Page 3 - Power Generation

DVC signs 25-year PPA with Haryana to supply 800 MW power from 2028

The Damodar Valley Corporation (DVC) has inked a 25-year power purchase agreement (PPA) with the Haryana Power Purchase Centre (HPPC) to export 800MW from 2028-29, a senior official said on Wednesday. The agreement marks a significant milestone in the partnership between DVC and HPPC, building on their existing PPA, under which the corporation already supplies 300 MW to Haryana from its operational units. The agreement, signed with the approval of the power ministry, will enable DVC to supply 800 MW from its three upcoming thermal units to Haryana. "Under the agreement, DVC will supply 300 MW from its Raghunathpur Thermal Power Station Phase-II (2x660 MW), 300 MW from Koderma Thermal Power Station Phase-II (2x800 MW), and 200 MW from Durgapur Thermal Power Station (1x800 MW). Supplies from all three power stations will begin in the fiscal 2028-29," DVC member (finance) Arup Sarkar said. The PPA was signed at HPPC's corporate office in the presence of senior officials from both ...

Doosan Skoda Power aims to raise up to $115 million in Prague IPO

Doosan Skoda Power is also offering up to 2.9 million new shares, which would increase its total number of shares to 31.9 million, valuing the firm at 8.3 billion crowns at the upper end of the IPO

China's rising power demand hinders climate goals as coal usage increases

But that hasn't happened so far, in large part because the nation's energy demand is growing unprecedentedly fast, requiring ever more coal to be burned. Electricity use grew 6.8 per cent last year

NTPC Renewable Energy starts 110 MW commercial supply from 2 solar projects

State-owned power giant NTPC on Friday said its step-down arm NTPC Renewable Energy has started commercial supply of 110 MW electricity from two different solar projects. With this, the total installed and commercial capacity of the NTPC group has now become 76,708.18 MW, a BSE filing stated. According to the filing based on the certificate issued on January 9, 2025, by Solar Energy Corporation of India (SECI), the second part capacity of 60 MW out of 320 MW Bhainsara Solar PV Project in Jaisalmer, Rajasthan of NTPC Renewable Energy Ltd (NTPC REL), a step-down subsidiary of NTPC Ltd through its subsidiary NTPC Green Energy Ltd, is declared on Commercial Operation with effect from January 7, 2025. The first part's capacity of 160 MW has already been declared for commercial operation from August 28, 2024. It further stated that the second part capacity of 50 MW out of 220 MW Shajapur Solar Project (Unit-II) at Shajapur, Madhya Pradesh of NTPC REL, is declared on commercial operation

India's 2024 power output growth slowest since Covid-19, shows data

Power output rose 5.8 per cent annually to 1,824.13 billion kilowatt-hours (kWh), an analysis of daily load despatch data from federal grid regulator Grid-India showed

India to boost power generation, transmission infra to attain power for all

India will set up more coal-fired and hydro-power plants and ramp up transmission infrastructure to achieve round-the-clock Power for All' in 2025, besides meeting rising demand fueled by economic expansion. To meet the growing energy demand, the government has devised a major plan for power generation capacity addition and the expansion of transmission infrastructure. According to Minister of State for Power Shripad Yesso Naik, India can definitely achieve 24x7' power for all with all the efforts in the ministry under the leadership of Prime Minister Narendra Modi. We can do it. In 2025, we will be almost there to have 24X7 power for all in the country," Naik told PTI. He also said that the government is ready to support the expansion plan of the power sector in view of rising demand. According to government estimates, peak power demand is expected to touch 270 GW in the summer season in 2025, up from the record high of 250 GW in May 2024 and 243 GW in September 2023. The peak po

