Page 2 - Power Ministry

Power ministry proposes tax-paid green bonds issuance, says report

The bonds are lucrative to investors, while marginally reducing the cost of funds as there is a difference in issuers' tax rate and investors' tax bracket, the official said

Pak suffers nationwide power outage after grid failure: Power ministry

Pakistan faced a major power breakdown on Monday due to a "frequency variation" in the national grid, leaving millions of people in large parts of the country, including capital Islamabad and financial hub Karachi, without electricity. According to the Ministry of Energy, the system of frequency of the national grid went down at 7:34 am local time, resulting in the breakdown. System maintenance work is progressing rapidly, it tweeted. Energy Minister Khurram Dastgir said the restoration work was going on. "I can assure you that power will be fully restored across the country within the next 12 hours, he was quoted as saying by Geo News. Explaining the failure, he said the authorities shut down the power generation system at night due to lower demand in winter to save fuel costs. But when the systems were turned on in the morning, frequency variation and voltage fluctuation were observed in the south of the country somewhere between Dadu and Jamshoro resulting in shutting down of

Sterlite Power bags orders worth Rs 3,800 crore from April to December

Sterlite Power on Monday said it has bagged orders worth Rs 3,800 crore in the first three quarters of this fiscal, which is 90 per cent higher than a year ago. The orders were bagged by the solutions' business unit in the domestic and international markets during the first three quarters FY23, showing a growth of 90 per cent growth compared to the same period of FY22, a company statement said. Sterlite Power is a leading power transmission developer and solutions provider. The new order wins are for the uprate of existing power transmission lines for 132 kV, 220 kV and 400kV of Power Grid Corporation of India (PGCIL) and state utilities like Meghalaya Power Transmission Corporation Ltd (MePTCL), and West Bengal State Electricity Transmission Company Ltd (WBSETCL), it said. For Haryana Vidyut Prasaran Nigam Ltd (HVPNL), the company will supply and install OPGW for fiberization of the state's existing transmission network for 66 kV, 132 kV, 220 kV and 400kV. In the products busines

NTPC's hydel project not linked to 'sinking' Joshimath, says PowerMin

The union power ministry has now come in support of its wholly owned power generator NTPC Ltd backing its claim that the hydropower project had no role in play in the cracks being witnessed

Coal India should aim to provide electricity at just price: Chairman

State-owned CIL chief Pramod Agrawal has said that the coal behemoth should aim at providing electricity to the county at "just price" as 80 per cent of the company's supplies is directed towards coal-based power plants. Coal India (CIL) accounts for over 80 per cent of domestic coal supply and three quarters of the country's power generation is coal-based. In a recent message to its employees, Agrawal who is the chairman and managing director of CIL said that "our role is to supply assured energy at affordable costs". Stating that as there is a sizeable scope for energy expansion in the country for the next few decades, he said that the company has a greater responsibility to shoulder. "Aim for even loftier heights in the last quarter of the financial year and make FY23 momentous by shattering the annual targets as well. And, not rest there. Once we achieve 700 MT production target that should be a benchmark base for further growth," he said. Agrawal asked the employees to make

Targeting to double coal inventory with power plants by March: Coal secy

Coal Secretary Amrit Lal Meena said all the coal companies of national miner Coal India (CIL) had more coal than their targeted production for the upcoming summer season

Govt expects utilities' annual coal demand to surge 8% to 821 mn tonnes

State-run Coal India, which accounts for 80% of India's coal production, is seen supplying 620 million tonnes to the power sector in 2023-24, compared with a projected 580 million tonnes in 2022-23

Power Ministry asks utilities to import 6% of coal requirement until Sept

Coal accounts for more than 70% of India's power generation, with coal-fired plants accounting for more than three quarters of India's use of the polluting fuel

Looming crisis: As power demand hits a peak, gencos told to import coal

Domestic coal supply to be regulated for those not adhering to the directive

Govt asks utilities to import 6% of their coal need until September

India's power ministry has asked utilities to import 6% of their coal requirement until September, according to letter seen by Reuters

