Power

Budget 2023: Measures short-circuit energy transition excitement

Budget did not specify major incentives to scale-up battery manufacturing capacities or rapid adoption of EVs

Budget 2023: FM lauds Rs 19,700-cr Green Hydrogen Mission as part of India's climate commitment

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.

Need to plug the pain points in power play 

Collective effort is needed to ensure a seamless transition towards an economically viable and environmentally sustainable power sector 

Budget 2023: Government should lead efforts in creating real-time electricity pricing  

Meeting demand during peak hours will be expensive. Focus should shift to demand side management  

NTPC Q3 net profit up 5% at Rs 4,854 crore; interim dividend of Rs 4.25 per share declared

The state-owned power giant also reported a significant jump in its total income, which rose to Rs 44,989.21 crore in Q3 FY23 from Rs 33,783.62 crore in the year-ago period.

Net zero and the energy transition are impossible without carbon removal

With the right approach to technologies; the right policies, renewables and carbon removal projects we can perhaps, one day, reach beyond net zero

Energy storage business is going to be phenomenal, we are excited about it: JSW Energy’s Jain

We are working to have a capacity of 1,000-2,000 MW of hydroelectric power in various states in due course.

Budget 2023: Focus will remain on sustainable allocations to power growth

The FM is likely to focus on the 4Is of infrastructure, investment, innovation and inclusive growth to take the economy to greater heights

Budget 2023 should give priority to the development of green energy  

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

Budget 2023: What to expect on energy storage, transmission and distribution in RE sector

With a growing share of renewables in the energy generation mix, a robust energy storage system is critical for grid stability

India aiming at capturing 10% of global green hydrogen market: Govt

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.

New oil reality bites for Kremlin

Energy boom boosted Putin in 2022 but price cap and falling cost of crude worries policymakers

Right energisers in Budget 2023 can charge up green capex  

Energy transition is a huge investment opportunity if the government can provide the appropriate incentives 

Cost of electricity on power exchanges hits upper circuit for record length of time

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.

Davos 2023: Joshimath issue is the land, no concerns on hydropower projects: Union power minister

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.

Davos 2023: Discoms to clear bulk of dues by FY24, says Power Minister RK Singh

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.

Budget 2023: Power sector proposes push for clean energy storage, transmission

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).

Davos 2023: Looking at ReNew Power more for decarbonising now rather than for making clean electricity, MD Sumant Sinha says

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.

Green Hydrogen: What it will take for India to become an energy exporter

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

First revision in performance bank guarantee upon grant of coal mine opening permission: Govt

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.

Green hydrogen: Why low-carbon fuels are not benefiting from high fossil fuel prices

Blue hydrogen's main source is methane, a powerful greenhouse gas that is notorious for escaping drilling wells and pipelines.

India’s annual green hydrogen production can go up to 10 MMT: Govt

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.

The Green Pivot: India needs a dual market strategy to exploit sustainability sector opportunity

With the green market size still in its infancy in India, companies must also look abroad to attain viable size

Govt revamps auction norms, bans reverse bidding for wind energy projects

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