Power tariffs in India are one of the lowest in the world: RK Singh
The Union minister for power and renewable energy said for the first time current subsidy dues owed to discoms by state governments are up to date and legacy dues are being cleared expeditiously.
Need to boost capacity to meet India's growing power demand: Union minister RK Singh
In an interview with Moneycontrol, the Union minister for power and renewable energy said at least 44,000 MW of thermal capacity is under different stages of construction and up to 16 MW will be nuclear power capacity by 2030. At least 30,000 MW of hydroelectric power projects are at various stages of construction and planning.
Delhi power subsidy to continue, LG gives nod amid face-off with AAP govt
Earlier, Delhi Power Minister Atishi said the government had approved the extension of power subsidy for the year 2023-24 but the file was still pending in the LG office.
MC Exclusive | All transformers have to be metered by March 2024: RK Singh
As on date, about 40 percent distribution transformer metering has been done and for feeder lines, the status is a bit better at about 80 percent, Singh said. He added that the government is also modernising its feeder monitoring system.
MC Exclusive | Govt lowers price cap at power exchanges to Rs 10 per unit
Besides, the Central Electricity Regulatory Commission (CERC) has also slashed the price ceiling for the high price day ahead market (HP-DAM) from Rs 50/kWh to Rs 20 per unit, the latest CERC order accessed by Moneycontrol showed. Both the revised price caps came into effect from April 4.
MC Interview | Shifting from pure solar power to hybrid and green hydrogen projects: Amplus Solar CEO
Sharad Pungalia, CEO and MD, says the company’s first inter-state transmission system project in Rajasthan will be commissioned in the fourth quarter of this FY24. The company also plans to set up new renewable energy units of up to 700 MW in FY24, from 150 MW in the last financial year, he says.
Adani Electricity Mumbai tops Centre's discom ranking of 71 utilities
The Annual Integrated Rating and Ranking exercise is done by the Power Finance Corporation as per the framework approved by the Ministry of Power since the year 2012.
Green Pivot | Can Musk magic break the climate curse?
Tesla’s road map for a sustainable energy future is a simplified model that does not capture the realities of developing nations such as India
MC Explains | All you need to know about your next gas bill
As per the new government guidelines for fixing domestic natural gas prices, your bills may go down by up to 10 percent in the immediate term. But how long will it stay there?
MC Exclusive | No inter-state transmission charges up to December 2055 for green hydrogen projects: Govt order
Production of 1 kg of green hydrogen requires 55-60 kWh of renewable energy. Therefore, a Rs 1/kWh increase in the delivered cost of RE would increase the production cost of green hydrogen by Rs 60 per kg (or $0.75/kg), the order accessed by Moneycontrol stated, explaining why the extension of waiver was necessitated.
Govt targets 1.2 MMT green hydrogen annual production in first three years of incentive programme
The maximum incentive for green hydrogen production will be Rs 50 per kg, which will come down to Rs 30 per kg in the third year. For electrolyser manufacturing, the incentive will be offered for the first five years with the government also suggesting a possible performance multiplier matrix to reward lower energy consumption and penalise higher energy consumption to push high efficiency electrolysers.
India to get 7,000 MW from nuclear power by 2031 as govt grants bulk approval to reactors
As per the Central Electricity Authority data, till March 2022, India had an installed nuclear power capacity of 6,780 MW, which is just 2 percent of the total energy (thermal, hydro, renewables) mix in the country.
Power Grid flexes its muscles in competitive bids
The company has won majority of the projects awarded through tariff based competitive bidding (TBCB) in FY23
Exclusive: Installed record renewable energy capacity last FY, says NTPC REL CEO
Mohit Bhargava, CEO of NTPC Renewable Energy Ltd (NTPC REL) tells Moneycontrol’s Sweta Goswami how the NTPC Group plans to achieve its target of having 60 GW renewable energy capacity by 2032. He said the group is going to take up all kinds of projects from pumped storage to green hydrogen and battery storage.
MC Interview | NTPC expects to add ‘significant’ renewable energy capacity in FY24: NTPCREL CEO
Mohit Bhargava, CEO of NTPC Renewable Energy Ltd, said the company did about 1.4 GW of new renewable energy capacity addition last year and has about 17-18 GW in the pipeline as of now.
India will manufacture 100 GW solar PV modules by 2026-end: MNRE Secretary
India has set an ambitious target of having 500 GW of renewable energy capacity by 2030, for which Bhalla said the government has decided to award 50 GW of renewable energy projects every year starting FY 2024.
Wind’s future is looking more turbulent than ever
The world’s demand for clean energy is very strong, but the supply side is a mess that has yet to be untangled
Mumbai has to cough up 5-10% more for power from this month
The increased tariffs will be applicable from April 1. Not just this, the MERC has also approved even steeper power tariff hikes for the next financial year (2024-25) that range from an average of 2.1 percent to 21 percent.
REC Chairman & MD on renewable loans; Aims Rs 2.5 lakh crore portfolio by 2030
In an exclusive interaction with Moneycontrol, Vivek Kumar Dewangan, chairman and MD of REC Ltd, said the Maharatna NBFC is aiming to have a renewable loan portfolio of up to Rs 2.4 lakh crore ($30 billion) by 2030. He said the company's share of renewable financing will increase from the current 6% to 30% of the total loan portfolio by 2030.
MC Exclusive | REC Ltd's loan portfolio in renewable energy to touch Rs 2.4 lakh crore by 2030, says CMD Vivek Dewangan
REC Ltd will also start financing pumped storage, green hydrogen and green ammonia projects. Apart from the 51 transmission projects, another 16-18 projects will be handed over to successful bidders in the next six to eight months, added the chief of REC.
JSW Energy completes acquisition of Mytrah Energy's renewable energy assets
The Mytrah portfolio of 1,753 MW comprises of 1,331 MW of wind capacity and 422 MW (487 MWp DC) of solar capacity operating primarily in the southern, western and central parts of India.
No import, India to start exporting coal from 2025-26: Coal minister Pralhad Joshi
Data from the coal ministry showed that from about 50 auctioned coal mines under the private sector since February 2020, at least three have become operational. Overall, since 2019, about 27 coal mines, across all sectors, have been operationalised so far.
MC Exclusive: India's electricity demand growing at 10.5% is unprecedented: RK Singh
Despite record coal production, in April-May 2022, many states in the country faced hours of outages because of an unrelenting surge in power demand due to heatwaves, rapid economic recovery, and shortage of coal to generate power.
MC Exclusive: India way ahead of time in renewable energy expansion, says Union Minister RK Singh
As per current laws set by the ministry of power, distribution companies, open access consumer and those with captive power are mandated to have about 22 percent of their total electricity sourced from renewables
