Discoms’ dues to power producers rise by 45% to Rs 81,000 crore
The dues include those to independent power producers (about 30% of the total) and state-run utilities such as NTPC, DVC and NHPC.
Equipped to grow: Coal India subsidiary is targetting output of 115 MT by FY 24
The company has so far extracted 1.7 BT of coal from Moher, which lies in the Sidhi district of Madhya Pradesh, with a small part falling in the Sonebhadra district of Uttar Pradesh.
Commercial coal mining to usher efficiency: Pralhad Joshi, union coal minister
The first commercial auction is expected in another 4-5 months. I want to have a detailed consultation with stakeholders before bringing out the first such auction. We expect the industry to react positively to this progressi
Private electricity generators object to the latest coal linkage auction
Power producers claim that there are “high risk” factors associated with the two-step auction process as only plants which manage to secure PPAs within two years after the auction will receive coal.
Diversifying source of borrowing, cutting thermal power exposure: Pawan Singh, CEO, PTC India Financial Services
The Andhra issue would soon get resolved. They have started paying back developers. The IREDA has given it some money. PFC-REC is also providing some support. The Andhra case, though a dampener, is also an eye-opener. That is
Few takers for renewal energy! Power transmission capacity addition down 31% in 2019
Decline due to few takers for renewable energy, which is main driver of transmission connectivity
NTPC to buy modules separately for solar projects
Apart from its own green projects, NTPC acts as an aggregator of renewable energy through which is it supplies power to a number of states from solar and wind plants owned by other developers.
Mirroring slowdown: Electricity use down by 20% in Gujarat and Maharashtra
Sharper fall in power demand in industrialised states tallies with IIP, belies govt claim that prolonged monsoon caused it.
Ray of light! Power demand shows signs of revival in economy
The country’s GDP continued to slide further in the July-September quarter to report an overall expansion rate of just 4.5% — the lowest quarterly growth for the country since Q4FY13, or a 26-quarter low.
NTPC to bid for Jhabua power plant facing IBC process
The development comes at a time when major power conglomerates are cash-strapped and power plants are finding it difficult to find new takers.
Green energy: Andhra to clear Rs 1,095 crore dues in a month
Crisil has noted that the state’s move could put additional stress on about 5.2 giga-watt (GW) of wind and solar energy projects with an estimated debt exposure of over Rs 21,000 crore.
Govt cancels auction under Phase 2 of pilot scheme to salvage stressed power units
The pilot scheme is one of the two steps taken by the government to salvage commissioned power plants lying stranded, several due to the lack of PPAs.
Govt to ease approval norms to boost coal mining
To ramp up domestic coal production and cut import bills, the government is planning to fast-track approvals for mining plans prepared by developers.
Emission control: Power plants set to miss deadline, again
Among the power plants given the deadline to cut emission levels, 11 with total capacity of 12,800 MW are located in Haryana, Punjab and Uttar Pradesh.
NCL open to upgrade FSAs with power plants
NCL’s claim of raising FSA coal quantities is significant at a time when a number of power projects across the country are suffering from the shortage of the fuel and most of the Coal India subsidiaries are recording muted
Coal bids: Investors return, 5 mines allocated
Access to open market revives interest in captive blocks
Solar tenders remain hugely undersubscribed — Here’s what caused tepid response
A senior official of a major renewable company said on the condition of anonymity that uncertainties stemming from Andhra Pradesh's decision have led to a situation where projects, despite being completely constructed, are no
Power exchanges expect push from real-time market mechanism
The mechanism would give more operational flexibility to thermal generators, which can sell additional power in the spot market when discoms procure lower volumes of electricity than what was scheduled by them earlier
AGR dues: GAIL, PowerGrid say they owe nothing
If govt accepts their explanation, the same would apply to even telcos
Stressed power assets back on stream
Stressed power assets got partial relief when the Supreme court, on April 2, declared the Reserve Bank of India’s February 12, 2018 fiat on mandatory insolvency and bankruptcy code (IBC) timelines as ‘ultra vires’.
Global Infrastructure Partners’ India arm close to buying Rattan India Solar
Both the companies did not respond to FE’s queries over the deal till press time. Though the financial details of the deal were not revealed, industry experts have pegged the valuation of RattanIndia solar assets between Rs
Andhra Pradesh tightens renewable energy norms
In its latest order, AP energy department also states that tariff from renewable energy based electricity will not be more than the “difference between pooled variable cost and balancing cost”.
IOC prepares action plan to battle retail competition
The Cabinet Committee on Economic Affairs in October relaxed the norms for firms to open fuel retail outlets, effectively paving the way for more private companies, both foreign and domestic, to enter this business domain.
IOC weighs risks from BPCL sale, open to buying it
The government’s stake in BPCL is worth about Rs 60,000 crore at current market prices.
Solar auctions: Govt relaxes norms to attract bidders
Major solar tenders have remained under-subscribed recently with issues such as irregular payments, land acquisition and abrupt power curtailment from the state-owned power distribution companies (discoms) making the industry
40-GW hybrid capacity: Promise of power
Sources told FE the plan was set into motion after Prime Minister Narendra Modi highlighted the RE potential of the border areas, stressing that such projects could also help generate drinking water for people living in the a
NTPC solar tender gets weak response
Another senior official from a different solar company said since the ceiling tariff for similar tenders has been kept at Rs 2.78/unit, it did not make much sense to participate this particular tranche.
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