IPPs seek stricter rules to ensure quicker payments from discoms
The disputed amount for central government owned power plants stood at Rs 4,220.3 cr while for private power producers, the same was much higher at Rs 19,312.7 cr.
Fuel-stocking norms for power plants made more flexible
Designed by the CEA, these norms allow lower fuel stocks during the periods of low demand and mandate larger inventories during high-demand seasons.
Budget wish-list: Oil producers seek tax sops to raise domestic output
The exemption was available to the sector from March, 2012 till the introduction of GST on June 30, 2017.
Adani, Tata Power, ReNew to benefit: Solar PLI outlay to be hiked to Rs 19,500 crore
Both MNRE and the ministry of electronics and information technology (MeitY) had sought additional funding for the PLI schemes under their respective ministries, over and above their initial outlays.
Rising fuel prices- Small is big: How the ‘Chhotu’ LPG cylinder became a bestseller
To encourage regular refill, a swap option from the standard 14.2 kg connections to 5 kg connections was offered to Pradhan Mantri Ujjwala Yojana (PMUY) consumers.
No transmission charge waiver for green power projects from July 2028
Power from projects commissioned in the next one-year period will be liable to pay 50% ISTS charges, and electricity from renewable energy plants coming online between July 1, 2027 and June 30, 2028 will attract 75% ISTS char
Coal gasification: Ministry proposes tax sops for syngas tech; 15% methanol blending with petrol
The mission document, reviewed by FE, pointed out that if levies such as GST compensation cess and additional duties on coal are removed, the tentative reduction on aggregate price of methanol may be in the range of Rs 1,450-
Glasgow pact: Significant leeway on coal, but climate funding unresolved
Coal is the mainstay of India’s energy mix and will remain so for a few more decades, even as its share in the mix will markedly plunge with the renewable energy and benign fuels like hydrogen set to made rapid strides.
Government updates list of approved solar module makers
The government had earlier mandated that all solar projects bid out after April 10 under central government schemes will have to use equipment from ALMM-listed entities.
Green push: Reliance New Energy Solar, two others win Rs 4,500-crore solar PLI
Taken together, these companies will set up around 12,000 megawatt (MW) of manufacturing capacities under the scheme, and receive a combined incentive of Rs 4,500 crore.
‘Automatic Pass-through Model’: State discoms to pay higher power tariffs if fuel costs spike
The move is seen to cut the delays traditionally seen in the process of vetting power costs and improve the liquidity position of power generators.
BPCL sale: Bidders worried as financial bids ‘delayed’
Any delay in invitation of the financial bids could also derail the government’s disinvestment target for FY22, as such “large deals involving big investments can take 4-5 months for completion,” the source pointed out.
Charged up: Central public sector enterprises, private firms quicken EV infra plans
Tata Power currently runs 878 public EV charging points, and aims to have more than 1 lakh such charging points by FY25-end. The company is mainly pursuing three channels to materialse its EV charging ambitions: home charging
Govt wants ONGC to divest 60% in Mumbai offshore assets
Discovered in 1974, Mumbai High is currently the biggest oil field under production in the country, holding 13.27 billion barrels of oil and expected to be in operation till 2040.
Solar industry fears Punjab PPA renegotiation
According to sources, the Punjab Electricity Development Agency had met officials from major renewable energy players on October 29 with the agenda to discuss the prospects of tariff reduction.
Captive coal output rises 35% in H1 as Coal India falters
Though captive coal still constitutes only 10.5% of the total domestic coal production, recent steps by the government such as allowing sale of 50% captive coal in the open market will likely encourage these miners to ramp up
Zero-tolerance policy: NTPC threatens to cut power supply to defaulters UP and MP
If immediate arrangements are not made, both the states could lose 2,793 MW and 2,430 MW of power supply, respectively, from several NTPC power plants.
Aluminium industry flags coal crisis to PMO, warns of risk to a million jobs
The government had stated earlier that around 0.3 MT of coal is being supplied to the non-power sectors such as aluminium, cement and steel to meet their demand on a daily basis.
