Power Sector News Roundup for October 3, 2024

Power Bytes

Global: Iran and Tajikistan are in discussions to enhance cooperation in electricity, water, and other key sectors. Masdar expands in US with 50 per cent acquisition of Terra-Gen Big Tech are spurring demand for SMRs and fusion reactors Brazilian mining giant Vale and European hydrogen company Green Energy Park (GEP) announce collaboration to build green hydrogen production facility in Brazil Newcleo secures €135m investment, plans further European expansion First nuclear plant recommissioned in US history…

Key Power Sector News Roundup for September 30, 2024

Power Bytes

Contract Awards Bajel Projects entered the data centre sector, winning a contract for a GIS substation in Navi Mumbai.  Power Mech secured a Rs 2.27 billion O&M contract for Akrimota Thermal Power Station in Gujarat.  Marsons Ltd won a Rs 6.75 billion contract for a 150 MW solar project in Rajasthan.  L&T Digital Energy Solutions received mandates for Energy Management Systems in South India and expanded its grid modernization projects in the US. SJVN to…

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Floating Offshore Wind: Key to Achieving Global Renewable Energy Goals by 2030

Analysis, Features

The global push to limit temperature rise to 1.5°C includes decarbonizing hard-to-abate sectors. At COP 28, leaders pledged to triple renewable energy capacity by 2030. Offshore wind, with its high efficiency and competitiveness, is key to these efforts. In 2022, offshore wind reached 63 GW of installed capacity, but to meet the 1.5°C target, this needs to grow to 494 GW by 2030 and 2,465 GW by 2050. Floating offshore wind, a promising subset, can…

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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…

Key Power Sector News Roundup for September 24, 2024

Power Bytes

India Finalizes National Electricity Plan for 2032 with Rs 9 Trillion Outlay India’s National Electricity Plan (2023-2032), announced by Union power minister Manohar Lal, targets a Rs 9 trillion investment to meet a 458 GW peak demand by 2032. The plan includes expanding transmission networks to 0.65 million ckm, adding 33.25 GW HVDC systems, and boosting interregional transfer capacity. Renewable energy evacuation and pumped storage projects also receive major focus. Power Minister Launches CSIRT-Power to…

Key Power Sector News Roundup for September 23, 2024

Power Bytes

CEA Clears Two Hydro Pumped Storage Projects in Maharashtra The Central Electricity Authority (CEA) has approved two hydro pumped storage projects in Maharashtra, the 1,500 MW Bhavali PSP by JSW Energy and the 1,000 MW Bhivpuri PSP by Tata Power, adding 15 GWh of storage. For FY25, 15 hydro PSPs totaling 25,500 MW are planned.   Ministry of Power Issues EV Charging Infrastructure Guidelines for 2024 The Ministry of Power has issued 2024 guidelines for EV…

Key Power Sector News Roundup for September 21, 2024

Power Bytes

NTPC Signs MoU for 25 GW Renewable Energy in RajasthanNTPC and Rajasthan’s state power utility have formed a joint venture to develop 25 GW of renewable energy projects, with a focus on green hydrogen production. This initiative will significantly boost India’s clean energy capacity. Amazon and Partners Expand EV Charging NetworkAmazon and its partners are rolling out electric vehicle charging infrastructure in Bengaluru, targeting 9,500 EVs by 2030. The charging stations will be powered by…

Company Profile: NTPC

Features

NTPC Limited, India’s largest power utility, has shown strong financial performance, significant capacity expansion, and renewable energy and nuclear power initiatives. The company achieved record highs in market capitalisation, profit, and electricity generation while advancing its commitment to sustainability and innovation. Here’s a detailed look at NTPC’s achievements and plans. Financial Performance In FY 2023-24, NTPC reported a consolidated profit after tax (PAT) of Rs 213.32 billion, a 25% increase from the previous year. The…

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NCT approves six new projects worth Rs 96.7 billion

India, News

The National Committee on Transmission (NCT) recently recommended six interstate transmission system (ISTS) schemes with a total project outlay of nearly Rs 96.7 billion, to be implemented under the tariff-based competitive bidding (TBCB) mechanism. These schemes aim to enhance India’s power transmission infrastructure across various states. The first scheme focuses on developing a transmission system to supply power to green hydrogen and ammonia manufacturing in the Kandla area of Gujarat, with a planned capacity of…

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US-India Civil Nuclear Commerce meeting underscores deepening collaboration in science and clean energy

India, News

Union Minister Dr. Jitendra Singh chaired a crucial bilateral meeting on US-India Civil Nuclear Commerce at Prithvi Bhavan, focusing on the expanding partnership between the two countries in science, technology, and clean energy. During the meeting, Dr. Singh announced that an Indian astronaut from the Gaganyaan Mission would soon join the International Space Station, marking a significant milestone in Indo-US space collaboration. Dr. Singh emphasized the importance of the US-India partnership in securing global supply…