Page 4 - Power Sector

Coal India signs pact with DVC for Rs 16,500 crore power project in J'khand

State-owned Coal India on Monday said it has entered into a pact with with Damodar Valley Corporation (DVC) for setting up a ultra supercritical power plant in Jharkhand with a total investment of Rs 16,500 crore. Ultra-supercritical power plants operate at higher steam temperatures and pressures than supercritical plants, leading to improved efficiency and reduced emissions. "Widening further its business diversification portfolio into thermal power generation, Coal India Ltd (CIL)...formally joined hands with Damodar Valley Corporation (DVC) to set up a coal fired 2 x 800 MW ultra supercritical power plant in Jharkhand," the PSU said in a statement. The brownfield project will be an expansion of existing Chandrapura Thermal Power Station which at present operates with the capacity of 2x250 mw. The total investment would be to the tune of Rs 16,500 crore. The joint venture company would be on 50 per cent equity sharing basis. Coal for the proposed power plants would be sourced fro

NTPC installed capacity in Chhattisgarh to reach 9,580 Mw by 2029

NTPC Western Region II, headquartered in Chhattisgarh, operates five power stations

India lead in new coal proposals in 2024, says Global Energy Monitor

Approximately 60 per cent of the 38.4 GW of India's new proposals are backed by state-owned entities (SOEs) using public funds

Punjab power regulator unveils new tariffs, no hike for domestic consumers

Punjab power regulator PSERC on Friday announced a new tariff order for 2025-26 with no hike in electricity charges for domestic consumers. The Punjab State Electricity Regulatory Commission determined the revenue surplus of Rs 311.50 crore after the requisite detailed prudence check even as power utility Punjab State Power Corporation Limited had submitted that it has a revenue deficit of Rs 5,090.89 crore and had requested an increase of tariff accordingly. An official release said in the case of domestic supply and non-residential supply consumers, the three-slab system in the electricity tariff has been converted into the two-slab system without any extra financial load on consumers. "This will help towards easy preparation and consumer-friendly bills," it said. "With the merging of slabs, no consumer will be paying anything extra. Domestic consumers with more than 300 units will be paying lower charges by approximately Rs 160 per month for loads up to 2 kW, Rs 90 a month for .

Steps taken for meeting 277 GW peak power demand in FY26: Shripad Naik

The government has taken steps to ensure uninterrupted power supply and meet the projected peak power demand of 277 GW in 2025-26, Union Minister Shripad Naik said on Thursday. The All India Peak Demand for 2024-25 (till February) was 249.856 GW, registered on May 30, 2024. However, this peak demand was successfully met with only a marginal gap of 2 MW, the Minister of State for Power said in a reply to the Lok Sabha. In 2025-26, Naik said a peak demand of 277 GW is expected as per the mid-term review of the 20th Electric Power Survey. "The country is confident to meet this projected demand with optimal usage of existing and under construction capacities," he said. Besides, all power generation companies, including independent power producers (IPPs) and central generating stations, have been advised to generate and maintain full availability on a daily basis, excluding the period of planned maintenance or forced outage. Planned maintenance of generating units is being minimised .

REC board approves ₹1.70 trillion borrowing plan for FY26 operations

REC Ltd plans to raise ₹1,55,000 cr in FY26 via domestic bonds, debentures, capital gains bonds, rupee term loans, and external commercial borrowings (ECBs)

4 IPOs, 2 FPOs in power ministry's five-year monetisation pipeline

4 IPOs, 2 FPOs in PowerMin's Monetisation pipeline

India's power demand may rise 9-10% in 2025 as summers arrive: Experts

India should prepare for a nine to 10 per cent growth in peak electricity demand this summer with the country expected to experience more heatwaves, experts have warned. Last year, the all-India peak electricity demand crossed 250 gigawatts (GW) on May 30, which was 6.3 per cent higher than projections. Climate change-induced heat stress is one of the key factors driving electricity demand. Currently, industries, households and agriculture account for 33 per cent, 28 per cent and 19 per cent of India's total electricity consumption, respectively. Household electricity demand has grown the fastest over the past decade, according to Disha Agarwal, Senior Programme Lead Renewables at the Delhi-based think tank Council on Energy, Environment and Water. The share of household electricity consumption increased from 22 per cent in 2012-13 to 25 per cent in 2022-23. Much of this rise can be attributed to economic growth and the increasing need for cooling due to rising temperatures, expert

Torrent Power, Gama Infraprop win tender to supply gas-based power

NVVN is the nominated nodal agency for facilitating supply from gas-based power plants (GBPs) from March 25 to October 15, a period identified 'high-demand' this year

Power planning: Proactive management key to preventing shortages

The Grid Controller of India, the NLDC's parent organisation, has predicted a one-in-three chance of a shortfall in May alone

DVC launches Rs 1,500 cr project to modernise power supply, reduce losses

Damodar Valley Corporation (DVC) has launched a Rs 1,500 crore project to modernise power supply in its command area to ensure round-the-clock quality power and to reduce aggregate technical and commercial (AT&C) losses, an official said on Sunday. DVC's entire distribution network primarily serves industries, with negligible supply to retail consumers. The project focuses on shifting from conventional power distribution to a state-of-the-art, technology-driven system to establish a robust primary and secondary distribution network across DVC's command area spanning 24,235 square kilometres in West Bengal and Jharkhand. "The project capex is nearly Rs 1,500 crore and will be completed in 18 months. The system integrates advanced features such as a distribution management system, outage management system, customer relation management, metering data management system, GIS mapping for real-time communication, ring main units (RMU), and fiber optic-based metering communication ...

