Page 3 - Power Ministry

India's gas target of 15% was only aspirational. Time to give it up?

While several bankers and analysts have projected the difficulty of reaching this number, it is important to figure out where the target of 15 per cent came from

Power Min launches schemes to procure 4,500 MW electricity supply for 5 yrs

The Power Ministry has launched a scheme for the procurement of aggregate electricity of 4,500 MW for five years under of the SHAKTI (Scheme for Harnessing and Allocating Koyala Transparently in India) policy. "Ministry of Power kicks off a scheme for procurement of aggregate power of 4500 MW on competitive basis for five years on Finance, Own and Operate (FOO) basis under B (v) of SHAKTI Policy," a power ministry release said. PFC Consulting Ltd, a wholly-owned subsidiary of PFC Ltd, has been designated as the nodal agency by the Ministry of Power. Under the scheme, the PFC Consulting Ltd has invited bids for the supply of 4,500 MW. The supply of electricity will commence from April 2023. The Ministry of Coal has been requested to allocate around 27 MTPA for this, it stated. The utilities that have evinced interest for the scheme are Gujarat Urja Vikas Nigam Ltd, Maharashtra State Electricity Distribution Company Ltd, Madhya Pradesh Power Management Company Ltd, New Delhi Municip

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

Liberal eligibility key criteria in largest commercial coal mines auction

The Centre is hoping to entice interest from a variety of sectors beyond the core infrastructure

Centre to approve Rs 32k cr investment for power project in Arunachal

Union Power Minister RK Singh on Tuesday assured Arunachal Pradesh Deputy CM Chowna Mein that the Centre would soon approve an investment of Rs 32,000 crore for the Dibang hydroelectric project

Govt proposes pool of old thermal power units to balance more renewable

Pool to address grid balancing concern as states relinquish costly thermal power to procure more RE

Top headlines: Morbi death toll at 132; India Inc eyes Dubai for investment

Prime Minister Narendra Modi on Sunday said he could foresee that India would soon be manufacturing big passenger aircraft that would proudly bear the words 'Made in India'.

Ministries of coal, power to finalise freight cost cut plan: NITI Aayog

Senior coal ministry officials told Business Standard they were aware of the report that NITI Aayog was preparing

Survival of discoms is questionable now: PowerMin to state govts

Lack of timely payment, especially from the other government departments in the state, is one major reason crimping the payment ability of discoms

Adani, GMR and L&T place bids for smart meter tender in Uttar Pradesh

These smart meters will be installed in the areas of four of the five power distribution companies of UP, namely PuVNL, PVVNL, DVVNL and MVVNL.

DY Chandrachud to head panel for appointment of electricity tribunal

The position of the chairperson of APTEL has been vacant since August 2021

Thermal plants not co-firing enough biomass likely to face penalty

The power ministry would also consider reducing coal supply to TPPs not complying with its policy on biomass co-firing, according to a Ministry of Environment, Forest and Climate Change statement

India mulls Rs 20,000-cr aid to manufacture grid-scale batteries

Worried over rival China's dominance in lithium, the nation is in talks with countries including Australia to secure supplies of the battery metal, he said

Top Headlines: PFC as India's lead DFI; card-on-file tokenisation, and more

The Union power ministry has moved a proposal to grant Power Finance Corporation (PFC) the status of a development financial institution (DFI)

Power Ministry pitches PFC as India's lead DFI for energy transition

Power min writes to FinMin, pitching PFC as lead agency for energy transition funding

Discoms' outstanding dues towards gencos to be eliminated by 2026: RK Singh

Outstanding dues of electricity distribution companies (discoms) towards gecos, which remains over Rs 1 lakh crore at any point of time, will be eliminated in the next four years, Union power minister R K Singh said. The government has converted the total outstanding dues of discoms toward gencos (power generator companies) into Equated Monthly Installments (EMIs). These EMIs have maximum tenure of four years and thus the total outstanding dues of discoms would be nil by 2026. "The total outstanding dues of the discoms towards gencos is around Rs 1,13,000 crore. These dues would be totally cleared by 2026," Singh told PTI. Singh explained that the government has put a very robust payment security mechanism for the power sector knowing about the perennial issue of bulging dues of discoms toward gencos. He informed that the power ministry has put in place late payment fee Electricity, (Late Payment Surcharge and Related Matters) Rules, 2022 (LPS Rules 2022) which would trigger snapp

India's power demand growth rate seen nearly doubling in next 5 years

CEA, an advisory body to the power ministry, said in a draft plan India's power demand would reach 1,874 bn units during the year ending March 2027, compared with over 1,320 bn units in 2021/22

India's power consumption grows by 2% to 130.35 bn units in August

India's power consumption grew marginally by nearly 2 per cent year-on-year to 130.35 billion units (BU) in August 2022, according to the power ministry data. Power consumption in August last year was recorded at 127.88 BU, higher than 109.21 BU in the same month of 2020. However, the peak power demand met, which is the highest supply in a day, in August 2022 dipped to 194.94 gigawatt (GW). The peak power supply stood at 196.27 GW in August 2021 and 167.52 GW in August 2020. Power consumption and demand were affected in August 2020 due to the impact of lockdown restrictions that were imposed to curb the spread of coronavirus. The peak power demand met was 177.52GW in August 2019 (pre-pandemic period). Similarly, power consumption in August 2019 was 111.52 BU. According to experts, power consumption and demand remained subdued in August due to rains across the country under an active monsoon. Power consumption as well as demand would grow steadily in coming months in view of norm

Sector majors line up for power ministry's 10 mn smart meter tender

The first phase of the tender is for procurement of 25 lakh meters which would be installed in states in the Central and Western region of the country

Centre's plan on sale of RE power to states offers only a flickering hope

The power ministry's plan to become an intermediary in the sale of green power generation to states is only a limited solution to the larger problem facing state discoms