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Pralhad Joshi, Union minister for coal, said that coal ministry will increase its production and the railways ministry is likely to increase the number of rakes provided to the power sector by about 7% to meet the surge in power demand
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The growth in power demand and global geo-political challenges resulted in an unprecedented increase in national power purchase costs of 71 paise per unit in FY23, as compared to the marginal increase of 4 paise / kWh in FY22 v/s FY21, the report of the Ministry of Power stated.
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Thermal power generation grew by a strong pace for the third consecutive year
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The government will soon start a pan-India survey to assess the final potential of solar panel installations in both state and central government buildings.
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By March-end, coal stocks solely at thermal power plants will be increased to 45 MT from the current 43 MT, the Union minister for coal said.
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The energy charges for 101-300 units category have been increased to Rs 5.36 per kWh from Rs 5.05. For 301-500 category, it has risen to Rs 11.62 kWh from Rs 9.20.
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The targets under the plan include ensuring mechanized loading/handling and evacuation of 90 percent of coal produced through first mile connectivity (FMC) by FY30.
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The Ministry has sought feedback until March 20, 2024.
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On March 4, Central Electricity Authority chairperson Ghanshyam Prasad said India's peak power demand this year could even hit the 260 GW mark.
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The solar photovoltaic power costs declined by 23 percent in 2023 amid abundant supplies
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The Government of India, through NVVN, has come up with the crunch or high-demand period scheme since last year to harness gas-based power generation (GBPG) so as to overcome the country’s rising power demand.
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Households will be able to access collateral-free low-interest loan products of around 7 percent at present for installation of residential rooftop solar (RTS) systems up to 3 kW
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Through the policy, the government aims to shift from traditional road-based coal evacuation system to railway-based systems in FMC projects. It also talks about using waterways for coal transportation.
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The MNRE clarified that residential rooftop solar applications submitted before February 13, 2024 will not be eligible for the Central Financial Assistance (CFA) under the new scheme - PM Surya Ghar: Muft Bijli Yojana. They will be eligible for subsidies under the old regime.
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As per IEA, India is estimated to add additional electricity demand equivalent to the current consumption of the United Kingdom over the next three years
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While fresh power capacity addition is essential, close monitoring and efficient execution of projects under implementation are a must to help in a just energy transition
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For the current financial year (2023-24), Prasad said Coal India may miss the production target of 780 MT (FY24) by about 10 MT. Besides. of the 780 MT, Coal India is supplying more than the targeted 610 MT to the power sector in FY24.
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India is stepping up coal-fired generation capacity as peak electricity demand is likely to touch 256.5 GW in 2024 from a record 240 GW in 2023.
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Consumers in co-operative group housing societies, multi-storied buildings, residential colonies can now choose on individual connections for everyone or a single-point connection for the whole premises
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PGCIL is likely to place all orders for the project by March 2025 and it is likely to be a reality by FY2030
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This comes days after the CERC on February 6 ordered for a shadow pilot on market coupling of India's power exchanges.
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Available land near coal mines under the Ministry of Coal can be offered at competitive and concessional price for setting up coal gasification units, M Nagaraju, additional secretary and nominated authority, Ministry of coal said
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The online bids were decrypted and opened electronically in the presence of the bidders on February 20
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Of the six bid winners, Juniper Green Energy Private Limited topped the list by securing 150 MW at the opening tariff rate of Rs 3.43 kWh.
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The short term electricity trade business is less profitable than medium term and long term contracts
