Union minister for coal and mines G Kishan Reddy said the ministry is also working on the plans for smooth supply and transportation of coal. Between April and November 2024, coal imports declined by 5.35 percent, saving approximately $3.91 billion (Rs 30,007.26 crore). Notably, coal imports for domestic power plant blending fell by 23.56 percent, he said.
The repo rate cut is expected to boost India’s power demand, besides making it easier for power companies to finance new renewable energy projects. It could also mean improved financial health of distribution companies (discoms).
Sinha said the Union Budget for FY26 aims to achieve high-impact growth while keeping the fiscal deficit within the 4.4 percent target, ensuring macroeconomic stability
Sinha said the push for nuclear energy and the increased outlay for PM Surya Ghar in the budget have come at the right time in India’s energy transition journey. When asked about the impact of the policies of the new government in the US, he said India’s energy transition will continue despite global uncertainties, driven by strong power demand.
The Q3 consolidated revenue of the Tata Group company increased by 3 percent to Rs 15,793 crore
"Depending on whichever way the US policies shape up, we will be in a good position. We can send modules from India to the US, or we can manufacture modules in the US. We can turn the knob based on how the policy landscape evolves," says Paithankar.
For a country of its size and electricity needs, India has abysmally low nuclear power generation capacity
The National Green Hydrogen Mission received Rs 600 crore, double of Rs 300 crore (RE) in FY25
The PM-KUSUM scheme, an initiative to solarise agriculture in India, got Rs 2,600 crore for FY26 against Rs 2,525 crore (RE) in FY25
Moneycontrol wrote on January 22 that the Budget will increase the allocation for the PM Surya Ghar scheme to ensure its faster implementation to meet renewable energy targets
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