Fitch Ratings: Price volatility, infra constraints challenge India's target of expanding natural gas' energy share
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.
Why investors should not get excited about PTC India’s ownership change
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
Anticipating another coal crisis, power ministry asks all gencos to import 6% of their coal requirement
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.
Mandate for imported coal-based thermal power plants to operate under Section 11 of Electricity Act no longer in effect: Ministry sources
The power ministry has started active consultations with generators and discoms to review the power demand and work a way out. However, the government is clear that if the need arises, the order may be re-issued.
Coal-based power generation rises 15% in December : Official data
The electricity generation through hydroelectric power last month increased by 5.94 per cent to 9,132 MU, over 8,620 MU in the year-ago period.
Discoms' outstanding dues to gencos nearly halved to Rs 62,681 crore in January
In January 2022, the total outstanding dues of discoms stood at Rs 1,21,030 crore, which included the total overdue amount of Rs 1,01,357 crore.
JSPL to invest Rs 1,500 crore to make Monnet Power project operational: MD Bimlendra Jha
The investment will be made over the period of the next 12 to 18 months, he said.
Green Hydrogen Mission | Sustainable financing gap of $152 billion needs to be addressed: Experts
To produce 5 MMT of green hydrogen annually, India would need 50 billion litres of deionised water and 150 billion litres of raw water. It would also require 5 lakh acres of renewable energy land
Tata Power: Arguments at CERC show long-term solution for Mundra plant remains elusive
States are reluctant to pay higher charges. Some discoms against changing the terms of the initial power purchase agreements
Govt to waive off import duty on electrolysers to give initial push to green hydrogen: RK Singh
MNRE secretary BS Bhalla told Moneycontrol that no green hydrogen consumption mandates have been decided as of now. But he said the mission permits a mandate if decided in the future.
NTPC crosses 300 billion units electricity generation mark in FY23
The company achieved the 300 BU accomplishment a month before it had crossed the same mark in FY22
India’s Green Hydrogen Mission: These companies have committed to transition
Even as details of how these incentives will be rolled out are yet to be announced, a host of private sector conglomerates have already made pitches to go big on green hydrogen.
CCEA approves Rs 2,614.51-crore hydropower project in Himachal
The central government has been prioritising the development of hydro projects to meet the growing demand for electricity and to offset the seasonality of wind and solar power. Hydro power is also the biggest source of income for Himachal Pradesh since it has five major rivers. It provides electricity to other states as well
Budget 2023: Power sector’s Revamped Distribution Sector Scheme may get a boost
The Smart Meter National Programme to gain momentum in FY2023-24 with a number of companies getting into the smart metering business. The programme had sluggish growth in the last two years due to the COVID-19 pandemic and the global shortage of chips and semiconductors
Power plants using imported coal to be compensated for supply in times of crisis: CERC
The order is also beneficial for the CGPL Mundra Plant as it can now recover the full cost incurred for supplying power in terms of the MoP Section 11 directions, Tata Power said in a statement after the CERC order.
Maharashtra power firm unions' three-day strike begins; MESMA Imposed
The Maharashtra Rajya Karmachari, Adhikari, and Abhiyanta Sangharsh Samiti have called the strike. Reportedly, Panvel and Belapur areas around Mumbai are witnessing power cuts
How is biomass co-firing progressing?
NTPC starts India's first green hydrogen blending project
The project is a joint effort of NTPC and Gujarat Gas Ltd (GGL).
Maharashtra power sector employees to go on three-day strike over privatisation of distribution
Legally, the provision to have multiple discoms exists in the Electricity Act 2003. The same has also been reiterated in the Electricity Amendment Bill 2022, which the Union government on August 8, 2022 referred to the Parliamentary Standing Committee on Energy after members of several opposition parties opposed its introduction in the Lok Sabha on the grounds that it violated the federal principles of the constitution
LNG has a key role in India's energy systems
Given the limitations on the supply of domestic natural gas and low share of renewables, imported LNG can support the transition from high carbon and the low carbon systems
Thermal sector recovery to continue in 2023 despite clean energy thrust
A steady increase in demand is likely to result in thermal power sector utilisation levels rising in 2023 as well
NuPower Renewables: What’s up with this company at the centre of Kochhar-Dhoot loan scam?
The company is operational, but could fold up any time. Its liquidity position is precarious. CareEdge Ratings has given a ‘D’ rating to its long-term bank facilities, indicating it is in default or is expected to be in default soon.
NTPC power generation rises nearly 12% to 295 billion units in April-December 2022
State-owned energy giant NTPC's power generation grew 11.6 percent year-on-year to 295.4 billion units (BU) in April-December this fiscal
Business trends, risks and people to watch in 2023
What to look for this year in the corporate world in sectors from energy to private capital and technology
