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States with already high debt are resorting to such populist measures, forcing them to borrow more to pay generating utilities, resulting in a debt tra
The sector has seen investments of Rs 20 lakh crore in the last nine years, the Minister for Power, New and Renewable Energy was quoted as saying in a release by the power ministry.
The Minister said that, sans any bias, he believes electricity is the most important infrastructure and is a sine qua non for development. From 4.5 percent in 2014, the power shortage now stands at just 0.1 to 0.2 percent, he added.
The Moneycontrol Policy Next summit on January 18 will explore what more can be done at the policy level to achieve the country’s vision of a ‘$10 trillion economy,’ with leading voices across fields putting forth their opinions.
Inaugurating the Indian Electrical and Electronics Manufacturers' Association's (IEEMA) flagship event BID 2024 here, the power minister said the central government has a huge ambition in terms of energy transition and plans to have 500 GW of non-fossil-based electricity installed capacity by 2030.
The minister said 27,180 MW of thermal capacity is under construction, another 12,000 MW has been bid out and 19,000 MW is under clearance. The total anticipated thermal capacity addition by 2031-2032 will be 87,910 MW.
The peak demand has gone up from 1,35,918 MW in 2013-14 to 2,43,271 MW in September 2023. This is a rise of almost 79 per cent and the demand has been met, the minister for power said on December 22.
The power consumption in the country was 1,010.20 BU in April-November 2022-23, higher than 916.52 BU recorded in the same period of 2021-22.
Singh presided over a review meeting on thermal power capacity addition in the country where independent power producers and state-owned generators NTPC, SJVN, NHPC, DVC, THDCIL, and NLCIL participated virtually and in physical mode on November 21.
Gupta said a decision to this effect was taken by the Karnataka Power Corporation Limited (KPCL). Accordingly, a work order has been issued but supply is yet to start.
SJVN Chairman & Managing Director Nand Lal Sharma said in a statement that the SJVN has successfully synchronised the first unit of the 60 MW (30MWx2) Naitwar Mori Hydro Electric Project (NMHEP) with the National Grid. x
Addressing an inauguration of a power pavilion set up by Ministry of Power at the ongoing India International Trade Fair 2023 here, he said it is the developed countries who need to cut down their emissions first.
EESL, a joint venture of public sector undertakings under Ministry of Power, launched its National Efficient Cooking Programme (NECP) and Energy Efficient Fans Programme (EEFP) on November 2, a statement said.
Without these, the net zero target is going to remain only a goal, Singh, who is the president of the International Solar Alliance (ISA), said.
Addressing a CII conference, Singh said that India has around 25 GW of thermal capacity under construction and another 25 GW is planned.
The coal stock situation is “manageable”, as of now, data accessed by Moneycontrol shows. Of the 165 domestic coal-based thermal power plants in the country, 32 had critical stocks. Last year at this time, the number of such plants was around 96.
As on date, about 40 percent distribution transformer metering has been done and for feeder lines, the status is a bit better at about 80 percent, Singh said. He added that the government is also modernising its feeder monitoring system.
Besides, the Central Electricity Regulatory Commission (CERC) has also slashed the price ceiling for the high price day ahead market (HP-DAM) from Rs 50/kWh to Rs 20 per unit, the latest CERC order accessed by Moneycontrol showed. Both the revised price caps came into effect from April 4.
R K Singh stated that with the rise in electricity demand, the increase in supply of coal to power plants is not commensurate with the domestic coal requirement.
Union ministers who participated in the World Economic Forum’s annual meeting spoke about the government’s thrust on infrastructure building, power reforms, social security, climate change agenda, health and reducing gender discrimination in jobs
As one of the world's biggest greenhouse gas emitters, India is betting on green hydrogen to help cut its emissions, and enable it to reach its target of achieving net-zero carbon emissions by 2070.
The minster also told the House that out of 5.86 GW (gigawatt) non-operational plants, one plant namely Bela Thermal Power Station (270 MW) was revived on October 2, 2022.
Union power minister RK Singh said India is contributing only 3.5 percent to the global emission despite having about 17 percent of world population and India is leading the clean energy transition globally and has the fastest growth of RE capacity addition.
Power Minister RK Singh also talked about phasing out low-efficiency solar PV manufacturing, a PLI scheme for grid-scale energy storage systems and a policy to allow setting up of independent storage spaces which can be used by states to bank their excess renewable energy for later use.
Power Minister RK Singh said the bill would be discussed in detail by the parliamentary standing committee.
