A mail seen by IANS, shows that Omkar Goswami, an independent Director of the company suggested his colleagues to desist from sharing the minutes of meetings from Aprl 1, 2015 at "one go" to ousted Chairman Gautam Thapar. Thapar and other accused have blamed the current management of not providing the required documents sought by them to defend themselves.
The Parliamentary Standing Committee on Energy has also asked the ministry to take up the issue of ambiguity and disputes related to GST on renewable energy devices with the finance ministry at the earliest. This is the panel's first report, which was tabled in Parliament on Friday.
“The proposed acquisition will allow Sembcorp to have the flexibility as sole owner to evaluate and pursue a full range of growth opportunities in the renewables segment, while at the same time seeking the right equity window to list its India business or to pursue other capital recycling options,” the company said.
The power and petroleum ministries are working on the new proposal. The earlier scheme entailing subsidy has been shelved. The proposed new scheme will offer no subsidy and hopes to help operate the power stations at 90% capacity by selling the bundled power. Bundling of solar power with an equal amount of gas-based power is expected to result in lower cost of production.
In an analysis it said this would amount to a reduction of around 300 terawatt hours (TWh), more than the combined total output from coal in Germany, Spain and the UK last year. The analysis is based on monthly electricity sector data from around the world for the first seven to 10 months of the year, depending on data availability in each country.
Renascent Power Ventures Pvt Ltd, the wholly-owned subsidiary of Resurgent Power Ventures Pte, has acquired 75 per cent stake in Prayagraj Power Generation Co Ltd (PPGCL) which owns and operates 1,980 MW coal-based electricity generation unit, Tata Power said in a regulatory filing.
TVEL, fuel division of Russia’s Rosatom State Atomic Energy Corporation, has been supplying uranium fuel pellets for Tarapur on a regular basis in 2019. The total volume of the fuel pellets supplied to India for Tarapur in 2019 exceeded 50 tons. The pellets will be used for fabrication of nuclear fuel assemblies for the Tarapur Nuclear Power Plant.
Union minister for MSME says move will help to reduce cost of power generated to Rs 2.5 per unit. Gadkari said the government is working to bring down the cost of power, logistics and capital which will help reduce cost of production in India.
Power generation during April-October of 2019-20 rose 1.15 per cent to 7,57,946 MU from 7,49,314 MU in 2018-19, Minister of State for Power, New and Renewable Energy R K Singh said in a reply to Rajya Sabha.
The minister also informed that aggregate technical and commercial (AT&C) losses have come down to about 18 per cent from 22 per cent. "As a result of UDAY, some improvement has happened. The losses in AT&C have come down from 22 per cent to about 18 per cent. So there has been some progress, though the progress could have been better," Singh said.
Earlier, the project was won by Sterlite Power. Now the special purpose vehicle incorporated for the execution of the project by PFC Consulting, has been formally acquired by Sterlite Power, a company statement said. Power Finance Corporation arm PFC Consulting is the nodal agency for auctioning power transmission projects in the country.