India needs $385 bn to meet 500GW renewable energy target
While the strong growth in India's renewable energy capacity is likely to continue, coal will remain an important source of electricity generation in the next 8-10 years, says Moody's.
While the strong growth in India's renewable energy capacity is likely to continue, coal will remain an important source of electricity generation in the next 8-10 years, says Moody's.
The 4,000 megawatt (MW) coal-fired plant is running at almost full capacity in the first half of April when electricity consumption grew nearly 10% year-on-year to 70.66 billion units (BU).
The joint venture will set up an ammonium nitrate plant in Odisha through surface coal gasification technology.
The PSU will be setting up two projects through JVs involving an outlay of ₹24,834 crore.
Sector Macroscope
Given that India is already committed to tripling renewable and nuclear energy by 2030 and energy surplus since FY11, it doesn't need to hung up on coal
A coalition comprising more than 80 countries, including the United States, the European Union, and small island nations, advocates for pact at COP28 that incorporates to "phase out" fossil fuels.
In November 2023, the total coal output reached 66 MTs, showcasing an 8.7% increase compared to the 60.7 MTs recorded in November 2022, reflecting a substantial rise of 5.3 MTs
The price hike is expected to generate incremental revenue of ₹2,703 crore for the balance period of financial year 2023-24, says CIL
Out of the 14,700 megawatt, the Centre's target is to add 6,880 MW.