Demand for power remains hot as chill sets in, touches record summer highs

India's national average peak power demand crossed has crossed 200 Gw

Power ministry, DRDO signs MoU for early warning system for hydro projects

The Power Ministry on Tuesday signed a memorandum of understanding (MoU) with the Defence Research and Development Organization (DRDO) for the implementation of an early warning system for vulnerable hydro projects or power stations. The ministry and the DRDO will jointly work towards developing suitable mitigation measures against avalanches, landslides, glaciers, glacial lakes and other geo-hazards, an official release said. The expertise of the DRDO will also be utilized in developing comprehensive Early Warning System for vulnerable hydro projects/ power stations in hilly regions. The ministry has taken the initiative of implementing Early Warning System (EWS) in the hydro power projects especially those located in upper reaches of hilly regions. The EWS is an integrated system of hazard monitoring, forecasting and prediction, disaster risk assessment, communication and preparedness for timely action to reduce disaster risks in advance of hazardous events. The ministry has alr

Power demand to fall in H2, gencos' receivables to go up: Fitch Ratings

The LPS Rules regulate access to power in case of non-payment of dues by discoms to gencos

Carbon credit market: Why power ministry is best suited to run this project

The power ministry feels it is in the best position to decide what types of products should be introduced in the carbon credit market

Parliament passes bill to mandate use of renewable energy, carbon trading

The Bill is expected to be a step for India toward fulfilling its goals of cutting emissions and the use of renewable energy

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

Govt will make efforts to meet 230-Gw peak demand in April 2023: Power secy

The government will take all possible measures to meet the 230 gigawatt (GW) single-day peak demand expected in April 2023, according to Power Secretary Alok Kumar. On Wednesday, Power Minister R K Singh presided over a meeting to review the preparation to meet the high electricity demand expected in April next year. The top power ministry official, Chairperson of the Central Electricity Authority (CEA) Ghanshyam Prasad besides other government officers were part of the meeting. On the outcome of the meeting, the secretary told PTI there are two parameters on which the government will work. Firstly, it will ensure there should be enough power generation capacity, and for that companies have been directed to carry out maintenance work of their plants so there is no issue at that time, he said. According to Kumar, the demand in April next year could be as high as 230 GW. As per official figures, the maximum all-India power demand met at 2:51 pm on April 26, 2022 was 201.066 GW. Th

Single-day peak power demand to rise by up to 35,000 MW in April: Power min

The single-day peak demand for power is expected to increase by up to 35,000 MW in April 2023 and the government has started preparations to meet the same, Union minister R K Singh said on Wednesday. Speaking to PTI, the minister for power, new & renewable energy said he is taking up a meeting this evening to review the preparation of the expected demand which will be seen in April next year. According to official figures, the maximum all-India power demand met at 2:51 pm in April 2022 was 201.066 GW. The single-day demand is expected to grow by 30,000 MW to 35,000 MW in April, Singh said on the sidelines of the launch of 'Plan on Transmission System for integration of 500-MW non-fossil Fuel Capacity by 2030'. "Today, on a daily basis the demand is 20,000 MW-25,000 MW more over the corresponding day last year...The meeting is about what will be the demand in April and how prepared we are to meet that," he said. Power Secretary Alok Kumar, Chairperson of the Central Electricity ...

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

Power Min waives inter-state transmission charges for new hydro projects

The Power Ministry on Friday announced a waiver of inter-state transmission charges on wheeling electricity for 18 years for new hydropower projects. The waiver is already available to solar and wind power projects. The government has set an ambitious plan to have 500 GW of generation capacity from non-fossil energy-based sources by 2030. "In a further step to realise the Government of India's commitment to achieve its power requirement from renewable energy sources, Ministry of Power has issued an order for the waiver of Inter-State Transmission system (ISTS) charges on transmission of electricity generated from new hydro-power projects," a power ministry release said. Hydropower projects, being clean, green and sustainable will be of paramount importance in our clean energy transition journey. They are also essential for the integration of solar and wind power, which are intermittent in nature, the ministry said. In acknowledgement of the inherent qualities of hydro-power, the ..