Page 31 - Power Sector

Green hydrogen purchase to be mandatory for some sectors: R K Singh

Minister for Power and New & Renewable Energy R K Singh on Tuesday said purchase of green hydrogen will be made mandatory for certain sectors similar to renewable purchase obligation. Under RPO (Renewable Purchase Obligation), bulk purchasers like discoms, open access consumers and captive users are required to buy a certain proportion of renewable energy out of their total consumption of electricity. They can also buy RE certificates from renewable energy producers to meet the RPO norms. Interacting with the media in a virtual curtain raiser press conference on 'India's role as a Global Champion for the Energy Transition theme at the UN High Level Dialogue on Energy 2021', Singh said just like RPO, hydrogen purchase obligation would ensure that the product sells. Green hydrogen is produced using renewable energy and electrolysis to split water and is distinct from grey hydrogen, which is produced from methane and releases greenhouse gases into the atmosphere, and blue hydrogen, .

Power Grid Corp fiscal 2021 profit increases 9% to Rs 12,036 crore

The company maintained average transmission system availability of 99.76 per cent in FY21.

Power consumption across India grows 9.3% in first half of June

This indicates a recovery in commercial and industrial electricity demand

Reliance Power to raise Rs 1,325 cr from R-Infra via preferential allotment

Anil Ambani-led Reliance Power will raise Rs 1,325 crore by issuing preferential shares and warrants to its parent Reliance Infrastructure.

Electrifying game: Private power producers turn up investment cycle

Tata Power, for instance, has reduced its consolidated net debt by Rs 11,400 crore in the last three years to Rs 36,559 crore as on March 31, 2021

With an edge over private players, power PSUs put capex above reducing debt

Better debt ratios, regulatory comfort place NTPC, NHPC at an advantage over private players

Delhi's power demand starts rising, likely to touch over 7,000 MW

Delhi's power demand has started rising under the combined influence of unlocking of the city and weather conditions, crossing over 5,000 MW mark in a night for the first time this summer

BSE Power index hits over 10-year high; analysts advise booking profit

On Tuesday, the S&P BSE Power index hit a 10-year high of 3,008, a level last seen in January 2011, in intra-day trade. Adani Power, meanwhile, hit a record high of Rs 151

Torrent Power, NTPC, Tata Power: Trading strategies for power stocks

The medium-term trend on BSE Power Index is bullish as long as the support of 2,700 is upheld.

Power consumption grows 12.6% in first week of June to 25.36 bn units

Power consumption in the country grew at 12.6 per cent in the first week of June to 25.36 billion units (BU), indicating a slow recovery in commercial and industrial electricity demand

Average spot power price up 10% to Rs 2.83 per unit in May at IEX

The average spot power price in DAM at IEX was Rs 3.34 per unit in May, 2019.

Power market trades 6,540 MU in May amid coronavirus lockdowns

The term-ahead market comprising intra-day, contingency, daily and weekly contracts traded 383 MU during the month.

Gujarat discoms sign pacts for 3,979 solar projects with 2,500 MW capacity

State Energy Minister Saurabh Patel said that the development is a major boost towards the state's commitment to promote renewable energy.

Disputed decline in power dues

The amount of money that remained outstanding after 45-to-60 days of grace period given to the distribution companies fell to about Rs 67,300 crore, over 20 per cent lower than what it was a month ago

Power consumption grows 8.2% in May amid slow recovery in demand

Power consumption in the country witnessed an 8.2 per cent year-on-year growth in May at 110.47 billion units (BU), indicating slow recovery in commercial and industrial demand of electricity, according to power ministry data. The slower pace of recovery in industrial demand of electricity in May can be attributed to local lockdown restrictions imposed by states to curb the spread of coronavirus amid the second wave of the pandemic, experts believe. Moreover, the two cyclones that hit the east and west coast of the country in May resulted in power outages and lesser consumption due to rains in different areas of the country during peak summer season, they said. They are hopeful that the commercial and industrial power consumption as well as demand would rise in coming days with many states easing local lockdown restrictions imposed to curb the second wave of coronavirus after the number of daily new positive cases of COVID-19 has started declining. The power consumption in the ent

Godawari Power and Ispat posts multifold jump in Q4 profit at Rs 304 cr

Godawari Power and Ispat Ltd (GPIL) on Tuesday posted a multifold jump in consolidated net profit at Rs 304.01 crore for March quarter 2020-21, mainly on the back of higher revenues.

India unlikely to accept IEA's call to stop new fossil fuel investments

"We do not think the report by IEA has been vetted by the member countries as a position document", said a senior source in the government

Torrent Power posts consolidated net profit of Rs 398 cr in March quarter

Torrent Power on Thursday posted a consolidated net profit of Rs 398.10 crore in the January-March quarter driven by higher revenues.

Power consumption grows nearly 19% in 1st fortnight of May: Govt data

This indicates recovery in industrial and commercial demand of electricity

PowerGrid Infrastructure Investment Trust ends debut trade at 3% premium

The IPO, which concluded on May 3, was subscribed 4.8 times. The IPO was priced between Rs 99 and Rs 100 per unit. The InvIT had raised Rs 7,735 crore