COAL BASED THERMAL POWER GENERATION CAPACITY
Centre says 19 coal mines allocated to 13 thermal power plants for fly ash disposal
In 2023, 19 coal mines were allocated to 13 TPPs for responsible fly ash disposal. Overseen by the Central Level Working Group and Additional Secretary, with the Central Electricity Authority, the initiative promotes sustainability. Fly ash's valuable composition allows for various applications, reducing the carbon footprint and addressing environmental concerns in the coal sector.
JSW Energy plans ₹1.15 L cr capex to diversify operations
JSW Energy announces a strategic shift towards becoming an energy products and services provider, with plans to invest ₹1.15 lakh crore in capital expenditure to achieve 20 GW generation capacity and 40 GWh storage capacity by 2030. The company is expanding its portfolio to include new energy solutions like green hydrogen and battery storage systems. JSW Energy's move aligns with industry trends as other players also diversify beyond power generation. Share prices closed higher at ₹736.5 on the BSE after the news.
DVC to invest Rs 20,000 cr in solar energy projects by 2030
The Kolkata-headquartered corporation now has only 14 MW installed solar capacity and is executing a 348 MW project in association with NTPC. A 250MW/hour capacity of battery storage is also under consideration, he said.
Centre gives in-principle nod to setting up coal-based thermal power plant in Uttarakhand
The central government has given in-principle consent to the establishment of thermal power plant through THDCIL-UJVNL Energy Company Limited (TUECO), an official release here said. According to the SHAKTI policy, Coal India Limited can allow the supply of coal to the production companies of the central and state governments and their joint ventures at notified rates.
Budget 2024: What are power sector's expectations from FM Nirmala Sitharaman?
Budget 2024: With anticipated economic growth and a focus on energy transition, India’s power sector is a top priority for the government. The nation is targeting 500 GW of renewable energy by FY30 and an additional 85 GW of thermal capacities by FY32. ET examines the challenges faced by the sector and its budgetary wishlist.
India's biggest concentrated solar tender likely this year
The tender will be issued by the end of this fiscal, Gupta said. SECI is the nodal agency for implementing the government's renewable energy projects. "There have been solar thermal tenders but not of this scale," Gupta told reporters on the sidelines of India Energy Storage Week 2024 organised by India Energy Storage Alliance.
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Adequate coal stock available, can meet 18.5 days' requirements of thermal power plants: Government
The Centre said that there is sufficient coal reserves for domestic thermal power plants, with stocks at 44.46 million tonnes lasting 18.5 days at current consumption rates, a 33 per cent increase from last year. Coal production increased by 10.58 per cent in the June quarter. Measures have been taken to ensure 98.67 MT stock availability at mines, representing a 33.5 per cent increase from last year. Coordination between coal, railways, and power ministries aims to maintain high coal stock levels at power plants.
Continue blending of 4 per cent imported coal till October 15, government tells power plants
Efficiently managing coal blending requirements and supply logistics is crucial for meeting peak power demand. Maintaining a balance between coal receipt and consumption at domestic coal-based plants is essential for uninterrupted power generation across the country.
Budget 2024: Hi-tech thermal plants may get Rs 6,000 cr viability support
Budget 2024: The Union budget for 2024-25 is expected to include a support scheme for setting up 800 MW coal-based power plants using Advanced Ultra Supercritical (AUSC) technology. The finance ministry is evaluating a proposal for ₹6,000 crore viability gap funding (VGF) and a ₹3,500 crore payment security mechanism for electric buses. The project, based on indigenous technology developed by a consortium of Bharat Heavy Electricals Limited, Indira Gandhi Centre for Atomic Research, and NTPC, is expected to cost upwards of ₹15,000 crore at completion.
Shree Cement's installed power capacity touches 1 GW, to focus on green generation
India's third largest cement manufacturer, Shree Cement, announced on Monday that it has achieved an installed power capacity of 1,000 MW. This milestone was reached with the commissioning of a 19.5 MW solar power plant at its Andhra Pradesh unit. The accomplishment involves a mix of solar, wind, thermal, and waste heat recovery power plants.
Thermal plant load factor to remain healthy at 70 pc in FY'25 on power demand growth of 6 pc: ICRA
ICRA projects a stable outlook for the thermal power segment with a 70% thermal plant load factor expected in FY2025, driven by 6% power demand growth.
India's coal-based power demand at all-time high
Peak demand for power in India's hot, arid northern plains hit a record earlier this week, even as the government said it continues to implement measures to meet high energy consumption.
India set to see biggest jump in coal-fired power in a decade
India is set to add 15.4 gigawatts of new coal power capacity this year, the most in nearly a decade, to meet rising electricity demand. Despite clean-power goals, coal remains vital due to economic growth and severe heat waves. Challenges in energy storage hinder renewable expansion, with slow progress in alternative technologies.
India likely to add 30-35 GW renewable capacity in FY25
India is set to add 30-35 GW of renewable energy capacity this financial year, surpassing last year's 18.4 GW addition. Renewable sources contributed 71% to the 26 GW power generation capacity added in FY24.