Coal-based power generation up 3.87% in Apr-Oct, coal imports drop 3%: Govt

The government on Thursday said coal-based power generation rose 3.87 per cent in the April-October period of the current fiscal year. "...there was a significant growth of 3.87 per cent in coal-based power generation from April 2024 to October 2024 compared to the same period last year," the coal ministry said in a statement. The ministry further said the imports for blending purposes by thermal power plants dropped 19.5 per cent during the same period. This decline emphasises the country's commitment to achieve self-sufficiency in coal production and reducing reliance on imports. "Increase in coal import for power sector is attributed to the import of coal by imported coal-based power plants (designed to utilise imported coal only) i.e. 30.04 MT during this period, up from 21.71 MT, reaching a growth of 38.4 per cent in the corresponding timeframe last year," it said. Coal imports during April-October period of the current fiscal year dropped 3.1 per cent to 149.39 million tonne

About Rs 15 trn required for adding power generation capacity in 2022-27

About Rs 15 lakh crore fund is required to add electricity generation capacity during 2022-27, which includes expenditure for projects to be commissioned in 2027-32, a power ministry statement said. The projected electrical energy requirement and peak electricity demand on all-India basis is estimated as 1908 BU (billion units) and 277 GW, respectively for 2026-27. The projections were made during a Meeting of the Parliamentary Consultative Committee of Members of Parliament for Ministry of Power here last evening. Union Power Minister Manohar Lal chaired the meeting. As per 20th Electric Power Survey (EPS) report published by the Central Electricity Authority (CEA), the peak demand and energy requirement is pegged at around 366 GW and 2474 BU by 2031-32, it stated. Energy Storage capacity is an important aspect in achieving the targets of NEP. Energy storage capacity of 16.13 GW/82.37 GWh with PSP(pumped storage) based storage of 7.45 GW capacity and 47.65 GWh storage and BESS ba

India to have 777 GW power generation capacity to meet peak demand by 2030

India is likely to have 777 GW power generation capacity, including 500 GW clean sources and about 277 GW fossil fuel-based, to meet the projected peak demand of about 335 GW by 2030, Parliament was informed on Wednesday. "Accordingly, the percentage of clean sources of energy in the total installed capacity is likely to be 64.4 per cent by 2029-30," Minister of State for New & Renewable Energy Shripad Yesso Naik said in a written reply to Lok Sabha on Wednesday. The minister said that to meet the projected peak demand of 334.8 GW and energy requirement of 2,279.7 billion units of the country, as per the National Electricity Plan. He added that the installed capacity for the year 2029-30 is likely to be 7,77,144 MW comprising of fossil-based capacity of 2,76,507 MW and non-fossil-based capacity of 5,00,637 MW along with a battery energy storage capacity of 41,650 MW/208,250 MWh. The coal-based capacity will be 2,51,683 MW and the gas-based capacity will be 24,824 MW, the minister .

India expects 708 GW demand by 2047; 2,100 GW power generation capacity

India needs to increase its power generation capacity four-fold to 2,100 GW by 2047 against an anticipated demand of 708 GW, Union Power Minister Manohar Lal said on Monday. As per official data, India's total power generation capacity stood at around 453 GW as of September 30, while the government's projection for peak power demand this year was 260 GW. However, it could not be reached due to lower temperatures due to rains, and peak power demand remained around 250 GW. "By 2047, we anticipate our power demand to reach 708 gigawatts. To meet this, we need to increase our capacity by four times, i.e. 2,100 gigawatts," Lal said, addressing 'Brainstorming Conclave on Indian Power Sector Scenario by 2047', organised by Central Electricity Authority (CEA) in partnership with industry body Ficci. Ficci former president Subhrakant Panda said India's power sector presents vast opportunities in the transition to clean energy by 2070. The expanding renewable energy sector offers promising .

