India Power Production

India to have 777 GW power generation capacity to meet peak demand by 2030

India is likely to have 777 GW power generation capacity, including 500 GW clean sources and about 277 GW fossil fuel-based, to meet the projected peak demand of about 335 GW by 2030, Parliament was informed on Wednesday. "Accordingly, the percentage of clean sources of energy in the total installed capacity is likely to be 64.4 per cent by 2029-30," Minister of State for New & Renewable Energy Shripad Yesso Naik said in a written reply to Lok Sabha on Wednesday. The minister said that to meet the projected peak demand of 334.8 GW and energy requirement of 2,279.7 billion units of the country, as per the National Electricity Plan. He added that the installed capacity for the year 2029-30 is likely to be 7,77,144 MW comprising of fossil-based capacity of 2,76,507 MW and non-fossil-based capacity of 5,00,637 MW along with a battery energy storage capacity of 41,650 MW/208,250 MWh. The coal-based capacity will be 2,51,683 MW and the gas-based capacity will be 24,824 MW, the minister .

Andhra to review power deal linked to Adani Group amid US SEC charges

The Andhra Pradesh government was set to procure 7,000 MW of solar power from Adani Group through Seci aiming to supply cost-effective power to the agricultural sector

CESC secures LoI for Rs 871 cr deal to acquire Chandigarh power firm

After a nearly three-year wait because of legal wrangles, Eminent Electricity Distribution Ltd, a subsidiary of CESC Ltd, has received the Letter of Intent (LOI) for acquiring 100 per cent equity in a company responsible for electricity distribution and retail supply in Chandigarh. CESC, part of the RP-Sanjiv Goenka Group, had emerged as the highest bidder for the Rs 871-crore deal, securing the tender for the Chandigarh distribution business in 2021. However, the privatisation bid was challenged by trade unions. The Punjab and Haryana High Court recently dismissed the petition filed by employees of the Chandigarh Power Department, clearing the way for privatising power distribution services in the union territory. We write to inform you that Eminent Electricity Distribution Ltd, a wholly-owned subsidiary of CESC Ltd, has received a Letter of Intent for acquiring 100 per cent shares in a distribution company responsible for electricity distribution and retail supply in the Union ...

Khattar launches 1st trilateral power flow deal from Nepal to Bangladesh

During the visit, both sides had expressed their commitment towards greater sub-regional cooperation, including in the energy sector, which would lead to increased interlinkages between the economies

CG Power Q2 FY25 results: Net profit declines 10% to Rs 220 crore

CG Power and Industrial Solutions on Monday reported a nearly 10 per cent decline in its consolidated profit after tax to Rs 220 crore for three months ended September 2024. Its profit after tax (PAT) was Rs 244 crore in the year-ago quarter. Aggregate sales for the quarter increased 21 per cent to Rs 2,413 crore during the July-September quarter of the current fiscal from Rs 2,002 crore in the same quarter of 2023-24, the company said in a stock exchange filing. The order intake for the second quarter rose 42 per cent to Rs 3,302 crore, and the unexecuted order backlog stood at Rs 7,965 crore (48 per cent higher year-on-year) as of September 30, 2024. Its consolidated results include the performance of the operating subsidiaries in Sweden, Germany and Netherlands (Drives and Automation Europe), CG Adhesives Products (India), CG Semi (India), GG Tronics India and other non-operating and holding subsidiaries. On a standalone basis, the company's profit stood at Rs 223 crore, down

PLI for transmission equipment manufacturing can be explored: Power secy

Various options, including PLI for transmission equipment manufacturing, can be explored to boost the power transmission infrastructure of the country, Power Secretary Pankaj Agarwal said on Monday. Agarwal said he has requested the industry stakeholders to think about ways to localize the supply chain for transmission equipment. He was replying to a question on PLI scheme for transmission equipment, on the sidelines of 'Brainstorming Conclave on Indian Power Sector Scenario by 2047' organised by Central Electricity Authority (CEA) in partnership with Ficci. "I requested the participants to also think how can we localize the supply chain for transmission equipment as global supply chains are under strain...and do we need some PLI kind of scheme for some kind of equipment....I have requested to explore that whether that can help or some of other driver would be required," the official said. Agarwal also said that about 1650 GW of renewable capacity worldwide is waiting to get connec

Power demand may reach 270 GW next year, 446 GW by 2035: CEA Chairperson

It will focus on all aspects of power sector generation, transmission and distribution, Prasad said, adding that sufficient capacities are being added in the country to meet the future demand

India coal-fired power output falls consecutively for 1st time since Covid

Heavy September rainfall in the west and north resulted in lower power demand, CRISIL, a unit of ratings agency S&P, said in a recent note

India's power consumption declines 4.7% to 144.2 billion units in Aug

India's power consumption declined 4.7 to 144.21 billion units (BU) in August compared to the year-ago period, mainly due to the above normal rainfall across the country which reduced the use of cooling appliances like air conditioners and desert coolers. According to the Indian Meteorological Department, the country recorded 287.1 mm of rainfall in August, which is about 16 per cent higher than the normal 248.1 mm. In August 2023, the power consumption stood at 151.32 BU, according to official data. The highest supply in a day (peak power demand met) also contracted to 216.68 GW in August 2024 against 236.29 GW in the year-ago month. The peak power demand touched an all-time high of about 250GW in May this year. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. Earlier this year, the power ministry projected a peak power demand of 235 GW during the day and 225 GW during evening hours for May and 240 GW during daytime and 235 GW in the eveni

