In Short : The Ministry of Power has revised the Viability Gap Funding (VGF) guidelines for Battery Energy Storage System (BESS) projects to attract greater private investment and improve implementation. The amendments aim to enhance financial viability, promote faster deployment, and support renewable energy integration. This move aligns with India’s efforts to strengthen grid stability […]
Power Ministry Strengthens Solar Bidding Rules to Boost Financial Security and Project Efficiency – EQ
In Short : The Power Ministry has revised solar bidding guidelines, introducing stricter financial security provisions to enhance project viability and investor confidence. Key changes include higher bank guarantees, improved payment security mechanisms, and stricter penalties for delays. These revisions aim to ensure timely project execution, reduce risks, and promote a more sustainable and transparent […]
Power Ministry asks GENCOs to offer surplus power for sale in markets – EQ
In Short : “The Power Ministry directs GENCOs to offer surplus power for sale in markets, leveraging excess capacity to meet demand fluctuations and optimize energy resources in the power sector.” In Detail : The Ministry of Power has directed power generating companies to offer surplus power up for sale in the power markets New […]
Power Ministry holds interaction with industry stakeholders to review 80 GW Thermal Power Capacity addition by 2031-32 – EQ
In Short : The Minister asked the vendors and contractors to submit their concerns and suggestions so that workable solutions may be devised. He assured them DISCOMs’ future power requirements will be collated and shared with the power developers and asked them in turn to share as to how much capacity they can ramp up. […]
Power Ministry officials partake in Run for Unity on National Unity Day – EQ
In Short : Power Ministry officials demonstrated unity and solidarity by participating in the Run for Unity on National Unity Day. The event, held in honor of India’s first Deputy Prime Minister, Sardar Vallabhbhai Patel, promotes the spirit of unity, patriotism, and integration among the citizens. By joining this initiative, the Power Ministry officials underscored […]
Power Ministry PSUs brainstorm on Best Practices in Vigilance Administration – EQ
Power ministry establishes UTPRERAK, a Centre of Excellence to Accelerate Adoption of Energy Efficient Technologies in Indian Industry – EQ Mag
Power ministry asks CERC to start process for market coupling – EQ Mag
The move is a step towards the government’s intention to shift India’s electricity trading from long-term (25 years) power purchase agreements (PPAs) to electricity markets (exchanges) and shorter PPAs of up to 12-15 years. It also means the government has revived its plan to introduce Market-Based Economic Dispatch (MBED) mechanism in India. Under market coupling, […]
Power ministry panel outlines roadmap to develop electricity market – EQ Mag
New Delhi: A power ministry-constituted panel has suggested a roadmap outlining the interventions for the near, medium, and long term for the development of the electricity market. The interventions suggested by the panel include setting up a mechanism to monitor whether adequacy of supply is being maintained by the state utilities, enhancing the efficacy of […]
Power Ministry asks CERC to consult before drafting, changing rules – EQ Mag
The ministry has said it is issuing this as there have been several instances where it had to intervene to the CERC for change in regulations The power ministry has directed the quasi-judicial regulatory body, Central Electricity Regulatory Commission (CERC), to consult the government before drafting or amending any regulation. The ministry’s notice comes at […]