Anupam Chatterjee

Articles By Anupam Chatterjee

364 Articles

Declining coal prices: Gujarat revokes PPA relief to power units

Now, after taking into account the fall in global coal prices, the state will revise the terms and conditions of the PPAs in new supplementary agreements, where the tariff calculation will be done on the basis of fresh parame

“Pending the decision in the proceedings, as at present, the energy charges in respect of Adani will be considered on provisional basis,” Gujarat’s latest resolution stated.

Solar manufacturers do not want pass-through of planned basic customs duty

“To help domestic manufacturers, 50% duty should be imposed immediately without a pass through given to developers,” Hitesh Doshi, chairman, all India Solar Industries Association, said.

Sector veterans said that even after a 25% safeguard duty on import of solar panels in July 2018, about 50% of the domestic manufacturing capacity currently remain unutilised.

Delayed subsidy, poor billing inflated discom losses in FY19

According to the latest report, state governments released 89.4% of the subsidy booked by their respective discoms, significantly lower than the 95.6% disbursed in FY18.

The worst performer in this regard wase Andhra Pradesh, which released only Rs 1,250 crore against the subsidy claim of Rs 6,052 crore made in the fiscal.

Discom drama: Audited losses double, back to pre-Uday levels

To revive discoms, the Centre is currently planning to introduce a new scheme which aims to cut AT&C losses to pan-India levels of 12-15% and eliminate ACS-ARR gaps by FY25.

Gas-based power plants seek to bid under renewable bundling scheme

According to industry sources, about Rs 50,000 crore of investments in gas-based power projects are in the doldrums due to the policy lacuna.

Awareness of protection products is getting tailwind: Prashant Tripathy, MD & CEO, Max Life Insurance

Consumers are banking on life insurers for assurance in times of uncertainty, and we will, therefore, be rolling out solutions and specific product offerings around protection to cater to changing needs during such tough time

Maruti Suzuki aims to sell 1.4 lakh CNG cars this fiscal: Believes diesel cars becoming unattractive

Maruti Suzuki CNG car line up at present includes Alto, WagonR, Eeco, Tour S, Ertiga and Super Carry. The numbers in terms of sales for diesel cars have been coming down with the rise in fuel prices and people are no longer f

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Biggest economic retaliation step! India puts complete ban on import of power equipment from China

Power minister RK Singh on Friday said a complete ban will be in place forthwith on import of power equipment from the neighbouring country.

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China equipment ban: Power plants seen missing emission cut deadlines again

About 14,000 MW of power plants around the national capital region have already missed the first deadline of installing FGDs by December 2019.

Tata Power to raise Rs 2,600 crore from Tata Sons to de-leverage its balance sheet

Tata Power is also teaming up with Tata Motors and other automakers to build charging stations for electric vehicles and hopes to grow the business from nine cities.

Fresh auction: Solar tariff hits new low of Rs 2.36/unit

The renewable energy industry is one of the major FDI earners with the sector attracting $4.8 billion foreign capital till 2019 end since FY15.

The auction had received a positive response from investors with SECI receiving bids of about 4,800 MW for the tender.

Centre revises list of commercial coal mines

The government on June 18 had launched the maiden auction for coal blocks, where private players can participate without any end-use restrictions.

The government expects positive industry response for the auctions as it believes it is offering attractive mines and also incentivising gasification, coal bed methane and liquefaction.

Why most discoms are yet to get state govt nod for PFC-REC loans

Maharashtra discoms have already been sanctioned Rs 2,500 crore as the first tranche of loans which are designed to be disbursed in two equal halves.

Funding to discoms under the Atmanirbhar Bharat package would be done in two tranches of Rs 45,000 crore each, both special long-term transition loans of tenures up to 10 years.

States, PSUs back off from Chinese contracts; new orders also scarce as India calls for China boycott

Even though a holistic ‘Boycott China’ policy could boomerang, select deals with Chinese firms repealed, more to follow.

India received FDI inflows of $470 billion, but China’s share in this was just $2.4 billion.

Solar cells import may get costlier; govt pushes domestic buying amid India-China clash

People aware of the development told FE that the MNRE will soon be sending its recommendations to the finance ministry, suggesting levying 20% BCD on imports of solar cells and panels.

The duty will progressively be increased to 30% and 40%, one of the sources said.

Boycotting China is easier said than done: Why customers will be at losing end in bid to tame Dragon

Of course, with structural reforms and appropriate policy interventions in areas ranging from pharmaceuticals to mobile and auto parts, the domestic industry can build capacity, but that will be a longer term proposition.

Charging Up: Impressive beginning for real-time power market

The RTM system provides more operational flexibility to thermal power producers, who can sell additional power in the spot market when power distribution companies (discoms) procure lower volumes of electricity than what was

“The Union power ministry is trying to push through the draft amendments and acting against the spirit of democratic functioning without prior discussions as per the spirit of democratic functioning,” the letter said.

Power Point: UPSC engineers up in arms over new posting policy

In a letter written to power secretary Sanjiv Nandan Sahai, the Central Water and Power Engineering Services Association (CWPESA) has pointed that these engineers are recruited through the Union Public Service Commission (UPS

Govt aims to complete privatisation of UT discoms by January 2021

Efforts would also be made to privatise a number of discoms in major states such as Uttar Pradesh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Jharkhand and Assam

power demand, POSOCO, electricity consumption

Delhi govt seeks Centre’s guarantee for discom loan package

The Delhi power department had earlier decided to use 50% of the subsidy that it owes to the national capital’s private discoms to clear the latters’ due to the state-run power stations.

EESL in talks with discoms to implement solar plants-LED lights-pump sets package

EESL is a joint venture of NTPC, Power Finance Corporation, Rural Electrification Corporation and Power Grid Corporation of India. It was set up under the Union ministry of power to facilitate the implementation of energy-eff

New PPA after 5 years: Madhya Pradesh approves pact with Adani Power

After a hiatus of five years, a new long-term power purchase agreement (PPA) for thermal power has been finalised, with the regulator of Madhya Pradhesh approving the 25-year contract signed between Pench Thermal Energy (MP),

According to sources, Adani Power quoted the lowest bid of Rs 4.79/unit (Rs 2.90/unit as fixed charge and Rs 1.89/unit variable charge), outbidding JSW Energy and MB Power.

NTPC keen to buy Reliance Infra’s Delhi discoms

Reliance Infrastructure had sold its Mumbai discom business to Adani Transmission in 2018 for Rs 18,800 crore, which helped the company reduce its debt by Rs 13,800 crore.

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OMCs’ profits seen diving 88% to Rs 3,600 crore in FY20

Analysts expect these firms’ profits to remain lower than FY19 levels, in both FY21 and FY22, due to muted marketing margins and stagnant volumes.

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Power shock: UDAY scheme fared even worse?

PFC says discoms' FY18 losses were double the level reported, at Rs 33,365 cr

Discoms in Delhi and West Bengal also recorded negative ACS-ARR gap though they were not part of the UDAY scheme.

States’ borrowing leeway linked to power reforms

Though the final framework of the prescribed reforms have not been finalised yet, the Centre is likely to direct states to reduce AT&C losses through improvement of the discoms’ corporate governance.

he agency expects PFC’s tangible common equity/tangible managed asset (TCE ratio) to fall by about 90 basis points if added to its balance sheet.

Centre to privatise power discoms in UTs

Currently, roughly 35% of the power being consumed in the country are paid for by the consumers as government subsidies galore, while the release of these get delayed.

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