SURPLUS POWER
What impact will Trump's return to power have on market? Arnab Das answers
It seems like the US economy is cooling down now and inflation is cooling down, the jobs market is cooling down, so we are headed towards the first of possibly a few or more Fed rate cuts.
Delhi's electricity bills are on the rise: Here's why you might be paying more
Delhi Electricity Bill: Electricity bills in Delhi saw an increase due to a rise in the power purchase adjustment charge (PPAC) across various discoms, starting this February. This adjustment, effective from February, reflects higher power purchase costs influenced by rising coal and fuel prices. PPAC, a surcharge managed by the Delhi Electricity Regulatory Commission (DERC), aims to cover these fluctuating costs incurred by discoms.
In 10 years, India no longer a charity case, it's the driving force of world economy: Sanjeev Sanyal
There are no such things as poor people. They are poor places. Say two brothers grew up in Moradabad. One of them stays back in Moradabad and another went off to Dubai. After five years, one person will be earning a lot more than the other. Why does this happen? It is because places matter, says Sanjeev Sanyal
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.
BSES has a new plan to keep Delhi's lights on, debuts India's largest battery storage system
BSES, a major power distribution company in Delhi, has inaugurated India's first utility-scale Battery Energy Storage System (BESS). This innovative system ensures uninterrupted power supply to residential areas, even during technical faults or grid failures. The project, located at BSES Rajdhani's Kilokari substation, aims to enhance grid stability, reduce power procurement costs, and integrate renewable energy sources. The BESS, utilizing advanced Lithium Iron Phosphate (LFP) technology, sets a benchmark for future energy storage projects in India.
As unrelenting heat wave makes power demand spike, utilities told to be on high alert
The ministry's statement highlighted that the northern region has faced high electricity demand since May 17, 2024, due to the heatwave. Despite these tough conditions, the highest-ever peak demand of 89 GW in the northern region was successfully met on June 17, 2024.
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What can be the risk to the India bull case scenario? Jonathan Garner answers
There has been unprecedented heat in SoutheastAsia also over the last couple of months. So, I would highlight that as really quite a pressing issue at the moment. I think some of the traditional issues around, let us say, oil import bill and that sort of thing or vulnerability to Fed cycles, they have been much diminished now that the current and capital account situation in India is so much stronger.
Centre may seek nod for coal exchange
The coal ministry is expected to seek approval for India's first coal trading exchange as part of its 100-day action plan. The exchange aims to facilitate transparent coal trading for both captive and commercial auction holders, potentially leading to better prices for consumers. Surplus stock from Coal India Ltd may also be traded on the exchange. The ministry's plan includes upgrading coal transportation and loading systems, adding 600 MW of thermal power capacity by NLC India Ltd, and bidding out around 10 coal gasification projects.
EV owners may soon sell battery power back to grids like rooftop solar scheme
With V2G technology, EV owners can charge their vehicles during off-peak hours and sell the stored power when their vehicle is not in use, earning incentives set by the Delhi Electricity Regulatory Commission. "This is pretty much like selling surplus rooftop power to the grid and earning incentives," said the official.
Thanks to proactive planning, no power crisis in state, says Karnataka Energy Ministry
Karnataka's strategic use of renewable and non-renewable energy resources has enabled it to meet rising energy demands, especially during peak summer months, according to state Energy Minister K J George. The state achieved record power consumption levels between February and May this year, with peak demand reaching 17,220 MW on February 12 and daily consumption averaging 332 million units on April 5. This success is attributed to increased generation capacity, renewable energy integration, efficient grid management, and demand-side management initiatives. Additionally, the state negotiated power exchanges with other states to manage excess demand, showcasing Karnataka's commitment to sustainable energy practices.
Modi’s return paves the way for infrastructure ramp up, says Vinit Bolinjkar
I believe that with the RBI having given the government more than one lakh additional surplus, I think there is a lot of room for manoeuvre and to announce all these projects.
Weaker BJP in power won't increase borrowing in July budget, says Kotak Mahindra Bank
Budget 2024: A weaker majority for Prime Minister Narendra Modi's alliance may lead to increased welfare spending without the need for additional borrowing, potentially limiting a rise in bond yields, according to a senior executive at Kotak Mahindra Bank . The government is expected to utilize a large dividend from the Reserve Bank of India for welfare schemes, rather than increasing gross borrowing in the upcoming budget. Despite concerns of populist measures, the executive rules out a supply cut in bonds and forecasts the 10-year benchmark yield to remain below 7.10% over the next six months.
Electricity trade volumes on IEX jumps nearly 29 pc to 10,633 mn units in May
Indian Energy Exchange's trade volume grew by 29% in May, with electricity volumes increasing by 21%. The renewable energy certificates (RECs) surged by 640.3% yearly, impacting obligated entities and voluntary customers. Proactive measures by the government and regulators influenced trading platforms and market prices.
Need to be slightly circumspect of the rally in commodities: Ashish Gupta
Inflation has consistently been lower than historic trends. We have much more stable currency. We have a current account which is either in a minor deficit or a minor surplus.
