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<keyword id="87977" type="General" weightage="20" keywordseo="power-consumption" source="Orion">Power consumption</keyword> in the country witnessed an on-year rise of nearly 8% to 1,221.15 billion units (BU) during the April-December period of this fiscal, indicating a surge in economic activities. Power consumption in the country stood at 1,132.11 BU in April-December 2022-23. Industry experts said that around 8% growth in power consumption in the first nine months of this fiscal year shows a surge in economic activities. Power consumption in the entire fiscal 2022-23 was 1,504.26 BU, higher than the 1,374.02 BU witnessed in the 2021-22 financial year. The <keyword id="20133344" type="General" weightage="20" keywordseo="power-ministry" source="keywords">power ministry</keyword> had estimated the country's <keyword id="44578" type="General" weightage="100" keywordseo="electricity" source="Orion">electricity</keyword> demand to touch 229 GW during summer in 2023. The demand did not reach the projected level in April-July due to unseasonal rain. The peak demand, however, touched a new high of 224.1 GW in June before dropping to 209.03 GW in July 2023. Peak demand touched 238.82 GW in August. In September this fiscal year, it was at a record high of 243.27 GW. The peak demand was 222.16 GW in October, 204.77 GW in November and 213.62GW in December 2023. According to experts, power consumption was affected in March, April, May, and June this year due to widespread rainfall. They said power consumption grew in August, September, and October, mainly due to humid weather conditions and also perk up in industrial activities due to the effect of festive rush. The data shows that the <keyword id="6368114" type="General" weightage="20" keywordseo="power-demand" source="Orion">power demand</keyword> has gone up by 50.8% in energy terms from 2013-14 to 2022-23. The peak power demand has gone up from 136 GW in 2013-14 to 243 GW in September 2023. Speaking about the rising power demand earlier this month in a summit, Union Power Minister R K Singh had informed that "By 2030, the peak electricity demand is likely to cross 400 GW, indicating the fast growth of the economy. "The demand grew at 9% last year, and is growing at 10% this year. On a daily basis, the demand is 8 GW - 10 GW more than the same day of the previous year. There is no other market as big and growing as fast as us." Singh had also said that the nation will add enough capacity to meet this burgeoning demand.

India's power consumption grows nearly 8% in first three quarters of FY24

India's <keyword id="19922493" type="General" weightage="100" keywordseo="coal" source="keywords">coal</keyword>-based power generation increased 7.14% to 872 billion units (BU) in the April-December period of the current fiscal. The rise in domestic coal-based electricity generation reflects an ample supply of coal to meet the growing energy demand in the country, the <keyword id="19922492" type="General" weightage="20" keywordseo="coal-ministry" source="keywords">coal ministry</keyword> said in a statement. Domestic coal-based power generation was 813.9 BU in the year-ago period, it said. In the country, power is generated from conventional sources -- thermal, nuclear and hydro-- and renewable sources -- wind, solar, biomass etc. Thermal power producers use coal as the main fuel to run the units and the dry fuel contributes to more than 70% of the total electricity generation. Coal-based power generation in the country registered a growth of around 10.13% during April-December period of FY'24, as compared to the corresponding period of previous year while overall power generation grew 6.71% during the same period, the ministry statement said. Coal imports for blending dropped by 40.66% to 17.08 MT during April-December period of current fiscal from 28.78 MT in the corresponding period of previous year, despite the rising power demand. "It showcases the nation's commitment to self-reliance in coal production and minimising overall coal imports," it said. Coal-based power generation has played a significant role in meeting India's energy demands. The country is experiencing a substantial increase in power demand, driven by a combination of factors like industrial growth, technological advancements, population growth, and economic development.

India's coal-based power generation rises 7% in April-December

<keyword id="20357709" type="General" weightage="20" keywordseo="Tata-Power-Renewable-Energy" source="keywords">Tata Power Renewable Energy</keyword> Ltd (TPREL) has joined hands with state-owned <keyword id="22457046" type="General" weightage="20" keywordseo="NHPC-Renewable" source="keywords">NHPC Renewable</keyword> Energy Ltd (NHPC-REL) for installation of rooftop <keyword id="20297569" type="General" weightage="20" keywordseo="solar-projects" source="keywords">solar projects</keyword> on government buildings of central ministries, states, and union territories. "This collaboration represents a major step forward in our shared vision of a sustainable and <keyword id="19895435" type="General" weightage="20" keywordseo="green-energy" source="keywords">green energy</keyword> future. By leveraging our combined strengths, we are confident in achieving our goal of 100 per cent solarisation by 2025," Nanda said. A Memorandum of Understanding (MOU) in this regard was signed on July 17, 2024 between Deepesh Nanda, CEO &amp; MD of TPREL, and S P Rathour, CEO of NHPC-REL, TPREL said in a statement. "This initiative will not only help us meet our solarisation targets but also contribute significantly to reducing the carbon footprint of government buildings," NHPC CMD R P Goyal said. An arm of Tata Power, TPREL is a developer of renewable energy projects including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, and storage systems including battery storage. It owns, operates, and maintains these projects. SEE ALSO:<a href="https://www.businessinsider.in/tech/mobile/webstories/samsung-galaxy-m35-5g-with-6000mah-battery-launched-in-india-starting-at-16999/slidelist/111806447.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/samsung-galaxy-m35-5g-with-6000mah-battery-launched-in-india-starting-at-16999/slidelist/111806447.cms" target="_blank">Samsung Galaxy M35 5G with 6,000mAh battery launched in India starting at ₹19,999</a><a href="https://www.businessinsider.in/tech/mobile/webstories/oneplus-nord-4-vs-realme-gt-6t-which-mid-range-phone-should-you-buy-under-35000/slidelist/111803604.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/oneplus-nord-4-vs-realme-gt-6t-which-mid-range-phone-should-you-buy-under-35000/slidelist/111803604.cms" target="_blank">OnePlus Nord 4 vs Realme GT 6T – which mid-range phone should you buy under ₹35,000?</a><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-added-3-45-million-subscribers-in-may-2024-while-vi-lost-nearly-a-million/articleshow/111800758.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-added-3-45-million-subscribers-in-may-2024-while-vi-lost-nearly-a-million/articleshow/111800758.cms" target="_blank">Reliance Jio and Airtel added 3.45 million subscribers in May 2024, while Vi lost nearly a million</a>

Tata Power Renewable Energy, NHPC Renewable join hands for installation of rooftop solar projects

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India's power consumption grows nearly 8% in first three quarters of FY24

PTI

India's coal-based power generation rises 7% in April-December

PTI

Tata Power Renewable Energy, NHPC Renewable join hands for installation of rooftop solar projects

PTI

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