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Anupam Chatterjee

Articles By Anupam Chatterjee

393 Articles

Tamil Nadu seeks discounts to clear dues of private gencos

Apart from the aforementioned companies, units of Tata Power and CESC also supply electricity to the state. Tamil Nadu is seeking the discount despite power generators agreed to reduce the rate of late payment surcharge from

IL&FS Group’s ITPCL power plant has the highest due of Rs 2,498.3 crore from the state, followed by Jindal Steel and Power (Rs 1,481 crore), DB Power (Rs 1,105 crore), Vedanta’s Balco unit (Rs 724 crore) and GMR Energy (Rs 469 crore).

Experts feel record-low solar tariff one-off and may not sustain

As much as 1,665 MW of renewable power projects (Acme: 600 MW, Torrent: 500 MW, Mytrah: 300 MW and ReNew: 265 MW) have sought to terminate their power purchase agreements (PPAs) with SECI.

PM Modi hints at incentives for local production of solar equipment

Addressing the third edition of RE-Invest, an annual renewable energy investors’ meet organised by the government, Modi said that India is likely to generate business prospects of around $20 billion per year for renewable e

The country has set a target to raise the installed capacity of renewable energy from the current level of 89 GW to 450 GW by 2030.

Aggressive bidding: Solar tariff hits a new low of Rs 2/unit

The winning developers bid aggressively to win contracts to set up a total capacity of 1,070 MW, marking a shift from the recent trend of solar tenders being under-subscribed.

Adani Power wins short-term contracts to supply 6,100 MW to Punjab

Adani Power has won short-term contracts for supply of 6,100 megawatt (MW) of electricity in auctions held by the Punjab government for procuring a total of 7,000 MW.

discoms, gencos, outstanding dues, atmanirbhar bharat, pm modi

Stable regulatory framework important for Indian renewable energy: Patrick Charignon, V-P APAC, EDF Renewables

The MNRE guidelines regarding the wind and solar PPAs and the efficient role of the regulator ensure the bankability of the projects and India’s legal system efficiency fosters the investors’ trust that they will be maint

Patrick Charignon, V-P APAC, EDF Renewables

Hydrogen gaining traction for storage

According to IEA’s World Energy Outlook 2020, battery storage will gain huge ground as a source of power system flexibility, with global investment increasing six-fold to $25 billion by 2030.

Centre to rake in 90% more from auto fuels in FY21

Crisil has estimated an annual 11% drop in sales of the auto fuels in FY21. It sees 80 million tonne (MT) of petrol and diesel to be sold in the last three quarters of the fiscal.

Diesel sales itself contribute to around 40% of the total consumption of petroleum products in the country.

Smaller penalty: Cut in late payment fee to save discoms Rs 6,000 crore annually

The trend of rising dues to power plants continues despite the Union power ministry implementing the letter of credit (LC) mechanism since August 2019 to compel discoms to become more disciplined in meeting payment obligation

The ministry’s move is seen to cut late payment surcharges (LPS) by about 5 percentage points, and given the high amount of dues, lower surcharges can provide some desperately needed additional liquidity to the discoms.

Aptel pulls up Karnataka power regulator for defying order

According to sector watchers, the order is ‘historic’ as this is the first time a contempt notice has been issued by Aptel against any state regulator.

The development comes at a time when the central government is tightening its grip on state regulators to ensure power tariffs are increased regularly to address the issue of under recovery faced by state-run distribution companies (discoms).

Impose higher penalties if BHEL doesn’t meet parameters: Power minister tells NTPC, others

Union power minister RK Singh, in a recent meeting, said, “The inordinate delays (by BHEL) have resulted in higher completed costs of the power projects and consequently higher power tariffs for consumers.”

National capital charged up to make its roads green

The EV policy unveiled by the state govt last month, which offers users unprecedented incentives, could change Delhi’s transport landscape, besides reducing pollution levels

National capital charged up to make its roads green

Andhra solar units seek state’s help to expedite power purchase agreements case in HC

The renewable energy developers are seeking compensation against lower tariffs paid to them and have pegged the under-recoveries at around Rs 5,000 crore.

Andhra solar units, renewable energy, YS Jagan Mohan Reddy, Tata Power, softbank, Union power ministry

Solar power not finding buyers – Here’s what Centre plans to do

The winners of the February auctions for 1.2 GW were SoftBank Group’s SB Energy, Canadian energy firm AMP Energy’s India unit, New York-based Eden Renewables’ Indian arm and ReNew Power.

