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SECTOR | 02 Jan 2025

Don't depend on freebies, produce own solar power, says Prahlad Joshi

Business Standard

Union Minister for Renewable Energy Prahlad Joshi urged people on Thursday not to be dependent on the governments for freebies, but to produce their own solar power. Joshi attended a consultative meeting with the consumers, electricity supply company (ESCOM) officials, and people's representatives to discuss Surya Ghar Muft Bijli Yojana here on Thursday. "I will not comment on what the motives were behind the distribution of free power generated using environmentally harmful core sector material. But sustainability in the power sector is going to be the key to a safer future for the country," said Joshi, who is also the Union Minister of Consumer Affairs, Food and Public Distribution. According to Joshi, Surya Ghar Muft Bijli Yojana launched by Prime Minister Narendra Modi on February 15, 2024 aims to provide free electricity to households in India by providing a subsidy to install solar panels on their roofs. The subsidy will cover up to 40 percent of the cost of the solar panels.

Himachal to allocate 22 new hydropower projects of 828 MW capacity: Sukhu

Business Standard | 02 Jan 2025 1 more

Energy and Power

SECTOR | 01 Jan 2025

Nuclear power industry opens doors to private companies, with caveats

Business Standard

Experts say stringent terms could make industry apprehensive

Energy and Power

SECTOR | 01 Jan 2025

India's power consumption increases nearly 6% to 130.40 bn units in Dec

Business Standard

India's power consumption rose nearly 6 per cent to 130.40 billion units (BU) in December as compared to the year-ago month. In December 2023, power consumption was 123.17 BU, as per government data. The highest supply in a day (peak power demand met) also rose to 224.16 GW in December 2024 from 213.62 GW in the year-ago period. The peak power demand touched an all-time high of about 250 GW in May 2024. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023. Earlier this year, the power ministry projected a peak power demand of 235 GW during the day and 225 GW during evening hours for May 2024 while 240 GW during daytime and 235 GW in the evening hours for June 2024. The ministry had also estimated that peak power demand may hit 260 GW in the summer of 2024. According to government estimates, peak power demand is expected to touch 270 GW in the summer of 2025. Experts opined that power demand as well as consumption showed an improvement last mo

India's Power Consumption Up 6% In December, Peak Demand Hits Record 250 GW In May 2024

NDTV Profit | 01 Jan 2025 2 more

Energy and Power

SECTOR | 01 Jan 2025

Sasan Power makes $150 million debt repayment, strengthening financial position

Business Line

The company operates the world's largest integrated coal-based power plant with a capacity of 3960 MW in Madhya Pradesh, supplying electricity at India's lowest tariff

Delhi's peak winter power demand hits a high during December

Business Line | 01 Jan 2025 4 more

Energy and Power

SECTOR | 01 Jan 2025

SJVN share price zooms 6% on inking MoU worth Rs 5,663 cr with Bihar govt

Business Standard

The surge in SJVN share price came after it signed a MoU with Govt of Bihar in Patna for development of 1000 MW Hathidah Durgawati Pumped Storage Project and other PSPs in Bihar

Multibagger stock SJVN share price rises 5% : signs MOU for 1000 MW project

livemint | 01 Jan 2025 1 more

Energy and Power

SECTOR | 31 Dec 2024

Renewable Energy Capacity Added Consistently In 2024, Says HSBC Global

NDTV Profit

India's power demand rebounded in November and December 2024, mostly due to low base of last year. It was declining for three consecutive months.

Energy and Power

SECTOR | 31 Dec 2024

India has clean energy capacity over 200 GW; investments to double in 2025

Business Standard

As barren arid land gets covered with solar panels and giant windmills dot the coastline, India made it to the high table of clean energy superpowers with installed capacity crossing 200 gigawatts and projections of investment doubling to over USD 32 billion in 2025. According to the International Energy Agency, India's annual renewable capacity additions through 2030 are expected to increase more quickly than any other major economy, including China. It seeks India's capacity addition more than quadrupling from 15 GW in 2023 to 62 GW in 2030. By the end of 2024, its installed capacity touched 205 GW. Alongside, domestic solar PV and wind turbine manufacturing is being scaled up as part of the broader commitment to decarbonise and shift away from fossil fuels. India, which has set 2070 as the target for Net Zero, is aiming 500 GW of renewable energy capacity by 2030. To achieve this it is looking to add 50 GW of renewable energy (RE) capacity annually. Talking to PTI, Union New & .