NLC India, a Navaratna company that comes under the Union coal ministry, has lined up a capital expenditure of Rs 1.29 trillion for increasing its mining and power generation capacity.
With the target of power purchase from renewable energy sources set to increase every year, state-run Gujarat Urja Vikas Nigam Limited (GUVNL) has chalked out plans to procure 7,000MW of solar and wind power by fiscal 2021-22, to meet renewable purchase obligations (RPO).
Mytrah Energy, the winner in India’s first wind power auction last year, plans to add 1-gigawatt of wind and solar capacity by September next year as India increases the pace of tendering.
Sembcorp Energy India, an independent power producer, today filed draft papers with capital markets regulator Sebi to float an initial public offering (IPO).
Energy Transition Committee (ETC), in a report last year suggested India not to make any new investment in the coal sector. ETC is now willing to work with policymakers and redesign policies, which traditionally have been ‘coal-centric’.
In line with efforts to economize on fossil fuels, plans have been formulated to add 1,000 megawatts, or 1 gigawatt of renewable capacity to the national power grid per annum, a senior official at the Energy Ministry said.
The Economic Survey 2018 voiced concerns on the aggressive bidding submitted by companies for bagging licences for spectrum, coal mining and solar and wind projects.
Budget 2018: India’s Renewable Progress Slips; GST-Induced Losses, Import Duty On Solar Modules Threaten 2022 Target
In line with its climate-change commitments and domestic pollution concerns, India has one of the world’s largest programmes to expand renewables — a tripling of capacity over the next five years.
A 130 MW solar power plant was commissioned by NLC India Ltd at 33/110 KV pooling substation in Neyveli near here on Monday as part of NLCIL’s commitment to green energy initiatives of the Centre.
NHPC’s three hydropower projects with total installed capacity of 3,130 MW are under various stages of construction, says Balraj Joshi, Chairman and Managing Director, NHPC.