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People are concerned about the power needs of removing carbon from the environment, but there are other challenges to sort out before then
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.
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
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.
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.
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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.
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.
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.
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.
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
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.
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
"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
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.
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.
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
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.
The tenders were part of India’s push to bring down Aggregate Technical and Commercial (AT&C) losses by infusing reforms through the Revamped Distribution Sector Scheme. India has set a target to bring down AT&C losses to 12-15 percent by 2024-25 and cut the cost-revenue gap to zero.
Bharat Petroleum Corporation Limited is one of the first oil sector PSUs to have built a separate vertical for renewable energy. The head of the RE wing speaks to Moneycontrol about the journey ahead.
The government is preparing to meet a projected peak electricity demand of 230.144 gigawatts (GW) in FY 2024.
Green growth means fostering economic growth and development while ensuring that natural assets continue to provide the resources and environmental services on which our well-being relies
Budget did not specify major incentives to scale-up battery manufacturing capacities or rapid adoption of EVs
The Green Hydrogen Mission states that India will develop green hydrogen production capacity of at least 5 million tonnes (MT) per annum with an associated renewable energy capacity addition of about 125 gigawatts (GW) in the country by 2030.
