ENERGY
Adani Group to invest Rs 28,000 crore in Bihar for power, cement, food processing projects
Adani Group will invest Rs 20,000 crore in a Bihar thermal power plant. The group will expand cement, food processing, and logistics operations. Rs 2,300 crore will be invested in logistics, creating 27,000 jobs. Smart meter manufacturing will receive Rs 2,100 crore. Cement plant capacity will increase. The power plant project will create thousands of jobs.
NTPC plans to set up nuclear project in Bihar: CMD Gurdeep Singh
NTPC's Chairman announced plans for a nuclear power project in Bihar, boosting the company's non-fossil energy portfolio. The company has requested land from the state government and will conduct a feasibility study. NTPC also aims to develop significant renewable energy capacity, including solar and battery storage solutions, in Bihar, adding to its existing 8,850 MW capacity in the state.
Adani Energy Solutions forms new arm for power transmission
Adani Energy Solutions Step-Eleven Limited (AESSEL) has been incorporated with the Registrar of Companies, Ahmedabad, Gujarat, on December 17, 2024, and is yet to commence its business operations, the company said in an exchange filing.
NHPC, BEML partner to develop desilting and dredging solutions for hydro power plants
NHPC and BEML partnered to develop desilting and dredging solutions for hydropower plants. This collaboration aims to improve power generation, reduce maintenance costs, and address urban waterlogging by clearing canals and culverts. The solutions will also support dredging operations in waterways and other water bodies, boosting India's renewable energy infrastructure.
Bid to cut electricity costs, import reliance: Talks on to get local coal power up plants
India is exploring ways to transition its 17 GW of imported coal-based power plants to cheaper domestic coal. This move aims to reduce electricity costs, enhance energy security and decrease reliance on overseas sources. Officials are evaluating the feasibility and cost implications of switching to domestic coal, including potential equipment modifications.
India to triple atomic power capacity by 2031
India's atomic power capacity has doubled in the last decade, reaching 8,081 megawatts, and is projected to triple to 22,480 megawatts by 2031. Minister Jitendra Singh attributed this growth to supportive political leadership. He highlighted revised power-sharing arrangements, the success of Kundankulam and Kalpakkam, and India's progress in utilizing thorium reserves for peaceful applications like agriculture and healthcare.
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Tata Power to invest Rs 1.2 lakh crore in Rajasthan
Tata Power has unveiled a ?1.2 lakh crore investment plan for Rajasthan's renewable energy sector. The initiative targets solar, wind, and hybrid projects, along with rooftop solar installations and EV charging infrastructure. This investment aims to create 28,000 jobs and bolster Rajasthan's position as a clean energy hub, contributing to India's net-zero goals.
Amid solar power row, centre plans to review bidding process
Amidst the Adani-Azure solar deal controversy, the central government is reviewing its renewable energy bidding process. A shift from a central bidding process led by SECI to a state-led one is being considered. This change aims to address challenges in securing power purchase agreements and potentially impact India's renewable energy targets.
YSRCP government rejected AP power officials concerns on high tariff, delays
The Andhra Pradesh Power Coordination Committee (APPCC) raised concerns about the high tariff of ?2.49 per unit and potential delays in a 7000 MW solar power project.
Prototype Fast Breeder Reactor to be operational by end of 2025: Govt
India's Prototype Fast Breeder Reactor (PFBR) is expected to be operational by the end of 2025. With the recent addition of Kakrapar units and Rajasthan Atomic Power Project achieving criticality, India's nuclear power capacity is projected to increase significantly by 2030.
About Rs 15 lakh cr required for adding power generation capacity in 2022-27
India plans to invest Rs 15 lakh crore in power generation by 2027. The nation targets 500 GW of non-fossil fuel energy by 2030. This will require significant storage capacity additions. The plan aims to lower carbon emissions. India's peak electricity demand is projected to rise. The government is committed to affordable and reliable power.
Peak power demand may rise 5.4-7.8% between Dec & Feb
Peak power demand from December to February is expected to rise by 5.4-7.8% year-on-year, with projections of 230 GW in December, 237 GW in January, and 234 GW in February. The government ensures adequate capacity to meet the increased demand, which has already surpassed 200 GW in recent days.
Bangladesh asks Adani to reduce power supply citing low demand
Bangladesh has reduced its power purchase from India's Adani Power by half due to decreased winter demand, payment delays, and a foreign exchange shortage. Adani cut supply in response, and Bangladesh maintains payment of old dues while negotiating lower prices, aiming to reduce high costs and subsidies associated with Adani's rates.
Azure group cited TDP PILs, SECI termed exit a 'breach'
The US indictment centers on Azure Power's sudden exit from the Andhra Pradesh Power project due to prolonged litigation, despite SECI's opposition. SECI termed Azure's move as against public interest and alleged it breached performance obligations, potentially impacting consumers and renewable energy goals in Andhra Pradesh.
India's power consumption up 5 pc to 125.44 bn units in Nov
India's power consumption increased by 5.14 percent to 125.44 billion units in November compared to a year ago. Peak power demand also saw a marginal rise to 207.42 GW. Warmer-than-normal weather contributed to subdued growth in power consumption. Experts predict steady power demand due to commercial and industrial activities and a drop in temperature.
