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Transformation and transmission capacity overview for August 2024

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As of August 2024, the total transformation capacity in India reached 12,69,350 MVA. During the financial year 2024-25, up until August, a total of 18,270 MVA had been added to the country’s substations, with 3,650 MVA being added in August alone.  The Central Sector contributed 6,330 MVA out of the planned 51,645 MVA during the first five months of FY 2024-25. Power Grid Corporation India Limited (PGCIL) added 6,015 MVA during this period. The progress…

India’s EV Market: From Subsidies to Market-Driven Growth

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Union Minister Nitin Gadkari recently stated that the electric vehicle (EV) industry has matured to a point where government subsidies are no longer necessary to support manufacturers. Consumers are now choosing EVs or CNG vehicles on their own, potentially causing a shift in India’s mobility industry.  Gadkari highlighted that the cost of manufacturing EVs has dropped over the years, further making subsidies unnecessary. A study by Lawrence Berkeley National Laboratory found that the cost of…

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Report: July 2024 Power sector installed capacity overview

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As of July 31, 2024, India’s total installed capacity for power generation reached 448,381.44 MW, covering various energy sources across different sectors and regions. The breakdown includes thermal power, which accounts for 242,996.91 MW, primarily derived from coal, lignite, gas, and diesel sources. Hydropower contributes 8,180 MW, covering major hydroelectric plants across the nation. Renewable energy sources (RES), which include solar, wind, biomass, and small hydro projects, account for 47,928.17 MW. Nuclear power adds another…

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Report: Power supply and allocation updates for July 2024

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In July 2024, India’s energy requirement was 150,207 MU, and the energy supplied was 149,852 MU, resulting in a deficit of 355 MU. The Northern Region had the highest energy requirement at 54,849 MU, with a supply of 54,580 MU, leading to a shortfall of 269 MU. The Western Region required 41,066 MU and supplied 41,036 MU, facing a deficit of 30 MU. The Southern Region’s requirement was 33,352 MU, and it met almost all…

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Report: July 2024 transformation capacity update

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In July 2024, India’s power sector saw the addition of 4,360 MVA to its transformation capacity. This brought the total capacity added for the fiscal year 2024-25, up to July, to 14,620 MVA. As a result, the current total transformation capacity in India reached 12,65,700 MVA. The Central Sector added 4,815 MVA in July. Powergrid, a key player in this sector, contributed 2,815 MVA to this total. The State Sector added 9,805 MVA. Andhra Pradesh…

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Transforming Delhi’s Power Grid

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Delhi’s electricity demand has surged by 20% since 2014-15, with peak load increasing by over 30%. This growth is primarily fueled by domestic consumption, which accounts for nearly 60% of the city’s total demand. With a projected population of over 20 million by 2030, Delhi is on track to become the world’s largest metropolitan city. The city’s peak electricity demand, which reached 7,700 MW in 2022, is expected to rise by 50% by 2030, hitting…

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India’s Emerging Carbon Market: Balancing Economic Growth with Environmental Sustainability

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With the global focus increasingly shifting towards carbon pricing as a tool to combat climate change, India’s efforts to design and implement an effective carbon market could have profound implications not only for its domestic climate goals but also for the global carbon trading landscape. Carbon pricing is globally recognized as a cost-effective mechanism to internalize the environmental costs of greenhouse gas (GHG) emissions. In its essence, carbon pricing assigns a monetary value to GHG…

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Delicensing Electricity Distribution in India: Unlocking Green Power Potential and Market Efficiency

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India’s electricity sector is at a critical juncture. The proposed delicensing of electricity distribution, as outlined in the Electricity (Amendment) Bill 2022, could mark a transformative shift for the country’s power sector. This move aims to introduce competition, enhance efficiency, and foster green power adoption, but it also comes with significant challenges and uncertainties. India’s electricity sector has seen considerable evolution since the introduction of the Electricity Act (EA) in 2003. This legislation was pivotal…

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Utilities at the Crossroads: Tackling the Energy Transition with Real-World Solutions

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As the global push towards decarbonization intensifies, the role of utilities in the energy transition becomes increasingly critical. Utilities are at the forefront of efforts to decarbonize electricity supply and electrify energy demand, collectively known as the energy transition. They are tasked with increasing the share of renewable energy in their generation mixes, modernizing networks to integrate these variable power sources, and managing the diverse power needs of industry, households, and transportation. Additionally, utilities must…

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Sri Lanka: Kerawalapitiya – Port 2nd Transmission Line Project 

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Sri Lanka’s Kerawalapitiya – Port 2nd Transmission Line Project is vital for accommodating the increasing electricity demands in the Greater Colombo area, particularly in anticipation of the development of the Colombo Port City. The project is being implemented by the Ceylon Electricity Board (CEB) with financial backing from the Asian Infrastructure Investment Bank (AIIB). The project involves the construction of a 16 km, 220kV single circuit underground transmission cable system connecting the Kerawalapitiya Switching Station…