Adani Green Energy Ltd (AGEL) said it has commissioned a 25 MW solar power plant in Chitrakoot, Uttar Pradesh. This plant has a power purchase agreement with Noida Power Company Ltd (NPCL) at Rs 3.08/KWh. With this commissioning, AGEL’s total operational renewable capacity has grown to 2,975 MW. The plant will be connected to AGEL’s state-of-the-art […]
Pakistan’s Prime Minister, Imran Khan, announced over the weekend that as part of a number of efforts to counteract the effects of climate change, his administration will not approve new coal-fired power generation projects. “We have already scrapped two coal power projects which were supposed to produce 2,600 megawatts of energy. [We have] replaced them with hydroelectricity,” […]
The latest solar auction has discovered a tariff of Rs 1.99 per unit, a new low. The lowest tariff found previously was Rs 2 per unit in the November auction. Power from these solar units will be bought by Gujarat, reports Financial Express. According to sources reported by Financial Express, state-run NTPC, Torrent Power, Saudi Arabia-based Al […]
The delay in signing power supply agreements (PSA) by Solar Energy Corporation of India (SECI) with discoms (distribution companies) for over 20,000 MW of power projects awarded in the last one year is threatening the renewable energy target of 175 giga watt (GW) by 2022, reports Financial Express. Manufacturing projects of 12,000 MW was awarded […]
National Thermal Power Corporation (NTPC) announced that the 8 MW solar energy generation capacity at its Auraiya project in Uttar Pradesh has been made commercially operational. The remaining 12 MW solar capacity under implementation is expected to be operational by March 2021. “Consequent upon successful commissioning, 8 MW part capacity of 20 MW Auraiya Solar PV […]
Global investment firm KKR has announced the launch of Virescent Infrastructure, a newly created platform to acquire renewable energy assets in India. Virescent currently owns 317 MW of solar assets located in Maharashtra and Tamil Nadu. KKR has also entered into definitive agreements to acquire other operating solar projects across three different states. Once closed, […]
State-owned NTPC has incorporated a subsidiary for its renewable energy business. “NTPC Ltd has incorporated a wholly-owned subsidiary, in the name of NTPC Renewable Energy Ltd with the Registrar of Companies, NCT of Delhi & Haryana on October 7, 2020, to undertake renewable energy business,” a BSE filing said. In August this year, NTPC had received approval from […]
India’s oil and gas imports are expected to double by 2050 as overall energy demand grows while the dependence on coal reduces going forward. According to BP Energy Outlook 2050, the growth of energy consumption in the emerging economies will be led by India, “which is seen to be the largest source of demand growth […]
Shutting down old coal-based power plants and freezing those under construction can save the national exchequer over Rs 1.45 lakh crore at a time when electricity demand has been hit due to COVID-19, a report by research organisation Climate Risk Horizons said. According to the report, this move will also improve the financial health of […]
As a first step towards greening the Indian short term power market, Union Minister of State (IC) Power and New & Renewable Energy, RK Singh launched a pan-India Green Term Ahead Market (GTAM) in electricity through video conference. Speaking at the launch Singh said, “the introduction of GTAM platform would lessen the burden on Renewable […]
