Page 3 - Power Generation

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/

China, India moderate imports of thermal coal, North Asian buyers strong

India has ramped up electricity generation in recent months as a strong economy and an ongoing heatwave boost demand for power

Statsguru: Rising summer temperatures push power demand in India

Increased use of cooling equipment during heatwaves is said to be a key reason, although only around a quarter of households own air conditioners or air coolers in India

Reliance Power Q4 results: Net loss at Rs 397 cr on increased fuel cost

Reliance Power Ltd on Saturday reported a consolidated loss of Rs 397.66 crore during the March quarter, mainly on account of increased cost of fuel consumed. It had posted Rs 321.79 crore profit in the year-ago period, the company said in an exchange filing. The company's total income, however, increased to Rs 2,193.85 crore from Rs 1,853.32 crore a year ago. Among expenses, its cost of fuel consumed increased to Rs 953.67 crore during the quarter from Rs 823.47 crore in the January-March period in 2022-23. For the full fiscal year, the company's losses widened to Rs 2,068.38 crore from Rs 470.77 crore loss in FY23. The board of the company also "approved authorisations of members for issuance of foreign currency convertible bonds (FCCBs) and securities through qualified institutional placement (QIP). These shall be in terms of the applicable rules, regulations, guidelines, and laws, including Securities and Exchange Board of India". Reliance Power has close to 6,000 MW of ...

Energy storage systems crucial to up RE share in power generation: ICRA

Energy storage systems are critical to increase the share of power generated through renewable energy sources, according to Icra. The share of renewable energy power generation, including large hydro, to India's total power production will increase to close to 40 per cent by FY2030 from less than 25 per cent currently, the rating agency said in a report. The increase will be driven by the large RE capacity addition process, it said. "Achieving such a high level of RE share would require development of energy storage systems (ESS) to manage the intermittency associated with wind and solar power. The ESS is currently mainly driven by the battery energy storage systems (BESS) and pumped hydro storage projects (PSP)," Icra said. The BESS also plays a role in improving grid stability, providing ancillary support services and peak load shifting, it said. Girishkumar Kadam, Senior Vice President & Group Head - Corporate Ratings, ICRA, said: "The discovered tariff under the BESS tenders .

NTPC Group's installed power generation capacity crosses 76 GW milestone

State-owned power giant NTPC Group's installed power generation capacity has crossed the 76 GW-mark with commissioning of a 57-MW solar power energy capacity in Rajasthan. "Consequent upon successful commissioning and due approvals, first part capacity of 57 MW out of 90 MW Anta Solar PV Project at Anta, Rajasthan, is declared on commercial operation with effect from 00:00 hours of April 26, 2024," according to a regulatory filing. With this, it stated, the total installed and commercial capacity of NTPC on a standalone and group basis has reached 59,135 MW and 76,015 MW, respectively.

THDC aims to make Rs 12K cr coal-based thermal project operational by Sept

State-owned THDC India Ltd aims to make its coal-based power plant operational by September 2024, marking an entry into the domestic thermal energy sector, a top company official said. THDC India Ltd (THDCIL) is setting up a 1,320 megawatt (2X660 MW) Super Thermal Power Project (STPP) at Bulandshahr district in Uttar Pradesh (UP), the official said in reply to a query about the company's plans of setting up coal-based capacities. At present, the Uttarakhand-based entity has an installed power generation capacity of around 1,587 MW, of which 1,424 MW is hydro, 113 MW wind and 50 MW solar. When asked about the timeline of the project, the official said "The work is going on in full swing. We are confident of making the first unit of 660 MW operational by September this year and the second unit operational by March 2025. It is a project of around Rs 12,000 crore." Till January 2024, a sum of Rs 9,428.30 crore has been spent on the Khurja Super Thermal Power Plant (KSTPP), the company

Gas-based plants directed to run from May 1 to Jun 30 as power demand rises

The government has directed all gas-based power generating stations to operationalise their plants from May 1 to June 30 in view of rise in electricity demand due to a likely prolonged heat wave this summer. A significant portion of Gas-Based Generating Stations (GBSs) is currently unutilized, primarily due to commercial considerations. The ministry has projected 260 GW peak power demand this summer (April to June 2024). Peak power demand had touched an all-time high of 243 GW in September last year. The decision to operationalise GBSs is part of a series of measures taken by the Centre to ensure that electricity demand in the summer is met. According to a power ministry statement, the order shall remain valid for generation and supply of electricity from May 1, 2024 to June 30, 2024. "To ensure maximum power generation from Gas-Based Generating Stations, the government has issued directions to all Gas-Based Generating Stations under Section 11 of the Electricity Act, 2003, under

State-owned NTPC targets 5GW power generation capacity addition in FY25

State-owned power giant NTPC on Monday said it is eying 5 GW power generation capacity addition in financial year 2024-25. NTPC aims to add 3 gigawatt (GW) of renewable energy (RE) capacity, exemplifying its steadfast dedication to environmental stewardship, a company statement said. Simultaneously, the power major aims to add 2 GW to its thermal energy capacity. According to the statement, NTPC has set a target to add 5GW of installed capacity reflecting its commitment to providing clean, reliable, and affordable energy solutions. In FY24, NTPC successfully added 3,924 MW of new capacity to its portfolio, bringing its cumulative installed capacity to nearly 76 GW. Presently, the group has an operational RE capacity of 3.5 GW, with an extensive pipeline exceeding 20 GW. By 2032, NTPC is looking to expand its non-fossil-based capacity to 45-50 per cent of the company's portfolio that will include 60 GW RE capacity with a total portfolio of 130 GW. NTPC Ltd is India's largest inte

NTPC adds nearly 4GW capacity in FY24; total installed capacity at 76GW

State-run power giant NTPC on Monday said it has added 3,924 MW power generation capacity in 2023-24, taking the total installed capacity to around 76GW. This (3,924 MW) includes the commissioning of the second unit in Bangladesh and maiden capacity addition by both its subsidiaries -- NTPC Green Energy Ltd (NGEL) and NTPC Renewable Energy Ltd (NREL), during the fiscal year ending March 31, 2024, a company statement said. In FY24, NTPC Ltd achieved an addition of 3,924 MW new capacity to its overall portfolio, elevating its cumulative installed capacity to almost 76 GW. NTPC is India's largest integrated power utility, contributing 1/4th of the power requirement of the country. With a diverse portfolio of thermal, hydro, solar, and wind power plants, NTPC is dedicated to delivering reliable, affordable, and sustainable electricity to the nation. The company is committed to adopting best practices, fostering innovation, and embracing clean energy technologies for a greener future.