Renew Power, Mytrah Energy, Torrent Power seek termination of wind power PPAs
The companies went to the Central Electricity Regulatory Commission to ensure that SECI does not invoke the bank guarantees they had issued to the renewable energy ministry’s nodal agency for conducting wind and solar auctions, the sources said.
Power consumption up 0.9 per cent in first fortnight of September: Power Minister
The government had imposed the lockdown on March 25, 2020 to contain the spread of coronavirus infections. Power Minister R K Singh, in a written reply in the Lok Sabha, said power consumption has increased by 0.9 per cent at 53.17 billion units (BU) during September 1 to September 14, compared to 52.68 BU in same period last year.
Government begins deliberations on bringing power sector under GST: Report
The report suggests that the cumulative per unit input costs will be reduced by 17 paise per unit for generation, transmission and distribution companies, as input tax credit will be available to them. "The per unit tariff to consumers would come down and benefit the power sector as a whole,” an official said.
Power consumption shows manufacturing and commercial activities picking up in South India
There is a strong correlation between economic activity and electricity consumption. A healthy uptick in power consumption in a non-drought year points to robust manufacturing and business activities.
India Power Corporation Ltd plans to expand operations
The company currently holds a distribution license for supplying power over 618 square kilometers in West Bengal's Asansol-Ranigunj region. It is one of the few Indian utilities that operate in a competitive environment with two other suppliers vying for the same set of customers.
NTPC to set up manufacturing industrial parks in its power plants
NTPC Ltd on Tuesday said it seeks to set up manufacturing industrial parks within its power plants at Solapur in Maharashtra, Kudi in Karnataka and Gadwara in Madhya Pradesh.
CAG raps PGCIL for shoddy infra planning; non-collection of Rs 6853 cr charges
In its audit findings CAG said that no network plan was found available in the records or on the website of the central transmission utlitiy, Power Grid Corp.
Tata Power Solar expanding current manufacturing, looking forward to more encouraging steps by govt
Although the company will double its manufacturing capacity by the end of the year, domestic manufacturing of solar equipment will not be able to compete with Chinese imports unless these incentives are provided to help manufacturers establish plants, Tata Power Renewable Energy's President Ashish Khanna told ET.
NTPC synchronises one more unit of 3,300 megawatt power plant in Bihar with grid
The construction work of three units of stage-I of the project was delayed due to "contractual, execution and timeline issues" with Russian firm Technoprom Export which was supposed to develop them, while two units of stage-II (2x660 MW) of Barh STPP have already been commissioned and are presently under operation, an official said.
Power plants, non-regulated sector consumers agree to substitute imported coal with CIL supply
Southern India power plants and NRS consumers, who are importing coal at present, have been approached based on the logic that MCL's coal is quite comparable with imported coal as per Gross Calorific Value land cost analysis, the Coal India (CIL) arm said in a report.
NITI working on index to foster competition in power distribution: Vice-Chairman Rajiv Kumar
"Niti Aayog has been working on a #StateEnergyIndex that is set to foster healthy competition in the states' energy #DISCOM space. The index would not only allow for better formulation & implementation of strategies for continuous improvement & management of resources,"Niti Aayog Vice-Chairman Rajiv Kumar said in a tweet.
West Bengal to invest Rs 20,000 cr in power sector in five years: Minister
The state has been upgrading its power infrastructure, especially in the aftermath of cyclone Amphan, and adopting renewable energy, he said.
US-based industrial conglomerate GE to pursue exit from new build coal power market
GE Power India in a regulatory filing to BSE said that it is examining the implications of its parent General Electric Company's decision. "The company will continue to focus its efforts on maintaining its business in India aligned with local market dynamics," the filing said.
Discoms' outstanding dues to power gencos rise 36% to Rs 1.29 lakh cr in July
According to the latest data on the portal, total outstanding dues in July has decreased over the previous month. In June 2020, total outstanding dues of discoms stood at Rs 1,30,118 crore. However, the overdue amount in July 2020 has increased from Rs 1,15,623 crore in June 2020.
Kalpataru Power aims to be net debt-free by March 2021, acquire companies abroad
The company aims to focus on engineering and construction jobs, and project management assignments in India. Simultaneously, it is looking to expand its presence in Latin America, the Nordic region, the United States and Africa.