India wants to increase domestic coal production, reduce imports, coal minister says
India aims to reduce coal imports and boost domestic production, according to Federal Coal Minister G. Kishan Reddy. The country, a major coal consumer, imported 176 million tons of thermal coal in 2023. Import levels are projected to drop below 160 million tons in 2024. The government's shift towards green energy aligns with Prime Minister Narendra Modi's plan to reach net zero emissions by 2070.
Power Minister Manohar Lal takes stock of capacity addition
Newly appointed union power minister Manohar Lal took stock of capacity addition in transmission, generation, and battery energy storage. He reviewed the power supply situation and discussed the rising electricity demand.
India to spend up to $385 bln to meet renewable energy target, Moody's Ratings estimates
India needs $385 billion for 500 GW renewable energy by 2030. Coal remains key for next decade. Adani Group plans to generate 45 GW of renewable power by 2030 to support India's transition to net-zero by 2070.
Scorching heat drives India's gas-fired power use to multi-year highs in May
Sweltering heat and policy measures are driving a surge in gas-fired power use in India, with LNG imports set to sharply rise over the next two years. Gas-fired power generation doubled in April and May, impacting coal's share. India's LNG imports are forecasted to increase, driven by the power sector's growing demand for flexibility.
Despite record peak demand, power exchange prices remain lower than last year's peak period
The average daily price in the day-ahead market on the power exchange remained lower in May compared to peak periods last year, despite record-high peak demand. This indicates sufficient energy supply from various sources. The average price during May was ₹5.30 per unit, lower than last year's peak period of mid-August to mid-September, which was ₹7.75 per unit. Increased hydro and wind power generation have contributed to this improvement in supply. Even during days of record peak demand, prices remained relatively low on average.
Overheating electricity: How India can address supply shortages and renewable energy challenges
With temperatures soaring to record levels across India, the Government of India has taken steps to address the impending surge in electricity demand by instructing idling power plants to increase operations. This move comes as a response to the high demand for electricity not translating into adequate purchases by utilities, leading to shortages in power supply.
NTPC Q4 Results: Net profit jumps 33% YoY to Rs 6,490 crore; dividend declared at Rs 3.25 per share
State-owned power giant NTPC on Friday posted a 33 per cent rise in its consolidated net profit to Rs 6,490.05 crore in the March 2024 quarter, mainly on the back of higher revenues. The company had reported Rs 4,871.55 crore consolidated net profit in the quarter ended March 2023, a BSE filing said.
Adani group m-cap regains $200 bn-mark as company rebuts coal invoicing allegations
While Adani group denied all allegations, the news report was cited by opposition leaders including former Congress president Rahul Gandhi to demand a probe by a joint parliamentary committee into the alleged wrongdoing.
Vedanta Aluminium turning to renewables, not adding coal capacity: CEO John Slaven
INDIA-VEDANTA-India's Vedanta Aluminium turning to renewables, not adding coal capacity, CEO says
Why power stocks are a healthy combination of high growth and reasonable valuations
Government initiatives and rising energy demand are transforming the Indian power sector, offering investment opportunities with high growth and reasonable valuations. The sector's growth is fueled by a move towards renewable energy sources, positioning India as a major player in global energy markets. A strong correlation exists between GDP growth rate and power consumption.
Govt plans extensively to ensure adequate coal stock at thermal power plants ahead of monsoon
The coal ministry ensures adequate coal stock at thermal power plants before monsoons through sub-group meetings with state power generating companies and an inter-ministerial committee.
Thermal PLFs to remain healthy amid power demand-supply mismatch: Report
India Ratings and Research (Ind-Ra) has maintained a neutral outlook for the power sector for FY25, predicting that thermal plant load factors (PLFs) will remain healthy due to a demand-supply mismatch. The agency believes that the overall plant load factor of thermal power plants will improve to reach closer to 70% in FY25. This is due to higher power demand, domestic coal production ramp-up, slower capacity additions, and dependence on coal-based generation until sufficient storage capacity is built up for the energy transition towards renewables.
Coal's share in India's power generation capacity drops below 50% for 1st time since 1960s
India's share of coal in its total power generation capacity dropped below 50% in Q1 2024, marking the first time since the 1960s. Renewable energy accounted for 71.5 percent of the 13,669 MW power generation capacity added by India in Q1 2024. This trend is well ahead of India's target of achieving 50% cumulative power generation capacity from non-fossil fuel-based sources by 2030. The decline in coal's share mirrors a global trend, with demand for coal in G7 countries hitting record lows in 2023. G7 countries pledged to phase out all unabated coal power generation by 2035.
India projects biggest power shortfall in 14 years in June
India faces severe power shortfall, deferring maintenance and restarting idle units post-hydro decline. Efforts to maximize generation ongoing to meet demand, with focus on renewables and existing plants. Grid-India projects peak night-time demand.
Adani Power shares jump over 7% after Gautam Adani, Rajesh Adani revoke pledged holdings
Shares of India's largest private thermal power producer, Adani Power surged 7.4% to Rs 527 after the company's promoters, Gautam Adani and Rajesh Adani revoked pledged shares worth Rs 8,638 crore.
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