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The GST council will also look at reducing the tax on solar panels and windmill components from 12% to 5%
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Operating thermal power plants at low capacity to allow higher injection of renewable energy into the grid during the day is expensive and leads to higher per unit cost of coal-fired electricity
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The overhaul of India's nuclear laws to bring in private participation also raises questions over accountability for the imported reactors that would be supplied by a foreign technology or design partner.
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Justifying its reversal of the mandate, the environment ministry said current exposure levels provide no credible evidence to suggest that sulphur dioxide (SO₂), under prevailing ambient conditions, is a major public health concern.
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The expert appraisal committee (EAC) of the environment ministry, however, rejected projects of NTPC Ltd, Jindal Power and JSW Energy.
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The imports will be of natural uranium (uranium ore concentrate) and not enriched uranium as India's indigenous Pressurized Heavy Water Reactors can operate with even about 0.7 percent U-235, government officials told Moneycontrol.
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The government is also planning to set up one nuclear power plant in every state that does not fall under the Seismic Zone 5 and may consider the 'fleet mode' in order to ramp up capacity addition.
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NTPC’s new fuel sourcing strategy is a shift to a more market-driven approach and could be emulated by state and private companies to mitigate risks of supply chain disruptions
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In FY25, the company awarded works totalling 8 GW of thermal capacity and it plans to award a similar quantum in FY26. A senior NTPC executive said thermal power plants are in a good position this year to meet the summer demand as coal stocks are adequate.
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The appointments will come at a time when India is pulling out all the stops to meet its growing power demand with focus on renewable and nuclear energy
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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
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NTPC Green Energy's proposed Rs 10,000-crore IPO will be entirely fresh equity issue. The proceeds will be used to fund NTPC Green Energy’s ongoing and future projects, including solar energy, green hydrogen, and green ammonia.
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The IPO proceeds will be used by the company to fund ongoing and future solar energy, green hydrogen and green ammonia capex plans.
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On March 14, Moneycontrol was the first to report that the Union government is planning to bring in concentrated solar power systems for large renewable energy parks or farms.
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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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Moneycontrol was the first to break the news on January 29 about PM Modi's plan to launch projects worth nearly Rs 69,000 crore in Odisha in February, of which at least Rs 58,000 crore will be for coal and power projects alone.
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The revenue from operations in the December 2023 quarter was Rs 42,820.38 crore, down 4 percent from Rs 44,601.84 crore reported in the corresponding quarter of the previous fiscal year.
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PSPs require a high capital expenditure, but in the long run, they are cost and space-effective since they have a much longer life than battery energy storage systems (BESS) and do not require mining of critical minerals, which currently is mostly imported in India.
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NTPC RE Ltd, a subsidiary of NTPC, will undertake a study to get a consolidated view of the future power market landscape, identify factors likely to impact the prices and simulate plausible trajectories of merchant price evolution for the next 20 years
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With these statements, India is only strengthening its stand of not phasing out fossil fuels to ensure energy security, while also keeping electricity affordable.
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The states identified for such projects include Gujarat, Himachal Pradesh, Meghalaya, Chhattisgarh, Uttar Pradesh, Maharashtra, Andhra Pradesh, Tamil Nadu and Karnataka
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During the quarter, the company recorded gross power generation of 90.302 billion units (BU), 5.63 percent higher than 85.487 BUs in the same period a year ago
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A number of states are following the central government in offering incentives on the production of green hydrogen and green ammonia. Moneycontrol looks at some of these state government incentives, which will be available along with what the centre offers.
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Battery energy storage systems will be able to store excess RE power for use during the night peak hours. With the VGF, the government is hoping to reduce the cost of battery storage, needed for round-the-clock renewable energy, from the current Rs 10 per kilowatt-hour (kWh) to Rs 5.50-6.6 kWh by 2030-31.
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The Union minister confirmed Moneycontrol's newsbreak on the government's plan to use green ammonia and green hydrogen as energy storage systems
