The structured bidding trajectory will provide sufficient time to renewable energy developers to plan their finances, develop business plans and manage the supply chain more efficiently, said power minister R.K. Singh.
Set to commence production shortly, the CO2-to-methanol plant is being established at NTPC’s existing thermal power station in Vindhyachal, Madhya Pradesh. It will convert 20 tonnes-per-day (tpd) of CO2 to 10 tpd methanol through a catalytic hydrogenation process, utilizing CO2 from thermal plant flue gas through a carbon capture unit and green hydrogen produced by electrolysis.
Using some of India’s existing gas-based power capacity as peaking plants would be more economical than the other options in the short-term market for peak power supply. Gas-based power plants can provide ancillary services to maintain the grid’s power quality, reliability, and security as renewable energy capacity increases, says a new report by IEEFA.
The integrated power company reported a profit after tax or net profit of INR 1,052 crore ($127.6 million) in the quarter ended December 2022, a 91% increase year-on-year.
Tata Power will deploy US-based AutoGrid’s software application for electricity load management in Mumbai. It aims to engage 55,000 residential consumers and 6,000 large C&I customers to achieve 75 MW of peak capacity reduction within the first six months. It also plans to scale up the capacity reduction to 200 MW by the summer of 2025.
Indian developer Acme and the Norwegian investment fund have signed the framework agreement to co-invest in developing potential renewable energy projects in India.
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