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Anupam Chatterjee

Articles By Anupam Chatterjee

505 Articles

IPPs seek stricter rules to ensure quicker payments from discoms

The disputed amount for central government owned power plants stood at Rs 4,220.3 cr while for private power producers, the same was much higher at Rs 19,312.7 cr.

Fuel-stocking norms for power plants made more flexible

Designed by the CEA, these norms allow lower fuel stocks during the periods of low demand and mandate larger inventories during high-demand seasons.

Budget wish-list: Oil producers seek tax sops to raise domestic output

The exemption was available to the sector from March, 2012 till the introduction of GST on June 30, 2017.

The players want restoration of exemptions from excise duties (basic excise duty, special excise duty and additional duty, which now cumulatively stands at Rs 21.8/litre) on the diesel procured for hydrocarbon explorations and production activities.

Adani, Tata Power, ReNew to benefit: Solar PLI outlay to be hiked to Rs 19,500 crore

Both MNRE and the ministry of electronics and information technology (MeitY) had sought additional funding for the PLI schemes under their respective ministries, over and above their initial outlays.

IREDA will assist BVFCL in developing an action plan to create and acquire renewable energy projects for the next five years. (File)

Rising fuel prices- Small is big: How the ‘Chhotu’ LPG cylinder became a bestseller

To encourage regular refill, a swap option from the standard 14.2 kg connections to 5 kg connections was offered to Pradhan Mantri Ujjwala Yojana (PMUY) consumers.

The uptake of small cylinders would probably grow further if the government’s plan to supply these through the network of fair price shops across the country kicks off. And with no subsidy in sight for LPG, more consumers would be forced to opt for the smaller ones.

No transmission charge waiver for green power projects from July 2028

Power from projects commissioned in the next one-year period will be liable to pay 50% ISTS charges, and electricity from renewable energy plants coming online between July 1, 2027 and June 30, 2028 will attract 75% ISTS char

Coal gasification: Ministry proposes tax sops for syngas tech; 15% methanol blending with petrol

The mission document, reviewed by FE, pointed out that if levies such as GST compensation cess and additional duties on coal are removed, the tentative reduction on aggregate price of methanol may be in the range of Rs 1,450-

A recent Niti Aayog study has found out that methanol is much more economically competitive than ethanol when it comes to blending with gasoline.

Glasgow pact: Significant leeway on coal, but climate funding unresolved

Coal is the mainstay of India’s energy mix and will remain so for a few more decades, even as its share in the mix will markedly plunge with the renewable energy and benign fuels like hydrogen set to made rapid strides.

Experts point out that the removal of coal from energy mix would also warrant the government to find alternative sources of revenue.

Government updates list of approved solar module makers

The government had earlier mandated that all solar projects bid out after April 10 under central government schemes will have to use equipment from ALMM-listed entities.

solar

Green push: Reliance New Energy Solar, two others win Rs 4,500-crore solar PLI

Taken together, these companies will set up around 12,000 megawatt (MW) of manufacturing capacities under the scheme, and receive a combined incentive of Rs 4,500 crore.

The new capacities are seen to provide a domestic supply source to an industry which is 80% dependent on imports. As per the recent COP26 announcements, the country has set a target to install 500 gigawatt (GW) of renewable energy capacity by 2030 and much of it is to come from solar plants.

‘Automatic Pass-through Model’: State discoms to pay higher power tariffs if fuel costs spike

The move is seen to cut the delays traditionally seen in the process of vetting power costs and improve the liquidity position of power generators.

The step was taken by the power ministry after assessing the recent coal crisis scenario in the country, when many power plants had run short of the fuel. Private power plants have to pay for the fuel in advance to coal companies, and low liquidity prevents them from keeping adequate stocks at the generating stations.

BPCL sale: Bidders worried as financial bids ‘delayed’

Any delay in invitation of the financial bids could also derail the government’s disinvestment target for FY22, as such “large deals involving big investments can take 4-5 months for completion,” the source pointed out.

Even though officials were indicating earlier that financial bids for BPCL will be invited soon, the bidders fear the government has developed cold feet, especially after the successful privatisation of national carrier Air India.

Charged up: Central public sector enterprises, private firms quicken EV infra plans

Tata Power currently runs 878 public EV charging points, and aims to have more than 1 lakh such charging points by FY25-end. The company is mainly pursuing three channels to materialse its EV charging ambitions: home charging

IOCL’s decision followed state-run Hindustan Petroleum Corporation's (HPCL's) announcement in mid-September that it would commission 5,000 EV charging stations in the next three years.

