MC Exclusive: Well prepared to handle the next spurt in power demand: RK Singh, Union minister for power
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.
Nuclear power is just as green as solar and wind
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
Power producers may soon be penalised for defaulting on biomass co-firing target: Power Secy
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.
Can make hydrogen out of wastewater, biomass, says Gadkari
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
7 hydropower projects with 3,110 MW capacity to be commissioned in FY 24
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
Transmission sector set for Rs 2.4 lakh crore expansion as part of green power push
The ongoing investment of around Rs 12,000 crore per year is estimated for strengthening the transmission and distribution system by FY27
NTPC REL to help Indian Army generate clean electricity through green hydrogen
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
IPCC report urges renewable energy and efficiency to mitigate climate crisis
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.
Chart of the Day | Electricity demand exceeds FY22 levels in 11 months
Electricity usage projected to scale new highs in April 2023
Most likely to overshoot 1.5°C global warming limit: Major UN report on climate change
India welcomed the report, but it also highlighted that it talks about the need for increased climate funding and reminded the $100 billion promise made by the developed countries to the developing nations.
NTPC green venture teams up with Indian Oil for renewable energy projects
Through the JV, NTPC plans to help IOCL set up RE projects to the tune of 2.8-3 GW, a senior NTPC official told Moneycontrol. The renewable energy produced through these projects will be used to power IOCL's refineries.
India's power sector owes coal mining PSUs Rs 20,342 crore
The dues owed to CIL have increased by almost 25 percent compared to last year. It is crucial to make prompt payments to the coal sector to guarantee a continuous supply of this fossil fuel to thermal power plants, particularly as India prepares for peak summers and the demand for power is anticipated to reach 230 GW.
IREDA listing plan — A chance to plug into triple benefits
Given the current volatile market condition in the market, DIPAM will have to harness all its skills to get the IPO pricing right
Centre lifts investment cap for green power wing of NTPC
The development comes at a time when Malaysia's Petronas has offered Rs 3,800 crore to buy a 20 percent stake in NGEL. The company has 15 RE assets of 2,861 MW which are operational/nearing Commercial Operation Date.
Cabinet clears listing of IREDA through part-sale of government holding
The decision was taken due to change in IREDA's capital structure following infusion of capital to the tune of Rs 1,500 crore by the Government in March, 2022. The IPO will also create additional employment opportunities, the government said
India’s missed solar power target may bite hard as power demand soars in summer
The solar sector is finding it tough to meet targets as it faces policy headwinds. Besides, a plethora of grid norms are also increasing project costs.
Andaman authorities issue strict rules on power consumption amid blackouts
Due to the geographical and topographical peculiarities of Andaman and Nicobar Islands, including separation by sea over great distances, there is no single power grid for all the electrified islands and instead a power house caters independently to the power requirements of an area.
NTPC to import 5.4 million tons of coal to meet growing summer demand
The Union power minister also informed the Upper House that Railways has taken steps to purchase one lakh wagons for coal transportation
NTPC arm to buy 4-GW gas-based power to meet demand in 'crunch period'
As per the tender document reviewed by Moneycontrol, the last date for submission of bids is March 23. The minimum guaranteed offtake during the identified crunch period shall be 1209.6 MU. Any offer of less than 50 MW by a bidder will result into non- responsiveness of bid, it stated.
India’s incipient power crisis needs a non-fossil fix
With demand set to grow nearly by a third in absolute terms, generation and storage of renewable energy is the only sustainable solution to meet volatile summer demand
Solar Boost: Govt lifts ALMM mandate for projects commissioned by March 2024
The move is significant as India aims to have 280 gigawatts (GW) solar power installed capacity by 2030, which means the country needs to add about 27 GW annually. At present, India has an installed solar capacity of 63.89 GW.
MC Exclusive: NTPC to invite bids for 9 GWh of energy storage systems
This will be the largest bid for energy storage systems in India, surpassing NTPC's own previous tender of 3 GWh.
Govt launches High Price-power trading market and Surplus Power Portal
Now the discoms will be able to indicate their surplus power in block times/days/months on portal. Those discoms who need power will be able to requisition the surplus power. The new buyer will pay both variable charge (VC) and fixed cost (FC) as determined by the regulators, the ministry of power said in a statement on March 10.
Govt eyes additional 11,920 MW to meet summer power demand
During a review meeting held on March 7, Union minister for power RK Singh asked electricity companies to ensure there is no load-shedding during the summer months.
