The government expects Rs 6.67 lakh crore investment in thermal power by FY32 as firms rush to meet rising demand.
The company unveiled 'Strategy 3.0' targeting 30 GW of generation capacity by 2030 along with 40 GWh of energy storage, up from the previous goal of 20 GW generation capacity.
Tata AutoComp Systems will manufacture batteries and provide them to Tata Power, which will execute all renewable energy power projects with battery energy storage systems, Tata Power CEO and MD Praveer Sinha told Moneycontrol.
The revised policy will offer an opportunity to a number of private companies who have won commercial and captive coal mines in the government's auctions to set up thermal power plants in the future.
In FY25, the company awarded works totalling 8 GW of thermal capacity and it plans to award a similar quantum in FY26. A senior NTPC executive said thermal power plants are in a good position this year to meet the summer demand as coal stocks are adequate.
The plant load factor of thermal power plants rose to about 73 percent in February 2025
The official document noted that India will need to implement innovative strategies and robust implementation plans to confront both the challenges posed by climate change and the need for sustainable development to take centre stage.
The government’s renewed focus on setting up thermal power projects and a surge in demand for coal-fuelled power generation have revived the fortunes of BHEL the country's largest power equipment manufacturer.
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
India is making rapid strides in renewable energy, but coal will continue to dominate for quite a few decades
The simplification would benefit the power plants which prefer to lift higher quantities of coal beyond their stipulated ACQ.
With regards to TPP end stock, 45 MT of coal was available as on May 15, which is 29 percent higher compared to stock of 34.83 MT as on corresponding date of last year. The major coal producing PSU Coal India Limited has pithead stock of 85 MT which is 30 percent higher compared to last year, according to official data.
Thermal power generation grew by about 9 percent for the fourth consecutive month in April 2024
There is no immediate escape from coal for India and many other countries, both developing and developed
THDC India Ltd (THDCIL) is setting up a 1,320 megawatt (2X660 MW) Super Thermal Power Project (STPP) at Bulandshahr district in Uttar Pradesh (UP), the official said in reply to a query about the company's plans of setting up coal-based capacities.
Along with the government’s pledge to double coal production within the next four years, these developments make it clear that, despite recent progress toward increasing India’s renewable energy capacity, the country has no intentions of phasing coal down or out, the report stated.
Moneycontrol on March 22 was the first to report that the Union government is pushing power generation companies (gencos) to buy gas and scale up electricity generation from stranded or underutilised gas-based power units.
Coal power plants have fuel inventories equivalent to 17 days of consumption versus 12 days in the year ago period
Overall, the government is looking to tap capacity of 16,200 MW, of which 10,000 MW is the biggest challenge as they are owned by private entities and state governments. The remaining 6,200 MW are Central government-run plants, which are already operating up to 3,200 MW currently.
Railways is also likely to increase its rakes to the power sector by about seven percent, but if the power demand continues to surge at a CAGR of 8-10 percent or more, then even an increase in coal production will not help due to logistical constraints. Besides, rising night-time peak demand remains a major concern in the absence of renewable energy with storage.
Of the Rs 56,000 crore worth of projects, Rs 30,000 crore are projects of state-run power generation company NTPC Ltd.
The Government of India, through NVVN, has come up with the crunch or high-demand period scheme since last year to harness gas-based power generation (GBPG) so as to overcome the country’s rising power demand.
Power sector has emerged back again in a big way in the past three months or so. Hence, the inquiry pipeline relating to thermal power, both utility side and for captive projects, has gone up, said Bhandari
At present, under Section 11, full quantum of the power from Mundra is being procured by the procurers, Praveer Sinha said.
Utilisation levels in January 2024 surpassed 2023 highs indicating demand uptick