It wants to ensure that renewable energy tariffs are not changed after execution of contracts, and electricity regulatory commissions have more teeth to enforce power purchase agreements between projects and distribution companies (discom)
Legal experts said though none of the PSUs were party to the case, which was fought between the Department of Telecommunications (DoT) and telecom companies, they could file review petitions since they were affected by a wider interpretation of the ruling.
As part of this role he will be responsible for managing GE’s Grid Solutions markets for India, Bangladesh, Sri Lanka, Nepal, Bhutan and Myanmar from this region. Shivnani has an experience of over 30 years in the transmission and distribution sector in India. He joins GE T&D India from ABB where he was President of Power Grid Division.
Coal India will continue to be India's biggest coal supplier even after the government’s decision to throw open the sector to private players through an ordinance, Union Coal and Mines Minister Pralhad Joshi said.
The ABB technology called TOSA avoids the need to take the vehicle out of service for recharging every few hours or having a replacement bus ready, thus minimizing the size of the fleet while increasing passenger carrying capacity, an official statement said.
The government proposes to kick-start commercial coal mining auction process this month.
Currently, companies other than steel and power, and coal washing services firms are barred from bidding for coal blocks. Through the amendment, the Centre proposes to open up coal mining to all firms with offices registered in India. The clause in present form can impede the government’s endeavour to open up the coal sector through commercial mining, the official said.
NTPC’s offer is the highest on a per-megawatt basis so far to buy out a stressed asset in the power sector.
Pressure from lenders and desperation for coal may force stressed projects to make aggressive bids at the coal auctions. Also, there are high chances of these projects losing bank guarantees if there is no demand from discoms in two years, power producers said.
The increase in volume terms has been 3.89 million tonnes, an official statement said. December’s production witnessed 16% month-on-month growth compared to November 2019. It said two of the company's best producing companies South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields turned around in December 2019 with production growths of 11.3% and 10.1% respectively.
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