The share of renewable energy sources such as wind, solar and hybrid in the total energy generation on May 30 was 9.03 percent.
The total fund requirement for the period 2022-2027 is estimated to be Rs. 14,54,188 crore and for 2027-2032 it is likely to be Rs. 19,06,406 crore.
The NEP indicates that coal will remain important in ensuring India's energy security and energy transition, while keeping tariffs affordable, as battery storage systems remain expensive. However, the growth of renewable energy is going to be steeper than coal till 2032.
The share of renewable energy sources such as wind, solar and hybrid in the total energy generation on May 29 was 9.86 percent
Bharat L Newalkar, Chief General Manager (R&D), BPCL said the cost of an alkaline electrolyser is currently around $800 per kW.
Chairman Arun Kumar Singh said that ONGC wants to focus on round-the-clock renewable energy projects and the company’s research centre is working on such solutions
On May 23, India met a peak power demand of 221.34 GW, which is the highest so far.
Experts suggest that government must scale up tendering activity for RE projects along with timely signing of PPAs, easing of execution challenges mainly related to land, augmenting transmission infrastructure, and development of domestic manufacturing ecosystem for renewable OEMs.
Of the 165 domestic coal-based thermal power plants in the country, only 28 had critical stocks as on May 25.
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.
The share of coal-fired power plants in meeting the demand was 71 percent.
In the wind energy sector, most of the manufacturers are actually exporting all their products. I'll do away with the LMM for wind energy if this continues, said Union minister for power and renewable energy RK Singh.
On February 15, the government issued an order stating that if any renewable energy project is not commissioned by the prescribed date of completion, then the developer will be blacklisted for a period of three to five years after asking him/her to show cause.
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 government also extended the scheme to offer a waiver of surcharge for electricity generated through offshore wind by seven years - from 2025 to 2032.
Out of the 165 domestic coal-based thermal power plants in the country, only 30 had critical coal stocks as of May 23.
The country’s coal stock situation continues to be “manageable” as of now, according to the data.
This comes more than a month after Malaysia's Petroliam Nasional Berhad (Petronas) withdrew its offer for a 20 percent stake in NTPC Green Energy Ltd.
India’s share in global reserve of critical minerals such as cobalt, nickel, and graphite are low, the article stated
Of the 165 domestic coal-based thermal power plants in the country, 31 had critical coal stocks as of May 21.
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.
The Power Ministry expects the peak demand to touch 230 GW this summer
The MoU is a step for decarbonising HMEL's Guru Gobind Singh Refinery (GGSR) .
The CMD stated that in FY 2022-23, no new non-performing assets (NPAs) were added to the REC’s portfolios.