Page 7 - India Power Production

Power stocks build momentum amid India's energy crisis

Stocks of power companies rise in tandem with the soaring mercury. But the sector is grappling with low coal inventories. Will the situation worsen amid high power demands? Should investors bet on it?

Power crisis: Centre, states are trying to resolve the situation

Currently, some 59 per cent of the power plants dependent on domestic coal are running low on coal stock

Core sector picks up sequentially; registers double digit growth in March

A coal shortage could aggravate power cuts in many states, leading to economic growth losing momentum.

Nepal says not getting adequate electricity from India; may cut power

Nepal may cut power to its industrial corridors soon as the Himalayan nation is not getting adequate power supply from India, authorities said on Thursday.

India could become carbon neutral before its 2070 goal, says IRENA chief

India's onshore wind capacity stands at over 40 GW, and for grid-connected or centralised solar power plants capacity is at around 60 GW.

India adds 13.5 GW of renewable capacity in FY22, 12% higher than last yr

India added 13.5 GW of renewable energy capacity in 2021-22, which is 128 per cent higher than that in 2020-21, a statement said on Thursday.

Power engineers warn of energy crisis in 12 states, seek govt action

"The coal crisis is being witnessed in 12 states once again after October 2021," All India Power Engineers Federation chairman Shailendra Dubey said

India cuts coal supply, inventories slump as power demand surges

India has cut coal supplies to the non-power sector and put on hold plans to increase the number of fuel auctions for utilities due to a slump in inventories at state government-owned utilities

No power crisis in India, generation capacity more than peak demand: Govt

The minister told the House that there was a decrease in the coal-fired electricity produced in the country during the financial year 2020-21 as compared to the previous year 2019-2020

'Russia-Ukraine crisis to further hamper coal supply to CPPs, industries'

According to the Indian Captive Power Producers Association, amid rising energy prices globally, electricity producers will pressurise the government for more domestic coal to fulfill their demand

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