Anupam Chatterjee

Articles By Anupam Chatterjee

266 Articles

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

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.

Economy News

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.

Economy News

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

Prepaid electricity meter,  electricity meter, economy news, discom, Prepaid electricity, power bill,  News

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.

public sector power generators india, NTPC, dues on discoms in india, NLC India, THDC India, NHPC, Damodar Valley Corporation, Adani Power, Bajaj Group owned Lalitpur Power Generation Company Ltd, GMR News

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".

public sector power generators india, NTPC, dues on discoms in india, NLC India, THDC India, NHPC, Damodar Valley Corporation, Adani Power, Bajaj Group owned Lalitpur Power Generation Company Ltd, GMR News

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.

Economy News

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.

Industry News

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.

NHPC, Lanco, Teesta-6 hydro project, NHPC, RK Singh, Hydro power producers, HUDCO News

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

Andhra Pradesh, Uttar Pradesh, PPA, renewable power units, PPA tariff, SECI, Narendra Modi, APERC News

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.

Also, for coal blocks allocated by the central government, the coal ministry is also exploring the possibility of doing away the requirement of separate mining lease from state governments. News

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.

NTPC,NTPC rating, NTPC surcharge income, NTPC buy, market news, discom, coal News

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.

Telangana, Telangana power regulator, sector stress, power sector, Electricity Act, economy news, TSERC, Telangana State Electricity Regulatory Commission, Telangana State Electricity, Telangana energy department  News

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.

Letter of credit system, discom, Power Minister, RK Singh, economy news, renewable energy, renewable energy projects,  News

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.

Saudi Arabia, Saudi Arabia oil crisis, India, crude production, oil processing, Impact on india News

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.

Discoms face cash-flow issues because they do not receive subsidies from the states on time and the state electricity regulators raise consumer tariffs infrequently and inadequately, leading to under-recoveries News

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

Floating solar power, renewable energy, india water resources, floating solar plants, Damodar Valley, hydroelectric dams, Vikram Solar News

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

Cairn,Barmer oil fields, Cairn Oil and Gas, Vedanta, Aishwarya oil fields, barmer district, Rajasthan News

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”.

Economy News

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.

fdi, retail, coal, digital media, single brand retailers, fdi norms eases, 100% fdi, automatic route News

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.

Economy News

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

Debt servicing, tax cut, tax, corporate tax, power plant, economy news, Adani Tiroda, GMR Kamalanga, GVK Goindwal Sahib, KSK Mahanadi  News
Advertisement
Income Tax Calculator, Budget 2019, How to Calculate Income Tax

 

Stock Market

Advertisement
Advertisement