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In a first in the country, Madhya Pradesh has achieved a milestone in renewable energy pricing with below Rs 3 per unit tariff for upcoming solar projects in Morena, Chief Minister Mohan Yadav said on Saturday. The state has awarded 600 MW and 880 MWh (dual cycle) units for commissioning after calling biddings. The winning bidders Ceigall India Ltd quoted a tariff of Rs 2.70 per unit and ACME Solar Holdings Limited quoted a tariff of Rs 2.764 per unit, he told PTI Videos. It would be the first Solar-Plus-Storage facility in India to ensure an annual availability of 95 per cent supply, Yadav said. Each unit will provide 220 MW of power, through solar panels during the day and batteries charged by solar energy in the evening peak hours, the CM added. In the morning, before panels are charged, the units will draw power from the same batteries recharged from cheaper night-time electricity from the grid. The tariff of Rs 2.70 per unit is the lowest so far in the country, an official ..
Chief Economic Advisor (CEA) V Anantha Nageswaran on Friday cautioned that India's path to sustainability and climate goals must not undermine its economic aspirations, stressing the very crucial and critical trade-offs in energy transition, fiscal stability, and banking soundness. Speaking at the Bengal Chamber AGM and Indo-Pacific Economic Conclave, he said India has been a standout performance among the G20 countries in mitigation, but achieving sustainability goals requires acknowledging difficult choices. For a country aspiring to become a developed economy by 2047, energy transition and dealing with climate change must not consign not just India but also other developing countries in the Indo-Pacific and Africa to a state of permanent underdevelopment, he said. Nageswaran pointed out that India's energy consumption will necessarily keep rising as our per capita incomes rise in the coming years. He termed the carbon budget allotted to developing nations arbitrary, saying it ..
The power ministry on Wednesday said it has done away with a uniform tariff mechanism and dissolved central pricing pools for renewable energy purchase pacts amid concerns over uncertainty on power tariffs. The move is expected to ease price discovery between renewable energy producers and users as well as deployment of renewable capacity in the country. In view of the substantial renewable energy capacity awaiting power sales agreement (PSA) signing and to expedite the deployment of RE, it has been decided to withdraw the order regarding the implementation of the Uniform Renewable Energy Tariff (URET) mechanism, the ministry said in a statement. Consequently, the Solar Power Central Pool and Solar-Wind Hybrid Central Pool shall stand dissolved, it said. Earlier, the ministry had ordered implementation of URET from February 15, 2024 for three years up to February 14, 2027. The URET mechanism and the associated central pools were notified to address the potential impact on procurer
Government officials and industry representatives from over 20 countries are expected to participate in the 11th edition of India Energy Storage Week (IESW) 2025, scheduled from July 8 to 10 in the capital. More than 150 key partners, exhibitors, and over 1,000 companies from Australia, Germany, France, the UK, Finland, Canada, the US, Israel, and South Korea are expected to participate in the IESW 2025 event at the Yashobhoomi Convention and Expo Centre in New Delhi, a statement said. India Energy Storage Week (IESW), hosted by India Energy Storage Alliance (IESA) has announced the participation of Ministries, Government Representatives, and Companies from over 20 Countries, it stated. IESW 2025 will also explore emerging and futuristic energy storage technologies, including VRFB, solid-state batteries, Lithium Sulphur, Sodium Ion and other technologies from across the globe. One of the distinguishing features of IESW 2025 is its spotlight on cutting-edge solutions. As a platfor
India should focus "very" closely on mobility electrification to secure its energy future, and oil import-dependent countries should incentivise electric vehicles, International Energy Agency (IEA) Executive Director Fatih Birol said on Monday. He also said the world faces serious risks from the growing concentration of critical minerals, and urged countries to diversify mining and processing to avoid supply disruptions that could impact the energy transition. Countries, which are importing oil, should consider giving incentives to electric cars in order to reduce the inbound shipments from different parts of the world, Birol added. "In the case of India, I believe India should look at the electrification of mobility very closely because currently we have low oil prices, but it is definitely at the mercy of some of the key oil producers, where the oil prices will go up. If India wants to have the upper hand in terms of the domestic oil trajectories, electric cars are one of the key
India and Denmark inked an initial pact on Friday to strengthen energy sector cooperation through renewed partnership, which supports the nation's target of achieving net-zero emissions by 2070. The agreement follows five years of successful collaboration under the original MoU, signed on June 5, 2020, and initially set to expire on June 5, 2025, a power ministry statement said. A proactive renewal ensures continuity in dialogue and cooperation, allowing a seamless extension of joint efforts in energy sector development, the ministry said. According to the statement, India and Denmark have reinforced their long-standing energy cooperation by signing a renewed Memorandum of Understanding (MoU) on Friday. The MoU was signed by Power Secretary Pankaj Agarwal and Ambassador of Denmark to India Rasmus Abildgaard Kristensen. The agreement reflects both countries' continued commitment to accelerate clean energy transitions. The renewed MoU supports India's ambitious target of achieving .