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.
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.
Given the current volatile market condition in the market, DIPAM will have to harness all its skills to get the IPO pricing right
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.
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
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.
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.
The Union power minister also informed the Upper House that Railways has taken steps to purchase one lakh wagons for coal transportation
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.
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
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.
This will be the largest bid for energy storage systems in India, surpassing NTPC's own previous tender of 3 GWh.
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.
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.
There is pressure on India to sign the West-led Just Energy Transition Partnership (JETP). But, it needs to take the ground realities of power generation, employment and mining-dependent states into account
Increasingly, organisations are finding it difficult to ignore the value of involving women in the renewable energy supply chain.
However, the government said that a captive plant shall be exempt from the requirement of RGO, if it fulfils the Renewable Purchase Obligations as notified by the central government.
Many states and distribution companies, based on commercial considerations, started making an exit from PPAs of costlier plants (non-pit head coal stations and gas-based thermal generating station) while retaining the PPAs of cheaper plants. This is also leading to generation capacity crunch especially during the peak demand season.
However, ICRA’s outlook for the power distribution segment remains negative. In this context, it said, timely issuance of tariff orders with adequate tariff hikes by the state electricity regulators remains important.
But the latest IEA report on carbon emissions comes with two spots of good news — and a lesson
A new wave of protectionism is sweeping the sector under the guise of a push for more local manufacturing
While addressing the Confederation of Indian Industries (CII) Conference on Clean Renewable Energy 2023, Chief Minister Pramod Sawant had on Friday said that Goa aims to ensure 100 per cent renewable energy usage across all sectors by 2050.
In an exclusive interview with Moneycontrol, the managing director of Sterlite Power Transmission said the recurring power crisis in India is actually a crisis of the last mile. Agarwal also said cost escalation to build transmission network for renewable energy will be offset by the overall low cost of RE compared to electricity from conventional sources.
India is set to have the highest percentage growth (+81 percent) in nuclear generation from 2022 to 2025, followed by Japan. Besides, despite a record heatwave in 2022, hydropower generation in India increased more than 10 percent above its 2017-2021 average, the IEA said in its report.
In December, the government asked state-run GAIL (India) and NTPC to increase imports of natural gas to supplement power generation.
