In Short : “The Power Ministry directs GENCOs to offer surplus power for sale in markets, leveraging excess capacity to meet demand fluctuations and optimize energy resources in the power sector.” In Detail : The Ministry of Power has directed power generating companies to offer surplus power up for sale in the power markets New […]
Power Ministry holds interaction with industry stakeholders to review 80 GW Thermal Power Capacity addition by 2031-32 – EQ
In Short : The Minister asked the vendors and contractors to submit their concerns and suggestions so that workable solutions may be devised. He assured them DISCOMs’ future power requirements will be collated and shared with the power developers and asked them in turn to share as to how much capacity they can ramp up. […]
Power Ministry officials partake in Run for Unity on National Unity Day – EQ
In Short : Power Ministry officials demonstrated unity and solidarity by participating in the Run for Unity on National Unity Day. The event, held in honor of India’s first Deputy Prime Minister, Sardar Vallabhbhai Patel, promotes the spirit of unity, patriotism, and integration among the citizens. By joining this initiative, the Power Ministry officials underscored […]
Power Ministry PSUs brainstorm on Best Practices in Vigilance Administration – EQ
In the run-up to the Vigilance Awareness Week 2023, twelve PSUs / organizations under the Ministry of Power came together to brainstorm on best practices in vigilance administration, at a brainstorming session on ‘Best Practices in Vigilance Administration including Innovative Systemic Improvements’. Chief Vigilance Officers / Deputy Chief Vigilance Officers of the 12 organizations participated […]
Power ministry establishes UTPRERAK, a Centre of Excellence to Accelerate Adoption of Energy Efficient Technologies in Indian Industry – EQ Mag
UTPRERAK will help improve energy efficiency of Indian industry: Union Minister of State for Power Krishan Pal Energy Efficient Technologies Key to Achieving India’s Emission Reduction Targets under NDCs: Power Secretary The Ministry of Power, Government of India has set up a dedicated Centre of Excellence to accelerate industry adoption of clean technologies and thus […]
Power ministry asks CERC to start process for market coupling – EQ Mag
The move is a step towards the government’s intention to shift India’s electricity trading from long-term (25 years) power purchase agreements (PPAs) to electricity markets (exchanges) and shorter PPAs of up to 12-15 years. It also means the government has revived its plan to introduce Market-Based Economic Dispatch (MBED) mechanism in India. Under market coupling, […]
Power ministry panel outlines roadmap to develop electricity market – EQ Mag
New Delhi: A power ministry-constituted panel has suggested a roadmap outlining the interventions for the near, medium, and long term for the development of the electricity market. The interventions suggested by the panel include setting up a mechanism to monitor whether adequacy of supply is being maintained by the state utilities, enhancing the efficacy of […]
Power Ministry asks CERC to consult before drafting, changing rules – EQ Mag
The ministry has said it is issuing this as there have been several instances where it had to intervene to the CERC for change in regulations The power ministry has directed the quasi-judicial regulatory body, Central Electricity Regulatory Commission (CERC), to consult the government before drafting or amending any regulation. The ministry’s notice comes at […]
Power ministry seeks comments on draft carbon credit trading scheme – EQ Mag
The power ministry on Monday issued a draft ‘Carbon Credit Trading Scheme’ with an aim to set up a framework for Indian carbon market and sought feedback from stakeholders The comments on the draft scheme would have to be submitted with the ministry by April 14, 2023, an office memorandum stated. The parliament has passed […]
Power Ministry proposes tax sops, green clearances for pumped storage hydro projects – EQ Mag
New Delhi : To promote pumped storage hydro-power projects in India, the Ministry of Power has proposed giving incentives such as tax breaks, easy environment clearance and providing land at concessional rates. The ministry has released draft guidelines on pumped storage projects (PSPs) to seek comments from states and state-run companies as well as private […]