The accord will be included in the G7 energy ministers' final communique to be released on Tuesday at the end of a two-day meeting in Turin
The tussle for the 1,980-megawatt plant in central India, ensnared in insolvency proceedings, comes after the power minister called last November for more private investment
The domestic coal-based power generation increased by 8.8 per cent to 686.7 billion units (BU) in the April-October period of the current financial year. The domestic coal-based power generation stood at 630.7 BU in the year-ago period. Coal-based power generation (both domestic and imported coal) went up by 11.16 per cent during the April-October period of the current fiscal year, as compared to the corresponding period of the previous financial year. The rise has been on account of an unprecedented rise in temperature, delayed monsoon in the northern region of the country coupled with the resumption of full commercial activities post-Covid, the coal ministry said in a statement. Despite the escalating power demand, coal import for blending has dropped by 46.57 per cent to 13.57 (MT) up to October 2023, from 25.4 MT in the corresponding period of previous year. The government persists in its efforts to further enhance coal production, aiming to increase availability and reduce ..
Modi's administration has previously opposed international efforts to set firm deadlines to phase out the use of coal and envisages a key role for the fuel for decades to come
India continued to send mixed signals about its future coal use, as new plant commissioning slowed to their lowest in years, but plans for new projects persist and no clear retirement plans
Despite making a climate pledge made by Chinese Xi Jinping at the global stage, China is financing coal power plants in Bosnia and Herzegovina.
The coal stock situation at thermal power projects seems to be inching towards normalcy as the number of non-pit head projects having less than four days of coal (supercritical stock) reduced to 61
The policy will come into force in October 2022
The proposed new coal-based power plants totalling 27 GW could "jeopardise" India's target of 450GW renewable energy by 2030, says a report by Ember and Climate Risk Horizons. As per the report, 27 GW of pre-permit and permitted new coal power plant proposals in India are now "superfluous to its electricity requirements". "These coal project proposals could jeopardise the achievement of India's widely-praised RE target of 450 GW by 2030," it said. It said these surplus "zombie" plants - assets that would be neither dead nor alive - would require Rs 247,421 crore (USD 33 billion) of investment, and yet are projected to lie idle or operate at uneconomic capacity factors due to surplus generation capacity in the system. "As India recovers from the disruption caused by the COVID-19 pandemic, how the country uses scarce public resources will be absolutely crucial. By avoiding these unnecessary 'zombie' coal plants, India can not only save lakhs of crores of rupees, but also lower power
Here are the best of Business Standard's opinion pieces for Wednesday
Can we really give up on fresh coal-based plants? And still meet the goal of 24x7 electricity for all? A number of connected issues have to be examined before coming to a conclusion
"We do not think the report by IEA has been vetted by the member countries as a position document", said a senior source in the government
Under pressure to commit to a net-zero target before climate change talks in Glasgow in November, the world's third-biggest emitter of greenhouse gases has been considering a 2050 deadline
The observations are significant as India was in 2019 named the world's largest emitter of SO2
The air quality index in Delhi read 357 at 4pm on Saturday, over 100 notches less than Friday as strong winds abated the smog lingering over the NCR for the past four days
It is in line with decision of the central govt to convert stressed assets into 'national assets
Companies looking to augment power capacities are eyeing these assets