Although 7266.15 Mw in fresh thermal power capacity was supposed to be added, only 2129.75 Mw was actually added The domestic thermal power sector hit many speed bumps in FY19 and managed to achieve just 29 per cent of the envisaged target. Although 7266.15 Mw in fresh thermal power capacity was supposed to be added, […]
Renewable energy capacity addition tumbles 49% during Apr-Feb period
Though tariffs for both, solar and wind power, fell to historic lows of Rs 2.44 per unit, the lack of clarity in policies for the renewable energy sector affected fresh capacity addition Renewable energy capacity addition tumbled 49 per cent during April-February period of FY 19 to 6000 Mw compared with 11,800 Mw added in […]
India approves new coal projects amid a shrinking global pool
The findings of the report titled ‘Boom and Bust 2019: Tracking the Global Coal Plant Pipeline’ are disturbing for the coal sector India continues to endorse new coal-fired generation projects at a time when thermal projects are shrinking across the world, as concerns mount on rising emissions and tightening of credit. A report released jointly […]
Thermal power capacity addition hits a speed bump
Only 2130 Mw added till January against a target of 4850 Mw Fresh capacity addition in the thermal power sector has fallen woefully short of targets. Of the 4,850 MW capacity envisioned for the fiscal year 2018-19, only 44 percent has been added. No capacity was added by Centre-owned utilities in the period under review. […]
Next goal 24/7 power for all; agri exempted from round the clock supply
According to the union power ministry states electrified 25 million households under Saubhagya in 17 months Union minister of state for power R K Singh on Tuesday said the country was on path to achieve 100% household electrification by March 31, 2019 and the next goal would be for 24/7 power for all households. The […]
PTC Financial Services partners UKCI, DFID for India’s first green fund
PFS separately raised a loan of Rs 1,000 crore from SBI for a 10-year tenure, linked to the marginal cost of funds-based lending rate PTC Financial Services (PFS) is setting up India’s first infrastructure development debt fund, solely for renewable energy projects, in partnership with UK Climate Investments LLP (UKCI) and Department for International Development (DFID), UK. The company […]
Electric vehicles not to be a gamechanger for global oil demand: BP
The global energy major’s statement comes at a time when India is planning to cut its crude imports by 10 per cent by 2022 Despite a huge push for domestic crude oil production, India is going to be mainly import- dependent at least till 2040 with demand set to increase from 4 million barrels per […]