Power generation increases 86% to 360 bn units in 10 yrs: Minister Joshi

The country has registered an 86 per cent increase in power generation through renewable sources to 360 BU in the past 10 years, Union Minister Pralhad Joshi said noting India is the only G20 country to have met its climate targets ahead of schedule. The minister for new and renewable energy made the remarks while addressing the ongoing 'Hamburg Sustainability Conference' in Germany, an official statement said. India has witnessed a transformative increase in its renewable energy capacity since 2014, with a 175 per cent rise from 75 GW to over 208 GW today. Total RE increased from 193.5 billion units to 360 BU, marking an 86 per cent rise during this period, Joshi said. "India is the only G20 country to have met its climate targets ahead of schedule, despite having the lowest per capita emissions among G20 nations," he noted. The minister further said that India is also upgrading its port infrastructure to support green shipping fuels and vessels using hybrid models, with the goal

Peak power demand declines in Sept; renewable energy generation increases

While coal and gas-based power generation experienced reductions of 5% and 15%, respectively, hydro, nuclear, and renewable energy sources saw a rise

NCLAT okays Sarda Energy's Rs 1,950 crore bid for SKS Power Generation

It stated that, according to the Supreme Court, there should be minimal interference in the commercial decision of the committee of creditors

NTPC registers 3.9% growth in power generation, 16% in coal mining

The company's mining arm, NTPC Mining, produced 19 million tonnes (MT) of coal during H1FY25, registering a growth of 20 per cent year-on-year

NTPC's prospects appear robust, barring seasonal impact in August

Regulated players, RE and hydro players seem more attractive from the valuation standpoint than merchant power players

RPower secures 500 MW storage contract marking entry into renewable energy

Other bidders in the auction included Avaada Energy, ACME Cleantech, Gensol, and Indigrid, with the highest quoted tariff reaching Rs 4.9 lakh per MW per month

Reliance Power Q1FY25 results: Net loss narrows to Rs 97.85 crore

Other income was Rs 76.95 crore compared with Rs 36.90 crore in the same quarter the previous year, a more than two-fold increase

India's power generation capacity rose to 4.46 GW in last decade: Govt

India's total installed power generation capacity has grown around 80 per cent over the last 10 years to 4,46,190 MW (4.46 GW) in June 2024, Parliament was informed on Monday. The installed capacity, which was 2,48,554 MW in March 2014, reached 4,46,190 MW in June, the Union Minister of State for Power Shripad Naik said. In a reply to the Rajya Sabha, he said the installed capacity of coal-based power has increased from 1,39,663 MW in March 2014 to 2,10,969 MW in June 2024. While the installed capacity of renewable sector has increased from 75,519 MW in March 2014 to 1,95,013 MW in June 2024, the minister added. The Government of India proposes to set up an additional minimum 80 GW coal-based capacity by 2031-32, Naik said. He further said 1,95,181 circuit kilometer (ckm) of transmission lines, 7,30,794 MVA of transformation capacity and 82,790 MW of inter-regional capacity have been added, connecting the whole country into one grid running on one frequency with the capability of

China coal generation share at record low in May as renewables hit highs

Increased renewable generation led carbon dioxide emissions from the power sector, which make up some 40 per cent of China's overall emissions, to fall by 3.6 per cent in May

Torrent Power seeks shareholders nod to raise up to Rs 5,000 cr via equity

Torrent Power on Friday said it will seek shareholders' approval to raise up to Rs 5,000 crore through equity shares. The approval will be sought in the annual general meeting scheduled on July 30, 2024. In a notice, the company said there is an ongoing requirement of working capital and capex for upgradation/ expansion of the company's power generation, distribution businesses and ongoing projects. The generation of internal funds may not be adequate to meet all the requirements of the company's growth plans, it stated, adding that the requirement of funds is proposed to be met from both equity and debt from issuance of appropriate securities and from both domestic and international markets. The company's board, in a meeting held on May 22, 2024, recommended to the members to give their consent to raise up to Rs 5,000 crore through the issuance of equity shares and/ or Foreign Currency Convertible Bonds (FCCBs) and/ or convertible bonds/ debentures or any equity-linked instrument/