Latest news with #PankajAgarwal
Mint
23-05-2025
- Business
- Mint
Centre asks states to tie up for power procurement, develop transmission infra to meet rising demand
New Delhi: Union minister for power Manohar Lal on Friday stressed the need for resource adequacy and tie-ups for power procurement to meet increasing demand. Addressing the regional conference for the South, he said that states, while meeting their resource adequacy plan should also work on having an adequate power generation mix including addition of nuclear generation capacity, said the ministry. The statement gains significance as power purchase agreements for over 40GW of renewable power projects are unsigned. He also asked urged to accelerate the development of inter-state transmission networks, including Right of Way (RoW) issues. Right of way refers to the legal right for passage over of use of the land owned by some other individual or entity. He asked states for adoption of guidelines issued by the Union government in this regard. The minister noted that that states should promote renewable energy coupled with storage solutions so as to have energy reliability and to collectively meet India's international climate commitments under the United Nations Framework Convention on Climate Change (UNFCCC). Addressing the conference, Pankaj Agarwal, secretary, Union ministry of power, reiterated the need to meet future power demand by ensuring necessary power generation capacity tie-ups as per the resource adequacy plan for up to FY2035. He said that it is also imperative to make necessary arrangements for development of inter-state and intra-state transmission capacities through various financing models available including Tariff Based Competitive Bidding (TBCB), Regulated Tariff Mechanism (RTM), budgetary support or monetization of existing assets. The secretary also said that states should make all efforts for securing the power sector infrastructure, including the transmission grid and distribution systems, against cyber security concerns and should implement necessary cyber security protocols for the same, he added. Growth in the transmission network is also important to integrate the growing renewable energy capacity in the country, more so when the government aims to achieve 500GW of non-fossil capacity in the country by 2030. An investment of ₹ 10 trillion would be required in the power transmission space by 2030 as the government aims to add battery storage capacity along with expanding transmission network. According to the National Electricity Plan for transmission released by the CEA in October last year, a cumulative investment of ₹ 9.15 trillion would be required in the transmission sector to achieve 500GW clean energy capacity and add the required storage capacity to ensure steady power supply. Data from CEA, showed that about 8,830 circuit kilometres (ckm) of transmission lines were added in FY25 across the country, 37.8% lower than 14,203 ckm in the previous fiscal.
Time of India
03-05-2025
- Business
- Time of India
India, Denmark renew pact to support net-zero emissions target
India and Denmark have renewed their Memorandum of Understanding (MoU) on Friday, aiming to support India's goal of achieving net-zero emissions by 2070 through knowledge exchange and technological collaboration in clean energy solutions. The agreement broadens the scope of the partnership and it now encompasses advanced areas such as power system modeling. The agreement was signed by Pankaj Agarwal , Secretary, Ministry of Power, Government of India , and H.E. Mr. Rasmus Abildgaard Kristensen, Ambassador of Denmark to India, in the presence of Manohar Lal , Minister of Power and Housing & Urban 1 Affairs. Integration of variable renewable energy is also a key focus and cross-border electricity trading is included, as well as the development of EV charging infrastructure. This agreement follows five years of collaboration; the original MoU was signed on June 5, 2020, and was set to expire on June 5, 2025. The proactive renewal ensures continuity and it allows for a seamless extension of joint efforts in energy sector development.
