India’s increasing electricity demand for cooling as summer approaches, as well as strong economic growth and challenges in increasing power generation will likely keep short-term electricity rates high in the near term, Fitch Ratings says. Electricity demand in India generally peaks during the warmer months of April to August, subject to weather patterns. “We expect […]
China’s introduction of a new “reasonable” price range of CNY570-770 per tonne (t) for 5,500kcal/kg coal at Qinhuangdao (QHD) Port will benefit power generation companies (gencos) more than coal producers, Fitch Ratings said in a new report. The price band was introduced by the National Development and Reform Commission (NDRC) on 24 February 2022 and […]
India’s total power generation increased marginally by 2 per cent to 99.4 BU (billion units) in November 2021. This overall increase in generation was, however, supported by a 16.4 per cent year-on-year (YoY) jump in the generation from renewable sources and a 16 per cent YoY rise in generation from hydropower sources, said India Rating […]
State-run Coal India auctioned 3.2 million tonnes of coal exclusively for the non-power sector in November, a senior company official said, more than five times the volume auctioned a year earlier and about eight times the allocation in September. Coal India had temporarily paused auctions of coal to non-power customers and reduced contracted supplies in […]
The Union power ministry has approved the new coal stocking norms for power plants, which will give more flexibility for them. Designed by the Central Electricity Authority (CEA), these norms allow lower fuel stocks during the periods of low demand and mandate larger inventories during high-demand seasons. The CEA also proposed penalty for power plants […]
Power consumption dipped by nearly 2 per cent or by 72 million units (MU) to 3,828 MU on Saturday compared to 3,900 MU on Friday, showing slight improvement in supply situation across the country amid coal shortage crisis, according to the power ministry data. According to the data, the power consumption of 3,900 MU on Friday or October 8 was […]
State-run electricity distribution companies’ (discoms) ‘overdues’ — pending receivables of 45 days or more — to power producers stood at Rs 82,400 crore at the end of March 2021, up 10.3% from a year earlier. The dues would have been much higher, but for the loans provided by Power Finance Corporation (PFC) and Rural Electricity […]
State-owned NLC India Ltd. (NLCIL), earlier known as Neyveli Lignite Ltd., has made a capacity addition of 517.5 MW in 2020-21. This includes 500 MW of lignite-based thermal power and 17.5 MW of solar with battery energy storage system. With this, NLCIL and its subsidiaries’ installed power generating capacity has increased to 6,061.06 MW. During the year, […]
The output of state-run power major NTPC’s Bongaigaon plant in Assam has crossed its installed capacity of 750 MW for the first time since the commissioning of all its units two years ago, an official statement said. The plant achieved more than 100 per cent Plant Load Factor (PLF) for the first time since all the […]
Union minister of state for power, R K Singh said India has become power surplus under the leadership of Prime Minister Narendra Modi over the past six years and is also witnessing the highest growth rate in renewable energy in the world. “There is no power deficiency in the country. We have a maximum demand of 1.85 […]
