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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.
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.
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.
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.
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
Till date, SECI has awarded renewable energy project capacities of over 56 GW.
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
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.
RIL last year unveiled plans to spend $75 billion on clean energy projects over the next 15 years.
The total current installed capacity of the company has reached 6,615 MW while the under-construction capacity stands at 2,855 MW
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.
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 scale gives it a massive price advantage across the entire renewables chain that strengthens its domination across equipment supply chains
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%.
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.
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.
The government says with sufficient coal stocks and gas capacities tied up there won’t be any issues during peak power demand this summer.
Adding more geothermal power could make it possible for Japan to provide 90% of its power generation from renewable sources, according to an estimate by the Lawrence Berkeley National Laboratory.
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.
