Declining coal prices: Gujarat revokes PPA relief to power units
Now, after taking into account the fall in global coal prices, the state will revise the terms and conditions of the PPAs in new supplementary agreements, where the tariff calculation will be done on the basis of fresh parame
Solar manufacturers do not want pass-through of planned basic customs duty
“To help domestic manufacturers, 50% duty should be imposed immediately without a pass through given to developers,” Hitesh Doshi, chairman, all India Solar Industries Association, said.
Delayed subsidy, poor billing inflated discom losses in FY19
According to the latest report, state governments released 89.4% of the subsidy booked by their respective discoms, significantly lower than the 95.6% disbursed in FY18.
Discom drama: Audited losses double, back to pre-Uday levels
To revive discoms, the Centre is currently planning to introduce a new scheme which aims to cut AT&C losses to pan-India levels of 12-15% and eliminate ACS-ARR gaps by FY25.
Gas-based power plants seek to bid under renewable bundling scheme
According to industry sources, about Rs 50,000 crore of investments in gas-based power projects are in the doldrums due to the policy lacuna.
Awareness of protection products is getting tailwind: Prashant Tripathy, MD & CEO, Max Life Insurance
Consumers are banking on life insurers for assurance in times of uncertainty, and we will, therefore, be rolling out solutions and specific product offerings around protection to cater to changing needs during such tough time
Maruti Suzuki aims to sell 1.4 lakh CNG cars this fiscal: Believes diesel cars becoming unattractive
Maruti Suzuki CNG car line up at present includes Alto, WagonR, Eeco, Tour S, Ertiga and Super Carry. The numbers in terms of sales for diesel cars have been coming down with the rise in fuel prices and people are no longer f
Biggest economic retaliation step! India puts complete ban on import of power equipment from China
Power minister RK Singh on Friday said a complete ban will be in place forthwith on import of power equipment from the neighbouring country.
China equipment ban: Power plants seen missing emission cut deadlines again
About 14,000 MW of power plants around the national capital region have already missed the first deadline of installing FGDs by December 2019.
Tata Power to raise Rs 2,600 crore from Tata Sons to de-leverage its balance sheet
Tata Power is also teaming up with Tata Motors and other automakers to build charging stations for electric vehicles and hopes to grow the business from nine cities.
Fresh auction: Solar tariff hits new low of Rs 2.36/unit
The renewable energy industry is one of the major FDI earners with the sector attracting $4.8 billion foreign capital till 2019 end since FY15.
Centre revises list of commercial coal mines
The government on June 18 had launched the maiden auction for coal blocks, where private players can participate without any end-use restrictions.
Why most discoms are yet to get state govt nod for PFC-REC loans
Maharashtra discoms have already been sanctioned Rs 2,500 crore as the first tranche of loans which are designed to be disbursed in two equal halves.
States, PSUs back off from Chinese contracts; new orders also scarce as India calls for China boycott
Even though a holistic ‘Boycott China’ policy could boomerang, select deals with Chinese firms repealed, more to follow.
Solar cells import may get costlier; govt pushes domestic buying amid India-China clash
People aware of the development told FE that the MNRE will soon be sending its recommendations to the finance ministry, suggesting levying 20% BCD on imports of solar cells and panels.
Boycotting China is easier said than done: Why customers will be at losing end in bid to tame Dragon
Of course, with structural reforms and appropriate policy interventions in areas ranging from pharmaceuticals to mobile and auto parts, the domestic industry can build capacity, but that will be a longer term proposition.
Charging Up: Impressive beginning for real-time power market
The RTM system provides more operational flexibility to thermal power producers, who can sell additional power in the spot market when power distribution companies (discoms) procure lower volumes of electricity than what was
Power Point: UPSC engineers up in arms over new posting policy
In a letter written to power secretary Sanjiv Nandan Sahai, the Central Water and Power Engineering Services Association (CWPESA) has pointed that these engineers are recruited through the Union Public Service Commission (UPS
Govt aims to complete privatisation of UT discoms by January 2021
Efforts would also be made to privatise a number of discoms in major states such as Uttar Pradesh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Jharkhand and Assam
Delhi govt seeks Centre’s guarantee for discom loan package
The Delhi power department had earlier decided to use 50% of the subsidy that it owes to the national capital’s private discoms to clear the latters’ due to the state-run power stations.
EESL in talks with discoms to implement solar plants-LED lights-pump sets package
EESL is a joint venture of NTPC, Power Finance Corporation, Rural Electrification Corporation and Power Grid Corporation of India. It was set up under the Union ministry of power to facilitate the implementation of energy-eff
New PPA after 5 years: Madhya Pradesh approves pact with Adani Power
After a hiatus of five years, a new long-term power purchase agreement (PPA) for thermal power has been finalised, with the regulator of Madhya Pradhesh approving the 25-year contract signed between Pench Thermal Energy (MP),
NTPC keen to buy Reliance Infra’s Delhi discoms
Reliance Infrastructure had sold its Mumbai discom business to Adani Transmission in 2018 for Rs 18,800 crore, which helped the company reduce its debt by Rs 13,800 crore.
OMCs’ profits seen diving 88% to Rs 3,600 crore in FY20
Analysts expect these firms’ profits to remain lower than FY19 levels, in both FY21 and FY22, due to muted marketing margins and stagnant volumes.
Power shock: UDAY scheme fared even worse?
PFC says discoms' FY18 losses were double the level reported, at Rs 33,365 cr
States’ borrowing leeway linked to power reforms
Though the final framework of the prescribed reforms have not been finalised yet, the Centre is likely to direct states to reduce AT&C losses through improvement of the discoms’ corporate governance.
Centre to privatise power discoms in UTs
Currently, roughly 35% of the power being consumed in the country are paid for by the consumers as government subsidies galore, while the release of these get delayed.
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