THERMAL COAL
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 coal production rises 14% in June
India's coal production surged by 14.49 per cent to 84.63 MT in June. Coal India Ltd's output was at 63.10 MT, up by 8.87 per cent from the previous year. Coal dispatch reached 85.76 MT, a 10.15 per cent increase, while coal stock held by companies rose to 95.02 MT, showing a 41.68 per cent annual growth. Coal stock at thermal power plants also increased to 46.70 MT, with a 30.15 per cent annual growth rate, underscoring the sector's efficiency.
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.
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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.
Power units' imported coal blending may be cut to 4%
India is considering reducing the mandatory blend of imported coal with locally produced fuel for thermal power units from 6% to 4-5% due to higher coal stocks at plants. The advisory on coal blending, extended in March to ensure power availability during peak demand, is set to expire on June 30.
Coal stock at thermal power plants grows 32 pc to 45 MT
Thermal power plants (TPPs) in India reported their highest-ever coal stock of over 45 million tonnes on June 16, a 32% increase from the previous year. The Ministry of Coal worked tirelessly to ensure a consistent coal supply by enhancing production, logistics management, and inter-agency coordination. Cumulative coal production reached 207.48 million tonnes, reflecting a 9.27% growth. Coal India Ltd recorded a 7.28% increase in coal production and a 4% growth in dispatches.
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.
Weak hydro output may fuel higher coal reliance: S&P
This is despite an increase in coal production, which touched the 1-billion-tonne mark in FY24, which was in line with the government's target of reducing the country's dependence on coal imports, S&P said. Depleting hydroelectricity generation in the backdrop of irregular rainfall last year has led to a lower water level available in the country's primary reservoirs which could further reduce generation during the summer, it said.
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.
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.
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.
Stocks in news: BHEL, Chetan Rajpara, Kalpataru Projects, Torrent Pharma, Century Textiles
Indian equity markets are witnessing dynamic movements with substantial swings. Shares of BHEL, Chetan Rajpara, Kalpataru Projects, Torrent Pharma, Century Textiles, and others will be in focus today. Updates on Force Motors, Bharat Heavy Electricals Limited, Uno Minda, NBCC, and Coal India. News on Mirzapur Thermal Energy, Sun Pharma Advanced Research Company, Inovance Automotive, Birla Estates, and Takeda Pharmaceuticals.
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.
Thermal plants have 30% more coal stocks
Coal stocks at thermal power plants exceed 45 million tonnes, meeting 19 days' requirement despite 30% increase from last year. Government attributes sufficient stock to logistic arrangements for coal supply.
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.
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.
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.
NTPC achieves 20 pc torrefied biomass co-firing at Tanda power plant
NTPC achieves 20% torrefied biomass co-firing at Tanda thermal plant, marking a milestone in India's power sector. Torrefied biomass, akin to coal, enables higher co-firing percentages without major modifications. NTPC aims for decarbonization, exploring biomass co-firing in existing and new coal power plants to reduce emissions and mitigate air pollution.
THDC India aims to make Rs 12,000-crore coal-based thermal power project operational by September
State-owned THDC India Ltd is targeting to have its coal-based power plant up and running by September 2024, signaling its foray into the domestic thermal energy sector, as per a senior company official. The company is in the process of establishing a 1,320 megawatt (2X660 MW) Super Thermal Power Project (STPP) in Bulandshahr district, Uttar Pradesh. Currently, THDC India Ltd has a total installed power generation capacity of approximately 1,587 MW, comprising 1,424 MW from hydro sources, 113 MW from wind, and 50 MW from solar energy.
Coal mine auction likely in May, 30 new blocks to be put on offer
The coal ministry will auction coal mines by May 10 to boost domestic production, reduce imports, and encourage imported coal-based power plants to switch to domestic fuel, aiming for zero thermal coal imports.
Coal India achieves 610.8-MT supply to power sector, tops annual target
Coal India Ltd (CIL) has surpassed its annual supply target of 610 million tonnes to the thermal power sector, achieving 610.8 MT till March 27, a company official said. "This marks the highest coal supply till date to the power sector," he said.
India's coal import rises to 212 million tonnes in April-January period
Of the total imports in January, non-coking coal import was at 12.10 MT, against 10.01 MT imported in January last financial year. Coking coal imports stood at 4.50 MT, marginally lower than 4.74 MT imported in the corresponding month of previous fiscal. "The demand for imported coal in India has weakened in recent weeks. We expect this trend to continue in March in view of the ample availability of domestic coal at mine pitheads and thermal power plants," Mjunction Services MD and CEO Vinaya Varma said.
Coal PSUs must plan pithead-based thermal projects: Coal Secy
The Coal Ministry urges Coal India Ltd and NLC India Ltd to establish pithead-based thermal projects to cut transportation costs and enhance coal accessibility. This initiative aims to decrease dependency on rail and road transportation, reduce logistics expenses, and improve power generation efficiency. Collaborations for power generation ventures in Rajasthan and discussions for similar projects in Uttar Pradesh and Bihar are underway.
Equity investments of ₹5,607 cr by Coal India arms get CCEA nod
Thermal energy was written off a few years ago, which was premature, power minister RK Singh had said in November. Thermal cannot be written off until energy storage becomes viable, he had said. Thermal power is going to stay until energy storage becomes cost-effective for round-the-clock supply through renewable energy, the minister had said.
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