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India`s power demand up 40 GW-50 GW on daily basis compared to year ago: R K Singh Union Power Minister R K Singh has quantified the pace of economic growth in the country in terms of rise of electricity demand, and said that India's power demand is about 40 GW-50 GW more than the corresponding day last year. He said India has the potential to be one of the biggest manufacturers of green hydrogen in the world. He said ‘we have this huge economy which will continue growing at 7 to 8 per cent for the next 2 to 3 decades. Our energy requirements are huge. Our power d...
India`s power demand up 40 GW-50 GW on daily basis compared to year ago: R K Singh
India`s power demand up 40 GW-50 GW on daily basis compared to year ago: R K Singh
Source: Accord Fintech
6/09/2023 12:20:27 PM
`Sufficient coal stock available to meet demand of power plants during monsoon` Power Minister RK Singh will hold a meeting on August 22 to review the availability of coal for thermal power plants, especially in view of the ongoing monsoon season, even as coal ministry has said that 77 million tonnes of dry fuel is currently available, which is more than sufficient to meet the requirement of power sector, highly placed sources said.  The meeting comes just days after Coal and Mines Minister Pralhad Joshi had last week reviewed the availability of coal, where it w...
`Sufficient coal stock available to meet demand of power plants during monsoon`
`Sufficient coal stock available to meet demand of power plants during monsoon`
Source: IANS
22/08/2023 9:19:59 AM
Sri Lanka to further increase weekly fuel quota from August Sri Lanka has decided to increase the fuel quota for vehicles again next month, Power and Energy Minister Kanchana Wijesekera said. Wijesekera told the media on Thursday that the decision was taken after evaluating fuel stocks and needs. The Minister said in a Twitter message that the fuel cargo plan and supply for the next six months was reviewed with the Ceylon Petroleum Corporation, Xinhua news agency reported. Fuel import plans, refinery operations, refinery upgrade proposals, QR...
Sri Lanka to further increase weekly fuel quota from August
Sri Lanka to further increase weekly fuel quota from August
Source: IANS
21/07/2023 9:25:43 AM
India to cut daytime power tariffs, raise fees for night use  India will cut tariffs for daytime power use but charge a premium when electricity demand peaks during the night, in a bid to manage surging demand and boost the use of renewable energy. The new policy, outlined by the federal power ministry on Friday, will come into effect from April 2024 for commercial and industrial consumers and a year later for most other consumers except those in the agricultural sector. It is aimed at encouraging price-sensitive consumers to run their air-c...
India to cut daytime power tariffs, raise fees for night use
India to cut daytime power tariffs, raise fees for night use
Source: Reuters
23/06/2023 6:05:25 PM
Energy demand in Tamil Nadu crosses record 19,000 MW With sweltering heat gripping Tamil Nadu, the state's peak power demand crossed 19,000 Megawatt, the highest in recorded history. Tamil Nadu Energy Minister V. Senthil Balaji tweeted that for the first time in the state's history, the maximum power consumption was A41.82 crore on April 19. In Megawatt terms, the power demand touched 19,087 MW. This is the first time that the power demand crossed 19,000 MW since records have been maintained for this data. The minister said the...
Energy demand in Tamil Nadu crosses record 19,000 MW
Energy demand in Tamil Nadu crosses record 19,000 MW
Source: IANS
20/04/2023 8:54:34 AM
Centre holds review meet to ensure smooth power supply during peak summer With peak summer season round the corner, the Union Ministry of Power held a high-level review meeting to ensure there is no load-shedding. Power Minister R.K. Singh, while presiding over the meeting, asked the power companies to ensure that there is adequate flow of supply. Singh asked all stakeholders to closely monitor the situation and take proactive actions to meet the electricity demand during the coming months. The minister directed the Central Electricity Authority (CEA) to e...
Centre holds review meet to ensure smooth power supply during peak summer
Centre holds review meet to ensure smooth power supply during peak summer
Source: IANS
9/03/2023 12:45:41 PM
India to bolster carbon trading market with stabilisation fund India is planning a stabilisation fund to keep prices of credits in its planned carbon market above a certain threshold, ensuring that they remain attractive for investors and that the market succeeds in cutting emissions, two government sources said. Money in the fund would be used by a market regulator to buy carbon credits if prices fell too low, one of the officials said. Consistent investor interest in credits and a floor under the price would be needed because sharp falls in the m...
