Tamil Nadu seeks discounts to clear dues of private gencos
Apart from the aforementioned companies, units of Tata Power and CESC also supply electricity to the state. Tamil Nadu is seeking the discount despite power generators agreed to reduce the rate of late payment surcharge from
Experts feel record-low solar tariff one-off and may not sustain
As much as 1,665 MW of renewable power projects (Acme: 600 MW, Torrent: 500 MW, Mytrah: 300 MW and ReNew: 265 MW) have sought to terminate their power purchase agreements (PPAs) with SECI.
PM Modi hints at incentives for local production of solar equipment
Addressing the third edition of RE-Invest, an annual renewable energy investors’ meet organised by the government, Modi said that India is likely to generate business prospects of around $20 billion per year for renewable e
Aggressive bidding: Solar tariff hits a new low of Rs 2/unit
The winning developers bid aggressively to win contracts to set up a total capacity of 1,070 MW, marking a shift from the recent trend of solar tenders being under-subscribed.
Adani Power wins short-term contracts to supply 6,100 MW to Punjab
Adani Power has won short-term contracts for supply of 6,100 megawatt (MW) of electricity in auctions held by the Punjab government for procuring a total of 7,000 MW.
Stable regulatory framework important for Indian renewable energy: Patrick Charignon, V-P APAC, EDF Renewables
The MNRE guidelines regarding the wind and solar PPAs and the efficient role of the regulator ensure the bankability of the projects and India’s legal system efficiency fosters the investors’ trust that they will be maint
Hydrogen gaining traction for storage
According to IEA’s World Energy Outlook 2020, battery storage will gain huge ground as a source of power system flexibility, with global investment increasing six-fold to $25 billion by 2030.
Centre to rake in 90% more from auto fuels in FY21
Crisil has estimated an annual 11% drop in sales of the auto fuels in FY21. It sees 80 million tonne (MT) of petrol and diesel to be sold in the last three quarters of the fiscal.
Smaller penalty: Cut in late payment fee to save discoms Rs 6,000 crore annually
The trend of rising dues to power plants continues despite the Union power ministry implementing the letter of credit (LC) mechanism since August 2019 to compel discoms to become more disciplined in meeting payment obligation
Aptel pulls up Karnataka power regulator for defying order
According to sector watchers, the order is ‘historic’ as this is the first time a contempt notice has been issued by Aptel against any state regulator.
Impose higher penalties if BHEL doesn’t meet parameters: Power minister tells NTPC, others
Union power minister RK Singh, in a recent meeting, said, “The inordinate delays (by BHEL) have resulted in higher completed costs of the power projects and consequently higher power tariffs for consumers.”
National capital charged up to make its roads green
The EV policy unveiled by the state govt last month, which offers users unprecedented incentives, could change Delhi’s transport landscape, besides reducing pollution levels
Andhra solar units seek state’s help to expedite power purchase agreements case in HC
The renewable energy developers are seeking compensation against lower tariffs paid to them and have pegged the under-recoveries at around Rs 5,000 crore.
Solar power not finding buyers – Here’s what Centre plans to do
The winners of the February auctions for 1.2 GW were SoftBank Group’s SB Energy, Canadian energy firm AMP Energy’s India unit, New York-based Eden Renewables’ Indian arm and ReNew Power.
Paradigm shift: Andhra govt charts out DBT plan for power subsidy to farmers
Around Rs 1,700 crore has been earmarked for feeder segregation and installing meters in the state and the remaining requirement will be funded through debt.
One more chance: SEBs to get Rs 90,000 crore, firm action after that
“PFC-REC lending norms have been tightened and the prudential norms have been updated to correspond to the best followed by any financial institution,” Union power minister RK Singh told FE.
Andhra Pradesh loses interest in solar park, developers may take legal route
Investments involved in solar projects is around Rs 4.5 crore per MW. Nearly 6,000 acres of land had earlier been identified by the state for the 1,000 MW Kadapa solar park.
India’s solar power story disrupted as renewable energy finds no buyers
The impact of the coronavirus outbreak on the supply chain has also been cited as a cause of the demand for PPA cancellations.
Italian energy utility Snam plans to enter India gas market
Over 31% of SNAM’s shares are held by holding company CDP Reti, which is a JV between Italy’s state-run Cassa Depositi e Prestiti and the State Grid Corporation of China
JSW forays into wind energy, wins 970 MW projects in Seci auctions
The country has set a target to raise the capacity of installed renewable energy generation plants to 175 GW by the end of 2022. As on July 31, the installed renewable energy capacity was 88 gigawatt.
Dues pile up: After power producers, machine suppliers say UP discoms owe them Rs 2,000 crore
The states discoms owes money even to small transformer repair contractors who have been worst hit by the coronavirus outbreak.
Air Products is eyeing $10 billion investment in India coal gasification projects: Senior V-P
Coal-to-chemicals and coal-to-transportation fuels is a long established business and we have a world leading position in that technology.
New liquidity infusion scheme: Private power producers say ‘no’ to UP’s demand for discounts
The state has argued that since CPSU power utilities have offered discounts to discoms in the light of the crisis induced by the coronavirus outbreak, IPPs ought to do the same.
NTPC auction: Second lowest solar tariff of Rs 2.43/unit discovered
The country has set a target to raise the capacity of installed renewable energy generation plants from the current level of 87.7 GW to 175 GW by the end of 2022.
PSUs struggle to meet FM Nirmala Sitharaman’s target for capital-spend
This delayed floating of tenders, addressing technical specification issues, transportation of equipment and travel of technical experts.
How safeguard duty on solar imports from China benefited domestic suppliers, but hit India
However, with the safeguard duty, the pace of solar capacity addition has decreased from 9.4 GW in FY18 to 6.5 GW and 6.6 GW in FY19 and FY20, respectively.
Thermal plant emissions: Wait for cleaner power may get longer
Given a host of challenges, the government’s 2022 deadline for installation of FGD units at 166 GW coal-based capacities is likely to be missed
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Top News
- World sees India as a trustworthy and promising partner: PM Modi at IIT 2020 Global Summit
- India economy likely to contract by 10% in FY21: Former Planning Commission's Abhijit Sen
- GHMC Election Results 2020 Highlights: BJP steals thunder from TRS, suspense over mayor post
- ED seizes absconding business tycoon Vijay Mallya's French asset worth Rs 14 crore
- DBS Bank India gets Rs 2,500 cr capital support from parent for LVB merger
- RBI's accommodative stance to revive growth on durable basis, say bankers
- Farmers Protest LIVE: Farmers call Bharat Bandh on December 8 ahead of 5th round of talks with Centre
- WhatsApp users may lose all access if they don't accept 'updated' terms of service in 2021
- Allowing corporates to start banks: Das says it is internal panel's suggestion, not RBI view
- Funding a Punjab crop diversification plan critical
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