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India and Singapore are considering plans for a 2,000 MW cross-border power interconnection that could enhance energy security. The proposed land-based transmission corridor would connect Imphal in India to Singapore via Myanmar, Thailand, and Malaysia. View More
New Delhi: India and Singapore are exploring options for a proposed 2,000 MW cross-border power interconnection, Minister of State for power and renewable energy Shripad Yesso Naik said on Thursday. One of the options under consideration is a land-based transmission corridor of around 3,000 km connecting Imphal in India to Singapore through Myanmar, Thailand and Malaysia, Naik said while addressing the East Asia Summit energy ministers' meeting in Manila. The proposed interconnection has the potential to facilitate reliable cross-border electricity trade, support clean energy integration and strengthen regional energy security, he said. Naik said India was ready to share its experience in large-scale renewable energy deployment, grid integration, transmission planning, energy storage, green hydrogen and clean energy technologies with the participating easy Asian countries. Also read | Electricity subsidy for existing businesses is taxable, Supreme Court rules He called for greater institutional linkages between the ASEAN Centre for Energy and Indian institutions, including NTPC , Power Grid Corporation , Central Electricity Authority, among others. There are opportunities for cooperation on strategic petroleum reserves, electricity system resilience, LNG and gas supply security, renewable energy forecasting, battery energy storage, green hydrogen and other emerging energy technologies in the region, he said. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
He spoke about the headwinds against the backdrop of slower growth in public debt as compared with other countries and the resulting long term resilience in the fundamentals of the economy View More
India must prepare for a tougher path to developed-economy status by 2047, the chief economic adviser said, citing five forces reshaping its prospects: geopolitics, supply-chain dependencies, China’s industrial scale, climate volatility, and AI alongside demographic change. View More
NTPC Vidyut Vyapar Nigam (NVVN), a wholly-owned subsidiary of NTPC, is planning to begin commercial operations for a 500 MWh battery energy storage capacity soon, a top official said on Thursday.
Speaking to reporters on the sidelines of the 18th India Coal Summit organised by the Indian Chamber of Commerce here, NVVN Chief Executive Officer Somes Bandyopadhyay said, "Very soon we will be able to put 500 MWh BESS in commercial operation and target to commission a further 500 MWh by this financial year."
Battery Energy Storage System (BESS) are systems in which batteries, either individually or more often in groups, are used to store electricity produced by generation plants.
Bandyopadhyay further said, "The government has provided us with a scheme for 3,000 MWh. So in that way, we are into battery energy storage through different modes."
The country is rapidly scaling up its BESS ecosystem with major policy pushes and capacity expansions.
NTPC Vidyut Vyapar Nigam is also engaged i View More
Power Grid, NMDC, IREDA, IRFC, RCF, RVNL, SJVN and Mazagon Dock Shipbuilders hit 52-week lows on the BSE in Thursday's intraday deals. View More
Fuel marketing losses of state-run oil marketing companies (OMCs) narrowed sharply in the September quarter, helped by lower crude oil prices and the full impact of retail fuel price hikes, according to Emkay Research. View More
New Delhi [India]: Fuel marketing losses of state-run oil marketing companies (OMCs) narrowed sharply in the September quarter, helped by lower crude oil prices and the full impact of retail fuel price hikes, according to Emkay Research. However, diesel sales continued to remain loss-making during the quarter, the research firm said in its oil and gas sector preview. Emkay estimated that petrol marketing margins , excluding the impact of the windfall levy, improved to Rs 2.9 per litre in Q2FY27 from a loss of Rs 12 per litre in the previous quarter. Diesel marketing losses also narrowed to Rs 16.7 per litre from Rs 32 per litre in the previous quarter. The improvement comes after OMCs faced significant pressure on their fuel marketing margins in the June quarter due to higher crude oil prices. Live Events "Marketing losses narrowed," Emkay said, attributing the improvement to lower crude prices and the full impact of retail fuel price hikes. Losses on domestic LPG sales also declined during the quarter. Under-recoveries on LPG narrowed to around Rs 290 per cylinder, according to the report. Aviation