Power

June 09, 2023 07:26 PM IST

PowerWatch: India clocks highest ever peak power demand on June 8

The demand which could not be met, also knows as the peak demand deficit, stood at 548 megawatts (MW) on June 8

Pumped storage projects get fast-track approval from Central Electricity Authority

At least 39 PSPs totaling 47 GW are being pursued for commissioning by the years 2029–2030.

PowerWatch | India's power demand surges to 214 GW amid hot weather

The country's power demand is likely to remain above 200 GW in the June owing to delayed monsoon.

Rajasthan’s free power offer set to worsen its stressed fiscal position

The western state’s finances are among the most under strain in the country.

NTPC: Plugging into a new circuit of growth

The power generator is riding on the back of stable earnings and better demand along with its increasing footprint in the renewable space

Cash-hungry Adani utility shows funding urgency to power India

Few parts of Adani’s empire underscore the urgency of that funding for the billionaire — and also for the government of Indian Prime Minister Narendra Modi — better than Adani Transmission Ltd.

Lex: The staggering cost of a green hydrogen economy

The clean energy source is generating buzz as an alternative to fossil fuels. The FT calculates that delivering it requires $20tn of investment by 2050

Power minister aims to clear legacy dues, criticises politicization of electricity

When somebody says that power is free, it means that you pay more taxes because ultimately it is the taxpayer who is bearing the brunt of the free power, the Union minister for power said.

Developed nations impede green hydrogen and energy transition for developing countries: Power Min

MC Exclusive | JSW Energy to set up 3,800-tonne green hydrogen plant in Karnataka, sign 7-year supply deal with JSW Steel

The company intends to spend Rs 85,000 crore in the next seven years under its recently unveiled ‘Strategy 2.0’ initiative, wherein it aims to increase its generation capacity to 20 GW and energy storage of 40 GWh/5GW by 2030.

The EU learns some hard energy lessons

While the EU will make disapproving noises about Indian refiners buying Russian oil and exporting the refined products to EU, it is unlikely to do anything more, simply because it benefits from the arrangement

PowerWatch: Peak power demand on May 23 breaches previous high

Out of the 165 domestic coal-based thermal power plants in the country, only 30 had critical coal stocks as of May 23.

PowerWatch | India's power demand soars to record high, exceeding previous peaks

The country’s coal stock situation continues to be “manageable” as of now, according to the data.

MC Exclusive | PFC-REC merger no longer an option: REC CMD

In the last five quarters, REC has not added any NPA. Its gross NPA has fallen from 4.5% to 3.4% percent now, and its net NPA from 2.3% to 1.01%. REC plans to be a net NPA-zero company in the next two years.

PowerWatch | India's peak power demand hits record 220 GW amid intense heatwave

The average market clearing price on May 17 at the time of the record high peak demand was Rs 5.71 per unit. The power exchange was left with a surplus power of 2,807 MW during the peak demand which hit between 3-3:15 pm.

Chart of the Day: India's hydro pumped storage ambitions make slow progress

The current installed and under construction hydro pumped storage capacities constitute less than 40 percent of the 2030 requirements

Adani Power Q4 profit grows 13% to Rs 5,242 crore

The company's earnings before interest, taxes, depreciation and amortization (EBITDA) for FY23 was higher at Rs 14,312 crore against Rs 13,789 crore in FY22.

Govt amends power policy draft to halt new coal-fired capacity: Report

The draft, if approved by the federal cabinet chaired by Prime Minister Narendra Modi, would make China the only major economy open to fresh requests to add significant new coal-fired capacity.

PowerWatch | Lower than normal temperatures restrict India’s power demand to 173.2 GW

The coal stocks situation is “manageable”, as of now, data accessed by Moneycontrol shows. Of the 165 domestic coal-based thermal power plants in the country, 35 had critical stocks. About 33 million tonnes (MT) of coal are stocked at thermal power plants as on May 3.

NTPC registers 148% growth in coal production from captive mines

NTPC recorded a coal production of 23.2 million tonnes in FY23, witnessing a 65 percent growth against 14.02 million tonnes a year ago from its four operational coal mines -NTPC Pakri-Barwadih (Jharkhand), NTPC Chatti Bariatu (Jharkhand), NTPC Dulanga (Odisha) and NTPC Talaipalli (Chhattisgarh).

PowerWatch | India's peak power demand at 3-Year low amid cooler weather

When it comes to shortage in meeting the peak demand, the May 1 deficit was the lowest in at least a decade as the deficit in 2015 and 2014 was as high as 5,058 MW and 3,242 MW respectively.

India's power consumption dips to 130.57 billion units in April

The rains reduced the demand for electricity as people used fewer cooling appliances compared to the previous year, according to experts.

PowerWatch | India’s power demand may crawl back to 200+ GW in coming week

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.

PowerWatch | Renewables contribute 11% to meet India's current power demand; share of coal at 77%

As on April 26, the contribution of renewable energy sources (RES) such as solar, wind and biomass to meet the power demand was 11 percent, whereas, the share of coal-fired thermal power plants was 77 percent.

Govt revises merit order in power exchanges to maintain low costs

Under the revised mechanism, the merit order for power dispatch in the exchanges will be decided a day in advance instead of the he current 1.5 hours. The system will also include all thermal power generators, instead of just NTPC's thermal stations, which is currently the case.