Rs 4,500-crore scheme: Solar PLI: 16 companies make the cut
Ministry seeks additional outlay of Rs 18,000 crore
Coal crisis: Private gencos ask govt for penalty mechanism for short supply of fuel
Currently, IPPs have to make full payments for coal in advance, while there is no penalty for coal companies, including Coal India (CIL) and the railways, if the desired quantity and quality of coal does not reach private gen
NTPC threatens to end pact with Tata Power over delays
NTPC is a major client of Tata Power Solar with a significant portfolio of EPC projects from the CPSE ongoing at sites in Gujarat, Kerala and elsewhere.
Skyrocketing LNG prices inflate industrial costs, consumers to bear the brunt
Also, since most of the LNG imports are carried out under long-term contracts at predetermined prices, the surge in end-prices in the country are much lower than the rise recorded in global spot prices.
Other industries face coal shortage as power units get supply preference
To supply more fuel to power plants, Coal India subsidiary South Eastern Coalfields (SECL) has suspended supplies to non-power users since October 12.
Govt nudges states to step up coal imports
The government recently said Maharashtra, Rajasthan, Tamil Nadu, Uttar Pradesh and Madhya Pradesh have legacy issues of heavy dues of coal companies.
Coal supply: Plans afoot to relieve rainy woes
State-run coal miners are spending Rs 15,000 crore on first mile connectivity, aiming to provide user industries adequate fuel, especially in rainy season
Coal shortage: States seek Centre’s support to tide over looming power crisis
Amid rising demand and low coal stocks in its power plants, the state has been purchasing around 45 million unit (MU) of power from the spot market exchanges where electricity prices have risen from around Rs 4.6/unit in mid-
Open access will boost renewable energy capacity addition: Pinaki Bhattacharyya, MD and CEO of Amp Energy India
The government can help by exempting such players from paying the BCD. The outlook for these projects to find buyers is very positive.
Advertisement
US Stock Market
View All- US stock futures rally as traders take Powell’s ‘Time to retire the word Transitory’ remark in their stride
- U.S. stock investors ‘willing to be patient’ with Omicron, RBC survey shows
- Cybersecurity ETFs to consider amidst increasing threat from Internet crimes
- Stocks rise as U.S. growth outweighs cautious mood
- US Stocks rise amid gains in cyclicals while technology stocks fall
Most Read
- Covid-19 Vaccine Certificate: Here’s how to download it from CoWin portal, Aarogya Setu app
- Coronavirus (Covid-19) November 30 Highlights: Delhi govt ready to tackle any situation, assures Arvind Kejriwal; 3000 oxygen beds arranged
- Share Market Highlights: Sensex soars 619 pts to end at 57,684, Nifty 50 index closes at 17,166; Banks, RIL surge
- Cryptocurrency Bill 2021: New crypto bill to be introduced in Parliament after Cabinet approval
- Asteroid bigger than Taj Mahal racing towards Earth today; here's what NASA says
- Coronavirus (Covid-19) India News LIVE: Zydus Cadila's Covid vaccine ZyCoV-D to be used in these 7 states initially; check details
- Bank officers' union launches nationwide movement against privatisation
- SGB vs Physical Gold: What makes Sovereign Gold Bond a preferred choice?
- Indian Railways rolls out first-ever 3 Phase MEMU rake! Check out all salient features here
- Indian Bank reports fraud of over Rs 33cr to RBI
Advertisement
Top News
- Complete ban on private cryptocurrencies recommended: What in store for crypto investors?
- Corona LIVE: Zydus Cadila’s Covid vaccine ZyCoV-D to be used in these 7 states initially; check details
- Public capex turns the corner; Central spending seen jumping 12% over pre-pandemic level: Report
- For first time, Indian Railways Eastern zone installs solar panels embedded roof over platform shelters; details
- Swiggy to invest USD 700 million in express grossery service Instamart
- How different is individual health insurance from family floater and critical illness plan?
- Indian Navy, INS Visakhapatnam and the debate about Indigenization
- Indian Railways introduces 8 additional AC local trains for Mumbai commuters' convenience; See timings, halts
- Qualcomm Snapdragon 8cx Gen 3, world's first 5nm chip for Windows laptops launched with big push on 5G and AI
- Upcoming Cars in India in December 2021: Celerio CNG, Tiguan, BMW iX, and more
Advertisement
