Vikas Srivastava

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 and a depreciating rupee.
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, from 17% a year ago. MSEDCL’s dues had dropped to Rs 440 crore in August 2017 after it reached a high of around Rs 3,000 crore in early 2017.
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 region.
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 are now before the National Company Law Tribunal (NCLT).
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 at the same grid connection points.
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 transport and 40% of personal mobility by 2030.
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 weeks.
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 purchase agreements.
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%.
Financial & Assorted Concessions: Sops for local production in new solar policy

In a move that could brighten the prospect for domestic solar equipment manufacturers, who are in the throes of fighting cheaper Chinese imports, the government is set to finalise a comprehensive solar manufacturing policy by the end of July.
Adani Transmission ties up Rs 13,250 crore of funds to buy Reliance Infrastructure assets

Gautam Adani-led Adani Transmission has achieved financial closure for the purchase of Reliance Infrastructure’s power generation and distribution business in Mumbai.
We are at the top globally, our ambition is to become no.1 in India, says Mansi Tripathi of Shell India Markets

Despite the competition from price-sensitive regional players and dominant PSUs, Shell India has grown at a CAGR of 20% in the last 5 years, and with aggressive expansion plans the momentum will continue in the coming years, Mansi Tripathi, managing director, Shell India Markets, told Vikas Srivastava during an exclusive interview. Excerpts:
Fuel retail: RIL, Essar ramp up presence

The low share of private firms in retailing is despite their substantial share in the country’s refining capacity and production (RIL and Essar together have close to 45% of the refinery throughput right now).

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