Surging supply from renewables will go some way towards mitigating India's coal shortage amid extraordinarily rapid growth in demand
The proposed funding for the three zones is Rs 1,000 crore with a ceiling of Rs 4,000 crore
The list includes generation units of state-owned NTPC, and privately owned units of Tata Power, Adani Power, CESC, Hindustan Power
Stock at power stations 'reducing consistently' since May 2020, says CREA.
India expects local coal supply to fall 42.5 million tonnes short of demand in the September quarter, 15% higher than previously projected
Most state-run utilities are debt-laden and will have to import more coal to fire their power plants due to reduced local supply
Stocks of power companies rise in tandem with the soaring mercury. But the sector is grappling with low coal inventories. Will the situation worsen amid high power demands? Should investors bet on it?
Currently, some 59 per cent of the power plants dependent on domestic coal are running low on coal stock
A coal shortage could aggravate power cuts in many states, leading to economic growth losing momentum.
Nepal may cut power to its industrial corridors soon as the Himalayan nation is not getting adequate power supply from India, authorities said on Thursday.
India's onshore wind capacity stands at over 40 GW, and for grid-connected or centralised solar power plants capacity is at around 60 GW.
India added 13.5 GW of renewable energy capacity in 2021-22, which is 128 per cent higher than that in 2020-21, a statement said on Thursday.
"The coal crisis is being witnessed in 12 states once again after October 2021," All India Power Engineers Federation chairman Shailendra Dubey said
India has cut coal supplies to the non-power sector and put on hold plans to increase the number of fuel auctions for utilities due to a slump in inventories at state government-owned utilities
The minister told the House that there was a decrease in the coal-fired electricity produced in the country during the financial year 2020-21 as compared to the previous year 2019-2020
According to the Indian Captive Power Producers Association, amid rising energy prices globally, electricity producers will pressurise the government for more domestic coal to fulfill their demand
IEX commenced trade in the Energy Saving Certificates (ESCerts) under Perform, Achieve and Trade Cycle-II on October 26, 2021
The government will soon enhance the funding under the production linked incentive (PLI) scheme for the domestic solar cells and module manufacturing to Rs 24,000 crore from the existing Rs 4,500 crore to make India an exporting nation. "We brought the PLI scheme (for solar cells and modules) worth Rs 4,500 crore. We invited bids and we got 54,500 MW manufacturing capacity of solar equipment. We asked the government to sanction Rs 19,000 crore more under the PLI, which was approved (in-principle). Now we would have a PLI of Rs 24,000 crore. We would be exporting solar equipment," Power and New & Renewable Energy Minister R K Singh told PTI. The minister also informed that at present solar module manufacturing capacity in the country is 8,800 MW while the solar cell manufacturing capacity is 2,500 MW. In April this year, the Union Cabinet approved a Rs 4,500 crore production linked incentive (PLI) scheme to boost domestic manufacturing capacity of solar PV modules. The scheme is ..
India will easily achieve the target of 50 per cent share of energy from non-fossil fuels and also the 500-gigawatt (GW) renewable energy capacity before the deadline of 2030 set by Prime Minister Narendra Modi, said Power and New & Renewable Energy R K Singh. It assumes significance in view of Prime Minister Narendra Modi's pledge at the COP26 Climate Conference in Glasgow that India will achieve net zero carbon emissions by 2070. Modi also raised the nationally determined contribution (NDC) target of non-fossil energy capacity to 500 GW by 2030, from 450 gigawatts earlier. Talking to PTI, Singh said, "We are working hard towards the prime minister's target of 500 GW from renewable energy by 2030. We had said we will do 40 per cent (energy from non-fossil fuel) by 2030. We have reached 39 per cent. We will easily achieve the 50 per cent target by 2030. The prime minister has given the target till 2030, we will achieve...before that." He added that the prime minister has increased
Without reforming discoms, India will struggle to meet its bold target of raising non-fossil-fuel generation capacity.