Power Generation

Coal India, DVC form ₹21,000 cr JV for thermal power project in Jharkhand

Coal India and Damodar Valley Corporation have signed a joint venture to set up a Rs 21,000-crore, 1,600 MW thermal power plant at Chandrapura in Jharkhand, expected to start operations by FY32

Govt plans 13 GW annual hydro storage push from FY29 to meet 50 GW target

The government is looking to add up to 13 GW of hydro pumped storage projects (PSPs) annually, over four-fold from current levels of addition, to have 50 GW of such capacity by 2032, a senior official said on Monday. Ghanshyam Prasad, Chairperson of Central Electricity Authority (CEA), made the remarks at the 'Conference on Energy Storage - Driving the Clean Energy Transition' in the national capital. The hydro pumped storage has taken a big leap now, and from this year onwards, roughly 3 gigawatts (GW) of PSPs will get added on an average every year, he said addressing the event organised by the Ministry of New and Renewable Energy (MNRE). "...from (FY) 2028-29 you will find it going in the double digit as well, roughly 10 GW to 13 GW (capacity) getting added each year so that means that multiplied by five times will be the gigawatt hours that will start getting integrated into the systems," he said. By 2032, the target is somewhere around 50 GW capacity coming from the hydro pump

Power cost to drop 17-18 paise per unit as GST Council scraps coal cess

The GST Council's decision to remove the Rs 400 coal cess will lower electricity generation costs, ease liquidity for coal companies and make domestic coal more competitive

GoM discusses new scheme for debt restructuring of power discoms

The GoM also held deliberations for drafting the broad contours of the new scheme to be proposed for debt restructuring of distribution utilities

GST reforms to lower tax on coal, reduce power generation cost, says govt

The government on Thursday said that the GST reforms will bring down the overall tax on coal and reduce the cost of power generation. Earlier, coal attracted 5 per cent GST along with a compensation cess of Rs 400 per tonne. The GST Council has recommended the removal of the GST Compensation cess and an increase in the GST rate on coal from 5 per cent to 18 per cent. The new reforms bring down the overall tax on coal grades G6 to G17, which is in the range of Rs 13.40 per tonne to Rs 329.61 per ton. "The average reduction for the power sector is Rs 260 per tonne, which will reduce the cost of generation by 17 to 18 paise/kWh," the coal ministry said in a statement. The reforms will also help in rationalisation of tax burden on coal vis- -vis its pricing. Earlier, a flat rate of Rs 400 per tonne was imposed as GST compensation cess without considering coal quality. This disproportionately affected low-quality and low-priced coal. For example, G-11 non-coking coal, which is the majo

India's power output hits fastest growth in 5 months on industrial boost

The sustained growth in renewable energy capacity has aided in lowering India's dependence on coal for power generation this year

BS Infra Summit: Clean energy's rise doesn't dent fossil fuel dominance

Twelve years on, fossil fuels still hold the same share in India's electricity, no matter how fast solar and wind grow

Smallcap power generation stock zooms 19% on heavy volumes; hits 52-wk high

Nava said it enters the new financial year with a momentum of new projects under execution and a strong balance sheet

Coal India modifies long-term supply deals to allow power sale on exchanges

The move would enable consistent demand for coal, Coal India said in the notice dated August 6, which was reviewed by Reuters

Afghanistan inks $10 bn deal to generate 10K MW power across country

Acting Minister of Energy and Water Abdul Latif Mansoor said the deal marked a major achievement for the Islamic Emirate and a vital step toward the country's economic progress

NTPC Q1FY26 results: Profit rises 11% to ₹6,108.46 crore in April-June

State-owned power giant NTPC Ltd on Tuesday said its consolidated net profit increased 11 per cent to Rs 6,108.46 crore in June quarter. NTPC, the country's largest power generation company, had recorded a net profit of Rs 5,506.07 crore in the April-June period of preceding 2024-25 financial year. The company's revenues from operations came down to Rs 47,065.36 crore in the first quarter from Rs 48,528.88 crore in the same period a year ago. However, other income increased to Rs 755.75 crore from Rs 452.80 crore year-on-year. Total expenses were at Rs 42,539.94 crore as against Rs 41,844.18 crore in the corresponding quarter of FY25. However, NTPC brought down its fuel cost (a major component in power generation) to Rs 24,973.04 crore from Rs 27,844.82 crore in the year-ago quarter. Revenue from operations for the quarter ended June 2025 included Rs 2,331.44 crore on account of sale of energy through trading. Sale of energy through trading also includes exports amounting to Rs

India's daily thermal power output dips to record 62% low, RE's share rises

Share of core renewables touches a high of 17% for the first time, according to official data