Google invests 1 billion euros in Finnish data centre to drive AI growth
In recent years, many data centres have been located in the Nordic countries because of the region's cooler climate, tax breaks and abundant availability of renewable power.
Explained: What are the advantages of marginal trading facility or MTF
Margin Trading Facility is a safe product allowing investors to purchase more stocks through leverage trading. It enables increased purchasing power, efficient capital allocation, higher ROI, and lower taxes for traders. MTF improves the possibility of profits as well as empowers traders to capitalize on promising market opportunities without having to liquidate their current holdings.
Modi govt's new solar scheme has three big hurdles
The government has launched a new scheme to encourage the installation of solar panels on rooftops, aiming to triple renewable capacity by 2030. The program provides subsidies to install grid-connected systems, allowing households to reduce electricity bills and sell extra power to the grid. However, challenges remain, including difficulties with electricity distribution companies (DISCOMs) and a lack of skilled workers. Despite these hurdles, the initiative is expected to create jobs and significantly reduce CO2 emissions.
Pre-emptive steps, better planning help meet peak power demand in April
India copes with high power demand during heat wave, hitting 224 GW last month. Major load from air conditioners. Heatwave continues till May 6. Majority electricity from coal-based power, with growth in solar and wind power.
Renewable energy accounted for 71 per cent of India's new power generation in FY 24
India's total installed energy capacity has now reached 442 GW, with RE comprising approximately 33 per cent (144 GW) and hydro contributing 11 per cent (47 GW), according to the report by CEEW Centre for Energy Finance (CEEW-CEF).
How rising summer demand & Sec 11 extension may benefit 3 power companies: Rupesh D Sankh
Rupesh D Sankhe discusses the strong fundamentals in the power sector, with some companies facing stretched valuations. Opportunities exist in renewable energy sectors and ancillary companies like smart meter manufacturers and HVDC companies. Sankhe says: "With the kind of investment that is happening on the solar, wind side, companies like Suzon Energy, Inox Wind will benefit from the RTC tenders as well as the wind auction which is happening."
Amid rising likelihood of a scorcher of a summer, govt powers up to help India fight extreme temperature
The Indian Meteorological Department (IMD) predicts extreme heat in India during April-June this year, particularly impacting central and western regions. More heatwave days are expected this year in most of the plains during summer, the IMD says.
Power ministry prepares for the summer
Power minister RK Singh held a series of meetings to review the power capacities and preparations for the summer that is expected to exhibit above-normal temperatures in most parts of the country, according to the statement. A peak demand of 260 GW is expected between April and June, higher than the peak of 243 GW recorded last year in September.
Delhi's economy to grow at 9.17% in FY24, per capita income surges by 22% to Rs 4.61 lakh
Delhi's per capita income increased by 22% to Rs 4.61 lakh. FM projects 9.17% economic growth. GSDP may reach Rs 11,07,746 crore. Delhi's budget tabled on March 4. Lowest inflation rate, declining unemployment, and free services by Kejriwal government contribute to Delhi's economic growth.
Rules amended to push sale of surplus power on bourses
Amendments have also been made to align the rules with statutory provisions related to accessing the national power grid. The rules lay that if outstanding dues are paid, the regulation of access will end and need to be restored within a day after the payment.
Govt amends rules to mandate gencos to give surplus power to exchanges
The government has amended the Electricity (Late Payment Surcharge and Related Matters) Rules of 2022 to ensure adequate supply of electricity to consumers. The amendments include changes related to surplus power, late payment surcharge, and access to the national power grid. Union Minister R K Singh announced the key amendment regarding surplus power and the eligibility criteria for power generators.
India expected to be surplus in coal production by FY26: Govt
Replying to a query in Lok Sabha, coal and mines minister Pralhad Joshi said, "India is expected to be surplus in coal production by the year 2025-26 except for some high quality coal and coking coal required for steel sector and ICB plants."
Surplus CPSE dividend unlikely to offset disinvestment revenue shortfall in FY24
The Indian government may face a disinvestment shortfall in FY24 due to potential delays in the strategic sale of IDBI Bank, possibly spilling into FY25. While surplus dividends from Central Public Sector Enterprises (CPSEs) might not fully compensate for the anticipated shortfall, the government is considering revising its combined disinvestment and dividend target of Rs 94,000 crore.
Ambition makes sense when you have surplus of seventy generations? Ramayana has the answer
The article draws a metaphor from the Ramayana, using the character Kabandha to represent the insatiable hunger and relentless growth associated with both Capitalism and Socialism. It explores how modern society praises endless ambition and the pursuit of wealth, framing contentment as a pathology. The author suggests that individuals, especially the affluent, are trapped in this hunger without permission to be satisfied.
BJP slams government over load-shedding woes in Karnataka, calls it 'Congress guarantee of dark state'
The Bharatiya Janata Party (BJP) has criticized the Congress party accusing it of turning Karnataka from being a power surplus state to a power deficit state. The BJP claimed that the increase in power tariffs and the possibility of load-shedding are a result of the Congress' failure to fulfill their promise of providing free electricity. The state's reliance on thermal plants, due to half-filled reservoirs caused by a weak monsoon, has further aggravated the situation.
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