India’s power demand may grow by over 6% for the second year in a row in FY23, which is higher than the pre-pandemic levels and the long-period average growth of 5%, ratings agency CRISIL said. The above-average growth trend could continue for two more fiscal years, it added. During the first quarter of the current […]
Power consumption in the country grew by 17.2 per cent year-on-year to 134.13 billion units (BU) in June, amid severe heat and spurt in economic activities. Power consumption in June last year was recorded at 114.48 BU, which was higher than 105.08 BU in the same month of 2020, according to power ministry data. Moreover, […]
The government may announce higher-than-usual increases in minimum support prices (MSP) for the summer-sown crops in 2022-23, considering a sharp rise in costs of farming inputs. The MSP increases this year could roughly be in the range of 5-20%, the highest since 2018-19 when a new policy of 50% profits over computed cost of production […]
Coal production by Coal India (CIL) has grown slower than the captive mines, awarded over the last six years. During 2020-22, production from the captive mines jumped by 38.5 per cent while CIL saw a tepid growth of 3.4 per cent, according to government data. In terms of dispatch to the power sector, captive mines […]
The Tamil Nadu government said that with a view to providing free electricity to all the farmers across the state, an amount of Rs 5,157.56 crore will be provided to Tamil Nadu Generation and Distribution Coroporation (TANGEDCO), for the fiscal year 2023. Presenting a separate agri budget, Tamil Nadu state government has allocated an amount […]
Gujarat presented a populist budget for financial year 2023, ahead of the state assembly elections, by reducing value added tax (VAT) on petrol and diesel by 4.5% and 7.5%, respectively. Reduction in VAT would decrease the selling price of both the petroleum products by Rs7 a litre in the state. Compared to Rs 2.27 lakh crore in […]
India’s power consumption growth remained subdued at 2.2 per cent year-on-year in February to 105.54 billion units (BU), showing the impact of local restrictions imposed by the states due to the third wave of COVID-19. Power consumption in February 2021 was 103.25 BU, a tad lower than 103.81 BU in the same month of 2020, […]
Government subsidies in the steel and aluminum industries do not represent the best approach for achieving decarbonization initiatives because they instead pose the risk of counterintuitively contributing to environmental concerns, industry representatives and observers said. “We’re increasingly seeing subsidies claiming to encourage better environmental practices,” Julia Nielson, deputy director of trade and agriculture for the […]
Central public sector enterprises (CPSEs) have registered 45 per cent growth in investment on capital expenditure over the previous year, the power ministry has said. For FY2021-22, the capital expenditure (capex) target of the CPSEs, under the Ministry of Power, is Rs 50,690.52 crore, a power ministry statement said. Power sector CPSEs incurred a capex […]
New restrictions on banking of power will inhibit the growth of the rooftop and open-access solar market, and potentially slow progress towards India’s national target of 450 gigawatts (GW) of installed renewable capacity by 2030, according to a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research. Banking […]