India to bolster carbon trading market with stabilisation fund
India to bolster carbon trading market with stabilisation fund
Source: Reuters
21/12/2022 5:25:05 PM
Parliamentary panel studying electricity amendment bill, seeks comments within 15 days The Parliamentary Standing Committee on Energy on Friday sought stakeholders' comments on the Electricity Amendment Bill, 2022, which it is currently scrutinising, within the next 15 days. The panel, which is headed by BJP MP Jagdambika Pal, had held its first meeting to discuss the bill on December 1. The bill had been referred to the panel by Lok Sabha Speaker Om Birla on November 21. The committee has been given three months to finalise a report on the bill. The bill has re...
Parliamentary panel studying electricity amendment bill, seeks comments within 15 days
Parliamentary panel studying electricity amendment bill, seeks comments within 15 days
Source: IANS
10/12/2022 9:41:55 AM
Power deficit falls to 0.1% in October 2022: R K Singh Power Minister R K Singh has said that power deficit or gap between electricity required and supplied has fallen from 2 per cent to 0.1 per cent between April and October, 2022, primarily on account of various steps taken by the government. The data showed that the deficit was 2,752 million units (units) in April this year which came down to 124 MU in October, 2022. The power deficit was 609 MU (0.4 per cent) in May, 796 MU (0.6 per cent) in June, 434 MU (0.3 per cent) in July, 465 MU (0.4 pe...
Power deficit falls to 0.1% in October 2022: R K Singh
Power deficit falls to 0.1% in October 2022: R K Singh
Source: Accord Fintech
9/12/2022 11:12:09 AM
Electricity amendment bill unlikely to be tabled in Winter Session The controversial Electricity Amendment Bill, 2022 is unlikely to be tabled in the forthcoming Winter Session of the Parliament, which is scheduled to begin from December 7. The reason being is that more than three months after the proposed legislation was referred to the Parliamentary Standing Committee on Energy, the panel would be holding its first meeting to discuss the legislation on December 1 -- just six days before the commencement of the Winter session. BJP MP Jagdambika Pal heads...
Electricity amendment bill unlikely to be tabled in Winter Session
Electricity amendment bill unlikely to be tabled in Winter Session
Source: IANS
28/11/2022 10:01:43 AM
Uttar Pradesh minister Yogi Adityanath ready to cross shores for Global Investors` Summit Uttar Pradesh ministers will travel to 19 cities across 17 countries between December 9 and 19, ahead of the Global Investors' Summit (GIS) scheduled early next year. The road shows will work in simultaneous mode which means that more than one road show will take place per day. Sources said the schedule had been verbally approved by Chief Minister Yogi Adityanath who may travel separately closer to the event in January. The required paperwork for visa and other things has been initi...
Uttar Pradesh minister Yogi Adityanath ready to cross shores for Global Investors` Summit
Uttar Pradesh minister Yogi Adityanath ready to cross shores for Global Investors` Summit
Source: IANS
24/11/2022 10:27:12 AM
India will have over 65% power generation capacity from non-fossil fuels by 2030: RK Singh Power and New & Renewable Energy Minister RK Singh has said that India will have more than 65 per cent of its power generation capacity from non-fossil fuels by 2030. He stated India will have 90 GW of solar equipment manufacturing capacity by 2030, up from 20 GW at present. He also stated that about 15-20 GW of solar equipment manufacturing capacity is under construction and India will have 40 GW of such facilities under Production-Linked Incentive Scheme-II (PLI-II). Further, he also...
India will have over 65% power generation capacity from non-fossil fuels by 2030: RK Singh
India will have over 65% power generation capacity from non-fossil fuels by 2030: RK Singh
Source: Accord Fintech
18/10/2022 12:18:33 PM
R K Singh to inaugurate state power ministers meet in Udaipur on Friday Minister for Power and Renewable Energy R.K. Singh will inaugurate a two-day conference of states power ministers in Udaipur on Friday. Rajasthan Chief Minister Ashok Gehlot as well senior officials of the power departments of the participating states along with chiefs of power sector PSUs and state power ministers will take part in the conference, which has been organised by the Central government. Some of the important agenda items of the conference are viability of distribution compa...
R K Singh to inaugurate state power ministers meet in Udaipur on Friday
R K Singh to inaugurate state power ministers meet in Udaipur on Friday
Source: IANS
13/10/2022 2:29:41 PM
PLI-II scheme for solar manufacturing to help save close to Rs 1.4 lakh crore forex every year: R K Singh Union Power Minister R K Singh has exuded confidence that the second version of production linked incentive (PLI-II) scheme for solar manufacturing worth Rs 19,500 crore, will help save close to Rs 1.4 lakh crore forex every year and it will also result in a huge quantity of inflows on account of exports. The minister stated that one of the benefits expected from the PLI scheme is that about 65,000 MW per annum manufacturing capacity of fully and partially integrated solar PV modules would...
