The Atomic Energy Act and the Civil Liability for Nuclear Damage Act will be amended to realise goal of at least 100 GW of nuclear energy by 2047, Nirmala Sitharaman has said
Under cleantech manufacturing, equipment such as solar PV cells, EV batteries, motors and controllers, electrolysers and grid-scale batteries will be promoted, the minister has said
It stated that coal has an important role to play in India’s sustainable development as relying primarily on renewable energy will make electricity unaffordable for the masses.
However, the economic survey stated that the addition of transmission lines was affected by the heavy monsoon conditions that hampered work.
CEOs hope that Union Finance Minister Nirmala Sitharaman will bring back the 15 percent corporate tax concession for new manufacturing units, including power plants. They also expect better incentives for domestic manufacturing and an extension of the waiver on Inter-State Transmission System (ISTS) charges for renewable projects.
As India’s energy demand is expected to double by 2032, the Union minister highlighted the need of even higher RE financing to meet 50 percent of the expected rise in demand through renewable energy.
JSW Energy posted a profit of Rs 231 crore in the corresponding quarter of last financial year
While the push for the Green Energy Corridors is likely to continue, industry leaders said the government must focus on incentive schemes to promote domestic manufacturing of transmission equipment and extend the waiver on transmission charges for the renewable sector.
Hydro power generation lagged in recent years amid muted capacity additions
NTPC plans to expand Lara project’s capacity by another 1,600 MW, taking the total to 4,800 MW, making it the biggest thermal plant in India
India is aiming to reach 500 gigawatts of clean power capacity by 2030 and affordable storage solutions for intermittent sources like solar and wind are crucial in a country that still gets nearly three-quarters of its electricity from coal.
The budget for the new and renewable energy sector is expected to go up to Rs 30,000 crore, with the PM Surya Ghar scheme getting the biggest share to meet the target of 50 lakh rooftop solar installations by March 2026
In an exclusive interview with Moneycontrol, Paithankar emphasised that if mass skilling doesn’t begin now, India could be looking at a workforce crunch in this sunrise industry
Budget 2025 should focus on expediting PPA signings, enhancing supply chain resilience, advancing technology adoption, and strengthening financial markets to accelerate renewable energy growth. Incentives for CCUS, energy storage, and R&D will drive India’s clean energy transition
India can become self-reliant in cell manufacturing if lithium remains in the country through recycling and is reused in batteries, Vijay Mittal, joint secretary, ministry of heavy industries, has said
On Chaudhary's budget wish list are an amended law governing special economic zones and a focus on the renewable manufacturing sector.
The RE capacity addition progress is encouraging, but not enough to meet the 2030 target
Coal accounts for about three-quarters of India’s power generation and its demand is seen to be rising despite the country’s renewables plans.
Goyal said reliable power would increasingly become a necessity with data centres coming up globally. Meanwhile, G20 Sherpa Amitabh Kant said India must radically shift towards cutting-edge technology to become 'atmanirbhar' and curb imports.
Since Delhi’s contest is going to be a triangular one, both BJP and Congress have gone beyond what AAP is offering and have upped their power subsidy promises.
Kapoor also said that the company has revamped its accounting system, and had the new regime been applied, the losses of previous years would have actually been bumper profits.
The Union government's move is a step toward India’s plan of increasing its nuclear power capacity from the current 8,180 MW to 22,480 MW by 2031-32 and eventually 100 GW by 2047.
In 2024, RE capacity addition picked up pace, but the target of 500 GW of non-fossil fuel energy by 2030 still looks daunting
India continues to rely on coal fired power to meet its energy demand because renewable power is mired with intermittency in the absence of energy storage facilities
If the industry maintains the current pace of capacity additions, then India can comfortably exceed previous annual highs in renewable energy project installations.