
India plans to add 14,700 MW of thermal power capacity this year
Out of the 14,700 megawatt, the Centre's target is to add 6,880 MW.
Out of the 14,700 megawatt, the Centre's target is to add 6,880 MW.
India's energy requirement in financial year 2022-23 increased by 9.5% compared to the previous financial year as per data released by Central Electricity Authority (CEA).
The Ministry of Power has also directed NTPC to run its 5000 MW gas-based power stations during the crunch period in April-May.
In pumped hydro storage projects (PHPs) water is pumped from a lower elevation reservoir to a higher elevation using low-cost surplus off-peak electric power to run the pumps.
The Adani Group stock has nosedived over 35% in the last two months, from its 52-week high of ₹4,238.55 touched on September 16, 2022.
The manufacturing sector grew 3.2% in July, power generation rose 2.3%, while mining output contracted 3.3% during the month under review, the NSO data showed.
Industry sources say the move, which will burden consumers, is part of the attempts to improve the poor financial health of distribution companies.
The bill aims to give multiple licences in various power distribution areas, paving the way for private sector companies to take up distribution.
China has invested over $50 billion in new PV supply capacity – ten times more than Europe − and created more than 3,00,000 manufacturing jobs across the solar PV value chain since 2011.
The growth in the index of eight core industries can be attributed to the higher production of cement, coal, fertilisers and electricity during May 2022 over the corresponding period of last year.