PLI-II scheme for solar manufacturing to help save close to Rs 1.4 lakh crore forex every year: R K Singh
PLI-II scheme for solar manufacturing to help save close to Rs 1.4 lakh crore forex every year: R K Singh
Source: Accord Fintech
22/09/2022 12:25:14 PM
Around 25L domestic consumers in Punjab got `zero` electricity bill Around 25 lakh domestic consumers in Punjab have got 'zero' electricity bill, state Power Minister Harbhajan Singh said on Saturday. The minister told the media in Amritsar that this is the first time the government is fulfilling its election promises in the initial year itself, "otherwise governments have been fulfilling election promises only in the last year of their tenure". He said due to the relief given by the Punjab government of 300 units per month, the electr...
Around 25L domestic consumers in Punjab got `zero` electricity bill
Around 25L domestic consumers in Punjab got `zero` electricity bill
Source: IANS
4/09/2022 10:26:16 AM
Mining of coal from Odisha: Tamil Nadu power utility to float tender in two weeks Tamil Nadu Generation and Distribution Company (Tangedco), the electricity provider of the state, will be floating a tender within a fortnight to mine coal from the Chandrabilla coal block, Angul district, Odisha. The Union government had allocated the Chandrabilla coal block to Tamil Nadu in 2016. However, the project could not take off due to non-clearance from the Ministry of Environment, Forest and Climate Change in the forest areas of the coal block. Senior officials with Tangedco ...
Mining of coal from Odisha: Tamil Nadu power utility to float tender in two weeks
Mining of coal from Odisha: Tamil Nadu power utility to float tender in two weeks
Source: IANS
20/08/2022 10:45:37 AM
Tamil Nadu: Spl teams to study power infra in all assembly constituencies Tamil Nadu Generation and Distribution Company (Tangedco) has constituted special teams to study the power infrastructure in all the assembly constituencies of the state. The teams comprising engineers and higher officials are expected to submit the report within a week's time. Tamil Nadu power minister, Senthil Balaji in a statement on Thursday said that the initiative is following the directions of the Chief Minister M.K. Stalin. The team is expected to visit all the villages and rep...
Tamil Nadu: Spl teams to study power infra in all assembly constituencies
Tamil Nadu: Spl teams to study power infra in all assembly constituencies
Source: IANS
18/08/2022 2:31:01 PM
India`s power deficit reduces from 2% in April to 0.6% in June: R K Singh Power Minister R K Singh has said that power deficit, a gap between energy requirement and energy supplied, had been reduced considerably from 2 percent in April 2022 to 0.4 percent in May 2022 and 0.6 percent in June 2022, despite the significant increase in energy requirement during these months as compared to the corresponding months of May 2021 and June 2021. The minister stated that electricity supplied grew 12.8 per cent in April 2022, as compared to the year-ago month, across India....
India`s power deficit reduces from 2% in April to 0.6% in June: R K Singh
India`s power deficit reduces from 2% in April to 0.6% in June: R K Singh
Source: Accord Fintech
29/07/2022 12:15:03 PM
Country has adequate power, Government tells Lok Sabha The government on Thursday told the Lok Sabha that there is no power shortage in the country. In a written reply, Power Minister R.K. Singh said: "At present, there is adequate installed capacity for power generation in the country as on June 30, the installed generation capacity of India was 403.76 Giga Watt (GW) which is sufficient to meet the Peak Power Demand of the country of around 215.89 Giga Watt (GW) which had occurred in the month of April, 2022 during the current year 2022-...
Country has adequate power, Government tells Lok Sabha
Country has adequate power, Government tells Lok Sabha
Source: IANS
28/07/2022 4:19:39 PM
Goa needs Tamnar project for power supply: PWD Minister Goa PWD Minister Nilesh Cabral on Wednesday said that as there is constant rise in demand for power supply, the state will require the Tamnar project power line to meet future requirements. Cabral, speaking at 'Ujjwal Bharat' programme in Sanguem, South Goa, appealed to the people to adopt sources of renewable energy to meet their power requirements. "As there is constant rise in demand for power supply, the state will require the Tamnar project power line to meet our futur...
