Andhra Pradesh tightens renewable energy norms
In its latest order, AP energy department also states that tariff from renewable energy based electricity will not be more than the “difference between pooled variable cost and balancing cost”.
IOC prepares action plan to battle retail competition
The Cabinet Committee on Economic Affairs in October relaxed the norms for firms to open fuel retail outlets, effectively paving the way for more private companies, both foreign and domestic, to enter this business domain.
IOC weighs risks from BPCL sale, open to buying it
The government’s stake in BPCL is worth about Rs 60,000 crore at current market prices.
Solar auctions: Govt relaxes norms to attract bidders
Major solar tenders have remained under-subscribed recently with issues such as irregular payments, land acquisition and abrupt power curtailment from the state-owned power distribution companies (discoms) making the industry
40-GW hybrid capacity: Promise of power
Sources told FE the plan was set into motion after Prime Minister Narendra Modi highlighted the RE potential of the border areas, stressing that such projects could also help generate drinking water for people living in the a
NTPC solar tender gets weak response
Another senior official from a different solar company said since the ceiling tariff for similar tenders has been kept at Rs 2.78/unit, it did not make much sense to participate this particular tranche.
Centre plans to run Ladakh completely on renewable energy
Before that, the government is currently working to meet the deadline for installing 175 GW of renewable energy is December 31, 2022.
Delay impact: Gujarat seeks tariff cut for power from Kakrapar N-units
According to sources, the reactor of the first upcoming unit would start sustained fission chain reaction by the end of FY19. Currently, average tariff of power from existing nuclear plants is Rs 3.41/unit.
Prepaid electricity meters: Early results leave more to be desired
Prepaid meters have been envisaged as one of the ways to turn around discoms by reducing their gap between the cost of power supply and revenue realised by ensuring timely payments from bulk consumers such as local civic bodi
New set of reforms: Discoms’ roles to be redefined, multiple private franchises in each area to recover full tariffs
The ministry has also laid down the broad contours of the revenue streams and the basic roles and responsibilities of the new franchisees.
Cost-plus cover for NTPC stymies power sector revival
Private players had cried foul and lodged complaints to the Central Electricity Regulatory Commission (CERC) claiming that PPAs were signed "with a clear intention of bypassing the impending competitive bidding requirements".
Power reforms: RK Singh bats for open access, flays PPA breaches
Under the open access system, large consumers have access to the transmission and distribution (T&D) network and this enables them to source power from suppliers other than the local discom.
Best time for thermal plants to upgrade for renewable energy: GE Steam Power’s Kevin Cogo and GE Power India’s Prashant Jain
With the rising share of renewable energy, questions are being raised regarding the future of coal-based power plants.
A first for PSUs: NHPC acquires Lanco’s Teesta-6 hydro project under IBC
According to the resolution plan approved by the Hyderabad National Company Law Tribunal (NCLT) bench, NHPC would pay Rs 897.5 crore to the project's financial creditors.
After Andhra Pradesh, it’s Uttar Pradesh’s turn to flout renewable PPAs
Stops buying power from firms that quoted Rs 3.46/unit under maiden reverse auction
Eye on coal: Govt to ease forest, land usage guidelines to boost mining
To attract private players, the Cabinet in February 2018 had approved the auction methodology for commercial mining.
Power struggle: RK Singh asks NTPC to buy stressed units
The development comes at a time when major power conglomerates are cash-strapped and power plants are finding it difficult to find new takers.
Telangana power regulators headless amid rising sector stress
Telangana was one of the seven states to receive letters from power minister RK Singh which asked them to clear dues at the earliest to avoid the possibility of discoms getting dragged to NCLT.
Letter of credit system making discoms more disciplined, says Power Minister RK Singh
Delayed payments impair the generating companies’ ability to service debt and exhaust their working capital. This leads to lower credit ratings and higher interest rates.
How India will be impacted by attack on Saudi crude oil processing facilities
The petroleum ministry said oil refiners have been informed of sustained crude supplies by Saudi Arabia but added that it was closely monitoring the situation.
Maharashtra, Tamil Nadu oppose advance power payments
State-run electricity distribution companies (discoms) of Maharashtra and Tamil Nadu have opposed the central government panel's recommendation to make advance payments to power producers.
Big game-changer! How floating solar power may help Modi government realise its renewable energy dream
Given RE ministry’s plan to create 10-GW capacity, agencies and states are moving to install plants on hydel reservoirs
Cairn to invest $1.1 billion in Barmer oil fields
“The ASP projects is the result of seven years of research and the pilot study has recently been concluded in March, 2019,” said Ajay Kumar Dixit, CEO, Cairn Oil and Gas. “It will also increase the recovery factor to mo
Andhra Pradesh’s dues to state discoms pile up, hit Rs 2,100 crore
The FY19 losses of Andhra Pradesh discoms were Rs 1,563 crore which the newly elected state government has attributed to “high cost renewable energy purchases”.
Coal ministry rejects Niti Aayog’s proposals on raising mining output
Power minister RK Singh has written to his coal counterpart Pralhad Joshi, emphasising the need to create open coal market which, in turn, will facilitate an open power market.
Solar cell makers urge Centre to source only from them for Kusum scheme
The imposition of the safeguard duty in July last year on solar imports from China and Malaysia and ‘developed countries’ has not done much to domestic manufacturers.
Debt servicing: Govt cuts tax burden on stressed power plants
Ten power plants had won 25-year coal linkages of 27.2 MTPA in the first round of Shakti auctions where bidders quoting the highest discount to its existing tariffs were allowed to choose their preferred source of coal supply
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