IEX Sees Significant Surge in Electricity Volumes in June 2024

03 Jul 2024 CW Team

The Indian Energy Exchange (IEX) reported a substantial 24.7 percent increase in electricity volumes for June 2024, with total volumes reaching 10,185 million units (MU). Including certificates, the monthly volume rose to 10,677 MU, marking a 19.4 percent year-on-year growth.

In the first quarter of fiscal year 2025, IEX achieved a total electricity volume of 28,178 MU, reflecting a 19 percent increase from the previous year. When including certificates, the overall volume for the quarter reached 30,354 MU, showcasing a 20.8 percent growth compared to the first quarter of FY2024.

Amidst hot weather conditions driving up electricity demand, India?s energy consumption for the quarter stood at 452 billion units (BUs), up by 11.2 percent from the same period last year. The country's peak demand during the quarter reached a record high of 250 gigawatts (GW), surpassing the previous high of 243 GW set in September of last year.

The Day Ahead Market (DAM) recorded a volume of 4,849 MU in June 2024, an 18.2 percent increase from June 2023. The Real-Time Electricity Market (RTM) saw a volume of 3,213 MU, up 20.1 percent year-on-year. The Green Day-Ahead Market (G-DAM) reported a significant volume of 680 MU at a weighted average price of Rs 4.14 per unit, a staggering 309.5 percent increase compared to June 2023. Additionally, the Green Term-Ahead Market (G-TAM) traded 64 MU at an average monthly price of Rs. 8.88 per unit for non-solar energy.

Renewable Energy Certificates (RECs) trading also saw notable activity, with a total of 4.39 lakh RECs traded in June at prices of Rs 150 and Rs 140 per REC, marking the lowest prices discovered since the inception of REC trading.

Infrastructure Urban

07 Jul 2026

IHC and Adani to Invest US$11.5 bn in Odisha Aluminium Project

Abu Dhabi's International Holding Company (IHC) will invest US$11.5 bn in an integrated aluminium project in the eastern Indian state of Odisha in a joint venture with the Adani Group, a state official said. The official said the announcement represented the country's largest foreign investment in mining and metallurgy. Officials said the venture would span both mining and metallurgical activities across several facilities in the state. The project has been described as integrated, encompassing upstream bauxite extraction and downstream smelting and metallurgy, and is intended to develop a com..

Air India and SIAEC to Explore MRO Joint Venture in India

Air India and SIA Engineering Company (SIAEC) have signed a memorandum of understanding (MoU) to explore the formation of a maintenance, repair and overhaul joint venture in India. The MoU, signed on Friday, will examine collaboration to develop India as a global aviation MRO hub and to serve growing needs across the Indian and regional markets. SIA Engineering Company, part of the Singapore Airlines Group which holds a 25.1 per cent stake in Air India, will bring technical expertise alongside Air India's established airline operations network. The partnership builds on existing cooperation be..

Assam and Centre Review Aviation Projects Push Silchar Airport Approval

Assam and the Centre on Thursday, July two reviewed a series of aviation infrastructure projects aimed at strengthening air connectivity across the state, with the proposed greenfield airport at Silchar emerging as a key priority. The review formed part of broader efforts to position Assam as a major aviation and logistics hub for the north east. Officials outlined timelines and preparatory work that they said would guide the next stages of project approvals. The Chief Minister met the Union Civil Aviation Minister at Rajiv Gandhi Bhavan in New Delhi and described the meeting as very productiv..