The second round of coal auction under the Shakti-B scheme may see far fewer bidders than the first one held in 2017 because of an exclusion criterion. Analysts see power utilities with combined capacity of 407 MW could place
ArcelorMittal has offered lenders Rs 4,800 crore for Essar’s 2x600 MW Mahan thermal power project in Madhya Pradesh, surpassing the Essar promoters' one-time settlement offer of Rs 3,500 crore
The participation of Avantha Group will however depend on the bankers’ valuation of the plant, and at an estimated cost of Rs 3-3.5 crore/MW, it could be valued at Rs 2,100 crore, a source said.
NLC’s chairman and managing director Rakesh Kumar told FE that unlike its UP unit, which has power purchase agreements with UP discoms and will run on domestic coal, there is uncertainty over the Cuddalore unit’s PPAs.
The reduction of annual solar capacity target by China to 30 GW from 55 GW, against the manufacturing target of 115 GW, has created surplus of almost 80 GW in China which they started dumping in countries like India.
The falling rupee and the imposition of safeguard duty have increased the cost of solar panels for Indian developers by 20-25% since June this year, negating the benefits of a 30% fall in panel prices during the period.
Commercial and industrial building owners have shown more enthusiasm as their large power bills justify the expense of solar power systems, even though they get no subsidy.
The three oil companies have prepared a white paper after an industry-wide consultation which allows them to go ahead with sharing of infrastructure wherever it makes a commercial sense.
The Solar Energy Corporation of India is likely to revise downwards its 2,500 MW wind-solar hybrid project tendered in June to 1,200 MW, as evacuation-related challenges continue to affect the sector.
Castrol India, manufacturer of lubricants, sees a volatile second quarter (July-September) as base oil prices and additives, which are used for manufacturing lubricants, are on a rising trend due to rising crude oil prices a
NTPC is planning to issue a tender for import of 2.5 million tonne of coal by mid-September to cater to the growing power demand in the country. The PSU last imported coal three years ago.
The notification includes solar cells and modules made in SEZs and cleared to domestic tariff area (DTA). Significantly, 40% of module and 60% of cell manufacturing units are located in SEZs.
Maharashtra State Electricity Distribution Company’s (MSEDCL’s) dues to wind energy firms have risen to Rs 2,000 crore on account of poor recovery from customers even as its distribution losses got reduced to 13% in FY18,
Solar tariffs jumped to Rs 3.48 per unit at the latest auctions for 1,000 MW, conducted by the Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA), on account of higher land costs and lower irradiance in the re
Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) plans to conduct reverse auction for its first large solar project of over 1,000 MW capacity by July end.
