Draft Tariff Based Competitive Bidding Guidelines For Pumped Storage Plants
The Ministry of Power (MoP) has invited public comments on draft guidelines for the procurement of storage capacity and stored energy from Pumped Storage Plants (PSPs) through competitive bidding. These guidelines aim to promote the development of PSPs and create a transparent framework for their integration into the national power grid.
Three New Portals Launched In The Power Sector
The launch of the three online portals; DRIPS, PROMPT, and JAL VIDYUT DPR is intended to enable transparent, coordinated, and effective working of the power sector in the country. Speaking at the launch, the Minister emphasized the crucial role of electricity in driving India’s economic growth and highlighted the urgent need for timely completion of ongoing thermal power projects.
CERC Finalizes Tariff for Renewable Energy Projects From July 1, 2024 To March 31, 2025
The Commission has maintained the proposed bagasse fuel prices for the first year of the control period for bagasse-based cogeneration plants. Additionally, the final levellized generic tariff for Renewable Energy (RE) projects has been determined for various projects and for different states of the country.
JERC Amends Procurement of Renewable Energy Regulations 2024
This amendment introduces new definitions related to renewable energy, and outlines obligations for the procurement of power from different renewable energy projects, including wind and other renewable power projects commissioned after specific dates.
Measures Ensure Adequate Power Supply In The Summer
To cater to the projected peak demand of 235-240 GW during May and June, the government has taken further actions to ensure smooth power supply. These measures include boost in gas power, hydropower optimization, thermal plant efficiency and increase in wind power.
Efficiency Gains & Upgradation Initiatives in Power Sector
The Union Minister for Power and New & Renewable Energy has underscored the importance of annual maintenance and periodic upkeep in ensuring the seamless operation of power plants, including thermal and hydro facilities. The Minister highlighted the continuous efforts in Renovation & Modernisation (R&M) and Upgradation as a cost-effective means of optimizing energy resources through efficiency improvements, better availability, and capacity augmentation.
Ministries of Coal and New & Renewable Energy Join Forces to Boost Green Energy Initiatives
Under this cooperative framework, the MNRE will extend its support by providing technical expertise, policy guidance, and capacity-building assistance. Simultaneously, the Ministry of Coal will facilitate the availability of land and capital while actively participating in the implementation of solar energy, green hydrogen, and various other renewable energy projects.
Procedure for Implementation of Uniform Renewable Energy Tariff
The duration of each central pool will be five years, and all capacity for which Power Supply Agreements (PSAs) are signed within this period will become part of the central pool. After the end of five years, no new capacity will be added, but the existing capacity will remain part of the pool until the expiration of their respective agreements.
