ENERGY

Delhi's peak power demand grew 3.8x on hot and humid days in last 12 months: Report

Delhi's peak electricity demand surged due to temperature variations, with peak demand increasing by 711 MW on hot and humid days, 506 MW on cold days, and 188 MW on moderate days. The analysis by IEEFA highlighted the necessity of enhancing utility-scale solar power to meet rising demands and mitigate the impact of heatwaves.

India keen to speed up power grid link talks with Sri Lanka

India is actively pursuing discussions with Sri Lanka to establish a power grid link, focusing on renewable energy for electricity trading. The project includes overhead and under-sea cables, with economic benefits being evaluated by PwC India and plans for a joint consultant for investment decisions.

BHEL bags Rs 13,300 cr order to set up 1600 MW-thermal power project

Commensurate with the goal of the central government to ensure the energy security of the country, DVC has finalised the tender for the engineering, procurement and construction (EPC) package of Koderma TPS (2X800MW) in Jharkhand, with Bharat Heavy Electricals Ltd (BHEL) for Rs 13,300 Crore on June 26, 2024, a power ministry statement said.

Hitachi Energy bags order worth Rs 790 cr

Hitachi Energy India has secured a Rs 790 crore order from Hitachi Energy Australia for the Marinus Link HVDC project, a critical Australian national energy initiative. Scheduled over four years, key equipment will be delivered from India, highlighting the project’s importance in supporting Australia's energy infrastructure.

India powers up energy network for its hotspots

The govt is taking steps to ensure power projects, including renewable energy sources like wind turbines and solar panels, can operate effectively in the face of intense heatwaves in India. Actions involve enhancing heat tolerance levels, addressing peak power demand, upgrading transmission equipment, and implementing measures like proper ventilation in substations and transformer yards.

BSES has a new plan to keep Delhi's lights on, debuts India's largest battery storage system

BSES, a major power distribution company in Delhi, has inaugurated India's first utility-scale Battery Energy Storage System (BESS). This innovative system ensures uninterrupted power supply to residential areas, even during technical faults or grid failures. The project, located at BSES Rajdhani's Kilokari substation, aims to enhance grid stability, reduce power procurement costs, and integrate renewable energy sources. The BESS, utilizing advanced Lithium Iron Phosphate (LFP) technology, sets a benchmark for future energy storage projects in India.

Gensol Engineering bags another BESS project from GUVNL

Gensol Engineering secures an additional 250 MW/500 MW Battery Energy Storage System Project from GUVNL, increasing its order book to Rs 3,100 crore.

EESL joins hands with APEPDCL to promote energy efficiency, conservation

EESL partners with APEPDCL for energy efficiency program in Andhra Pradesh, aiming to raise consumer awareness and provide energy-efficient solutions.

India set to see biggest jump in coal-fired power in a decade

India is set to add 15.4 gigawatts of new coal power capacity this year, the most in nearly a decade, to meet rising electricity demand. Despite clean-power goals, coal remains vital due to economic growth and severe heat waves. Challenges in energy storage hinder renewable expansion, with slow progress in alternative technologies.

DERC releases draft regulation for green power obligations on discoms

The DERC has issued draft regulations mandating a 29.91% green energy purchase for stakeholders in 2024. RPOs require electricity distribution licensees to buy energy from renewable sources.

Gensol Engineering emerges successful bidder for Rs 1,340-cr battery energy storage project

The project will supply electricity on an 'on-demand' basis to Gujarat State's DISCOMs during peak and off-peak hours, thereby extending renewable energy availability beyond solar hours, fulfilling energy storage purchase obligations, and enhancing grid resilience, a company statement said.

Empowering Communities Through a New Cooperative Solar Ownership Structure – “Community Solar”

Electricity trade volumes on IEX jumps nearly 29 pc to 10,633 mn units in May

Indian Energy Exchange's trade volume grew by 29% in May, with electricity volumes increasing by 21%. The renewable energy certificates (RECs) surged by 640.3% yearly, impacting obligated entities and voluntary customers. Proactive measures by the government and regulators influenced trading platforms and market prices.

