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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?
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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.
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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.
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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.
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The company has won majority of the projects awarded through tariff based competitive bidding (TBCB) in FY23
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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.
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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.
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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.
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The world’s demand for clean energy is very strong, but the supply side is a mess that has yet to be untangled
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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.
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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.
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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.
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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.
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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.
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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.
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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
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Trajectories are being worked out to blend green hydrogen in the city gas network and to mandate steel plants, refineries and fertiliser companies to use green hydrogen, Singh told Moneycontrol.
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Trajectories are being worked out to blend green hydrogen in the city gas network and to mandate steel plants, refineries and fertiliser companies to use green hydrogen, Singh told Moneycontrol.
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Nuclear plants aren’t just zero-emissions, they are much smaller on a per-megawatt basis than renewables. Indeed, they’re more than twice as space-efficient as coal power plants. If the goal is to decarbonise while sustaining living standards, no choice is entirely pure
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The power secretary said the government is also mulling over creating an intermediary government company to facilitate the procurement of biomass and develop a supply chain for the biomass pellet sector.
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Addressing the inaugural Moneycontrol Policy Next- The Rs 10 Trillion Infra Push summit, the minister said hydrogen made through electrolyser is costly but by using biomass, hydrogen can even be produced without using electricity
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It is the Northeast that the government is looking to tap into in a big way. At least 5,000 MW of installed hydroelectric power is under construction and more projects are being discussed in the region parts of which border China
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The ongoing investment of around Rs 12,000 crore per year is estimated for strengthening the transmission and distribution system by FY27
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Under the ambit of the MoU, a joint identification of potential sites would be undertaken for setting up of green hydrogen projects for supplying electricity in a phased manner. NTPC REL will also design, develop, and install renewable energy projects for the Indian Army
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The report stated that energy efficiency and renewable energy are the most affordable path to faster emission reduction. Scientists in the IPCC said that as per their study, providing energy access to low-income sub-Saharan Africa could be one of the highest return opportunities for developed countries.