November power consumption rises 4% YoY
In November, India's power consumption increased by around 4% to 124.5 billion units compared to the same month last year. The peak power demand reached 207 GW. Coal production also saw a 7.2% rise, with power plants maintaining coal stocks of 39.8 million tonnes, expected to grow during winter months.
Adani can bill Andhra Pradesh ?850 crore more for power at the heart of bribery charges
Andhra Pradesh's power tariff from Adani's solar project in Gujarat is set to rise from ?2.49 to ?3.069 per kWh due to basic customs duty on solar panels and cells. This has led to an anticipated additional annual financial burden of ?850 crore.
India to provide powerplant control centre to South African electricity supplier Eskom
India will supply Eskom with a Powerplant Control Room simulator for training, as part of collaboration on modernizing and repurposing South Africa's power stations. This initiative, aligned with a prior MoU between NTPC and Eskom, includes joint efforts on renewable energy and reducing emissions while maintaining efficient coal operations.
Delhi¡¯s winter peak power demand may break record, likely over 6,300 MW
As Delhi¡¯s power consumption continues to rise, the winter season is expected to see peak electricity demand surpassing 6,300 MW, a new seasonal high, according to forecasts from the State Load Dispatch Centre. This follows the record-breaking summer peak of 8,656 MW. Last winter, the peak was 5,816 MW.
India's lessons in energy security applicable to Africa: Power Minister Khattar
India and South Africa co-hosted their first energy conference in Johannesburg. Union Minister for Power Manohar Lal Khattar shared how India's self-sufficiency in energy can help other countries. The conference provided a platform for both nations to discuss energy security and green energy. Indian High Commissioner Prabhat Kumar explained India's progress and export capabilities in energy.
Adani Power gets 67 out of 100, ranks in top 80 percentile of all global electric utilities in S&P Global CSA score
Adani Power achieved a high Corporate Sustainability Assessment score of 67, exceeding the sector average and its own previous score. The Adani Group clarified that its executives haven't been indicted on bribery charges by US authorities, but face charges related to alleged securities fraud, leading to significant repercussions.
Delhi's winter peak power demand also expected to break record, likely to surpass 6300 MW
Delhi anticipates record-breaking winter power demand, exceeding 6300 MW, following a historic summer peak. BSES discoms are implementing strategic power planning and utilizing over 2000 MW of renewable energy to meet the increased demand and ensure reliable power supply to over 50 lakh consumers.
PFC & REC see no impact on loans to Adani projects
Indian state-owned lenders PFC and REC express confidence in Adani Group project loans. Existing projects are largely operational, and loan repayments are current. Lenders emphasize project-specific financing based on revenue. Future loan decisions will follow standard procedures. This follows the indictment of Adani officials, impacting Adani Green Energy, Adani Transmission, and Adani Ports.
Andhra Pradesh mulls next steps on Adani, if power deal can be scrapped
Andhra Pradesh is reviewing government files and exploring the possibility of canceling a power supply contract linked to the Adani Group following U.S. bribery charges. The state's finance minister stated they are investigating the previous administration's dealings and the potential for contract termination.
Centre approves 2 hydro projects worth Rs 3,689 cr in Arunachal Pradesh
The Cabinet Committee on Economic Affairs greenlit two hydropower projects in Arunachal Pradesh totaling Rs 3,689 crore. The 186 MW Tato-I and 240 MW Heo projects will boost the state's power supply and stabilize the national grid. The projects are joint ventures between NEEPCO and the Arunachal Pradesh government, with central financial assistance for infrastructure and equity.
Adani Group, others' energy projects may be investigated in Bangladesh
Bangladesh interim government is reviewing power deals made by previous government. One deal involves India's Adani Group. A committee recommends hiring investigators to examine these agreements. The committee believes some agreements might need cancellation or renegotiation. This decision follows allegations of corruption in Bangladesh's energy sector.
Adani Energy Solutions says no material impact from Kenya energy deal cancellation
Adani Energy Solutions stated that the cancellation of a $736 million transmission line project in Kenya does not necessitate regulatory disclosure according to Indian stock exchange rules. The company asserts that the cancellation falls within its normal business operations and will not materially impact its operations. This statement comes after Kenyan President William Ruto revoked the 30-year public-private partnership deal.
ACC, NLC India, others bag five coal mines in 10th round of auction
Five companies, including ACC Ltd and NLC India Ltd, secured five coal mines on the first day of India's tenth commercial coal mine auction. The auctioned mines hold an estimated 2,630.77 million tonnes of coal reserves and are projected to generate over Rs 1,106.91 crore in annual revenue while creating employment opportunities for thousands.
Korba to get NTPC-BHEL's 800 MW hi-tech power plant
NTPC and BHEL are considering Korba, Chhattisgarh, as the location for India's first 800-MW advanced ultra-supercritical (AUSC) power plant. The estimated cost for the high-efficiency plant is ?15,000 crore. The final decision will follow feasibility studies and approvals from relevant ministries. This indigenous technology promises higher efficiency and reduced emissions compared to existing power plants.
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