Paradigm shift: Andhra govt charts out DBT plan for power subsidy to farmers

Around Rs 1,700 crore has been earmarked for feeder segregation and installing meters in the state and the remaining requirement will be funded through debt.

Power subsidy for farming in the state, estimated to be nearly Rs 8,500 crore in FY21, is roughly a fifth of the annual revenue reported by discoms in the state.

One more chance: SEBs to get Rs 90,000 crore, firm action after that

“PFC-REC lending norms have been tightened and the prudential norms have been updated to correspond to the best followed by any financial institution,” Union power minister RK Singh told FE.

If the discoms fail to traverse the glide path for aggregate technical and commercial (AT&C) loss reduction, as sanctioned by the Centre and states, the loans will be recalled.

Andhra Pradesh loses interest in solar park, developers may take legal route

Investments involved in solar projects is around Rs 4.5 crore per MW. Nearly 6,000 acres of land had earlier been identified by the state for the 1,000 MW Kadapa solar park.

Centre-run Solar Energy Corporation of India (SECI) had signed power purchase agreements (PPAs) with the winning developers, and subsequently inked contracts to supply electricity from these units to Andhra Pradesh.

India’s solar power story disrupted as renewable energy finds no buyers

The impact of the coronavirus outbreak on the supply chain has also been cited as a cause of the demand for PPA cancellations.

The investments involved in the stuck projects with combined capacity of 8,000 mw is roughly Rs 36,000 crore at Rs 4.5 crore per MW.

Italian energy utility Snam plans to enter India gas market

Over 31% of SNAM’s shares are held by holding company CDP Reti, which is a JV between Italy’s state-run Cassa Depositi e Prestiti and the State Grid Corporation of China

Snam wants to tap the relatively nascent market of gas for transportation and utilise its technology and equipment for CNG or liquefied-CNG refuelling stations.

JSW forays into wind energy, wins 970 MW projects in Seci auctions

The country has set a target to raise the capacity of installed renewable energy generation plants to 175 GW by the end of 2022. As on July 31, the installed renewable energy capacity was 88 gigawatt.

According to sources, JSW has been awarded the wind project against its quote of Rs 3 per unit.

Dues pile up: After power producers, machine suppliers say UP discoms owe them Rs 2,000 crore

The states discoms owes money even to small transformer repair contractors who have been worst hit by the coronavirus outbreak.

They have pushed some larger suppliers into stopping doing business with UP discoms, industry sources said.

Air Products is eyeing $10 billion investment in India coal gasification projects: Senior V-P

Coal-to-chemicals and coal-to-transportation fuels is a long established business and we have a world leading position in that technology.

Richard Boocock, senior V-P, India commercial business, Air Products

New liquidity infusion scheme: Private power producers say ‘no’ to UP’s demand for discounts

The state has argued that since CPSU power utilities have offered discounts to discoms in the light of the crisis induced by the coronavirus outbreak, IPPs ought to do the same.

NTPC auction: Second lowest solar tariff of Rs 2.43/unit discovered

The country has set a target to raise the capacity of installed renewable energy generation plants from the current level of 87.7 GW to 175 GW by the end of 2022.

PSUs struggle to meet FM Nirmala Sitharaman’s target for capital-spend

This delayed floating of tenders, addressing technical specification issues, transportation of equipment and travel of technical experts.

Sitharaman on July 23 asked select seven CPSEs in aviation, railways and steel to accelerate spending to achieve 50% of their FY21 capex target by the end of September quarter (Q2) to help in the revival of economic activity.

How safeguard duty on solar imports from China benefited domestic suppliers, but hit India

However, with the safeguard duty, the pace of solar capacity addition has decreased from 9.4 GW in FY18 to 6.5 GW and 6.6 GW in FY19 and FY20, respectively.

Of course, China continues to be the largest source of solar cells and panels for India, with imports worth $1.3 billion in FY20.

Thermal plant emissions: Wait for cleaner power may get longer

Given a host of challenges, the government’s 2022 deadline for installation of FGD units at 166 GW coal-based capacities is likely to be missed

In fact, about 75% of these plants are yet to award contracts for the purpose though it takes about 30 months to commission such a project, which reduces sulphur dioxide emissions.
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