The average spot power price at IEX dropped 54 percent to a two-year low of Rs 2.71 per unit in October, compared to Rs 5.94 per unit last year. The average spot power price at Indian Energy Exchange (IEX) dropped 54 percent to a two-year low of Rs 2.71 per unit in October, compared to Rs 5.94 per unit in the same […]
Reduction of coal consumption is not a one-day process and India has a long-term plan to gradually replace coal with renewable energy, a government official has confirmed Reduction of coal consumption is not a one-day process and India has a long-term plan to gradually replace coal with renewable energy, Union Environment Secretary C K Mishra said on […]
Coal will continue to be the dominant fuel source in Southeast Asia and is predicted to peak before slowing down before renewable energy sources. According to a new report by Wood Mackenzie, coal will continue to be the dominant fuel source in power generation of Southeast Asia, peaking at 2027 before slowing down and accounting […]
PM Modi further added that the current actions are inadequate and we need a behavioral shift in combating climate change. Prime Minister Narendra Modi made a big announcement at the UN Climate Summit about India doubling the share of non-fossil fuel capacity. Prime Minister Narendra Modi was warmly welcomed by US President Donald Trump just […]
CIL believes that renewable energy sources are unlikely to overtake coal as the major source of power generation in India any time soon Iterating that renewable energy sources were unlikely to overtake coal as the major source of power generation in India any time soon, state-owned Coal India Ltd said the energy migration would happen “differently” in the country as compared to […]
A new report has revealed that renewable energy projects took up a vast majority, nearly 80 percent, of the total energy financing in 2018 A new report has revealed that renewable energy projects took up a vast majority, nearly 80 percent, of the total energy financing in India last year, while financing for coal-fired power […]
Even as the government continues its push for renewables, coal-fired power is expected to remain the main source of energy for the next decade or so. Even as the government continues its push for renewables, coal-fired power is expected to remain the main source of energy for the next decade or so, Power and New and Renewable Energy Minister R K Singh […]
Average spot power prices drop 11 percent to Rs 3.32 per unit in June compared to the year-ago month, IEX said. Average spot power prices drop 11 percent to Rs 3.32 per unit in June compared to the year-ago month, the Indian Energy Exchange (IEX) said. With the trading of 4,207 million units (MU) of electricity, the […]
The Ministry of Power and MNRE have presented their 5-year plan charting the way forward for the country’s power sector. The Power Ministry and the Ministry of New and Renewable Energy (MNRE) recently presented the 5-year action plan (vision document) for the two ministries, charting the way forward for the country’s power sector. Aiming at […]
Subscribe to our newsletter to get the latest scoop right into your inbox.