Sector Energy and Power - Latest news, views and updates

Power demand in the country will grow at a higher rate of 15GW per annum for next six years compared to 11GW per annum in last one decade, a senior government official said on Friday. By 2030, about 85 GW of additional demand will be added during the solar hours and during the non solar hours more than 90 GW will be added to the peak demand, said Additional Secretary Power Srikant Nagulapalli at an Industry Conclave organised by IEEMA. "... The CAGR may not reflect these numbers truly, but if you see the absolute numbers it's a big jump and to meet this growth, substantial expansion of our coal capacity and along with solar, wind, storage and also transmission capacity is being undertaken," Nagulapalli added. Nagulapalli noted that "India's peak demand grew at an average of 11GW for the last 10 years and going forward for the next 6 years, we expect that the demand is going to grow at an average of 15 GW per year." He further stated that approx 40 GW will be through storage. "By 20

JSW Neo Energy bags 300MW wind-solar hybrid power project from NTPC

Business Standard | 23 Aug 2024 2 more

Energy and Power

SECTOR | 22 Aug 2024

Adani Power gets approval to acquire Lanco Amarkantak Power for Rs 4,101 cr

Business Standard

Adani Power on Thursday said the NCLT Hyderabad bench has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL) for an upfront payment of Rs 4,101 crore. LAPL is undergoing the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, a BSE filing said. According to the filing, the acquisition shall be subject to the satisfaction of conditions precedent mentioned under the resolution plan. Adani Power will acquire 100 per cent shareholding in the LAPL for a cash consideration, the filing said. LAPL owns and operates a 2x300 MW (600 MW) thermal power plant (Phase-I) at Pathadi Village in Korba District of Chhattisgarh. The majority of the power generated from the Phase-I capacity is supplied to Haryana and Madhya Pradesh Discoms under long-term power purchase arrangements through Power Trading Corporation Ltd. It has 2.784 MMT of long-term fuel supply agreement with Coal India Limited's subsidiary South Eastern Coalfields Ltd (SECL). LAPL i

India, US explore technical exchange to upgrade grid transmission

Business Standard | 22 Aug 2024 1 more

Energy and Power

SECTOR | 22 Aug 2024

14 hydropower projects damaged by flash floods in Himachal since July 25

Business Standard

At least 14 hydroelectric projects in Himachal Pradesh have suffered damage due to flash floods since July 25, with some being affected multiple times over the past 10 years, according to a new analysis. As damage to hydroelectric projects from flash floods and cloudbursts becomes a recurring issue -- impacting both communities and power generation -- experts are calling for disaster risk analyses to be conducted before such projects are undertaken. They also recommend the preparation of robust disaster management plans, and the installation of early warning systems and flood forecast stations. According to the analysis by the South Asia Network on Dams, Rivers, and People (SANDRP), two hydroelectric projects (HEPs) suffered significant damage due to a "cloudburst-induced flash flood" in the Palchan area of Kullu district on the intervening night of July 25-26. Both HEPs -- the 2-megawatt Pinnacle HEP on the Serai river and the 9-MW Beas Kund HEP on the Beas river -- are owned and

Energy and Power

SECTOR | 22 Aug 2024

United Nations' nuclear watchdog sees Chernobyl-style risk at Kursk reactor

Business Standard

The Kursk Nuclear Power Plant has been thrust onto the front line of the war between Russia and Ukraine after an incursion by Kyiv's forces placed them within artillery range

Energy and Power

SECTOR | 22 Aug 2024

Autumn session of Assam Assembly begins on stormy note, Oppn stages walkout

Business Standard

The autumn session of the Assam Assembly began on a stormy note on Thursday with the entire opposition staging a walkout after the rejection of their three adjournment motions. When their motions were rejected by Speaker Biswajit Daimary, members of Congress, AIUDF, CPI(M) and Raijor Dal went to the Well of the House with placards and shouted slogans in support of their demands. Leader of the Opposition Debabrata Saikia raised the issue of exorbitant charges through smart metres, while Independent MLA Akhil Gogoi wanted to discuss a recent case of the attack on a minor national-level player, and AIUDF MLA Aminul Islam raised the proposal on the restriction of land sale-purchase between two communities. "Electricity is a basic amenity and the public can't be deprived of it. It's also in the concurrent list. The smart metres are charging exorbitant amounts and poor people are suffering. The subject needs urgent attention," Saikia said. Islam said it's the constitutional right of an .

Energy and Power

SECTOR | 21 Aug 2024

India's data centers to add 500 MW capacity in 4 years: Avendus Capital

Business Standard

The report, *Powering Digital India* Volume II, stated that the sector doubled from 540 MW in 2019 to 1,011 MW in 2023, making India one of the fastest-growing data centre markets globally

India's Second 700 Megawatt Nuclear Power Plant In Gujarat Starts Operations At Full Capacity

NDTV Profit | 21 Aug 2024 4 more

Energy and Power

SECTOR | 21 Aug 2024

CESC Shares Gain After Unit's Renewable Energy Push

NDTV Profit

Purvah Green Power has incorporated Ecofusion Power, Ecovantage Energy and Vitalgreen Power to tap the green energy business.

Brookfield Plans Major Investment In Andhra Pradesh's Renewable Energy Sector

NDTV Profit | 21 Aug 2024 2 more