Coal still meets about two thirds of India’s electricity demand, and the government announced plans to add nearly 90 gigawatts of additional capacity through 2032
Margins in coal and regulated businesses slipped on lower incentives while renewable margins improved on better PLF and cost control.
Praveer Sinha, CEO of Tata Power, also said the company plans to double its rooftop solar business from the current 25,000 installations per month to 50,000 by the end of FY26.
The central government is toying with the idea of scaling up 'pink hydrogen'—hydrogen produced through nuclear power—in industries as part of its long-term plan for India to achieve net zero emissions by 2070.
The government is focusing on pumped storage projects (PSPs) as a long-term solution for storing electricity since the use of batteries for longer hours remains unaffordable
The government is looking at models like IN-SPACe and the Bio-RIDE in the space and biotech sectors to involve private participation in nuclear power, Singh told Moneycontrol.
What demand-side measures are needed to improve the availability of power during peak demand periods?
The report also calls for updating AC test procedures to better reflect India's humid climate, where comfort depends not just on cooling but on moisture removal.
Coal stocks at domestic thermal power plants (TPPs) – a key indicator proportionate to India’s potential to generate electricity - is currently at a historic high of 54 million tonne (MT), according to Power Ministry.
If India manages only 400 GW of non-fossil capacity by 2030, it could face power shortage and need additional 10-16 GW of coal capacity, the Council on Energy, Environment and Water study has said
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
Power generated through gas-based stations is priced around Rs 13-14 per unit, much higher than what renewable or coal-fired power costs. Aside of that, the difficulty in procuring gas is another reason for Centre to throttle down gas-based power.
This will be the first time in more than three years when the government will not impose such a mandate on domestic coal based power plants. The coal ministry has enough stock for power plants
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).
"In India, we project total revenue, including joint venture to increase 10% in 2024, primarily driven by stronger power generation demand," said Cummins Inc chairman and CEO, Jennifer Rumsey.
On Chaudhary's budget wish list are an amended law governing special economic zones and a focus on the renewable manufacturing sector.
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
So far, 96 coal mines have been auctioned for commercial operations by the government. Out of these allocated 96 blocks, 12 blocks have got 'mine opening permission' and nine have started actual coal production, while the rest are under construction.
Power generation saw an 8.3 percent year-on-year (YoY) increase in July, driven by robust power demand
India’s natural gas consumption climbed by seven percent year on year to 5,594 MMSCM (million metric standard cubic metre) in June amid higher demand for the cold fuel in summer months.
“Electricity demand won’t be as high as it was in May and June, which is the prime driver of higher LNG imports,” said Ayush Agarwal, LNG analyst at S&P Global Commodity Insights.
ICRA's outlook for the thermal power segment is "Stable", following the improvement in the thermal plant load factor (PLF) and healthy demand growth, thereby improving visibility on signing of new power purchase agreements (PPAs), an ICRA statement said.
On May 30, the northern region achieved record demand met, reaching an all-time high of 86.7 GW while the western region also touched its maximum demand met of 74.8 GW
The ongoing summer season's previous highest demand of 239.96 GW was recorded on May 24 this year.