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Power, renewable energy ministries to discuss green power curbs and grid penalties
Renewable energy and power ministries will convene Wednesday to address industry concerns regarding the deviation settlement mechanism and curtailment of green power. Stricter grid compliance rules have raised viability issues for renewable energy projects, prompting ongoing discussions and government examination of these critical matters.
CCI clears Adani Power's GVK buy, other deals
The Competition Commission of India has approved four business deals, including Adani Power's acquisition of GVK Energy and Canada Pension Plan Investment Board's stake in Ctrl S Datacenters. The regulator also cleared Thriveni Earthmovers' purchase of a stake in Llyods Engineering Works and the merger of three entities into the company.
Tata Power in talks with three states for its nuclear power project plan
Tata Power is taking significant strides in its pursuit of nuclear energy. Currently, negotiations are underway with three states regarding its upcoming projects. Anticipation builds as a comprehensive project report is slated for release within the next six months. Additionally, Tata Power is teaming up with NPCIL to bring these nuclear initiatives to fruition.
JSW Energy shares in focus Q4 net profit rises 38% to Rs 574 crore, revenue up 41%
JSW Energy shares are in focus after a strong March quarter. The company reported a 38% profit jump and 41% revenue growth year-on-year. Power sales volume climbed significantly. Renewable and thermal generation saw substantial increases. The company also recommended a dividend payout. This performance boosts investor interest.
Supreme Court agrees to hear IEX plea against power market coupling order
The Supreme Court will review the Indian Energy Exchange's challenge to a regulatory order. This order mandates market coupling for power trading. The court refused to halt the implementation of this process. The Indian Energy Exchange argues the order is arbitrary and will harm its market share. The Central Electricity Regulatory Commission is now required to respond to the appeal.
China-like grid planning needed to meet renewable energy goal: MNRE secretary
India aims for 1,800 gigawatts of renewable energy by 2050. Achieving this requires a super grid, similar to China's. The government plans to spend $574 billion by 2030 on high-voltage lines. Enhanced grid infrastructure will address power evacuation challenges. Policymakers are working with states to ensure necessary equipment and storage systems are in place for better renewable energy integration.
CIL's April coal auction quantity drops 6% vs March to 30.5 MT
Coal India Limited offered 30.5 million tonnes of coal in April auctions. This marks a slight decrease from March. Global energy prices are high due to West Asia tensions. Power plants are increasing coal use for energy security. Coal India is also allowing buyers from Bangladesh, Bhutan, and Nepal to participate directly in auctions from January 1, 2026.
China’s factory inflation surges to a near 4-year high; domestic demand remains tepid
China factory prices rise 2.8% in April, fastest since July 2022, ending deflation as Iran war disrupts energy, but weak demand and labour market limit firms pricing power
NTPC to submit first nuclear project feasibility study
Power giant NTPC is set to submit its first nuclear project feasibility study to the Department of Atomic Energy. This move aims to secure approval for standalone nuclear projects. NTPC plans to achieve 2 GW of nuclear capacity by 2032. The company is also exploring sites in Bihar and other states for its ambitious nuclear expansion plans.
Evening peak power demand exposes gaps in India’s energy transition: Citi
India's power sector is shifting focus from electricity shortages to ensuring reliable power during non-solar hours. Rapid renewable energy growth creates challenges for evening and night-time demand. The country needs enhanced transmission and storage infrastructure. Battery storage and flexible thermal generation will be crucial. Delays in capacity additions could lead to power shortages. Coal power will remain important.
Gujarat builds 870 MW battery power backup network to stabilise renewable energy grid
Gujarat has launched battery storage systems totaling 870 MW across five locations to ensure renewable power grid stability. The state has also registered 13 additional projects and integrated BESS with its first solar village, Modhera. This initiative strengthens Gujarat's position as a leader in battery storage solutions in India.
Abakkus trims banking exposure, adds solar and power-linked capital goods stocks
Aman Chowhan, Fund Manager at Abakkus Asset Manager, which manages assets worth nearly $2.06 billion, said the sharp market rebound over the past few weeks has caught many investors by surprise, even as the fund stayed selectively bullish through the correction. The Mumbai-based AMC increased exposure to renewable energy, power-linked capital goods and select metal plays, while trimming some banking exposure. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.