Page 20 - Power Sector

Peaking gas and power units to run under special scheme next summer

Move aimed at handling peak demand, NTPC-GAIL to ink pact, PowerMin to fund the scheme

Net zero will radically change how we use and generate electricity

In BloombergNEF's baseline scenario, the Economic Transition Scenario, power consumption grows by about two-thirds between 2020 and 2050

Rs 2.44-trn plan for 500-Gw renewable energy transmission launched

Liberty to Renewable project developers to sell on Exchanges till Transmission comes up: Power Minister

IIT Madras generates power from sea waves, aims to go commercial by 2024

Innovation may help India achieve climate change-related goal of generating 500 Gw of renewable energy by 2030

NTPC Green Energy likely to get strategic investor by March next year

State-owned power giant NTPC is likely to get a strategic investor for its arm NTPC Green Energy Ltd by March 2023, which will help raise up to Rs 3,000 crore for implementing renewables projects in the country. "NTPC is in the process of roping in a strategic investor for its subsidiary NTPC Green Energy Ltd. The company wants to raise Rs 2,000 crore to Rs 3,000 crore through this transaction, which is likely to be completed during this fiscal year or by March 2023," a source said. The source told that some pension funds, equity investors and big firms had evinced their interest to invest in NTPC Green Energy Ltd. Thus the process of bringing a strategic investor for the subsidiary is expected during this fiscal year only. In view of NTPC's plan to have 60 GW capacity through RE (Renewable Energy) sources, constituting nearly 45 per cent of its overall power generation capacity by 2032, the company would require over Rs 2.5 lakh crore to achieve this ambitious target in next one ..

Japan begins power saving scheme amid supply concerns over possible crunch

Japan on Thursday began a power saving scheme in a bid to ensure a stable electricity supply throughout the winter months amid concerns over a possible power crunch

PowerMin invites bids to supply 4.5 Gw electricity during coming summer

Power to be supplied for five years, qualifying gencos to get coal under SHAKTI scheme

Installed power capacity in India doubled in last 10 years: RBI Data

Maharashtra has the highest installed capacity of power of 43,466 MW followed by 42,208 in Gujarat, RBI's 'Handbook Of Statistics On Indian States' showed

Power System Operation Corporation renamed to Grid Controller of India

India's national grid operator 'Power System Operation Corporation Ltd (POSOCO)' on Monday announced that it has changed its name to 'Grid Controller of India Ltd'. The name has been changed to reflect the critical role of grid operators in ensuring integrity, reliability, economy, resilience and sustainable operation of the Indian electricity grid, a statement said. The change in name as 'Grid Controller of India Ltd' is a welcome step as it has unique position at the heart of India's energy system connecting people to the energy they use, it stated. "It (Grid Controller of India Ltd) explains the functions performed by the grid managers in the country at national and regional levels," said S R Narasimhan, Chairman & Managing Director, Grid Controller of India Ltd, in the statement. "The change in name is also to reflect who we are and the role we play in clean energy transition. We continue to be driven by our vision i.e. 'to be a global institution of excellence for reliable ...

Tata Power, Adani Transmission: Is the bull-run over in power stocks?

Earlier this year, Power Grid Corporation, Adani Transmission, Tata Power and Torrent Power scaled record highs, but now are seen trading almost 11 - 22 per cent lower from their respective peaks.

Coal dispatch to power sector drops 6% to 56.49 million tonnes in October

The dispatch of coal to the power sector registered 5.5 per cent decline at 56.49 million tonne last month. The coal supply to the power sector was at 59.79 million tonne (MT) in October 2021. "The power utilities dispatch has reduced by 5.51 per cent to 56.49 MT during October 2022 as compared to 59.79 MT in October 2021," provisional statistics of the coal ministry showed. However, in April-October period of ongoing financial year, the dispatch increased 13.07 per cent to 413 MT from 365.25 MT in the year-ago period. The overall dispatch of the dry fuel to different sectors in October also dropped to 67.02 MT from 70.21 MT in the year-ago period. The supply to captive power plants also fell to 3.54 MT from 4.97 MT. Many states faced power outages due to shortage of coal in the summer season this year. However, the coal ministry had said the "power crisis" happened mainly on account of the sharp decline in electricity generation from different fuel sources and not due to the ...

