Page 7 - India Power Production

IEX power trade volume grows nearly 54% to 9,477 MU in November

IEX commenced trade in the Energy Saving Certificates (ESCerts) under Perform, Achieve and Trade Cycle-II on October 26, 2021

PLI funding for solar manufacturing to be raised to Rs 24,000 cr: Minister

The government will soon enhance the funding under the production linked incentive (PLI) scheme for the domestic solar cells and module manufacturing to Rs 24,000 crore from the existing Rs 4,500 crore to make India an exporting nation. "We brought the PLI scheme (for solar cells and modules) worth Rs 4,500 crore. We invited bids and we got 54,500 MW manufacturing capacity of solar equipment. We asked the government to sanction Rs 19,000 crore more under the PLI, which was approved (in-principle). Now we would have a PLI of Rs 24,000 crore. We would be exporting solar equipment," Power and New & Renewable Energy Minister R K Singh told PTI. The minister also informed that at present solar module manufacturing capacity in the country is 8,800 MW while the solar cell manufacturing capacity is 2,500 MW. In April this year, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules. The scheme is ..

India to achieve 50% clean energy share before 2030 deadline: Singh

India will easily achieve the target of 50 per cent share of energy from non-fossil fuels and also the 500-gigawatt (GW) renewable energy capacity before the deadline of 2030 set by Prime Minister Narendra Modi, said Power and New & Renewable Energy R K Singh. It assumes significance in view of Prime Minister Narendra Modi's pledge at the COP26 Climate Conference in Glasgow that India will achieve net zero carbon emissions by 2070. Modi also raised the nationally determined contribution (NDC) target of non-fossil energy capacity to 500 GW by 2030, from 450 gigawatts earlier. Talking to PTI, Singh said, "We are working hard towards the prime minister's target of 500 GW from renewable energy by 2030. We had said we will do 40 per cent (energy from non-fossil fuel) by 2030. We have reached 39 per cent. We will easily achieve the 50 per cent target by 2030. The prime minister has given the target till 2030, we will achieve...before that." He added that the prime minister has increased

One bankrupt industry leaves $80 bln hole in India's climate pledge

Without reforming discoms, India will struggle to meet its bold target of raising non-fossil-fuel generation capacity.

Prioritisation of domestic coal to power sector hit Hindustan Zinc: CEO

The prioritisation of domestic coal supply to the power sector has to "some extent" hit Hindustan Zinc, a top official of the Vedanta group firm said

Power Global to invest $25 mn to set up battery infra facility in India

Power Global plans to invest around $25 million to set up a lithium-ion battery manufacturing unit and battery swapping infrastructure in India

India's coal import drops in Aug despite higher demand from power sector

India's coal import registered a decline of 2.7 per cent in August this year amid the power plants grappling with fuel shortages

Energy exchange jumps 180% this year as India battles coal crisis

Indian Energy Exchange's platform is used by companies to power their short-term needs.

Chart check: Power-packed rally in NTPC, Tata Power has more legs

Tata Power and Coal India are witnessing strong momentum based buying, while Indian Energy Exchange (IEX) can surge 20% in the medium-term, tech charts show

India's power demand surges to all-time high; crosses 200 GW mark

Many states have been witnessing high temperatures due to delayed monsoon

India's electricity generation falls 2.9% in second half of April

Electricity supply to Karnataka - home to India's tech hub Bengaluru - fell over 15%

Coal's share in India's power mix hits highest in more than two years

This year seasonal factors have limited output of renewables, including hydro electricity, which are weather dependent, helping coal's share to rebound

Coal India arm NCL supplies 87% of total coal to power producers in FY21

Coal India arm NCL said it supplied 87 per cent of its total coal to electricity producers in the last fiscal year, thereby fulfilling the power aspiration of the country in these unprecedented times

India's less industrialised states lead electricity demand recovery

Power use in less industrialised states such as Bihar, Chhattisgarh, UP and Punjab, grew at over 10% each compared with the previous year, both for the quarter and the six months ending on March 31

India's power consumption grows marginally by 0.88% in February

The reason was a slight rise in temperature in the month, official data showed

Power demand remains higher in 1st week, crosses record peak of Feb'20

India's peak power demand met or the highest supply in a day has remained higher in the first week of February till Friday and surpassed the record high supply of 176.38 GW for February last year

Power demand at all-time high of 187.3 GW: Power Minister R K Singh

This highlights the growing strength of the economy, Singh said

Power demand touches all-time high of 185.82 GW, says Secretary S N Sahai

All-India power demand on Wednesday morning touched a record high of 185.82 gigawatts (GW)

Govt to provide liberal funding to make J&K power-surplus: Union minister

Union minister R K Singh has said the Centre would spend "liberally" to tap the immense potential of the Union Territory in the sector to make it a power-surplus region

Captive power producers face Covid-19 brunt as prices turn unviable

Executives from Indian Energy Exchange pointed out in July that volumes from CPPs went down drastically post March, in tandem with traded prices