Goa needs Tamnar project for power supply: PWD Minister
Goa needs Tamnar project for power supply: PWD Minister
Source: IANS
28/07/2022 10:02:31 AM
Power tariff in Tamil Nadu set to rise after a decade The power charges in Tamil Nadu are in for a hike with the state electricity board submitting the proposed rates to the Tamil Nadu Electricity Regulatory Commission (TNERC) for clearing the proposal. The hike in power charges in the state is being implemented after 2011 for the first time. State power minister Senthil Balaji in a statement said that burgeoning losses and the huge liabilities under the Ujwal DISCOM Assurance Yojana (UDAY) scheme which the previous government had not amelior...
Power tariff in Tamil Nadu set to rise after a decade
Power tariff in Tamil Nadu set to rise after a decade
Source: IANS
19/07/2022 2:10:20 PM
Hotel industry in Goa affected due to power cuts: Lobo Congress MLA Michael Lobo on Monday said that hotel and other businesses in the coastal belt are affected due to power outages. The Opposition benches in Goa legislative assembly have expressed concern that if industries leave Goa over reason of power, then the situation will be worse. "Because of low voltage, the coastal belt is affected. It is the worst affected belt. In guest houses and resorts you can't switch on the air conditioners. Daily, at least 20 electricity cuts are...
Hotel industry in Goa affected due to power cuts: Lobo
Hotel industry in Goa affected due to power cuts: Lobo
Source: IANS
19/07/2022 9:01:05 AM
India power minister expects energy crisis to persist  India's power minister said on Wednesday the current global energy crisis is likely to go on for some time due to the "cartelisation" of the fossil fuel industry, not just because of the Ukraine conflict. "This crisis is going to stay," Minister of Power Raj Kumar Singh said at the Sydney Energy Forum, co-hosted by Australia and the International Energy Agency. "I believe this crisis has been in the making for some time." The crisis has been cause...
India power minister expects energy crisis to persist
India power minister expects energy crisis to persist
Source: Reuters
13/07/2022 8:43:41 AM
Government to invite bids for power from 8,000 MW thermal capacities without PPAs: RK Singh Power Minister RK Singh has said that the government would invite bids from states to sell electricity generated from 8,000 megawatt (MW) thermal capacities without power purchase agreements (PPAs). Sharing the government's plan to resolve the issue, he said that states have been asked to send their electricity requirement, and accordingly bids will be invited. He stated ‘We will aggregate (their demand) and call on for bids and based on the bids, whoever puts in the lowest bids,...
Government to invite bids for power from 8,000 MW thermal capacities without PPAs: RK Singh
Government to invite bids for power from 8,000 MW thermal capacities without PPAs: RK Singh
Source: Accord Fintech
27/06/2022 10:21:49 AM
Sri Lanka won't receive fuel shipments this week and next: Minister Kanchana Wijesekera Amid the ongoing economic crisis in Sri Lanka, Minister of Power and Energy Kanchana Wijesekera said the island nation will not receive shipments of petrol, diesel and crude oil, scheduled for this week and next week. The Minister said that suppliers have informed state-owned fuel importer and distributor Ceylon Petroleum Corporation (CPC) that they will not make the scheduled deliveries due to banking and logistic reasons, reports Xinhua news agency. Wijesekera said public transportati...
Sri Lanka won't receive fuel shipments this week and next: Minister Kanchana Wijesekera
Sri Lanka won't receive fuel shipments this week and next: Minister Kanchana Wijesekera
Source: IANS
26/06/2022 11:00:56 AM
Government in talks with number of countries for future exports of hydrogen from India: R K Singh With an aim to boost future exports of hydrogen from India, Union power minister R K Singh said that the government has held discussions with a number of countries, including Japan and Germany. The minister also added that India is aiming to produce 20 million tonne (MT) of green hydrogen by 2030. The minister also exuded confidence that India will emerge as a leader in green hydrogen. Meanwhile, India has signed a joint declaration of intent on Indo- German hydrogen task force with German...
Government in talks with number of countries for future exports of hydrogen from India: R K Singh
Government in talks with number of countries for future exports of hydrogen from India: R K Singh
Source: Accord Fintech
16/06/2022 2:25:49 PM
Sri Lanka extends credit line with India by $200mln for fuel - power minister COLOMBO - Sri Lanka has extended a credit line with India by $200 million in order to procure emergency fuel stocks, the country's power and energy minister said on Monday, with four shipments due to arrive in May. Colombo was also in talks with New Delhi over extending the credit line by an additional $500 million, minister Kanchana Wijesekera told a news conference.  
