India will have around 60% of its installed electricity generation capacity from clean sources by 2030, Power and New & Renewable Energy Minister R K Singh said. The minister also exuded confidence that the renewable energy capacity would touch 510 GW by 2030, including 60 GW of hydro power.
Western Coalfields Limited (WCL) has increased the production of coal to 57.6 million tonnes in fiscal year 2019-20 and provided it cheaply to government and private thermal power stations in Central, West and South India. The move has helped thermal power producers to reduce the rates of electricity supply to consumers, said WCL.
India’s electricity demand is likely to fall by up to 6% this fiscal due to re-imposition of lockdown restrictions in many parts of the country, ratings agency ICRA said. According to ICRA, all-India power demand in financial year 2019-20 was 1,291 billion units. Earlier in April, the agency had estimated the fall would be a marginal 1%. It said during the first quarter of FY21, all-India electricity demand declined by 16.2% year-on-year.
The supply of coal by Coal India Ltd to the power sector fell 21.7% to 93.5 million tonnes (MT) in the first quarter of the ongoing fiscal. Coal India Ltd (CIL) had supplied 119.5 MT of dry-fuel in the April-June period of the previous fiscal, according to a latest report by the Coal Ministry.
The Tamil Nadu government signed eight new Memoranda of Understanding (MoUs) worth Rs 10,399 crore. The cumulative investment envisaged in the projects will create 13,507 jobs across the state in solar cells, data centres and industrial parks, an official release said.
The Indian Railways is offering concessions on freight movement in a bid to improve industrial activity. The Railways is giving 50% discount on freight for up to 50km, 25% discount for 51-75km and 10% discount for 76-90km.