Energy

Power consumption rises 1.3% to 34.23 billion units in 1st ten days of December

India's power consumption grew by 1.3 per cent in the first ten days of this month from December 1 to 10 to 34.23 billion units (BU) over the same period a year ago, according to power ministry data. In 2020, power consumption was 33.78 BU during December 1 to 10. In the entire month of December 2020, consumption was 105.62 BU, up from 101.08 BU in December 2019.

Experts are of the view that power consumption as well as demand would grow at a steady pace in December with improvement in economic activities across the country.

During the first 10 days of December this year, the peak power demand met or the highest supply in a day, touched 169.12 Gigawatt (GW) compared to 165.42 GW in the same period in 2020. The peak power demand met in December 2020 was 182.78 GW up from 170.49 GW in December 2019.

In November this year, the power consumption grew by 2.6 per cent to 99.37 BU. Last year in November, power consumption stood at 96.88 BU and in the same month in 2019, it was at 93.94 BU.

The country's power consumption had grown by 3.3 per cent in October this year to 112.79 BU compared to 109.17 BU in the same month last year.

Many states had imposed lockdown restrictions after the second wave of the pandemic hit the nation in April this year and affected the recovery in commercial and industrial power demand as states started imposing restrictions in the latter part of the month. Curbs were gradually lifted as the number of COVID cases fell

China releases five-year green development plan for industrial sectors

China's industry ministry on Friday unveiled a five-year plan aimed at the green development of its industrial sectors, vowing to lower carbon emissions and pollutants and to promote emerging industries so as to meet a carbon peak commitment by 2030.

The world's top greenhouse gas emitter is aiming to bring its carbon emissions to a peak by 2030 and become "carbon-neutral" by 2060.

The Ministry of Industry and Information Technology (MIIT) reiterated the targets of cutting carbon dioxide emissions by 18%, and energy intensity by 13.5%, by 2025, according to the plan which covers the period between 2021 and 2025.

It also said it will strictly control capacities in steel, cement, aluminium and other sectors.

The MIIT said it will increase clean energy consumption and encourage the use of hydrogen energy, biofuels and refuse-derived fuels in steel, cement, chemical and other industries.

The plan also looks to promote the "rational" exploitation of mineral resources such as iron ore and nonferrous, and to develop the use of recycled sources, said the ministry

Power ministry asks all ministries, states to join Centre's e-mobility drive

The union power ministry has advised all ministries and state governments to join the Centre’s initiative on transformative electric mobility, union power and new and renewable energy minister Raj Kumar Singh said on Thursday.

In response to a query in the Lok Sabha about whether the government proposes to use electric vehicles instead of gas-,diesel-powered vehicles, Singh said, “Ministry of Power, Government of India has already advised all the Ministries and the State Governments to join the Government of India’s initiative on transformative electric mobility and advise their respective Departments to shift their fleet of official vehicles from present Internal Combustion Engine (ICE) based Vehicles to Electric Vehicles." Implementation of the plan will burnish the government’s green credentials after India agreed to achieve net-zero emission by 2070. The government is planning to leverage the ₹10,000 crore Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (Fame) scheme, which is designed to support the electrification of public and shared transport and help build charging infrastructure for this transition. 

The scheme is an important part of the government’s strategy to reduce vehicular emissions and dependence on fossil fuels. Money allocated under Fame-2 is to be spent to subsidize 500,000 electric three-wheelers, 1 million electric two-wheelers, 55,000 electric passenger vehicles and 7,090 electric buses

Indian states suffer power cuts as coal-fired plants shut to lower pollution in Delhi

India's northern Haryana and Punjab states have suffered electricity cuts after a directive to stop operating six of the 11 coal-fired power plants around national capital New Delhi in a bid to reduce pollution, government officials told Reuters.

New Delhi was the world's most polluted capital for the third straight year in 2020, with air quality in the region hitting hazardous levels in November, putting many people including children at risk https://www.reuters.com/world/india/india-temporarily-shuts-five-coal-fired-power-plants-around-new-delhi-2021-11-17.

The federal government-appointed Commission for Air Quality Management (CAQM) issued a directive on Nov. 16, asking six power plants to "remain inoperative at least till 30th November" to improve air quality.

POSOCO, the federal power grid regulator, in a letter dated Nov. 28 to state government-run utilities in Punjab And Haryana, said the companies were reporting power supply shortages when electricity demand peaked during the evening.

Two senior officials at the Punjab utility and one senior official at the Haryana utility acknowledged the power outages, saying the unscheduled power cuts were largely due to an inability to operate coal-fired power plants in the state.The officials declined to be named because they were not authorised to speak to the media

India September crude imports touch 5-month high as business activity picks up

India's crude oil imports in September hit a five-month high, government data showed on Wednesday, as a pickup in economic activity and mobility led to higher fuel demand.

Crude oil imports in the world's third largest oil consumer and importer rose 16% to 17.61 million tonnes from a year earlier, according to data on the website of the Petroleum Planning and Analysis Cell."India's September crude oil imports climbed to highest levels since April, a sign that the reopening of the economy continues," said Edward Moya, senior market analyst at brokerage OANDA.

"Indian refiners see crude demand roaring back as driving picks up and on expectations for a strong return of international travel in November."Reliance Industries Ltd, the operator of the world's biggest refining complex, imported nearly 12% more oil in September than in August.

Factory activity in Asia's third-biggest economy improved last month, with recovery expected to continue for at least a few more months supported by ultra-easy monetary policy.