Govt wants ONGC to divest 60% in Mumbai offshore assets

Discovered in 1974, Mumbai High is currently the biggest oil field under production in the country, holding 13.27 billion barrels of oil and expected to be in operation till 2040.

ONGC

Solar industry fears Punjab PPA renegotiation

According to sources, the Punjab Electricity Development Agency had met officials from major renewable energy players on October 29 with the agenda to discuss the prospects of tariff reduction.

Soon after assuming office in May 2019, Andhra Pradesh chief minister YS Jaganmohan Reddy had revised the PPAs, signed by the previous government, with solar and wind projects of around 8,000 MW in the state.

Captive coal output rises 35% in H1 as Coal India falters

Though captive coal still constitutes only 10.5% of the total domestic coal production, recent steps by the government such as allowing sale of 50% captive coal in the open market will likely encourage these miners to ramp up

In early October, the Union coal ministry amended the Mineral Concession Rules, 1960 to allow sale of up to 50% coal produced from captive mines, after meeting the requirement of the end-use plant linked with the respective mines.

Zero-tolerance policy: NTPC threatens to cut power supply to defaulters UP and MP

If immediate arrangements are not made, both the states could lose 2,793 MW and 2,430 MW of power supply, respectively, from several NTPC power plants.

NTPC had also sent a similar regulation notice to UP in August to recover unpaid dues of Rs 1,160 crore.

Aluminium industry flags coal crisis to PMO, warns of risk to a million jobs

The government had stated earlier that around 0.3 MT of coal is being supplied to the non-power sectors such as aluminium, cement and steel to meet their demand on a daily basis.

This, as per industry sources, it can meet only half the fuel requirement of the captive power plants.

Rs 4,500-crore scheme: Solar PLI: 16 companies make the cut

Ministry seeks additional outlay of Rs 18,000 crore

The applicants are required to setup either brownfield or greenfield manufacturing facilities allotted under the scheme.

Coal crisis: Private gencos ask govt for penalty mechanism for short supply of fuel

Currently, IPPs have to make full payments for coal in advance, while there is no penalty for coal companies, including Coal India (CIL) and the railways, if the desired quantity and quality of coal does not reach private gen

Improved coal supplies in the recent days, complemented with lower power demand with decreasing temperatures, have helped in avoiding a serious electricity supply shortage situation.

NTPC threatens to end pact with Tata Power over delays

NTPC is a major client of Tata Power Solar with a significant portfolio of EPC projects from the CPSE ongoing at sites in Gujarat, Kerala and elsewhere.

Skyrocketing LNG prices inflate industrial costs, consumers to bear the brunt

Also, since most of the LNG imports are carried out under long-term contracts at predetermined prices, the surge in end-prices in the country are much lower than the rise recorded in global spot prices.

In the corresponding timeline in 2019, before the impact of the coronavirus, LNG import was 13,618 mscm and the value of the import was $3.9 billion.

Other industries face coal shortage as power units get supply preference

To supply more fuel to power plants, Coal India subsidiary South Eastern Coalfields (SECL) has suspended supplies to non-power users since October 12.

At present, coal imports from Thailand, Australia and South Africa are up to three to four times costlier compared to domestic coal.

Govt nudges states to step up coal imports

The government recently said Maharashtra, Rajasthan, Tamil Nadu, Uttar Pradesh and Madhya Pradesh have legacy issues of heavy dues of coal companies.

At present, coal imports from Thailand, Australia and South Africa are up to three-four times costlier compared with domestic coal.

Coal supply: Plans afoot to relieve rainy woes

State-run coal miners are spending Rs 15,000 crore on first mile connectivity, aiming to provide user industries adequate fuel, especially in rainy season

At present, coal imports from Thailand, Australia and South Africa are up to three-four times costlier compared with domestic coal.

Coal shortage: States seek Centre’s support to tide over looming power crisis

Amid rising demand and low coal stocks in its power plants, the state has been purchasing around 45 million unit (MU) of power from the spot market exchanges where electricity prices have risen from around Rs 4.6/unit in mid-

Uttar Pradesh, where 2,395 MW units were under outage due to coal shortage, had recorded power supply deficit of 22.2 MU on October 8. As much as 1,235 MW of these shut units had payment issues with coal companies.

Open access will boost renewable energy capacity addition: Pinaki Bhattacharyya, MD and CEO of Amp Energy India

The government can help by exempting such players from paying the BCD. The outlook for these projects to find buyers is very positive.

Pinaki intv
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