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The FM is likely to focus on the 4Is of infrastructure, investment, innovation and inclusive growth to take the economy to greater heights
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Policy changes and increased allocations to areas that expedite the implementation of reforms while allowing for the inclusion of diverse funding avenues should be included in Budget 2023
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With a growing share of renewables in the energy generation mix, a robust energy storage system is critical for grid stability
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But, experts say it is going to take at least 5-7 years for India to actually starting exporting green hydrogen on the scale the government is envisaging. This is because till 2030 India has set a target of producing 5 MMT of green hydrogen annually, which will primarily be used for domestic consumption in hard-to-abate sectors.
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Energy boom boosted Putin in 2022 but price cap and falling cost of crude worries policymakers
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Energy transition is a huge investment opportunity if the government can provide the appropriate incentives
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Data showed that prices on the bourses remained at the upper limit for at least two weeks in December. The situation has continued into January, which has so far seen YoY growth of nearly 15 percent in demand, power ministry officials said.
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RK Singh, in an exclusive interview with Moneycontrol, suggested there is no stopping for hydropower projects in the country, despite rising concerns over rampant construction in hilly regions such as Uttarakhand.
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RK Singh spoke exclusively with Moneycontrol on the sidelines of the World Economic Forum at Davos. He said the discoms have reduced outstanding dues to the tune of Rs 30,000 crore to Rs 35,000 crore and is hopeful will be able to pay-off a bulk of the remaining dues by the end of FY24.
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Not only has the power ministry been pushing for the proposed green corridor between Ladakh and Haryana to be included in the upcoming Budget, it has also proposed a provision for viability gap funding (VGF) for battery energy storage systems (BESS).
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When asked whether the incentives worth Rs 17,490 crore planned under the Green Hydrogen Mission in India will be enough to spur investments, Sinha said it might “not necessarily” do so.
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India should consider setting up a global alliance of major countries involved in green hydrogen production or import on the lines of International Solar Alliance to help evolve a common regulatory framework
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A bank guarantee is a kind of guarantee from a lending organisation. As per the provisions of the tender document, PBG to be submitted for each successfully auctioned coal mine is to be revised annually based on the National Coal Index (NCI) for the month of April in the beginning of the year, the coal ministry said in a statement.
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Blue hydrogen's main source is methane, a powerful greenhouse gas that is notorious for escaping drilling wells and pipelines.
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The document talks of creating Hydrogen Highways, and green ammonia bunkers and refuelling facilities at least at one port by 2025. Besides, oil and gas PSUs will be required to charter at least one ship each to be powered by green hydrogen or derived fuels by 2027.
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With the green market size still in its infancy in India, companies must also look abroad to attain viable size
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The Centre has also disallowed reverse bidding for such projects in the future. A formal procedure has been put in place to pool all the bids to ensure that capacity addition is done across all eight windy states in the country
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Energy efficiency can help reduce emissions, but it will need to be supplemented by additional decarbonisation solutions. The EC Act 2022 has opened the doors to these additional solutions by mandating the consumption of non-fossil sources
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Data accessed by Moneycontrol showed that in the first 10 days of January, the hilly state saw an average daily demand of nearly 45 million units. At the same time, the state is facing a shortfall of at least 18 million units of electricity every day.
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The Jal Shakti ministry has appointed a panel which is investigating the Joshimath subsidence incident and the panel does not include any representatives from the power ministry or NTPC.
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The Oracle of Omaha struck a gusher with his stakes in Japan’s major trading houses
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Despite two SC-appointed committee reports stating that such hydroelectric power projects could have significant environmental impact, the government in 2015 set up yet another committee which gave the go-ahead for at least six hydropower projects.
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India has a target of increasing the share of natural gas in total energy usage from six percent in 2017 to 15 percent by 2030.
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PTC India is in the limelight because of a potential change in ownership. But investors should be wary about its weak financial performance and changing business dynamics
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It is noted that the shortfall between the daily coal consumption and the daily arrival of domestic coal is ranging from 3 Lakh Tones per day to 1 Lakh Tonnes per day, the ministry said.
