Shell Energy to take part in renewable, gas-based power value chain for grid stability
Shell Energy Asia plans to participate in the power value chain in India to resolve the issues of renewable intermittency by using the idle gas-based power assets.
‘Discoms must use cost-effective model to set up smart meters’
At present India loses around 30% of its power generated due to transmission, distribution, billing generation and collection inefficiencies.
Throughput back to pre-Covid level, further rise to rely on demand: N Vijayagopal, director finance, BPCL
The product cracks in Q3FY21 declined by close to $10 per barrel for petrol and diesel. For Petrol it fell to $2.91 per barrel compared with $8.9/ barrel a year ago.
Coastal Gujarat Power merger with Tata Power by February-end
Over the last 10 years CGPL has made cumulative losses (ex-impairment) of Rs 9,400 crore till FY20 on aggressive bids and adverse coal and currency movement. The tax break is expected to be value accretive for Tata Power as i
French utility EDF sees opportunity in hydrogen fuel, battery storage space in India
Technologies such as hydrogen fuel and battery storage are in mature stages in France, and the company sees great value for them in the process to decarbonise the energy sector in India.
New consumer rights rules may hit rooftop solar capacity addition
Out of the total solar capacity of 36,910 MW, only 3,402 MW currently comes from rooftop solar. The government aims to have 40,000 MW of rooftop solar capacity by 2022.
Solar EPC players hit by spike in input costs, forced to rework contracts
With an over 15-20% increase in raw material prices of steel, copper and aluminum along with a steep 20-25% rise in prices of solar modules, EPC players have been hit hard. With little margins possible under contract terms, m
Rural electrification: Many micro units still out in the cold
More than 40% of such enterprises in four major states make do with diesel to meet their power needs, jacking up operational costs for them
NTPC mulls JV with NIIF to set up renewable InvIT; alliance likely for power distribution business too
The sovereign fund is also expected to be a joint venture partner in the utility’s foray in the power distribution business where NTPC is bidding for the privatisation of union territory discoms.
Rider to old PPA cancellation policy a concern for NTPC
The proposal is also silent on allocation of coal to power plants once they lose the PPA with discoms, which could be a concern for NTPC with which bulk of the old PPAs are signed, they added.
Our throughput at pre-Covid levels: N Vijayagopal, director-finance, BPCL
The refining margins are still subdued due to lower price differential between the refined products and crude oil.
Third Derivative selects 3 Indian startups to fund clean energy technologies
It also has a support structure of nine multinational corporations including Microsoft, AT&T, Shell, BP and banks such as Wells Fargo.
Interview: ‘JSW Cement in talks to raise $200 m by March 2021, to list by December 2022’
The company has undertaken simultaneous expansion of projects at Shiva Cement in Odisha, where it hold 59% stake, and for group-level projects at JSW Cement.
Delay in supply pacts with discoms seen to hit renewable energy projects
SECI is trying to bundle this relatively high cost power with low cost power from other tenders to offer an agreeable price to discoms.
Liquidity for mills: OMCs, sugar mills, banks get into tripartite pacts
Cash-starved sugar mills that produce ethanol are getting into tripartite agreements with oil-marketing companies (OMCs) and banks, which will allow them to get loans on the basis of committed purchases of the bio-fuel by OMC
JSW Energy’s cash flows are robust, conducive for capex: Prashant Jain
JSW Energy has healthy cash flows and balance sheet position and it will be incurring capex towards both the Kuteher HEP and the 810 MW Seci project in the second half of the current fiscal, Prashant Jain, the company’s joi
PFC, REC disburse Rs 23,500 crore to state discoms under liquidity infusion scheme
Uttar Pradesh had sought a loan of about Rs 21,185 crore, Karnataka and Telangana about Rs 7,000 crore each and Rajasthan about Rs 4,000 crore.
PSUs to set up 10GW polysilicon manufacturing capacity to cut solar dependence on China
A senior official from the ministry of new and renewable energy (MNRE) told FE that the Chinese manufacturers have increased the price of wafers that goes into the manufacturing of cells after India increased the production o
BIS norm: Delay in panel supplies from China seen to hit 500 MW solar rooftop projects
The price increase has been in the range of 15%-20% depending on the monocrystalline cells technology used by the developers.
Indian Oil to launch cost-effective aluminium-air batteries for EVs
SSV Ramakumar, Director (R&D) at IOC told Financial Express that the company has initiated discussions with the original equipment manufacturers (OEMs) in the Indian automotive sector.
Lockdown effect: Industries adopt captive solar power to cut costs
Many companies have virtually managed to reduce their electricity cost to as low as the fixed cost, and see the payback on their investments in three-four years, these sources claim.
US-based First Solar mulls setting up manufacturing plant in India
The plan comes close on the heels of the Indian government’s focus on Aatmanirbhar Bharat and declared intent to reduce dependence on Chinese power equipment, sources said.
Private passenger trains: Why a rail regulator is needed to ensure level playing field
With the govt readying to launch private trains on the railway network, demand is growing for a regulator that can streamline operations and ensure parity between different operators.
Tata Power CEO: Target of doubling revenue and tripling profits by 2025 is possible
Now that we have taken a stand that there will be no addition of thermal power capacity, we will examine transmission projects under the Resurgent Power platform.
Exports are key to long-term demand creation: R Ramachandran, director of refineries, BPCL
"Going forward, we will be looking for opportunities to export for higher value creation as and when the market is attractive. On the longer term, we are actively looking at exports as an alternative opportunity for demand cr
Real-time market volume rises 52% month-on-month in July on Indian Energy Exchange
“The shift has already started and we expect at least 50-60% of intraday customers will ultimately shift to the RTM platform,” Bajaj said.
JSW Energy has put on hold all discretionary capex: Prashant Jain, joint MD & CEO
Privatisation of discoms and opening up of commercial coal mining are welcome steps. We will evaluate these opportunities to decide if it fits in our overall risk-return framework.
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Top News
- Covaxin interim efficacy very good, awaiting more data and full results: Dr Gagandeep Kang
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- Google says won't build other web tracking tools after phasing out third-party cookies
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- LTC benefit on life insurance: Confusion prevails over GST rate
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- Govt can make petrol this much cheaper; analysts tell how much excise duty can be easily cut
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