Page 4 - Power Generation

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.

Strong outlook, robust domestic demand to support Cummins India stock

Riding on a 36 per cent growth y-o-y in the domestic market, the company posted an overall revenue growth of 16 per cent

Domestic coal-based power generation rises 7% to 872 bn units in Apr-Dec

Domestic coal-based power generation increased 7.14 per cent to 872 billion units (BU) in the April-December period of the current fiscal. The rise in domestic coal-based electricity generation reflects an ample supply of coal to meet the growing energy demand in the country, the coal ministry said in a statement. Domestic coal-based power generation was 813.9 BU in the year-ago period, it said. In the country, power is generated from conventional sources -- thermal, nuclear and hydro-- and renewable sources -- wind, solar, biomass etc. Thermal power producers use coal as the main fuel to run the units and the dry fuel contributes to more than 70 per cent of the total electricity generation. Coal-based power generation in the country registered a growth of around 10.13 per cent during April-December period of FY'24, as compared to the corresponding period of previous year while overall power generation grew 6.71 per cent during the same period, the ministry statement said. Coal ..

Coal-based power generation rises 8.38% to 779.1 billion units in Apr-Nov

The domestic coal-based power generation increased 8.38 per cent to 779.1 Billion Units (BU) in April-November FY24 , an official statement said on Saturday. In the year-ago period, the domestic coal-based power generation stood at 718.83 BU. India's power generation increased 7.71 per cent in the period under review, the coal ministry said in a statement. The overall coal-based power generation witnessed a year-on-year increase of 11.19 per cent during the period on account of unprecedented rise in temperature, delayed monsoon in the northern region of the country coupled with the resumption of full commercial activities post-Covid. Coal import for blending decreased substantially by 44.28 per cent to 15.16 million tonne (MT) up to November in the current fiscal from 27.21 MT in the year-ago period, despite the escalating power demand. "This shows the nation's commitment to self-reliance in coal production and minimising overall coal imports," the ministry said. The government i

Domestic coal-based power generation rises by 8.8% to 686.7 BU in Apr-Oct

The domestic coal-based power generation increased by 8.8 per cent to 686.7 billion units (BU) in the April-October period of the current financial year. The domestic coal-based power generation stood at 630.7 BU in the year-ago period. Coal-based power generation (both domestic and imported coal) went up by 11.16 per cent during the April-October period of the current fiscal year, as compared to the corresponding period of the previous financial year. The rise has been on account of an unprecedented rise in temperature, delayed monsoon in the northern region of the country coupled with the resumption of full commercial activities post-Covid, the coal ministry said in a statement. Despite the escalating power demand, coal import for blending has dropped by 46.57 per cent to 13.57 (MT) up to October 2023, from 25.4 MT in the corresponding period of previous year. The government persists in its efforts to further enhance coal production, aiming to increase availability and reduce ..

India's FY24 power demand to rise 7% amid strong industrial activity: Fitch

Fitch stated that the receivable position of generation companies (gencos) will continue improving in the near term

Muted exports, gradual domestic powergen recovery may hit Cummins sales

Going ahead, the company has guided for a double-digit sales growth

Govt asks states not to impose tax/duty on power generation from any source

The central government has asked states that they have no power to impose any tax or duty on electricity generated from any source - coal, hydro, wind or solar and any such levy is illegal and unconstitutional. In a circular, the Union Ministry of Power on October 25, said it had come to the notice of the central government that some state governments had imposed additional charges on generation of electricity from various sources under the guise of development free/charges/fund. "Such additional charges/fees in the form of any tax/duty on generation of electricity, which encopasses all types of generation viz thermal, hydro, wind, solar, nuclear etc is illegal and unconstitutional," it said. Clarifying on the constitutional position, the ministry said the powers to levy taxes/duties are specifically stated in the VII Schedule. "List-II of the VII Schedule lists the powers of levying taxes/duties by the states in entries-45 to 63. No taxes/duties which have not been specifically ..

JSW Energy makes short-term bets on India's power sector as demand rises

JSW Energy plans to light up the first unit of its Ind-Barath asset this month and the second by the end of FY24

Tamil Nadu govt to explore large scale green energy storage options

Tamil Nadu is exploring a hybrid storage model, in which pumped storage power plants (PSP) will be used to store excess energy from solar, wind, and other sources

India may add up to 30 GW more thermal power capacity, says R K Singh

Union Power Minister R K Singh on Friday said that India may add 25 GW to 30 GW thermal electricity generation capacity in addition to 50 GW already under works to meet the rising demand. Addressing at a CII conference, Singh said that India has around 25 GW of thermal capacity under construction and another 25 GW is planned. He pointed out that India is growing at a rapid pace and electricity demand is rising very fast, which needs to be met. He stated that the country may add another 25 GW to 30 GW of thermal power capacity to meet the demand. Power demand in the country has already touched a record high of 241 GW early this month.