Hot summer likely to boost power demand and lift power utility stocks

The regulated tariff model of NTPC provides clear visibility on revenues, and there could be RoE (return on equity) increases given expansion in both thermal and RE

Power stocks: Buy in Summer, Sell in Winter; chart hints up to 27% upside

Here's a technical outlook on key power stocks - NTPC, Tata Power, NHPC, CESC and JSW Energy - as India braces for a hot summer. Track these key support and resistance levels to trade in power shares.

100 GW nuclear power by 2047 ambitious, achievable: Jitendra Singh

Union minister Jitendra Singh on Tuesday said the goal to generate 100 GW nuclear power by 2047 is ambitious and achievable, and state-run Nuclear Power Corporation of India Limited (NPCIL) and its subsidiaries aim to fulfill nearly half of that target. Addressing a post-budget webinar organised by NITI Ayog, Singh said India's electricity needs are expected to increase four to five times by 2047 and renewable energy sources alone cannot meet the base-load demand. He said nuclear energy will play a key role in meeting India's energy needs in the future. Singh, as Minister of State in the PMO, oversees the Department of Atomic Energy. "Achieving 100 GW of nuclear power will require a focused and determined approach, adding around four GW annually from now onwards," he said, expressing confidence in meeting the goal with proper planning and execution. He said the Union Budget 2024-25's vision for India's nuclear power expansion has set a target of achieving 100 GW by 2047. Singh s

Power minister Khattar urges industry to work on innovative solutions

Union Power Minister Manohar Lal on Saturday urged industry stakeholders to work on manufacturing innovative solutions to strengthen India's journey towards Viksit Bharat. India's ambitious target of 500 GW of renewable energy target by 2030 provides various opportunities, the minister said, while addressing the Elecrama 2025 event organised by industry body IEEMA in Greater Noida. The power sector is playing an important role in the country's journey towards becoming Viksit Bharat, the minister said, adding that industry stakeholders must work to make the sector a growth engine for India. "The future of power in India is good... in this journey we need to increase production in an innovative way... advance power electronics, efficient transformer, power converters, smart grid solutions are needed to be developed to take benefit of renewable energy (RE)," he told participants, which included domestic and international delegates and investors. Lal further noted that the sector makes

Adani Electricity Mumbai, Noida Power, Gujarat discoms top govt ratings

Overall AT&C losses increase marginally, absolute cash gap decreased by 43% from FY23 to FY24: PFC report

India ready to meet 270 GW of peak power demand during summer: Power secy

India is ready to meet up to 270 GW of peak power demand during summer season this year and the government will make it mandatory for thermal plants, especially those using imported coal, to run at full capacity, Union Power Secretary Pankaj Agarwal said on Friday. In 2024, the country was able to meet the peak power demand of 250 GW during summer against the projected demand of 260 GW. Addressing a press conference here, Agarwal informed that thermal power plants in the country have sufficient coal stocks of 51 million tonnes, which is enough for generating electricity for 21 days. "If we require we will invoke Section 11 (of Electricity Act) for meeting the demand," Agarwal assured. The Section 11 allows the government to mandate power producers to operate plants in a specified manner in extraordinary circumstances. Earlier last year, the power ministry had invoked Section 11 and mandated plants using imported coal to run at full capacity to avoid any shortage of power in the ..

India needs $700 bn in power sector to meet net-zero target: Moody's

India's power sector - the biggest carbon emitter - will need massive USD 700 billion investment over the next 10 years to help the country achieve its 2070 net-zero pledge, Moody's Ratings said on Wednesday. Stating that the power sector accounts for around 37 per cent of carbon emissions in the country, the rating agency said the investments required by the power sector during fiscal 2026-51 to be of the order of 1.5 per cent to 2 per cent of GDP (around 2 per cent for the next 10 years), which is manageable for India. The sector, which currently is highly dependent on coal-fired generation, has to make significant decarbonization investments for the country to meet its emission cut goals. "Our expectation of strong economic growth over the next 10 years implies an expansion of India's coal-based power generation capacity in that period, hindering carbon transition," it said. In a note, Moody's pegged power sector's annual investment requirement between Rs 4.5 lakh crore to Rs 6.

Extend waiver on charges for renewable energy till 2030: Power producers

Power producers have asked the government to keep the waiver on inter-state transmission charges for renewable energy until 2030 to help clean energy take root more deeply in India's economy. A consultative meeting chaired by Minister for New and Renewable Energy Pralhad Joshi was held on February 5, where Wind Independent Power Producers Association (WIPPA) and other associations shared their concerns and suggestions. A key demand from the players was to extend the waiver on inter-state transmission system (ISTS) charges, which is otherwise due to end on June 30 this year, sources aware of the matter said. Renewable energy players requested MNRE to extend the ISTS waiver till 2030 to promote investments in the sector and aid India's ambitious energy transition goals. Currently, charges are waived for 25 years for green power projects such as solar, wind, and hybrid projects, and battery energy and pump storage projects commissioned before June 30, 2025. The current ISTS waiver he

Good times are ahead: Hardeep Singh Puri on natural gas availability

Puri said India's investments in Mozambique and Russia assets hold major potential