Anupam Chatterjee
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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.
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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 Rajasthan’s Bhadla projects.
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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.
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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.
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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 insolvency process for defaulting projects.
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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.
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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.
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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.
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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
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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 buyers.
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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.
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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.
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Stressed assets: Power producers seek extension of timeline citing RBI delay
Independent power producers have urged the Reserve Bank of India (RBI) to extend the last date for finalising resolution plans for defaulting projects to November 16 from August 27.
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Power struggle: Discoms’ dues to gencos rise 30%, unpaid dues to 23 power producers stand at Rs 44,195 crore
While the government, Reserve Bank of India and the judiciary are grappling with the issue of stressed power projects worth Rs 2.5 lakh crore, the electricity distribution companies (discoms) are adding to the latter’s woes.
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Transmission woes: SECI halves wind capacity for auction
The capacity of wind power projects offered in the upcoming tranche of competitive bidding has been slashed to 1,200 MW from the original proposal of 2,500 MW.
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NTPC may abandon two units if states renege on PPAs
Power purchase agreements (PPAs) for these projects were signed with West Bengal, Bihar, Odisha, Sikkim and Jharkhand in 2010.
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Electricity Tariff Policy: Discoms object to new plans; Rajasthan opposes penalty for gratuitous load shedding
Stakeholders, including state-owned power distribution companies (discoms) and private power producers, have objected to key amendments to the Electricty Tariff Policy, 2016.
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Inputs for Allahabad High Court: RBI’s one-size-fits-all policy imprudent, says Finance Ministry
The finance ministry has said the Reserve Bank of India’s “one-size-fits-all approach” under its February 12 circular may not be the most suitable response to deal with massive number of stressed assets in the power sector.
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Microgrids: Small steps can make a big impact
Renewable energy-based micro projects have a vital role to play in supplying power to every household.
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Vedanta offers Rs 2,500 cr for GMR’s Chhattisgarh thermal power plant
Vedanta quoted the highest offer of Rs 2,500 crore for GMR’s 1,370-MW thermal power plant in Raikheda, Chhattisgarh, sources told FE.
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Power Struggle: Tighter regulations, policies to dent discoms’ finances
The power ministry has made it clear that aggregate technical and commercial (AT&C) losses above 15% won’t be compensated in tariffs (the new regime is likely from FY20).
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Pilot scheme for plants sans PPAs elicits tepid response
Even as nearly 20,000 MW of commissioned power generating units are under stress due to lack of power purchase agreements (PPAs), the government’s pilot scheme to procure electricity from 2,500 MW generation capacity without PPAs has evoked a tepid response from the industry.
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No PPA hurdle! State-run companies can sell power from cheaper units
Cost saved from this process will be shared between states and the central generation companies
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5 states for buying 3,000 MW from power plants sans PPAs
Gujarat, Maharashtra, Rajasthan, Bihar and Jharkhand together want to buy 3,000 MW of power under a government scheme to promote purchases from plants without PPAs.
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Solar equipment manufacturers and developers spar over safeguard duty
Domestic solar equipment manufacturers want the safeguard duty threshold to be raised to 95% on imported solar components.
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Slow onset of monsoon, rising demand lead to increase in power outages in UP, Jharkhand and Bengal
Power outages in Uttar Pradesh, Jharkhand and West Bengal are longer this summer compared to 2017. The national average is 7 hours and 52 minutes in May this year, 7 minutes longer than the same month last year.
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UDAY outcome: Discoms in four states out of the red
The four states’ discoms made a combined profit of Rs 1,565.5 crore in FY18 compared with an aggregate loss of Rs 10,203 crore in FY17.
