Peak power demand declines again to 5.65% in August. India to reduce dependence on thermal power to 50% by FY22.
A degree of rise in heat index resulted in 187MW increase in power demand. Rs 68k cr of loans disbursed under DISCOMs liquidity package.
Solar sector imports down 83%. Govt extends ISTS waiver for renewable projects until June 2023. DISCOM’s outstanding dues to gencos rise 47% in June.
Safeguard duty on Chinese solar panels extended for another year. Renewable energy certificate sales down 50% to 3.49 lac in June.
Power demand in India to fall 5% to 6% in FY21 due to COVID restrictions: ICRA. 5.9GW Solar capacity added in FY20, 6.6GW to be added in FY21 in India.
Corporate funding in Solar falls 76% in H1 2020.
Operation of Electricity Futures permitted in India.
Power demand slump reduces to 2.6% in July. Average spot price on IEX drops to Rs 2.35/unit.
Power consumption dips 9.74% but the slump narrows.
Rapid acceleration of innovation in clear energy technology needed to meet net zero target: IEA.
Thermal power plants’ PLF drops to 47.9% in May. Rs 90k crore liquidity infusion for DISCOMs a dud. Customs duty to be imposed on solar modules, to rise to 40% in a year.
Coronavirus crisis: Renewable capacity addition continues to be sluggish. Transmission system planning to be separated from PGCIL.