This state-owned power generation stock has zoomed 100% in 3 months

Shares of SJVN hit a new high of Rs 73 on rallying 14% today after the company signed a power purchase agreement with Bhakra Beas Management Board for developing a solar project

China's power project on Siang River to have cascading effect: Arunachal CM

Arunachal Pradesh Chief Minister Pema Khandu on Wednesday expressed concern over China's proposed mega hydropower project on the upstream of Siang River in Tibet, stating it will have a cascading effect on India and Bangladesh in the near future. During a zero-hour discussion in the state assembly, initiated by Congress MLA Lombo Tayeng seeking a declaration of recurring annual floods in Siang Valley as a natural calamity, Khandu said China has proposed a 60,000 MW hydro-power plant on the river, called Tsangpo in Tibet, in its 14th five-year plan. "We are worried about the project's impact in the future. Accordingly, a high-level meeting of the Brahmaputra Board was convened recently. The Centre has proposed a barrage on Siang River so that Chinese activities do not affect the river," he said. Khandu said a survey for the proposed barrage will be carried out, and once it is completed, the Centre will decide on the next step. Tayeng, while initiating the discussion, pointed out tha

India seeks additional natural gas volumes to boost power generation

The power ministry is advising states to expedite commissioning of all new power plants and operate gas-fired plants at full capacity, the note said

Power demand up 40GW-50GW on daily basis compared to year ago: R K Singh

Union Power Minister R K Singh on Tuesday quantified the pace of economic growth in the country in terms of rise of electricity demand, and said that India's power demand is about 40 GW-50 GW more than the corresponding day last year. Addressing a day-long conference on 'Green Hydrogen Pilots in India' here, he said India has the potential to be one of the biggest manufacturers of green hydrogen in the world. The conference showcased various Green Hydrogen Pilots being implemented by both public and private sector companies of India. "We have this huge economy which will continue growing at 7 to 8 per cent for the next 2 to 3 decades. Our energy requirements are huge. Our power demand has grown up by 21 per cent in August 2023, as compared to August 2022," the minister said. Singh further noted that on a daily basis, "our power demand is about 40 GW-50 GW more than corresponding day last year, that is how fast we are growing." He stressed on the need to take effective measures to

Power demand to grow 70% by 2032 with focus on non-hydropower renewable

India's power demand is expected to grow by more than 70 per cent over the next decade with a strong focus on non-hydropower renewable sources, a report said on Tuesday. The coal-powered generation will still account for a majority of production by 2032, illustrating the country's heavy reliance on the coal sector, BMI, a division of Fitch Group, said in a report. "We forecast India's electricity generation to grow by over 70 per cent over the next decade, marking the largest increase among the world's largest electricity producers. India will see a strong focus on non-hydropower renewable forms of electricity generation, which we expect to account for 16.9 per cent of total generation by 2032," it said. The strong long-term expansion of electricity demand will support power production growth, ensuring that power consumption demands are met. Underpinned by population growth, rising urbanisation as well as increased demand from the construction, manufacturing, and services sectors,

India sees record demand for rooftop solar as companies seek clean energy

Companies are on pace to install 4 gigawatts of panels on top of buildings in this financial year ending March 31, nearly doubling the previous record

PFC to provide Rs 4,528 cr loan for DVC project to set up 1,320 MW project

State-owned Power Finance Corporation (PFC) has entered into a pact with Damodar Valley Corporation (DVC) as part of which it will provide Rs 4,527.68 crore loan to set up a 1,320 MW project at Raghunathpur in West Bengal. The Raghunathpur Phase-II project -- a collaborative effort between PFC and DVC -- will contribute significantly to the power generation capacity in West Bengal, a PFC statement said on Friday. With a combined capacity of 1,320 MW, the project marks a key milestone in the region's energy landscape, it said. "PFC and DVC have successfully executed a loan agreement amounting to Rs 4,527.68 crore. This amount is earmarked for the realisation of the ambitious 2x660 MW Raghunathpur Phase-II project," the statement said. As the project progresses, PFC and DVC remain dedicated to ensure its successful implementation, adhering to the highest standards of efficiency, innovation, and environmental responsibility, the statement said. PFC is the country's largest non-bankin