Renewables accounted for 64% of generation capacity addition in FY21: CEEW-CEF
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Last Updated: May 12, 2021, 04:17 PM IST
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Synopsis
Coal capacity addition fell by a marginal 6% compared to the previous fiscal year. Rooftop solar contributed an impressive 1.8 GW of added capacity (till February 2021), powered by favourable policies in states like Gujarat. The total solar capacity added in FY21, including grid-scale projects, was 5.5 GW, an official statement said.
Reuters
The announcement of basic customs duties on solar cells and modules drove up auction tariffs by 11% in Q4 of FY21.
Renewable energy (RE) dominated power generation capacity addition in FY21, accounting for 7.7 GW (64%) of the 12.1 GW added, according to the latest edition of the
Key benchmark indices are trading lower in early trade on selling pressure in index pivotals as trading resumed after long weekend. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 390.27 points or 0.78% at 49,639.56. The Nifty 50 index was down 99.40 points or 0.67% at 14,767.95.
The S&P BSE Mid-Cap index was down 0.47%. The S&P BSE Small-Cap index was down 0.53%.
The market breadth, indicating the overall health of the market, is negative. On the BSE, 882 shares rose and 1158 shares fell. A total of 142 shares were unchanged.
Meanwhile, in the wake of rising COVID-19 cases in Maharashtra, Uddhav Thackeray-led state government on April 4 imposed new curbs to control the transmission rate of the contagion. Maharashtra will be put under night curfew from 8 pm to 7 am from April 5.
NTPC announced that Unit-2 of 660 MW capacity of Tanda Super Thermal Power Station, Stage-II (2 x 660 MW) has successfully completed trial operation and consequently included in the installed capacity of NTPC Group w.e.f. 31 March 2021.
With this, the total installed capacity of NTPC and NTPC group has become 52385 MW and 65810 MW respectively.
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Power stocks were trading in green, with the S&P BSE Power index increasing 17.45 points or 0.69% at 2561.15 at 09:49 IST. Among the components of the S&P BSE Power index, Adani Transmission Ltd (up 5.52%), Adani Power Ltd (up 4.98%), Adani Green Energy Ltd (up 2.98%), and Thermax Ltd (up 0.14%), were the top gainers. On the other hand, Bharat Heavy Electricals Ltd (down 1.57%), NTPC Ltd (down 0.97%), and Torrent Power Ltd (down 0.97%) turned lower.
At 09:49 IST, the S&P BSE Sensex was down 401.76 or 0.8% at 49628.07.
The Nifty 50 index was down 105.1 points or 0.71% at 14762.25.
The S&P BSE Small-Cap index was down 37.34 points or 0.18% at 21034.35.
The S&P BSE 150 Midcap Index index was down 31.89 points or 0.46% at 6954.22.
Power stocks were trading with gains, with the S&P BSE Power index rising 29.12 points or 1.18% at 2504.25 at 09:48 IST. Among the components of the S&P BSE Power index, Adani Green Energy Ltd (up 4.05%), Adani Transmission Ltd (up 2.44%),NTPC Ltd (up 1.74%),CESC Ltd (up 1.42%),Thermax Ltd (up 1.3%), were the top gainers. Among the other gainers were K E C International Ltd (up 1.26%), Bharat Heavy Electricals Ltd (up 0.82%), NHPC Ltd (up 0.61%), Tata Power Company Ltd (up 0.48%), and Siemens Ltd (up 0.34%). On the other hand, Adani Power Ltd (down 2.94%), ABB India Ltd (down 0.24%), and Power Grid Corporation of India Ltd (down 0.23%) moved lower.