On a monthly basis, crude oil imports increased 1.3% versus August.Earlier this month, data showed fuel consumption and refiners' crude oil throughput ticked higher in September from the preceding month

Coal shortage easing at plants, power price falls on exchange

The average market price of power traded on the India Energy Exchange Day Ahead Market (IEX DAM) fell to Rs 2.4 per unit (kilowatt hour) on Friday from a peak of Rs 16.4 per unit on October 11, with states rushing to the exchange to buy power as thermal power plants struggled to meet demand due to low coal stocks.

The average coal inventory across the nation’s thermal power plants has improved to seven days worth of stock from an average of four days in the first half of October, when a number of states including Punjab, Uttar Pradesh and Rajasthan imposed load shedding as thermal plants ran out of the dry fuel.

Thermal power plants are required to maintain minimum reserves of 15-30 days of coal stock based on the distance of the plant from the source of coal. The total volume of power sold on the IEX DAM has also fallen to 1,47,308 MWh (megawatt hour), from a peak of 2,81,823 MWh on October 12.

A number of states were forced to buy power from the exchange at prices of Rs 20 per unit during the coal shortage.A sharp uptick in power demand with the economy recovering from the Covid-19 pandemic, coupled with above average rainfall in September impacting coal production and supply, had contributed to a drawdown in coal stocks

IMF welcomes India’s announcement at COP26 on renewables, net zero target by 2070

India's significant investment in renewables and climate change adaptation policies suggest it is well positioned to take further steps to reach this new target," IMF Director Rice said .The International Monetary Fund (IMF) on Thursday welcomed India’s announcement with regard to addressing the climate change challenges at the recently concluded COP26 summit in Glasgow.

“We welcome India’s announcement at the COP26 of new targets to increase reliance on renewables and reduce the carbon intensity of its economy, including to adopt net zero target by 2070,” Gerry Rice, Director, Communication Department, IMF, told reporters at a news conference.

“As you know, India is currently one of the world’s largest emitters, still heavily reliant on coal for electricity generation. And so, its actions may help catalyse action in other emerging market economies as well,” he said. “India’s significant investment in renewables and climate change adaptation policies suggest it is well positioned to take further steps to reach this new target,” Rice said responding to a question.

“We are heartened by India’s focus on achieving progress in the current decade given the urgent need for global mitigation action. And as with other countries, it will be important to follow through with specific actions to contain emissions over the current decade,” he added

Adani Group Commits 70% Capex Until 2030 To Energy Transition

Port-to-energy conglomerate Adani Group will invest over USD 50-70 billion in renewable energy value chain over the next decade and the group firms have committed 70 per cent of planned capex until 2030 to the energy transition, its billionaire chairman Gautam Adani said on Tuesday.Speaking to business leaders on the sidelines of the UK's Global Investment Summit at the London Science Museum, he made a plea for equitable and pragmatic policies in the battle against climate change and recommended setting practical goals and agendas.

Hydrogen, he said, is a game-changer and the group's green energy portfolio will expand to become one of the world's largest green hydrogen producers."Green policies and climate action not based on equitable growth will struggle in the long run," he was quoted as saying in a statement issued by Adani Group.

Decision-makers, he said, must consider the voices of the vulnerable when developing climate strategies and mitigation measures.

He also suggested that a collaborative approach was needed wherein developed nations, which have emitted more greenhouse gases over time, shoulder greater responsibility and propose policies and targets that fairly address the needs of the developing world.

"We are putting money where our mouth is," said Adani, "And the portfolio companies of Adani are leading the way with investment plans."

SABIC, ExxonMobil JV in U.S. preparing for initial startup

Saudi Basic Industries, the world's fourth-biggest petrochemicals firm, said on Sunday its joint venture project with ExxonMobil in the U.S. Gulf Coast has started commissioning activities and preparing for an initial startup.

The project includes the establishment of an ethylene production unit with annual capacity of about 1.8 million tonnes, which will feed two polyethylene units and a monoethylene glycol unit, it said in a statement.

SABIC expects that this project will have a positive impact on its consolidated financial statements after the commercial operation begins.

It supports SABIC's strategy to diversify its feedstock sources and strength its petrochemical manufacturing presence in North America for a wide range of products, it said

Bids for 4,000 MWhr battery storage projects to be invited soon: Power Minister R K Singh

India will soon invite global bids for battery storage projects totalling 4,000 MWhr (megawatt hours), Union Power Minister R K Singh said on Thursday. He made the announcement while addressing the US India Strategic Partnership Forum and industry leaders in a Virtual Energy Industry Roundtable, the Ministry of Power said in a statement.

Singh added that a battery project of 12 gigawatt hours (GWhr) will be set up in Ladakh.

"In the near future, India will have bids to invite global and domestic manufacturers for developing battery storage...India will soon have bids for 4,000 MWhr Battery Energy Storage Systems (BESS)...and later will take up 12 GWhr project in Ladakh," the statement quoted Singh as saying.

India has set an ambitious target of having 175 GW renewable energy (RE) capacity by 2022 and 450 GW by 2030.

At present, India has 100 GW installed solar and wind capacity and after adding hydro, the total installed renewable capacity is 146 MW, he said

Another 63 GW of renewable capacity is under construction, Singh said. The minister also informed the conference that India would be inviting bids for green hydrogen in the next 3-4 months to pave the way for viable usage of hydrogen as fuel