The overall water storage in the major reservoirs and river basins in the country has dropped less than the average storage recorded in a decade for the corresponding period, according to data released by the Central Water Commission (CWC).  CWC’s weekly update released on April 18, 2024 showed that except for central and eastern India, all the other regions – northern, western and southern &ndash...

The peak power demand met or the highest supply in a day rose to about 218 GW in the first half of April compared to 206 GW in the same period a year ago. ndia's power consumption grew nearly 10 per cent year-on-year to 70.66 billion units (BU) in the first half of April this year, showing improvement in economic activities and consumption patterns, according to the power ministry data.According to the data, p...

The environment ministry has started the process of granting environmental clearance to rebuild a hydropower project in the upper reaches of the Himalayas in Uttarakhand that was almost completely washed away during the 2013 flash floods that killed over 6,000 people, according to documents seen by HT. The ministry’s expert appraisal committee for river valley and hydroelectric projects on March 20 approved ...

How rising summer demand & Sec 11 extension may benefit 3 power companies: Rupesh D Sankh In terms of volume, companies like IEX, Torrent Power, and JSW Energy will benefit from the higher merchant capacity they have in the next two to three months because of the increase in peak demand. Rupesh D Sankhe discusses the strong fundamentals in the power sector, with some companies facing stretched valuatio...

Inspired by the success of the "Bhiwandi Model” in the late 2000s, franchisees have become a mainstay of the electricity distribution reform toolkit. Bailout packages ranging from the Financial Restructuring Plan of 2012 to the latest Revamped Distribution Sector Scheme (RDSS) in 2023, advocates are implementing franchisees to reduce losses. While the policy prescription is unequivocal, the gr...

The government has set the target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the current financial year. In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 percent higher than 116 MT produced in FY23. According to an official, the additional secretary, of coal, M Nagaraju this week reviewed the coal productio...

Report showing increasing global capacity of plants running on fossil fuel does not augur well for meeting Paris climate pact target According to the International Energy Agency (IEA), coal power plants produce a fifth of global greenhouse gas emissions, more than any other single source. Reducing the use of this fossil fuel is one of the most contentious issues in global climate change negotiations. The growing p...

Data from IEX for March 2024 shows that the DAM segment maintained stable prices with an average market clearing rate of Rs 3.91 per unit, a decline of 28 percent from the previous year. Meanwhile, the Term-Ahead Market (TAM) recorded higherates, imposing additional financial burdens on DISCOMS. ...

With the rise in day temperature the power demand in April has risen by 8.5 percent to 8100 MW against last year’s maximum demand of 7491 MW in April. The power supply in the first ten days of April has also increased by 11 percent to 13700 million units against last year’s supply of 12300 million units, an increase of 1400 MU. Punjab has seen a consistent rise in the demand for power. According to an est...

World’s coal power capacity rises despite climate warnings   Increase of 2% last year driven by plant expansion in China and slowdown in US and Europe closures Jillian Ambrose Thu 11 Apr 2024 The world’s coal power capacity grew for the first time since 2019 last year, despite warnings that coal plants need to close at a rate of at least 6% each year to avoid a climate emergency. &n...