MC Explainer | Section 11 of Electricity Act is back. What is the clause and what can it do?
The government has asked all power plants that use imported coal to operate at full capacity, anticipating an increase in peak electricity demand in the country.
To buy or to build? The mergers and acquisitions case for Glencore
The commodities giant has a giant war chest to expand its mining and trading empire
Moneycontrol Pro Panorama | India moves to pre-empt blackouts amid rising demand
In today’s edition of Moneycontrol Pro Panorama: Indian equities prepare for de-rating, retail investors participation in market declines, branding hotels is a tricky business, govt opposes HZL's takeover of Vedanta’s international assets, and more
ACME Group, Japan's IHI sign MoU to explore green hydrogen opportunities
Both companies will also explore opportunities to jointly offer a complete integrated solution to customers from green ammonia supply, bunkering and products or solutions for various applications, ACME has said
India re-imposes emergency clause; imported coal-based power plants to run at full capacity
On January 9, 2023, Moneycontrol first reported that the previous such order under Section 11 of the Electricity Act lapsed on December 31, 2022, after being extended from October 31, 2022.
The latest order would mean at least 15 ICBs will have to operate at their full capacity until further notice.
We can vacuum carbon from the sky. Will it make a difference?
People are concerned about the power needs of removing carbon from the environment, but there are other challenges to sort out before then
What's covered under green bonds?
Power Ministry proposes tax sops, green clearances for pumped storage hydro projects
Keeping in view the immense utility of the PSPs in grid stabilisation as well as meeting the peaking power demand, a need for formulating separate guidelines to promote PSPs was felt to set the direction of its development, the minsitry said in the guidelines.
High-price power trading to begin on IEX in March as regulator gives the go-ahead
Moneycontrol was the first to report that Central Electricity Regulatory Commission's nod to HP-DAM market was expected anytime and IEX will launch it next month
Off-river Pumped Storage Plants exempt from environmental impact assessment
PSPs will be exempt from the free power liability as well, and sovereign green bonds may be deployed for such projects, as per the draft guidelines. It also asks states to exempt land for such projects from stamp duty and registration fees.
Delays in renewable projects? India to blacklist companies
This is the first time that the government has decided to take action against renewable energy developers for delays in project completion. The move comes at a time when several solar power projects have either been halted or delayed due to disruptions in equipment such as modules, cells, wafers and so on.
The US plan to become the world’s cleantech superpower
The Biden administration’s revolution in American industrial policy has huge geopolitical ramifications. It’s also a gamble
Adani Power announces lapse of long stop date to complete DB Power acquisition
Adani Power had, in August last year, announced the Rs 7,017 crore-deal to acquire DB Power. However, it kept pushing the deadline to complete the acquisition.
High price market likely to be launched in power exchanges next month
The government intends to roll out HP-DAM soon so as to meet the spurt in power demand that is expected during the summer months. In April-May last year, many states in the country faced hours of outages because of an unrelenting surge in power demand due to a sudden heatwave, rapid economic recovery and shortage of coal to generate power.
Will introduce two new market segments within six months: Rohit Bajaj of IEX
IEX’s stake in Indian Gas Exchange (IGX) is 47 percent as of now. There is no plan to divest further at this point in time, said Bajaj.
Energy Saving Certificate trading resumes after a year
For the first time, the Bureau of Energy Efficiency has set a floor price for Energy Saving Certificates trade. The floor price is Rs 1,840 per ESCert.
NTPC to have 2,000 MW nuclear power by 2032, and 20,000 MW by 2050
The two plants in the pipeline will have pressurised heavy water reactors (PHWR), which is almost indigenised, and the power tariff from them would translate into Rs 7.36 per unit approximately
Union Budget gives India’s Green Hydrogen Mission a shot in the arm
The Indian government, in its annual budget, allocated Rs. 197 billion for the Green Hydrogen Mission. Green hydrogen could become an alternative to fossil fuels in long-haul transport like shipping and trucking.
Small isn’t beautiful when it comes to the nuclear renaissance
If the US and Europe want to catch up with Asia on reactor deployment, they will need to focus on conventional designs, not tiny models
India needs to review Green Hydrogen policy in view of incentives offered by other countries: Sumant Sinha of ReNew Power
"Renewables is just one aspect of it. But I think, downstream, things beyond renewables—green hydrogen, for example—hopefully, will allow us to decrease this dependence on imports," said Sinha
Greenko marks its step in green energy signs MoU with Uniper, sponsors ABB FIA Formula E World Championship race
The majority of large economies, including India, have committed to net zero targets. One of the major requirements for reducing emissions is the transition to green hydrogen and green ammonia, especially in hard-to-reduce sectors. The government of India has taken under consideration a number of policy measures in order to facilitate the transition from fossil fuel.
Renewable portfolio will show results in 12-18 months: Praveer Sinha, CEO & MD, Tata Power
Based on the current power demand, peak consumption this summer may cross the government’s projection of 230 GW, and even touch 240 GW. Sinha said made-in-India solar modules will be nearly 20 percent cheaper than the imported ones. He added that Tata Power is going to set up pumped storage in all its hydroelectric projects.
India Energy Week 2023: Uniper, Greenko sign pact for green ammonia offtake from Andhra Pradesh plant
The key differentiator that sets this project apart is the integration of pumped storage plant to balance out the intermittent and seasonality of renewable production and achieve a high annual plant load factor
India Energy Week 2023: Battery power storage needs a revolution to push India's green mission: Amitabh Kant
As India scales up its renewable energy capacity, battery storage systems are gaining importance as a solution to reduce the intermittency of renewable energy projects to provide continuous power.