India reaches 50% non-fossil power milestone ahead of 2030 target

India has achieved 50 per cent non-fossil fuel-based power generation capacity of 242.8 GW out of the total 484.8 GW installed capacity, five years ahead of its 2030 target, Union New & Renewable Energy Minister Pralhad Joshi said on Monday. This assumes significance in view of India's commitment at international fora to increased non-fossil fuel-based power generation in the country. India has set an ambitious target of having 500 GW of renewable energy-based electricity generation by 2030. "Under the visionary leadership of Hon'ble Prime Minister Shri @narendrmodi ji, a major climate commitment has been fulfilled. India's total installed power capacity now stands at 484.8 GW, with 242.8 GW coming from non-fossil fuel sources -- a powerful testament to our green progress. This is not just a milestone -- it's a giant stride towards a greener, cleaner Bharat by 2047," Joshi said on X. "Historic Green Leap for India! India achieves 50 per cent on non-fossil fuel capacity -- 5 years .

SECI inks power sale pacts for 60 GW of renewable energy over 14 years

State-owned Solar Energy Corporation of India (SECI) on Tuesday said it has achieved the milestone of executing over 60 Gigawatts (GW) of power sale agreements of renewable energy (RE) capacity in 14 years. The Power Sale Agreements (PSAs) cover a diverse portfolio of solar, wind, and hybrid energy projects, collectively representing a significant share of India's rising RE capacity, SECI said in a statement. Through these agreements, SECI guarantees long-term purchase of power generated, providing payment security to developers and investors while demonstrating the viability of renewable energy ventures in the country. Such long-term arrangements are critical to unlocking the full potential of India's RE sector, it said. "The signing of 60 GW worth of Power Sale Agreements within just fourteen years of establishment marks a pivotal moment for SECI's journey. SECI continues to be at the forefront of ensuring that India stays on track to meet its ambitious clean energy targets. We a

Nearly half of India's power generation capacity non-fossil: Govt data

Nearly half of India's installed power generation capacity of a total of 476 GW is non-fossil fuel-based as of June, but coal-based thermal electricity plays a critical part, according to government data. According to a government explainer on energy and environment issued on Sunday, India's total installed power capacity has reached 476 GW as of June 2025. Non-fossil fuel sources now contribute 235.7 GW (49%) of total capacity, including 226.9 GW renewable and 8.8 GW nuclear, it stated. As of June 2025, India's renewable energy includes 110.9 GW of solar and 51.3 GW of wind power installed capacity. In addition to the installed capacity, 176.70 GW worth of RE projects are under implementation, with 72.06 GW under bidding stages. It explained that thermal power remains dominant, accounting for 240 GW or 50.52 per cent of installed capacity. It noted that India's energy sector is heavily reliant on non-renewable thermal sources, which together account for the largest share of the

India's grid gets ready to deal with 'too much' green energy risk

As unprecedented amount of RE flows in, grid managers devise ways to prevent supply disruptions

India cuts gas power capacity as idle plants turn permanently unusable

The nation's gas fleet totaled 20.1 gigawatts in April, compared with 25.2 a month earlier, data from the power ministry's Central Electricity Authority show

Public listing of power utilities likely to pick up pace across states

Tata Power is the leading private player in the power distribution segment, operating in parts of Delhi, Mumbai, and whole of Odisha as an electricity supplier

Solex Energy FY25 revenue rises 80% to Rs 665 cr in FY25, aims expansion

Solex Energy on Thursday reported a revenue of Rs 665 crore for FY25, marking an increase of over 80 per cent over the preceding fiscal. The company had garnered a revenue of Rs 368 crore in the 2023-24 financial year, it said in a statement. Approximately 22 per cent of the company's revenue comes from the EPC business, while the remaining portion is generated from the module business, the company said. It has reported a revenue of 665 crore, which is 80 per cent higher year-on-year (y-o-y), the company said. The company's Chairman & Managing Director (CMD) Chetan Shah said, "As we approach our 30th year in the industry, we remain dedicated to accelerating India's clean energy transition and expanding our global footprint." The company is bullish on the growing renewable energy market in India and has already announced a multi-crore investment plan under its vision 2030 strategy, he said. Gujarat-based Solex Energy has plans to increase its module manufacturing capacity from 1.5

NTPC Group power generation grows, adds 3,972 MW capacity in FY25

NTPC Group on Tuesday reported around 4 per cent rise in its power generation to 238.6 billion units (BUs) in the financial year ended March 31. During the FY25, the group added 3,972 MW of capacity, bringing its cumulative installed capacity to around 80 GW. Apart from operational capacity of 80 GW, additional 32 GW capacity, including 15 GW Renewable capacity, is under construction, NTPC Group said in a statement. The company aims to achieve 60 GW of renewable energy capacity by 2032. NTPC, under the Ministry of Power, is India's largest integrated power utility, contributing 1/4th of the power requirement of the country. The company has also ventured into various new business areas, including e-mobility, battery storage, pumped hydro storage, waste-to-energy, nuclear, and green hydrogen solutions.