Topic
grid
Commodities India's power demand hits new peak, evening supply gap widens to 3,045 MW
India's evening power supply gap widened to 3,045 MW in June, significantly higher than the preceding two months, as peak demand rose around 12% year-on-year and hit a record 270.8 GW in May. The northern region accounted for the largest shortfall, with the government citing El Nino and transmission constraints as key drivers.
Commodities India Floats RFP for Rs 37,500 Crore Coal Gasification Incentive Scheme to Cut Import Dependence
India's Ministry of Coal floated a request for proposal (RFP) on Wednesday for its Rs 37,500 crore incentive scheme to support coal and lignite gasification. The scheme aims to gasify 75 million tonnes by 2030, reducing dependence on imported LNG, urea, ammonia and methanol. Officials expect to select projects within four months, with total investments estimated at Rs 2.5-3 lakh crore.
Business RWE Acquires Indirect Majority Stake in German Grid Operator Amprion
German utility RWE has acquired an indirect majority stake in transmission system operator Amprion, increasing its total shareholding to 55%. The transaction supports Amprion's €42 billion investment plan to expand Germany's grid by 2030.
Commodities Siemens Energy and NSORe Consortium Wins Offshore Converter Deal for German Grid Link
German TSO 50Hertz has awarded a consortium of Siemens Energy and Neptun Smulders Offshore Renewables a contract to construct converter systems for the North Sea Connector 2 grid connection project. The turnkey delivery includes onshore and offshore installations, with fabrication in Rostock and Vlissingen, creating over 500 jobs. Commissioning is expected by end 2034. Negotiations for a second identical platform are underway.
Commodities India's Power Generation Capacity Crosses 530 GW, Set to Hit 600 GW Next Year
India's power generation capacity has crossed 530 GW and is expected to reach nearly 600 GW next year, driven by rapid additions in renewable energy, thermal power, and battery storage. A senior Power Ministry official highlighted record peak demand of 270 GW and outlined plans for 97 GW of thermal, 100 GW of nuclear, and over 44 GW of battery storage capacity, along with a Rs 20,000 crore CCUS support package.