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The two leaders discussed plans to increase the nuclear power capacity to 49 GW by 2037, scale it up to 67 GW by 2042 and reach the 100 GW target set by Prime Minister Narendra Modi by 2047.
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Minister of Power Manohar Lal Khattar said National Electricity Plan 2023 to 2032 for central and state transmission systems has been finalised and is aimed at meeting a peak demand of 458 GW by 2032
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To address the surge in demand and ensure sufficient power supply nationwide, the Ministry of Power has introduced a series of measures to meet the unprecedented peak demand of 250 GW during the ongoing summer season.
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Former Haryana chief minister and Bhartiya Janata Party candidate Manohar Lal Khattar won from the Karnal constituency in the Lok Sabha elections
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While, 28.8 GW power capacity added during March 2022 to December 2023 and the total installed electricity capacity of the nation stands at 428 GW, he said.
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The renewables sector has been a key priority for the government to meet India’s growing energy needs while keeping climate considerations in mind
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The problem is that sufficient quantity of biomass pellet is not available in the country as of now, Union minister for power and renewable energy RK Singh said on August 4.
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Improper and non-transparent accounting, as well as non-payment or delayed payment of subsidy, is one of the reasons for the financial distress of discoms, the power ministry said.
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In the present scenario, buyers and sellers at each exchange do trading of electricity and discover spot price separately at these exchanges. After coupling of exchanges, the price discovery would be uniform.
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Market coupling is a must to bring a Market-Based Economic Dispatch (MBED) mechanism in India, which in turn will help in the reduction of power tariffs as it will increase flexibility and liquidity in the trade of electricity in the country.
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IEX Chairman and Managing Director SN Goel, in an exclusive conversation with CNBC-TV18, speaks on the impact of market coupling, saying it can kill innovation and competition in the sector. Edited excerpts:
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"...this will be something like couple BSE and NSE or Ola and Uber ... that doesn’t make a real business case and it will basically kill the competition in the sector,” explained IEX chief SN Goel.
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Highlighting the negligible use of this route, Coal Secretary A L Meena said currently 400 rakes of coal are transported daily for the power sector, of which only two are through the RSR route.
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The government wants to increase the share of the electricity market in India, senior officials told Moneycontrol. in 2022-23, the total traded volume in the Indian electricity market was 1,02,276 million units (MU), which is only a small portion of the energy generated from all sources (including RE) of 16,24,465 MU.
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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.
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The comments on the draft scheme would have to be submitted with the ministry by April 14, 2023, an office memorandum stated.
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However, the advisory was put in abeyance. Reacting to the directive, the Delhi government said the LG has once again violated the Constitution and the Supreme Court directives by ”illegally” extending his remit.
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For instance, expecting a surge in demand for coal by power plants during the summer, the railways has increased its coal transportation by 11.92 percent in terms of tonnage.
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This order (under Section 11 of the Electricity Act) shall remain valid for generation and supply of power from March 16, 2023 to June 15, 2023, stated a notice sent to 15 thermal plants that use imported coal.
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Keeping in view the immense utility of the PSPs in grid stabilisation as well as meeting the peaking power demand, a need for formulating separate guidelines to promote PSPs was felt to set the direction of its development, the minsitry said in the guidelines.
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One of the key indicators of financial distress of discoms is mounting power purchase dues towards the generation companies (gencos).
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"With the implementation of Electricity (LPS and Related Matters) Rules, 2022, remarkable improvement has been seen in recovery of outstanding dues of Suppliers including Generating Companies, Transmission Companies and Traders," a power ministry statement said.
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India is the only G-20 country in the Top 10 on the index, an independent monitoring tool for tracking the climate protection performance of 59 countries and the EU
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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.
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The report on “performance of power utilities 2020-21” released by union power minister RK Singh found that both billing efficiency and collection efficiency decreased in the last financial year, resulting in a further increase in the national average AT&C loss.
