Anupam Chatterjee

Air Conditioners to burn up your electricity bill by 2030

Electricity consumption forecasts reveal air conditioning to have larger share; new loads as EVs, cooking appliances to rise.

power sector, power industry, air conditioners, acs, power consumption News

With rise in demand, discoms have realised benefits of power trading: Satyanarayan Goel, CEO, IEX

Satyanarayan Goel, CEO, IEX, speaks to FE's Anupam Chatterjee about the changing dynamics of electricity trade in spot power markets with the advent of renewable energy and other disruptions.

Economy News

Discoms’ dues to IPPs cross Rs 36,260 crore, delayed payments for power sold are adding to the woes of stressed projects

Delayed payments for power sold are adding to the woes of stressed projects, most on the verge of insolvency

Markets News

Coal stocks in a third of NTPC plants close to nil

As on November 12, six major NTPC power plants, with a combined capacity of 12,480 MW, have fuel stock of ‘zero’ days, data from the Central Electricity Authority show.

Markets News

Milestone! 10% of India’s total electricity output now comes from renewable power

Despite a slowing of the pace at which solar power projects are being built owing to tariffs plunging to levels unviable for the developers, the country has crossed a milestone on the renewable energy front.

Industry News

Power demand up: Coal stocks at mines at a 5-year low

Imports, reined in after FY15 surge, rising again though a big price differential prevents it from skyrocketing.

coal. coal sector, coal industry News

India needs to tap Hydro Power’s potential; here’s what should be done to remove hurdles

The north-eastern state of Arunachal Pradesh best represents this scenario, having a mere 118 MW of installed capacity compared to a potential 50,000 MW.

Infrastructure News

Lifeline for Tata, Adani, Essar units; Supreme Court allows renegotiation of agreements

The court said its April 2017 order denying compensatory tariffs to these plants won’t come in the way of implementing the fuel cost pass-through and other measures recommended by a high-level committee to salvage the units

Industry News

NTPC changes tactics; PPA no longer priority project acquisition in NCLT

As many as 34 power assets with a capacity of 40,130 MW are seen to be heading to the National Company law Tribunal (NCLT), owing to the RBI’s February 12 circular which had compelled banks to resort to the IBC if defaultin

Industry News

Saubhagya scheme: Key states making slow progress on meeting targets

Most major states need to significantly ramp up their speed of connecting households with power if they want to meet the government’s 100% household electrification target within the deadline of December 2018 under the Saub

Saubhagya scheme, Uttar Pradesh, Central Electricity Authority, RK Singh, Narendra Modi, electrification of India News

ISA assembly okays $9-m annual budget

The first assembly of the International Solar Alliance (ISA) provisionally approved the prospective annual budget of $9 million for calendar years 2019 and 2020.

ISA, International Solar Alliance, Upendra Tripathy, solar mobility, storage solutions, solar infrastructure News

Data to drive demand for automation in India, says executive vice-president of Schneider Electric

In the last 20-25 years, global energy management and automation firm Schneider Electric has established itself as a B2B brand in the domestic power sector.

Schneider Electric, Schneider Electric VP, automation in India, Peter Herweck News

No takers for solar power? Power minister warns that states are not buying even at lowest rates!

Since “states are not very keen on purchasing” solar power even at the lowest price discovered of Rs 2.44 per unit (wind tariff are higher at Rs 2.76 per unit under latest auction), the country’s installed renewable ene

Industry News

ISA can help Indian firms build solar projects in Africa: RK Singh

Indian companies can use their experience of setting up off-grid solar power plants in the country to emulate the same in Africa through the International Solar Alliance (ISA), power minister RK Singh said.

solar, solar energy News

Seeks insolvency process: ICICI Bank moves NCLT against Essar Power MP

ICICI Bank has moved the National Company Law Tribunal (NCLT) seeking initiation of insolvency proceedings against Ruias-promoted Essar Power MP that runs the 1,200-MW Mahan plant.

Banking & Finance News

More solar panels! Rooftop energy creation goes up in 2018, new players enter market

China-based module manufacturing behemoth Trina Solar recently launched its rooftop solution product in India.

Infrastructure News

Gujarat discovers Rs 2.44/unit solar tariff in latest auction

The latest reverse auction for 500 MW capacity of solar power in Gujarat has discovered tariff of Rs 2.44/unit, matching the lowest-ever rate in the country for the fourth time after it was first found in May 2017 for Rajasth

Industry News

UDAY discoms: AT&C loss reduction lags target despite 15% cap for March-end

Delayed payments by public entities, staggered release of subsidies, Saubhagya drive keep losses high.

UDAY, UDAY scheme, Indian government, reliable electricity, aggregate technical, commercial programme, Ujwal Discom Assurance Yojana News

Four states show interest in buying power sans PPAs

Four states — Telangana, Bihar, Tamil Nadu and Haryana — have evinced interest to buy power under a government scheme to promote purchases from plants without power purchase agreements (PPAs), sources said.

PPA,  Telangana, Bihar, Tamil Nadu, Haryana, RKM Powergen, Indian Energy Exchange News

Power NPAs: Relief to 1 project, 4 more join SC plea

The Madras High Court on Monday gave temporary impunity to RKM Powergen’s 1,440 MW stressed power unit at Chhattisgarh from any action under the Reserve Bank of India’s February circular that seeks to fast-track insolvenc

Economy News

Stressed power assets: REC asked to remodel Pariwartan ARC

The Pariwartan scheme provides for a transitory warehousing of the viable lot of the stressed power assets and safeguarding the value of these assets from any immediate distress sale under the Insolvency and Bankruptcy Code.

power, power sector, power industry News

No conflict of interest in PGCIL taking part in competitive bidding, says PGCIL chairman and managing director

Power Grid Corporation of India (PGCIL) transmits over 50% of electricity generated in India through its 1.5-lakh-km circuit transmission lines.

POWER SECTOR, POWER INDUSTRY News

Indian Railways’ cheap fares make your electricity tariffs high; here is how

Unit cost of electricity goes up by an average 10 paise owing to the high freight rates of Indian Railways, a study has revealed.

Infrastructure News

JSW Energy revises offer for Prayagraj’s Bara plant

Against Resurgent’s offer of Rs 6,086 crore, JSW has agreed to pay about Rs 6,200 crore for the power plant

Industry News

Regulatory delays: Power ministry asks CERC to speed up clearing dues

Regulatory dues amounting to Rs 18,000 crore are yet to be paid to power companies. The ministry’s directive, if complied with, will help the resolution process and make some stressed units more attractive to potential buye

Industry News

RBI’s February circular: Allahabad High Court refuses relief to power assets

Banks say recast plan ready for 7-8 projects, insolvency route for some two dozen, up to 70% haircut seen.

Industry News

RBI stands firm: ‘Power sector has chronic defaulters’

The Reserve Bank of India (RBI) on Monday informed the Allahabad High Court that the industry had seen many “chronic defaulters” much before its contentious February circular.

RBI, Power sector, Reserve Bank of India, chronic defaulter News
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