Sri Lanka extends credit line with India by $200mln for fuel - power minister
Sri Lanka extends credit line with India by $200mln for fuel - power minister
Source: Reuters
2/05/2022 3:50:32 PM
Exclusive-India power minister tells states to step up coal imports for 3 years NEW DELHI - India's power minister has told states to step up coal imports for the next three years, four sources told Reuters, reporting remarks that imply prolonged support for already elevated global prices for the fuel. The statement by Power Minister R K Singh puts a long timeline on a major policy reversal suggested this month, when the federal government asked utilities run by state governments to step up coal imports. That move was contrary to a long-standing national object...
Exclusive-India power minister tells states to step up coal imports for 3 years
Exclusive-India power minister tells states to step up coal imports for 3 years
Source: Reuters
27/04/2022 3:31:39 PM
Power, Railways Ministers hold talks on power demand Amid heatwave and expectation of rising power demand, Union Power Minister R.K Singh and Railways Minister Ashwini Vaishnaw held a meeting here on Monday to discuss short term and long term strategies for dealing with the situation. Power Secretary Alok Kumar, Coal Secretary A.K Jain and senior officials from Ministries of Power, Coal, and Railways were also present, while representatives from coal and power PSUs and Madhya Pradesh, Rajasthan, Gujarat, and Maharashtra joined virtually. ...
Power, Railways Ministers hold talks on power demand
Power, Railways Ministers hold talks on power demand
Source: IANS
26/04/2022 9:18:54 AM
20 states evince interest for getting additional borrowing space for power sector: Power ministry The power ministry has said that as many as 20 states have evinced interest for getting additional borrowing space for the power sector under a central scheme. The Ministry of Finance had launched a programme in June 2021 to allow additional borrowing space of Rs 80,000 crore to states, which is conditional on them undertaking and sustaining specific reforms in the power sector. Based on the recommendations of Ministry of Power in respect of such proposal from Andhra Pradesh state, Ministr...
20 states evince interest for getting additional borrowing space for power sector: Power ministry
20 states evince interest for getting additional borrowing space for power sector: Power ministry
Source: Accord Fintech
19/01/2022 11:23:08 AM
Availability of power has gone up to 21 to 23 hours: Power Minister Union Power and New and Renewable Energy Minister R.K. Singh on Friday said that availability of power in the country, including in the northeast region, has gone up to an average of 21 hours per day in rural areas and 23 hours in urban areas. He said that in the past three-four years, the power system in the northeast region has developed tremendously and almost all states in the region have managed to revamp their electricity management. "Today the power system in the northeast i...
Availability of power has gone up to 21 to 23 hours: Power Minister
Availability of power has gone up to 21 to 23 hours: Power Minister
Source: IANS
4/12/2021 11:26:04 AM
No shortage of power in country: Power Minister R K Singh Power Minister R K Singh has exuded confidence that there would be no power shortage in the country amid the ongoing low coal stocks at power plants and stressed on timely payments by distribution companies to the plants for electricity supplied to them. Singh assured ‘There won’t be any back down…There was no (power) outage yesterday. There was no (power shortage) and it did not happen even before. If there is some outage, then that is because of our own (states’) co...
No shortage of power in country: Power Minister R K Singh
No shortage of power in country: Power Minister R K Singh
Source: Accord Fintech
26/10/2021 11:37:51 AM
Budget may bring in new policy to revive power discoms Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia  Download Telegram App before Joining the Channel The upcoming Union Budget may bring about a new policy to reduce the losses of power distribution company and revive them. Union Power Minister R.K. Singh on Monday said that the Power Ministry has discussed and proposed the new scheme with the Finance ...
Budget may bring in new policy to revive power discoms
Budget may bring in new policy to revive power discoms
Source: IANS
28/01/2020 9:03:24 AM
UDAY not a failure, new scheme likely in Union Budget, says RK Singh Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia  Download Telegram App before Joining the Channel NEW DELHI : Asserting that the UDAY scheme was not a failure power minister R.K. Singh on Monday said an improved version of the programme, meant for revival for discoms, may be announced in the Union Budget later this week. "We have discussed the ...
UDAY not a failure, new scheme likely in Union Budget, says RK Singh
UDAY not a failure, new scheme likely in Union Budget, says RK Singh
Source: Live Mint
27/01/2020 4:37:02 PM