2024-02-02 06:50:00
INDIA NEED MORE COAL
BLOOMBERG- Jan 30, 2024 - India’s top power producer NTPC Ltd. is boosting its coal-fired capacity even as it commits billions of dollars to green energy, highlighting the country’s dilemma of balancing energy security and hitting climate goals.
The state-run company and its units will issue orders for 16.8 gigawatts of new coal plants over the next three years, Finance Director Jaikumar Srinivasan said on an earnings call Tuesday. The new plants, along with 10 gigawatts already under construction, will expand its coal capacity by about 45% from current levels.
The pledge comes on the same day as NTPC said it signed a preliminary agreement to invest some $9.6 billion in green energy projects in the country.
While India is working toward meeting its clean-energy targets, rising electricity demand has forced policymakers to double down on coal, the dirtiest fossil fuel. For NTPC, the swelling coal pipeline marks a reversal of an earlier policy that sought to limit the use of fossil fuels and increase the share of renewables to account for almost half of capacity.
To support the new plants, the New Delhi-based company will also expand its coal-mining output, aiming for 50 million tons of annual production in three years.
India recorded a peak electricity demand of 243 gigawatts last year, exceeding the power ministry’s projections of 229 gigawatts and prompting the ministry to push for more coal power. Maximum demand is expected to jump to 366 gigawatts by 2032.
-----
Earlier:
2023, December, 21, 06:35:00
INDIA'S ENERGY DEMAND WILL UP
In November, days ahead of the UN Climate Change Conference in Dubai, India's power minister RK Singh said the country would need to add 80 GW of new thermal capacity by 2031-2032 to meet demand.
2023, November, 30, 06:50:00
INDIA NEED COAL
In the next four months, India plans to add nearly 3 gigawatts of coal-fired generation, while the following fiscal year, starting from April 1, 2025, will see it add 14 gigawatts, or its highest level in eight years.
2023, November, 17, 06:55:00
INDIA'S OIL DIVERSIFICATION
Oil ministry officials said India diversified its sources to import crude from as many as 39 nations and hoped the return of OPEC member Venezuela would add to the country's list of steady suppliers.
2023, November, 3, 06:45:00
INDIA NEED VENEZUELA'S OIL
India, the world's third biggest oil importer and consumer, ships over 80% of its oil needs from overseas and wants to cut its crude import bill.
2023, October, 6, 06:40:00
INDIA NEED OIL
Puri has long called for OPEC and its allies led by Russia, known as OPEC+, to consider how their policies affect oil-consuming countries.
2023, September, 22, 06:40:00
INDIA NEED ELECTRIFYING
Transportation in India contributes 14% of CO2 emissions (ICCT 2022), with 90% of energy used by road transport (Hagemann et al., 2020) and 50% of oil demand (IEA 2021). Amidst economic growth, addressing energy use and decarbonization is vital.
2023, March, 15, 06:50:00
INDIA ENERGY RISKS WILL UP
India has also neglected its hydropower potential, which accounts for only around 13% of the country's total installed capacity.
