Vikas Srivastava

Articles By Vikas Srivastava

241 Articles

IEX sees good demand from cross-border customers

The Indian Energy Exchange traded 6540 MU of electricity volume in May 2021, up 9% y-o-y amidst Covid-19 lockdown as well the cyclonic disturbances that affected the overall power demand in the country.

Refinery throughput cut to 86% of capacity after second Covid wave: N Vijayagopal, director of finance, BPCL

Given such kind of demand destruction, we have reduced the throughput to 86% of the name plate capacity compared to 105% achieved in January-March quarter of 2021.

We were very aggressive in adding retail units over the last two years (FY20 and FY21) given our requirement to capture rural markets which were out of our ambit.

BPCL to cut crude imports from West Asia to 50% from 65%

Bharat Petroleum Corporation (BPCL), a major public sector oil refiner, plans to further reduce its dependence on crude oil from West Asia to 50% from 65% at present as the company plans to increase sourcing from countries in


Renewable energy: Meeting RE target an uphill task

Covid-19 has been the latest reason for capacity addition lacking the required momentum, with 83 GW still to be installed by December next year

Power transmission

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.

shell energy

‘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.

Anil Rawal, CEO of IntelliSmart

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.

N Vijayagopal, director finance, BPCL

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

The company’s entry into production of mobile components comes at a time when the Centre is emphasising on local production of electronic items and has also rolled out a production linked incentive scheme.

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

solar panel

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

Significantly, of the 63.33 million MSMEs in India at present, 63.03 million are micro enterprises.

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.

Banhardih coal block, allocated earlier to the Jharkhand government, is now being developed by Patratu Vidyut Utapadan Nigam Ltd.

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.

We have reached the pre-covid level as far as refining throughput is concerned, buoyed by the pickup in demand for petrol and diesel during the festive season.

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.

Every startup has the option of $100,000 seed investment, which is immediately linked to follow-on capital of $2 billion accessed through a network of nine Venture Capital firms.

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.

This would avoid unnecessary delays and help project developers streamline their project schedules.

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

Cane arrears carried forward from the last marketing year stood at a record Rs 3,500 crore. The Cabinet decision also coincides with the agitation led by farmers in the national Capital against three farm Bills of the Centre.

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.

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.

It is learnt that the Ministry of Power has given BIS certification to few Chinese panels last week, however the uncertainty still prevails among the Chinese manufacturers.

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.

Electric vehicle charging stations delhi ev policy

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.

First Solar, Aatmanirbhar Bharat, solar equipment manufacturing plant, solar plant in india, PV solar assets

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.

Income Tax Calculator, Budget 2019, How to Calculate Income Tax


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