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Business Standard
02-05-2025
- Business
- Business Standard
India-Denmark renew energy cooperation pact to boost net-zero emission
The agreement follows five years of successful collaboration under the original MoU, signed on June 5, 2020, and initially set to expire on June 5, 2025, a power ministry statement said Press Trust of India New Delhi India and Denmark inked an initial pact on Friday to strengthen energy sector cooperation through renewed partnership, which supports the nation's target of achieving net-zero emissions by 2070. The agreement follows five years of successful collaboration under the original MoU, signed on June 5, 2020, and initially set to expire on June 5, 2025, a power ministry statement said. A proactive renewal ensures continuity in dialogue and cooperation, allowing a seamless extension of joint efforts in energy sector development, the ministry said. According to the statement, India and Denmark have reinforced their long-standing energy cooperation by signing a renewed Memorandum of Understanding (MoU) on Friday. The MoU was signed by Power Secretary Pankaj Agarwal and Ambassador of Denmark to India Rasmus Abildgaard Kristensen. The agreement reflects both countries' continued commitment to accelerate clean energy transitions. The renewed MoU supports India's ambitious target of achieving net-zero emissions by 2070, it said. The pact also emphasises increased knowledge exchange through expert interactions, joint training sessions, and study tours, the statement added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
02-05-2025
- Business
- Time of India
India, Denmark ink pact to strengthen energy sector cooperation
India and Denmark inked an initial pact on Friday to strengthen energy sector cooperation through renewed partnership, which supports the nation's target of achieving net-zero emissions by 2070. The agreement follows five years of successful collaboration under the original MoU, signed on June 5, 2020, and initially set to expire on June 5, 2025, a power ministry statement said. #Pahalgam Terrorist Attack Pakistan reopens Attari-Wagah border to allow stranded citizens in India to return Key Jammu & Kashmir reservoirs' flushing to begin soon Air India sees Pakistan airspace ban costing it $600 mn over 12 months A proactive renewal ensures continuity in dialogue and cooperation, allowing a seamless extension of joint efforts in energy sector development, the ministry said. According to the statement, India and Denmark have reinforced their long-standing energy cooperation by signing a renewed Memorandum of Understanding (MoU) on Friday. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like People thought hearing aids were expensive till they saw this. Read more Learn More Undo The MoU was signed by Power Secretary Pankaj Agarwal and Ambassador of Denmark to India Rasmus Abildgaard Kristensen. The agreement reflects both countries' continued commitment to accelerate clean energy transitions. The renewed MoU supports India's ambitious target of achieving net-zero emissions by 2070, it said. Live Events The pact also emphasises increased knowledge exchange through expert interactions, joint training sessions, and study tours, the statement added.
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Business Standard
01-05-2025
- Business
- Business Standard
Policy dialogue crucial to boost pumped storage projects: Power secy
In his address, Agarwal emphasised ensuring grid stability is a matter of urgent national priority and every state must actively contribute to this effort Press Trust of India New Delhi There is a need for policy dialogues to fast-track development of pumped storage hydroelectricity projects in the country with a focus on reviewing procedural delays in such projects, Power secretary Pankaj Agarwal said on Thursday. The senior ministry official was addressing a 'Brainstorming Session on Pumped Storage Projects: Powering India's Renewable Future' organised by THDC India and Central Electricity Authority in association with NTPC in the national capital. In his address, Agarwal emphasised ensuring grid stability is a matter of urgent national priority and every state must actively contribute to this effort. "The secretary also said that there is a need of brainstorming and policy dialogue to fast-track PSP development, with a focus on reviewing procedural delays and streamlining processes and platforms like these are vital for building consensus and enabling coordinated sectoral action," THDC India said in a statement. He also emphasised that ensuring grid stability is a matter of urgent national priority and every state must actively contribute to this effort. According to the Ministry of Power, the Central Electricity Authority (CEA) has made ambitious plan to concur minimum 13 PSPs of about 22 GW during 2025-26. Most of these PSPs are targeted to be commissioned in four years and latest by 2030. Gurdeep Singh, CMD, NTPC, stressed on the urgent need for large-scale deployment of Pumped Storage Projects (PSPs), stating that the energy transition cannot succeed without robust storage solutions. Given the intermittent nature of renewables, he emphasised the need of storage capabilities for a stable shift to renewable energy and reliable grid management. R K Vishnoi, CMD, THDCIL, said that the focus will be on identifying roadblocks and exploring ways to ensure faster and more efficient execution of projects on the ground. Vishnoi also addressed the scope of automation in various aspects of operations and how it can ensure seamless operations, and enhance efficiency. THDC, a subsidiary of NTPC, is in the final stages of commissioning Pumped Storage Plant of 1,000 MW capacity at Tehri, Uttarakhand. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
