In December, Parliament approved the Energy Conservation (Amendment) Bill, 2022, which promotes carbon trading, green hydrogen use, and renewable energy. India's electricity secretary, Alok Kumar stated, "We have set a very high bar for ourselves in the carbon credit market. It takes a lot of preparation. "
According to ET's interview with Alok Kumar, the country may consider its first carbon credit exchange between July and September, with the completion of the registration for credits following three to four months later.
The electricity ministry has made measures to secure sufficient supply in order to prevent a fuel crisis at power plants during peak season, which typically begins in mid-April and lasts until the end of May. Since hydroelectricity production is low until mid-April, it is mostly up to coal and gas-based power facilities to supply demand during the peak season.
Government Coordinating With GAIL
The electricity ministry has requested that NTPC and GAIL (India) develop plans to alter the "pattern" of gas supply agreements to power plants by raising the amount during the busiest months. The ministry is also coordinating with Gail to determine which of its clients could be willing to trade some of their gas supplies with the power industry.
He confirmed, saying, "we are in talks with Gail about that, and we will be able to finalize the gas supply by the end of this month so that we have enough lead time. In order to secure adequate domestic supply during the time of higher demand, a blending of imported coal will be permitted in a controlled manner to keep sufficient coal at power plants.
Kumar declared, "We have every confidence that we can meet the upcoming demand for power."
Logistics is one of the main issues with power unit fuel supply. The power, coal, and railway ministries have developed a rail-ship-rail mode to carry coal during the period of greatest demand. This was done in consideration of the limits of the current infrastructure.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