turbine fuel (ATF) margins also improved after regular price increases were implemented from July, Emkay said. The earnings outlook for refiners is also being supported by inventory gains. Brent crude averaged around USD 97 per barrel during the quarter, down 6 per cent from the previous quarter. However, crude prices ended the quarter at around USD 120 per barrel, sharply higher than about USD 72 per barrel at the end of Q1. Emkay said the sharp rise in crude prices towards the end of the quarter could result in "significant inventory gains" for some refiners. Overall, the improvement in fuel marketing margins, along with lower LPG under-recoveries and better ATF margins, is expected to provide support to OMC earnings in Q2FY27. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Marsons has partnered with Cleanhill Partners to address the transformer supply shortage in North America. The joint venture will combine manufacturing capabilities with capital for enhanced distribution and service operations. View More
New Delhi: Power transformer manufacturer Marsons Limited on Tuesday said it has agreed to form a joint venture with New York-based PE firm Cleanhill Partners to scale transformer distribution , service, and manufacturing operations across the US and Canada. The partnership aims to address a critical transformer supply crunch in North America, where equipment lead times currently exceed 24 months amid rising demand from grid modernisations, renewable energy additions, and data centre power requirements, the company said in a statement. Under the arrangement, the joint venture will combine Marsons' manufacturing capabilities with Cleanhill's capital and project network, with a longer-term plan to establish full-scale transformer manufacturing facilities in North America. Marsons, which operates a 45,000 square-metre plant with an annual capacity of 12,000 mega-volt-amperes (MVA) and expanding to 26,000 MVA, is already executing equipment supply orders up to 200 MVA for utility-scale projects in the US. Cleanhill Partners specialises in energy transition assets, with an investment portfolio spanning energy storage, power conversion systems, and solar tracker infrastructure. PTI .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
This would be the second year when the company has procured from commercial mines. In FY25, it had procured around 4 mt. India's largest power generator is expected a coal requirement of around 300 mt in FY27, up 11% from FY26. Most of the company's supply comes from fuel supply agreements with state-run miners. View More
New Delhi: NTPC Ltd plans to procure around 10 million tonnes from commercial mines in the next six months ending March amid depleting coal stocks at power plants, a person in the know said. This is beyond its plan to raise production from its own blocks to diversify procurement amid high demand, the person said. From the next fiscal, the company plans to buy around 10-15 mt coal annually from commercial mines, while targeting around 50 mt from its own mines. This would be the second year when the company has procured from commercial mines. In FY25, it had procured around 4 mt. India's largest power generator is expected a coal requirement of around 300 mt in FY27, up 11% from FY26. Most of the company's supply comes from fuel supply agreements with state-run miners. Also read | Indian Bureau of Mines invites applications to set up mineral exchange India's power consumption has risen sharply as cooling and irrigation demand remained elevated in the first half of the financial year. The high power demand, especially in the non-solar hours, has led to more generation from thermal power plants. Live Events Overall coal stock at thermal power plants were at 20.6 mt against the opening stock of around 55 mt at the beginning of the fiscal. July started with 44 mt after a sharp summer. The depletion of the stock between July and September was despite higher year-on-year supply of coal. In comparison, power demand was much lower in the corresponding period last year. Also read | Hindalco drops plan to buy US' AluChem over extended delays In September, power consumption rose 11.35% year-on-year to 162 billion units, while peak demand reached over 269 GW, unusually high for the month. Monsoon is seasonally a lower production and dispatch month for coal. According to government officials, coal supplies are likely to increase further in the coming weeks. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;width: 100%;box-sizing: border-box} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
The state-run power generator is tapping commercial miners to meet a projected 300 MT coal requirement in FY27 as rising heat fuels electricity demand. View More