PowerWatch | Country's power demand falls by 24 GW over the weekend
With rains predicted till May 3, the power demand is likely to remain below 200 GW until then.
India's power consumption dips to 130.57 billion units in April
The rains reduced the demand for electricity as people used fewer cooling appliances compared to the previous year, according to experts.
Serentica Renewables bags $250 million additional funding from KKR
This latest investment builds on the $400 million investment from KKR in November 2022.
PowerWatch | India’s power demand may crawl back to 200+ GW in coming week
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.
High Price Day Ahead Market at power exchanges had no trade for over a month since launch
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.
PowerWatch | Renewables contribute 11% to meet India's current power demand; share of coal at 77%
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.
Tax levied by states and union territories on electricity generation illegal: Centre
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.
Govt revises merit order in power exchanges to maintain low costs
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.
India sets ambitious yearly targets for central PSUs to reach 500GW green power capacity
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.
PowerWatch | India met a power demand of 194 GW on April 25
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.
Pooling of electricity from old plants to go live across India from July
Moneycontrol first reported that the government’s proposal to pool electricity from old thermal and gas-based power plants is likely to be rolled out in April. At least 14 such power plants with a total capacity of 15,386 megawatts (MW) are likely to be tapped once the scheme comes into force.
PowerWatch | Demand marginally increases, but remains below 200 GW
Data analysed by Moneycontrol showed that between April 1 to April 23, the daily peak demand breached the 200 GW mark on 9 days. With the rise in the overall demand, trade volumes in the power exchanges have also increased, with hourly peak prices touching the cap of Rs 10 per kilowatt hour every day on the energy bourses.
EU’s carbon border tax will disrupt trade and derail climate talks
Exports from developing countries will suffer the most. The EU will initially impose CBT on steel, aluminium, cement, fertiliser, hydrogen, and electricity. But the tax will be extended to cover all products by 2034
SECI records 59% jump in RE power trading volume in FY2023
Till date, SECI has awarded renewable energy project capacities of over 56 GW.
PowerWatch | Demand ebbs as heatwave subsides in most parts of country
A record 215.88 GW power demand was met on April 18 when large parts of the country were reeling under heatwave conditions. This week a surge in power demand is unlikely, with rain predicted for some areas
Success of world in facing the climate crisis will in part depend on decisions taken by India: US
Responding to a question, Lu said the future of the planet in part depends on the ability of India to lead the way in green energy.
New energy investments to drive energy transition: Reliance CFO
RIL last year unveiled plans to spend $75 billion on clean energy projects over the next 15 years.
JSW Energy arm commissions 51 MW wind project in Tamil Nadu
The total current installed capacity of the company has reached 6,615 MW while the under-construction capacity stands at 2,855 MW
Peak power demand breaches previous high as heatwave keeps India sweltering
As for the current coal stocks, data accessed by Moneycontrol showed that the situation as of now is manageable. Of the 165 domestic coal-based thermal power plants in the country, as many as 30 had critical stocks. Last year around this time, the number of such plants had touched 96.
Nuclear Power: A revival will need more regulation, not less
Modest, but crucial, shares of nuclear energy in tandem with wind and solar will ensure we meet decarbonisation targets. The renewables versus nuclear debate was a needless distraction. Governments must take the lead in ensuring nuclear plants get built
China’s domination of the global renewable energy sector is here to stay
China’s scale gives it a massive price advantage across the entire renewables chain that strengthens its domination across equipment supply chains
Vacancies in DERC, AAP-LG tussle delay power tariff revisions in Delhi
DERC had announced the last tariff revision on September 30, 2021. Power charges in Delhi were raised by 2 percentage points from October 1, 2021. Last year, despite no tariff revision, electricity cost in Delhi was raised by up to 4%.
MC Exclusive | Govt invites EOIs for 'Hydrogen Valley Innovation Clusters'
The focus areas of the green hydrogen value chain which the HVICs will have include green hydrogen production, hydrogen storage and distribution and hydrogen end uses such as transport, clean heat and power, and industry applications.
NTPC plans bamboo-based bio-refinery at Assam's Bongaigaon
In line with the government’s target of 500 GW of renewable energy capacity by 2030, NTPC has also revised its RE targets to 60 GW from 30 GW by 2030.
