Vikas Srivastava
We’ve decided time not ripe to enter manufacturing, says COO of JSW Energy
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.
Wind energy: Capacity addition likely to rebound after a lean FY18
While wind capacity is expected to rise by 42% this year, a switch to competitive bidding and low tariffs remain challenges for the sector
Compensatory tariffs: Tata Power’s Mundra under-recovery to nearly halve
The under-recoveries at the plant are, however, expected to come down to Rs 0.35/kWh, reducing the annual losses at Mundra by nearly half.
Eclipsing growth: Rupee, safeguard duty negate benefits of drop in panel prices for solar developers
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.
Tapping sunshine: Tata Power aims to grow solar rooftop business four-times in four years
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.
Reliance Power’s market cap falls by 93.3% since IPO
Since January, the stock has lost some 50% in value. Other power stocks such as Tata Power has lost 29%, Adani Power 23.56% and JSW Energy 30.31%.
Why crude oil prices are unlikely to hit $100 per barrel. Top BPCL executive explains
With crude touching $83.30 per bbl and other factors such as supply side squeeze, forecasting will continue in the near term.
Nod for Maha discom’s Rs 20,651-cr revenue gap for FY16-FY20
Maharashtra Electricity Regulatory Commission (MERC) has approved a Rs 20,651-crore net revenue gap for MSEDCL.
Ad Valorem Taxes: Skyrocketing fuel prices add crores to states’ revenue
With VAT levied on ad valorem basis, states’ tax revenue from the two fuels rise in tandem with the increase in their prices.
50% cost reduction eyed: BPCL, HPCL, IOC plan to share pipeline infra to reduce cost
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.
SECI may cut 2.5 GW hybrid project capacity to 1,200 MW
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.
We see growth in conventional vehicles for next 10 years, says MD of Castrol India
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 may issue 2.5 mt coal import tender by mid-September
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.
Solar industry fears dark days ahead: Imposition of duty on import of cells threatens projects, say developers
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 discom’s dues to wind energy firms rise to Rs 2,000 crore
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 tariff falls again to all-time low of Rs 2.44/unit
Solar tariffs once again matched the record-low rate of Rs 2.44/unit in the latest auction for 3,000 MW capacity.
Costly land pushes solar tariff to Rs 3.48/unit for 1 GW auction in UP
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
Maharashtra may auction 2,000 MW solar capacity by August 15
The state's 1,000 MW solar auction in May initially faced troubles, but was eventually completed.
Uttar Pradesh plans reverse auction for over 1,000 MW solar project by July end
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.
600 MW K’taka solar projects stuck over new wheeling, transmission charges
A total of 600 MW solar power projects, set up with investment of Rs 2,500 crore under the open access scheme, in Karnataka.
Another IBC resolution in sight? NTPC to acquire power plants of Jaiprakash Power and Jindal India
NTPC, India’s largest public sector power producer, is planning to acquire two stressed power projects of Jaiprakash Power Ventures and one of Jindal India on a slump sale basis, as the developers failed to service debt and
Government mulls ‘warehousing model’ for 45k MW stressed power assets
There are 45,000 MW of projects that have recently been commissioned, or are on the verge of getting commissioned.
National Wind-Solar Hybrid Policy: Projects to cut cost of renewables by a quarter
The cost reduction would be enabled by nearly doubling the generation at a nominal cost, thanks to reduced variability of output through optimal utilisation of assets, where wind turbines and solar systems will be configured
Govt’s EV Vision 2030 faces big challenges, say experts
Even as the government struggles to set up a clear roadmap for conversion of commercial and passenger vehicles to electric vehicles, various issues pose serious challenges to its vision of 100% electrification of public trans
Bid submission date for 5,000 MW solar projects likely to be extended
The date of submission of bids for 5,000 MW inter-state transmission system (ISTS)-based solar projects (2000 MW and 3000 MW capacity) under the Solar Energy Corporation of India (SECI) is likely to be extended by a couple of
Power-packed: Discoms losing Rs 10k cr/year as coal tolling policy not allowed
Two years since the government allowed flexible utilisation of domestic coal under a tolling policy to reduce costs for generating power, only two states — Gujarat and Maharashtra — have come forward and signed power purc
Solar Power for Agriculture: Sunny days for Maharashtra farmers
The industry thinks the project cost could be lowered if suppliers are charged at 5% even as the erection of inverters and panels and the labour work invite a rate of 18%.
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