C&I segment emerges as lucrative for energy companies and investors

Leading names in the energy sector Tata Power, JSW Energy, ReNew, Hero Future Energies, and Sterlite Power have announced plans for a dedicated C&I business vertical

Govt's changed power export rules could lead to gain for Adani: Report

Plants selling their entire power to India's neighboring countries may be allowed a domestic grid connection in case of a consistent drop in offtake or payment defaults

Reliance Power Q1 results: Net loss narrows to Rs 98 cr on improved income

Reliance Power on Wednesday said its consolidate loss narrowed to Rs 97.85 crore during the June 2024 quarter, on account of improved income. It had reported a loss of Rs 296.31 crore in the April-June period of the preceding 2023-24 financial year, the company said in a regulatory filing. The company increased its income to Rs 2,069.18 crore from Rs 1,951.23 crore in the year-ago period. Shares of the company closed 2.01 per cent down at Rs 29.77 apiece on the BSE. Part of Reliance Group, the company has close to 6,000 MW of operational power generation assets.

India's power generation capacity rose to 4.46 GW in last decade: Govt

India's total installed power generation capacity has grown around 80 per cent over the last 10 years to 4,46,190 MW (4.46 GW) in June 2024, Parliament was informed on Monday. The installed capacity, which was 2,48,554 MW in March 2014, reached 4,46,190 MW in June, the Union Minister of State for Power Shripad Naik said. In a reply to the Rajya Sabha, he said the installed capacity of coal-based power has increased from 1,39,663 MW in March 2014 to 2,10,969 MW in June 2024. While the installed capacity of renewable sector has increased from 75,519 MW in March 2014 to 1,95,013 MW in June 2024, the minister added. The Government of India proposes to set up an additional minimum 80 GW coal-based capacity by 2031-32, Naik said. He further said 1,95,181 circuit kilometer (ckm) of transmission lines, 7,30,794 MVA of transformation capacity and 82,790 MW of inter-regional capacity have been added, connecting the whole country into one grid running on one frequency with the capability of

Pvt sector owns over 52% of installed power generation capacity of 446GW

Private sector owns over 52 per cent of the total installed power generation capacity of 446GW in the country, playing an important role in the sector, Parliament was informed on Thursday. In a written reply in Lok Sabha, Minister of State for Power Shripad Naik said, "Private sector is playing an important role in India's power generation. Generation is a de-licensed activity as per the Electricity Act, 2003 and 100 per cent Foreign Direct Investment (FDI) in the power sector in India is permitted for generation from all sources (except atomic energy)." As on June 30, 2024, total installed capacity in the country is 4,46,190 MW and out of which the contribution of the private sector is approximately 2,34,065 MW i.e. 52.5 per cent, he informed the House. Also, he stated that most of the renewable energy projects in the country are being set up by private sector developers selected through a transparent bidding process. In another reply to the House, the minister said that with the

Govt directs utilities to procure $33 bn equipment for coal power boost

The unprecedented move by the government will help add 31 gigawatts (GW) in the next 5-6 years

India's power demand surge may require national electricity plan revision

India faces unprecedented surge in power demand with its peak expected to reach 260 GW by September or October this year

India set to register biggest jump in coal-fired power in a decade

The world's most populous nation expects to add 15.4 gigawatts in the year through March 2025, the most in nine years

No monthly minimum charges for domestic power consumers: Haryana CM Saini

Haryana Chief Minister Nayab Singh Saini on Monday said the monthly minimum charges for domestic power consumers have been abolished and electricity bill will now be based on the number of units consumed. An official statement quoting the chief minister said from now on, people of the state will receive bills based solely on the number of units of electricity consumed. "From now on, residents of the state will receive bills based solely on the number of units of electricity consumed, providing much-needed relief to electricity consumers," the statement said. Saini was addressing an event in Ambala, while launching the additional subsidy scheme in Haryana under the "Pradhan Mantri Surya Ghar Muft Bijli Yojana". Under the scheme, Saini said a subsidy of Rs 60,000 will be provided by the central government, for setting up a rooftop solar plant for poor families having an annual income of less than Rs 1,80,000. Additionally, a subsidy of Rs 50,000 will be provided by the state governm

Scorching heat fuels India's gas-fired power use to multi-year highs in May

More than 75 per cent of India's power generation was from coal in 2023, while gas-fired plants have accounted for only about 2 per cent in recent years, largely because of the high cost of gas

India's power usage rises 15% to 156.31 bn units in May due to extreme heat

India's power consumption rose nearly 15 per cent to 156.31 billion units (BU) in May as compared to the year-ago period, mainly due to scorching heat in the country which forced excessive use of cooling appliances like air conditioners and desert coolers. In May 2023, the power consumption stood at 136.50 BU, government data showed. The highest supply in a day (peak power demand met) also rose to an all- time high of 250.07 GW in May 2024 against 221.42 GW in the year-ago month. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. Last month, the power ministry had projected a peak power demand of 235 GW during daytime and 225 GW during evening hours for May and 240 GW during daytime and 235 GW during evening hours for June 2024. The ministry also estimated that peak power demand may hit 260 GW during this summer. Experts said the increase in power consumption as well as growth in demand was mainly due to high mercury levels in May which for