Anupam Chatterjee

Articles By Anupam Chatterjee

287 Articles

Discoms’ dues to power producers rise by 45% to Rs 81,000 crore

The dues include those to independent power producers (about 30% of the total) and state-run utilities such as NTPC, DVC and NHPC.

Trend contradicts govt’s claim that no new dues were created after Aug ’19 decision making LCs must for purchases News

Equipped to grow: Coal India subsidiary is targetting output of 115 MT by FY 24

The company has so far extracted 1.7 BT of coal from Moher, which lies in the Sidhi district of Madhya Pradesh, with a small part falling in the Sonebhadra district of Uttar Pradesh.

To put it into perspective, NCL had to remove more than 318 million cubic metres of overburden to produce 101.5 MT coal in FY19, making it the largest volume handling company of CIL. News

Commercial coal mining to usher efficiency: Pralhad Joshi, union coal minister

The first commercial auction is expected in another 4-5 months. I want to have a detailed consultation with stakeholders before bringing out the first such auction. We expect the industry to react positively to this progressi

Commercial coal mining, Pralhad Joshi, union coal minister, coal mining, coal, Coal India, CIL, FDI News

Private electricity generators object to the latest coal linkage auction

Power producers claim that there are “high risk” factors associated with the two-step auction process as only plants which manage to secure PPAs within two years after the auction will receive coal.

Private electricity generator, coal linkage auction, HLEC, economy news, electricity  News

Diversifying source of borrowing, cutting thermal power exposure: Pawan Singh, CEO, PTC India Financial Services

The Andhra issue would soon get resolved. They have started paying back developers. The IREDA has given it some money. PFC-REC is also providing some support. The Andhra case, though a dampener, is also an eye-opener. That is

Diversifying source, borrowing, cutting thermal power exposure, Pawan Singh, CEO, PTC India Financial Services, thermal power exposure,NPA  News

Few takers for renewal energy! Power transmission capacity addition down 31% in 2019

Decline due to few takers for renewable energy, which is main driver of transmission connectivity

Private electricity generator, coal linkage auction, HLEC, economy news, electricity  News

NTPC to buy modules separately for solar projects

Apart from its own green projects, NTPC acts as an aggregator of renewable energy through which is it supplies power to a number of states from solar and wind plants owned by other developers.

Andhra Pradesh, ntpc News

Mirroring slowdown: Electricity use down by 20% in Gujarat and Maharashtra

Sharper fall in power demand in industrialised states tallies with IIP, belies govt claim that prolonged monsoon caused it.

Economy News

Ray of light! Power demand shows signs of revival in economy

The country’s GDP continued to slide further in the July-September quarter to report an overall expansion rate of just 4.5% — the lowest quarterly growth for the country since Q4FY13, or a 26-quarter low.

Power industry, discom, discom loss, Minister, Goa Power Minister, Power Minister, NDA government,  News

NTPC to bid for Jhabua power plant facing IBC process

The development comes at a time when major power conglomerates are cash-strapped and power plants are finding it difficult to find new takers.

ntpc, power sector News

Green energy: Andhra to clear Rs 1,095 crore dues in a month

Crisil has noted that the state’s move could put additional stress on about 5.2 giga-watt (GW) of wind and solar energy projects with an estimated debt exposure of over Rs 21,000 crore.

Chief Minister YS Jaganmohan Reddy , andhra pradesh News

Govt cancels auction under Phase 2 of pilot scheme to salvage stressed power units

The pilot scheme is one of the two steps taken by the government to salvage commissioned power plants lying stranded, several due to the lack of PPAs.

Economy News

Govt to ease approval norms to boost coal mining

To ramp up domestic coal production and cut import bills, the government is planning to fast-track approvals for mining plans prepared by developers.

Economy News

Emission control: Power plants set to miss deadline, again

Among the power plants given the deadline to cut emission levels, 11 with total capacity of 12,800 MW are located in Haryana, Punjab and Uttar Pradesh.

Economy News

NCL open to upgrade FSAs with power plants

NCL’s claim of raising FSA coal quantities is significant at a time when a number of power projects across the country are suffering from the shortage of the fuel and most of the Coal India subsidiaries are recording muted

NCL, FSA, power plants, Coal India, industry news, Northern Coalfields,  News

Coal bids: Investors return, 5 mines allocated

Access to open market revives interest in captive blocks

Coal bids, coal ministry, Union coal ministry, Jindal Steel and Power, Vedanta, GST compensation fund, coal blocks News

Solar tenders remain hugely undersubscribed — Here’s what caused tepid response

A senior official of a major renewable company said on the condition of anonymity that uncertainties stemming from Andhra Pradesh's decision have led to a situation where projects, despite being completely constructed, are no

Industry News

Power exchanges expect push from real-time market mechanism

The mechanism would give more operational flexibility to thermal generators, which can sell additional power in the spot market when discoms procure lower volumes of electricity than what was scheduled by them earlier

The real-time mechanism is seen to significantly reduce the time of delivery to just over an hour. News

AGR dues: GAIL, PowerGrid say they owe nothing

If govt accepts their explanation, the same would apply to even telcos

GAIL, PowerGrid, ISP, GAIL AGR, DoT, telecom licence, PSU, ISP licence, telecom sector News

Stressed power assets back on stream

Stressed power assets got partial relief when the Supreme court, on April 2, declared the Reserve Bank of India’s February 12, 2018 fiat on mandatory insolvency and bankruptcy code (IBC) timelines as ‘ultra vires’.

The government had earlier identified 34 power plants of 40 GW capacity under the stressed category, including commissioned capacity of 24.4 GW. News

Global Infrastructure Partners’ India arm close to buying Rattan India Solar

Both the companies did not respond to FE’s queries over the deal till press time. Though the financial details of the deal were not revealed, industry experts have pegged the valuation of RattanIndia solar assets between Rs

India ranks fourth among 40 countries in Ernst and Young’s 2019 Renewable Energy Country Attractiveness Index report. News

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”.

Andhra Pradesh, renewable energy, Economy news, energy department, Jaganmohan Reddy News

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, oil and gas retail segment, Cabinet Committee on Economic Affairs, BPCL, Indian fuel demand, CAGR News

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.

ioc, bpcl News

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

Greener plan, Tata Cleantech, Tata Cleantech plan, infrastructure, infrastructure debt, AIF, industry news, renewable energy News

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

The first phase of the plan would see 30 GW capacity being set up in Gujarat and 10 GW in Rajasthan News

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.

Industry News
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