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India’s power sector warned of potential overinvestment risks amidst capacity expansion plans

India, News

As India aims to double its power capacity to 900 GW by 2030, a report by Aequitas Investments highlights concerns about potential overinvestment, cautioning against repeating past industry missteps. The report points to aggressive bidding without firm power purchase agreements (PPAs) and a reliance on costly imported coal, warning that these practices could lead to financial instability reminiscent of the 2008 sector downturn. The analysis reveals that private sector expansions since FY 2010 have faced…

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Gensol, Matrix to develop India’s first green steel production facility

India, News

Gensol Engineering has partnered with Matrix Gas & Renewables to establish India’s first green steel production facility using 100% green hydrogen.  The project, with a total capital expenditure of Rs 3.21 billion, will receive 50% capex incentives from the Government of India under the National Green Hydrogen Mission. Sanctioned as one of three pilot projects by MECON, in coordination with the Ministry of Steel (MoS) and the Ministry of New and Renewable Energy (MNRE), the…

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India to drive global energy demand by 2035, says IEA

India, News

India is set to become the global engine for energy demand growth through 2035, according to the International Energy Agency’s (IEA) World Energy Outlook 2024.  The report highlights India’s rapid expansion, with the country adding more than 12,000 cars daily, increasing built space equivalent to South Africa, and seeing its air-conditioners consume more electricity than Mexico’s total power consumption by 2035. As the world’s third-largest oil consumer, India will increase oil demand by nearly 2…

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Repurposing India’s Ageing Thermal Power Plants: Ensuring a Just Transition for Workers and Communities

Analysis, Features

India’s thermal power plants (TPPs) with an installed capacity of 218 GW in 2024 provide over 70% of the nation’s electricity generation. These plants employ around 320,000 to 400,000 individuals across the country. However, 15% of this capacity comes from ageing plants over 30 years old, which need either decommissioning or repurposing. The transition involves creating viable alternatives for these plants while ensuring that the workers and communities dependent on them are not left vulnerable….

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India’s Power Generation Schemes: A Factual Snapshot

Analysis, Data Insights

India has implemented several schemes to increase power generation capacity and improve energy access. Below is an overview of the key power generation schemes, including the latest facts and figures: Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) Launched: 2014 Objective: Strengthen rural power infrastructure and provide continuous power supply to rural areas. Achievements: As of 2024, over 100,000 villages have been electrified, and feeder separation has been completed in 19 states. Integrated Power Development Scheme…

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India’s Path to Net Zero: Strategy for Decarbonizing the Energy Sector

Analysis, Features

India’s energy sector contributes significantly to its greenhouse gas emissions. In 2023, energy-related emissions accounted for about 75% of the country’s total carbon footprint. The electricity sector alone was responsible for over 40% of the total emissions, primarily due to coal-based power generation. This highlights the urgent need for a green transition in electricity production. India is already making strides, with solar and wind capacities growing, but a lot more is required to address these…

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India’s net-zero ambitions hinge on green hydrogen, S&P Global report finds

India, News

India’s target of achieving net-zero emissions by 2030 depends heavily on significant advancements in the green hydrogen sector, according to a report by S&P Global. The report warns that delays in progress could push the timeline back by as much as a decade. Green hydrogen is a key element in India’s energy transition strategy, which focuses on energy efficiency, renewable energy, low-emission fuels, and sustainable mobility. To meet its ambitious goals, India must ramp up…

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India needs fivefold growth in wind and solar by 2030 to meet 1.5°C climate goals, analysis finds

India, News

A new analysis by Climate Analytics and the NewClimate Institute reveals that India needs to grow its wind and solar power generation fivefold by 2030 to align with global climate goals under the 1.5°C target. This would require generating around 1,100 TWh of electricity from wind and solar by the end of the decade. To achieve this, India would need significant international climate finance to support its transition away from coal, which currently generates 75%…

Institutional Infrastructure of Energy in India

Power 101

India’s energy sector is supported by a vast and multi-tiered institutional infrastructure that includes ministries, regulatory bodies, public sector undertakings (PSUs), and research institutions. These entities work together to manage, regulate, and oversee energy production, distribution, and policy implementation. Below is an overview of the key institutions involved in India’s energy landscape. Ministries Ministry of Power (MoP): The Ministry of Power is responsible for developing and managing the country’s power sector. It oversees electricity generation,…

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India’s first CO2-to-Methanol pilot plant launched in Pune

India, News

India’s first CO2-to-Methanol pilot plant has been unveiled at Thermax Limited’s premises in Pune, Maharashtra. This 1.4 tonnes-per-day capacity plant is a Public-Private Partnership (PPP) between IIT Delhi and Thermax Limited, with a project cost of Rs 310 million. It is supported by the Department of Science and Technology (DST), Ministry of Science and Technology. The plant aims to advance indigenous carbon capture and utilisation (CCU) technologies by developing new catalysts and processes to convert…