Despite record peak demand, power exchange prices remain lower than last year's peak period

The average daily price in the day-ahead market on the power exchange remained lower in May compared to peak periods last year, despite record-high peak demand. This indicates sufficient energy supply from various sources. The average price during May was ₹5.30 per unit, lower than last year's peak period of mid-August to mid-September, which was ₹7.75 per unit. Increased hydro and wind power generation have contributed to this improvement in supply. Even during days of record peak demand, prices remained relatively low on average.

Powering ahead: How India made big electricity blackouts a thing of the past

The present situation is a far cry from July 30 and 31, 2012, when India experienced the world's largest blackout. During that crisis, the northern and eastern grids collapsed due to overload, leaving 620 million people without power for more than 13 hours. Since then, significant improvements have transformed India’s transmission network into the world's largest unified grid.

India's power sector anticipates healthy growth in FY2025; demand seen remaining strong at around 6%

The healthy demand growth continued in the first two months of FY25 at over 10 per cent supported by a favourable base. The report stands validated by the record maximum power demand of 250 GW on May 30, as announced by the Ministry of Power.

India's peak power demand hits a record 250 GW

India witnessed a historic milestone on May 30 as the country's power demand surged to a record-breaking 250 GW, driven by a combination of weather-related loads and the escalating power consumption in both industrial and residential sectors, announced the power ministry on Thursday. The non-solar hours demand also soared to an unprecedented level of 234.3 GW the previous day, marking a significant increase in energy requirements.

Sterlite Power secures Rs 1,373 crore funding for Neemrana II Kotputli transmission project

Sterlite Power announced the successful funding of Rs 1,373 crore for its Neemrana II Kotputli Transmission Limited project from Power Finance Corporation. Sterlite Power aims to build a green energy corridor. Acquired in November 2023, the project will operate on a BOOT basis for 35 years. This initiative will interconnect the Neemrana and Kotputli substations and facilitate a LILO to integrate the Neemrana II substation with Gurugram and Sohna substations.

Power Mech Projects bags order worth Rs 563 crore to construct nuclear power plant from BHEL

Power Mech Projects announced securing a Rs 563 crore order from BHEL to build a nuclear power plant at Kaiga Atomic Power Project, marking its entry into the critical nuclear sector. The project will cover various civil, structural, and architectural works for units 5 and 6, contributing to India's sustainable energy goals.

NCLT halts Hiranmaye Energy resolution plan

The Kolkata bench of the bankruptcy court halted the corporate insolvency resolution process (CIRP) of thermal power company Hiranmaye Energy on the promoter's plea that lenders should consider its ₹1,101.5 crore settlement offer, which is about one-fifth of the lenders' debt, showed a tribunal order.

Ready to build high-capacity nuclear power units at new site in India: Russia

Russia and India are set to expand cooperation in atomic energy. There are plans to construct high-capacity nuclear power units at a new site in India. Department of Atomic Energy secretary Ajit Kumar Mohanty and Rosatom State Atomic Energy Corporation of Russia Director General Alexey Likhachev discussed enhancing nuclear energy collaboration during a visit to the Pilot Demonstration Energy Complex in Russia. Likhachev expressed readiness for extensive cooperation covering various nuclear energy applications.

Bureau of Energy Efficiency plans norms to make more products energy efficient

The power ministry body, which works on improving energy efficiency of electronic products, also plans to revise the energy efficiency levels of ten existing star-rated products such as refrigerators, ceiling fans, room ACs and distribution transformers this year to push manufacturers to launch more energy-efficient products. Over the next three years, it will make energy labelling norms compulsory for products such as LPG stoves, microwave ovens and induction hobs, which are voluntary at present, said Bakre.

NCLAT allows Sarda Energy to seek tribunal nod for its SKS Power offer

The National Company Law Appellate Tribunal (NCLAT) has granted permission to Sarda Energy & Minerals (SEML) to pursue a final approval from the bankruptcy court for its bid for SKS Power Generation. This decision overturns the lower court's ruling in October, which instructed the committee of creditors (CoC) to review its selection of SEML as the recipient of the 600 MW power producer.