State-run NTPCBSE -0.98 %, India’s biggest electricity producer, has shelved plans of acquiring stressed power assets in the private sector, and will instead help lenders to these debt-ridden power plants run them for a fee.
The two-day meet of power and renewable energy ministers which was scheduled to start at Rajgir in Bihar tomorrow has been called off at the eleventh hour.
India has signed joint work programmes with the International Energy Agency (IEA) and some key members at IEA’s latest ministerial meeting in Paris
The central government is set to hold a two-day brainstorming session with states on big power sector reforms including direct transfer of subsidy and strict laws obligating distribution utilities to provide round-the-clock power and connection portability.
Adani Power said it will set up a new 1,600 MW coal power plant at Godda Jharkhand to supply power to Bangladesh for a period of 25 years.
If there’s one success story being written in India, it’s that of renewable energy. By the government’s own reckoning, despite India’s energy needs likely to double over the next seven years (going by the current rate of economic growth), the nation is likely to meet two-fifths of its electricity needs with renewable sources by 2030.
PowerGrid Corporation of India is planning to bid for transmission packages in Brazil on engineering, procurement and construction (EPC) basis by December-end, as the company looks for opportunities abroad on account of poor thermal power generation activity within the country in the last couple of years.
Tata Power Renewable Energy (TPREL), a wholly-owned subsidiary of Indian energy giant Tata Power, has commissioned a 25MW solar PV plant in Charanka, at the Gujarat Solar Park.
The Centre is expected to ask states to submit their plans and funding requirements for providing electricity to four crore families under the Saubhagya scheme by December next year, as per the agenda for a conference of power ministers.
The falling prices of solar panels and of batteries as well are likely propel the industry into experimentation with new techniques.