McKinsey lists 10 steps to decarbonise India while pursuing economic growth

India emits a net 2.9 gigatons of carbon-dioxide equivalent every year, third-largest globally, as of 2019, according to a report recently released by McKinsey Sustainability

Continental power grid spanning Japan to India inches closer to reality

Plans for a web of sub-sea cables that would create a continental power grid spanning Japan to India are rapidly becoming cheaper and more feasible

Regulators' forum critical of Centre's overreach in Electricity Bill, 2022

Proposed amendments are diluting the basic premise of the Electricity Act, it says

Suzlon Energy's Rs 1,200-crore rights issue oversubscribed by 1.8 times

Suzlon Energy on Thursday said that its Rs 1,200-crore rights issue has been subscribed by 1.8 times. "The (rights) issue resulted into subscription of 435.46 crore shares resulting into oversubscription by 1.8 times. The issue period was from October 11, 2022 to October 20, 2022," a company statement said. Suzlon Energy Ltd, one of India's top manufacturers in the wind component manufacturing segment as per capacity and one of the top renewable O&M service providers in India as per capacity serviced, announced the successful closure of the issue of 240 crore partly paid-up equity shares on rights basis to the eligible equity shareholders. According to the statement, the issue size was 240 crore partly paid-up equity shares for cash, at a price of Rs 5 per rights equity share (including a premium of Rs 3 per rights equity share) aggregating up to Rs 1,200 crore on a rights basis in the ratio of 5 rights equity shares for every 21 fully paid-up equity shares. The funds raised via .

CII urges govt to consider lowering freight, power costs for exporters

Industry body CII on Thursday suggested the government a number of measures, including lowering freight and power costs for exporters and setting up a shipping regulator, to promote outbound shipments. CII National Committee on EXIM Chairman and Patton Group's MD Sanjay Budhia also asked for fast-tracking establishment of an export promotion body. There is also a need to do an internal export promotion and marketing exercise to get more businesses on the export markets, he said at the CII's national exports summit here. "Can we consider lower freight and power costs for exporters? It is not required to have subsidies but calibrated rates so that exporters are not cross subsidising other consumers. In this regard, including electricity costs under GST could be a way out to lower tax incidence," Budhia said. He added that the government can consider a carve-out under the national logistics policy for investments in trade-related infrastructure. States should be encouraged to work on

Tamil Nadu power utility plans importing 22 MT coal to meet requirements

The Tamil Nadu Generation and Distribution Company will be importing 22 lakh metric tonnes of coal during the current financial year. Of this 7.2 lakh MT of coal will be imported in February 2023

Coal revival may push power sector's carbon emissions to record high

The jump in fossil fuel use pushed emissions from electricity production up 1.7%, or 133 million tons, in the first eight months of this year, climate think-tank Ember said in a report

Amended Electricity Act 2022 sparks debate: States feel 'powerless'

State governments - specifically those run by Opposition parties - claim that the amendments will curtail their powers, especially relating to subsidies given to the farm sector

Corporatisation of power, agri sectors will be disastrous: K T Rama Rao

The Centre is trying to privatise power and agriculture sectors which will have disastrous impact on farmers and others, Telangana Minister for IT and Industries K T Rama Rao has alleged. Speaking to reporters in Siricilla on Thursday, he said if the Electricity (Amendment) Bill brought in by the Central government turns into an Act, farmers would lose free power, Scheduled Caste members, Scheduled Tribe persons, poultry farmers, washermen, barbers, weavers, and others will have to bid goodbye to power subsidies. Rama Rao reiterated Chief Minister K Chandrasekhar Rao's stand against the reforms in agriculture and power sectors, and reminded the state government's resolution passed in the state assembly against the Bill. "Telangana is a state where farmers cultivate lands relying on power supply. The state has 26 lakh pump sets. What would be the fate of farmers if free power is not supplied?" he asked. Crops are grown across 1.35 crore acres in Telangana. An additional 50 lakh acre