Transmission & distribution

The budget signifies the government’s intent to drive domestic manufacturing of lithium battery cells as it waives customs duty on the import of machinery required for manufacturing these cells. It also continues with nil customs duty on critical inputs for solar manufacturing. The budget also aims to support large-scale battery storage projects through viability gap funding.

Abu Dhabi-based International Holding Company (IHC) has subscribed to 16% of Adani Enterprises $2.5 billion Further Public Offering. This is IHC’s second investment deal completed with Adani Group after last year’s $2 billion investment in Adani Green Energy, Adani Transmission, and Adani Enterprises.

While the current policy regime supports the adoption of flexible resources like batteries, grid flexibility and resilience require more focus and a range of calibrated efforts, including due acknowledgment as a sector priority and robust planning at the central and state level. The upcoming union budget provides an opportunity for the government to develop flexible and resilient grids.

India has installed a cumulative renewables capacity (excluding large hydro) of 122 GW as of December 31, 2022, falling 30% short of its 175 GW target. While solar addition has remained more consistent than wind over the last few years, 2023 is going to be a challenging year for PV installation due to the shortage of domestically manufactured modules.

The energy system in Delhi can transform from being heavily based on coal, biomass for cooking, and fossil gas in 2020 towards completely based on solar PV and renewable energy imports from neighboring states by 2050, as solar PV emerges as the least-cost energy source, according to researchers from LUT University.

The Indian multinational EPC contractor has secured the power grid and power generation works for the 600 tpd green hydrogen plant being built by NEOM Green Hydrogen Co. in Saudi Arabia.

Bhutan will procure up to 600 MW of power from the Indian market to meet its requirement during the dry winter season.

The Indian multinational EPC provider has sold its 51% stake in L&T Infrastructure Development Projects to a platform backed by Edelweiss Alternatives.

NTPC’s 4.75 GW project is part of 30 GW hybrid renewable energy park at Khavda village in the Indian state of Gujarat.

India’s Ministry of Power has chalked out a comprehensive plan for the evacuation of power from the planned 500 GW of renewables capacity by 2030. The plan envisages an additional transmission system and the installation of battery energy storage capacity.