assets monetisation plan is Rs 50,118.61 crore, the ministry has said
NTPC recorded a coal production of 23.2 million tonnes in FY23, witnessing a 65 percent growth against 14.02 million tonnes a year ago from its four operational coal mines -NTPC Pakri-Barwadih (Jharkhand), NTPC Chatti Bariatu (Jharkhand), NTPC Dulanga (Odisha) and NTPC Talaipalli (Chhattisgarh).
Extension on the scheduled date of commissioning of solar or hybrid projects will be examined on a case-by-case basis. If found that adequate measures such as land acquisition or placing orders for modules have not been done as yet, then the entire project will be liable for cancellation, the MNRE stated.
When it comes to shortage in meeting the peak demand, the May 1 deficit was the lowest in at least a decade as the deficit in 2015 and 2014 was as high as 5,058 MW and 3,242 MW respectively.
Predictable RE tendering schedule is supportive, but policy flexibility is the key to meeting the clean power target
Moneycontrol was the first to report about NTPC's plan to expand India's nuclear power projects. NTPC, India's largest power producer, aims to start generating 2,000 MW of nuclear energy by 2032, 4,200 MW by 2035 and eventually scale up to 20,000 MW by 2050.
With rains predicted till May 3, the power demand is likely to remain below 200 GW until then.
The rains reduced the demand for electricity as people used fewer cooling appliances compared to the previous year, according to experts.
This latest investment builds on the $400 million investment from KKR in November 2022.
The coal stock situation is “manageable”, as of now, data accessed by Moneycontrol shows. Of the 165 domestic coal-based thermal power plants in the country, 32 had critical stocks. Last year at this time, the number of such plants was around 96.
Overall, until now, 194 MWh has been traded in HP-DAM. The highest trade happened on April 17, with 98 MWh at the market clearing price of Rs. 19.64.
As on April 26, the contribution of renewable energy sources (RES) such as solar, wind and biomass to meet the power demand was 11 percent, whereas, the share of coal-fired thermal power plants was 77 percent.
Stating that some state governments are imposing a “water cess” on hydroelectric projects, the Centre directed all states and UTs to immediately withdraw any such tax or duty.
Under the revised mechanism, the merit order for power dispatch in the exchanges will be decided a day in advance instead of the he current 1.5 hours. The system will also include all thermal power generators, instead of just NTPC's thermal stations, which is currently the case.
The decision of the government to add 50 GW of RE capacity each year from hereon is significant as well as challenging because until now, the country has managed to add only a maximum of about 15 GW annually.