Vikas Srivastava

Articles By Vikas Srivastava

132 Articles

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

Industry News

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.

government, warehousing model, stressed power assets, NTPC News

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

The recently unveiled National Wind-Solar Hybrid Policy will help the country meet the target of 175 Gw renewable energy capacity by 2022 (up from 69 Gw now), by cutting generation costs by a quarter, analysts said. News

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

india, south america, electronic vehicles, EV, Ev in india, EV vision News

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

Solar projects, Narendra Modi, funds, economy, electricity, climate change, solar power, solar plant, solar industry, solar sector News

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

power sector, pfc, RECL, power financers News

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%.

solar power, agriculture, maharashtra farmer, maharashtra govt News

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

solar, solar power, solar policy, Manohar Parrikar, solar policy, Solar Power Policy, Joint Electricity Regulatory Commission, solar power generation plant News

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.

People close to the development told FE that the financial closure for Rs 13,250 crore was achieved through a consortium of banks led by State Bank of India (SBI). News

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,

PSU, Shell India, CAGR, Shell India Markets, OEM News

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).

fuel, india, essar, RIL News

KEC eyes West Asia solar EPC projects as India orders dry up

KEC International, a major EPC player in the power sector, is planning to shift the focus of its solar power division to projects tendered in West Asia as prospects for solar projects dry up in India.

KEC International, EPC, EPC project, west asia, west asia, india News

World leader shows interest in India’s first ISTS Solar Projects

First Solar India, the Indian subsidiary of world’s largest solar panel manufacturer First Solar, plans to participate in India’s first inter-state transmission system (ISTS) bids for projects being invited by Solar Energ

ISTS solar projects, solar energy, solar sector, ntpc News

Coal shortage may impact power generation even as demand rises

According to the data, there are 11 plants with critical stocks of less than seven days, while 14 plants have a super-critical stock of less than 4 days.

coal shortage, power generation, power plant News

Essel Infra in talks to sell 3 solar projects

Essel Infraprojects, part of Subhash Chandra-led Essel Group, is in talks with various renewable energy players to sell three of its six solar projects with an aggregate capacity of about 215 mw, even as the company plans to

solara industry, solar power plant, solar sector News

Waaree to set up 1,000 centres for solar solutions

In a first-of-its-kind initiative to support the government’s efforts in achieving its ambitious solar power generation target of 100 gigawatt (GW) by 2022, Waaree Energies plans to open around 1,000 solar experience centre

Waaree Energies, solar power generation, solar power, solar solutions News

Gas-based power plants: Future of Rs 60000 cr gas projects in jeopardy

In the nine years since natural gas was first discovered in the KG-D6 basin, the talk of priority allocation of natural gas for the power sector and 40% of India’s gas requirements being met from a single field has proven t

natural gas, power sector, gas requirement, petrochemicals, refining News

‘Companies must adopt Industry 4.0’

Even as the government aims to increase the manufacturing sector’s contribution to 25% of GDP by 2025 from the existing 17%, the progress in the last two years has belied expectations.

US, aluminium tariff, steel tariff, donald trump, Indian aluminium industry, News

Mahanagar Gas plans mobile CNG services in Mumbai

Mahanagar Gas is planning to start mobile dispensing of CNG in Mumbai this year, especially in regions with last-mile connectivity issues and problems of land acquisition.

Mahanagar Gas, Mumbai, Rajeev Mathur, CNG stations,  pipeline connectivity, news on Mahanagar Gas News

Petronet plans 20 LNG stations for buses from state roadways

Petronet LNG has planned to launch around 20 LNG fuel stations on a 4,000-km route running from Delhi to Thiruvananthapuram as part of its larger scheme in association with oil marketing companies and state roadways of Rajast

Petronet LNG, Prabhat Singh, Gujarat, LNG vehicles, Paris Convention, india, Delhi, Thiruvananthapuram News

Private players expect commercial coal mining to offer operational flexibility

The much awaited Cabinet nod for auctioning of coal mines for commercial use by private players will provide operational flexibility to coal consumers — predominantly power, metals and cement producers — who have been mos

coal mining, commercial coal mining, public sector,  Goliath Coal India, CLP India, Supreme Court of India, coal mines, Anil Agarwal, Vedanta Group News

DMICDC to award Rs 10k-cr logistic hubs in UP & Haryana by June

The Delhi Mumbai Industrial Corridor and Development Corporation (DMICDC), after successfully awarding more than Rs 15,000-crore packages in the first phase of construction in Maharashtra, Gujarat and Greater Noida, is in an

DMICDC, Uttar Pradesh, Haryana, Greater Noida, Shendra Bidkin, Maharashtra, Dholera News

IL&FS Energy looks to buy 150 MW solar assets

IL&FS Energy Development Company, involved in setting up of solar parks in public private partnership (PPP) with state governments, is looking at acquiring close to 150 MW of solar assets, and it has initially zeroed in on 9

IL&FS Energy , solar assets, solar energy News

Wind Turbines: Over 3,000 MW capacity rots for want of servicing

The decade-long fight between Enercon GmBH and its Indian arm, Wind World India, is proving to be a serious issue for the wind energy sector, as turbines with over 3,000 MW capacity have become near non-functional for want of

Enercon, Wind turbines, Indian arm, Wind World India News

Tolling policy: GMR restarts Chhattisgarh power plant

In what could pave the way for other stressed power plants, GMR Chhattisgarh Energy, a subsidiary of GMR Infrastructure, has restarted operations at its thermal power plant in the state to supply 500 MW of power to Gujarat U

GMR Chattisgarh Energy, GMR infrastructure, Gujarat Urja Vikas Nigam, Gujarat Electricity Regulatory Commission News

ReNew Power is key contender for Iron Triangle’s solar assets

Inorganic moves in the renewable segment are picking up pace, with the latest target being Iron Triangle (earlier Backbone Enterprises), which has a 20 megawatt (MW) solar power capacity in Gujarat.

ReNew Power, Iron Triangle, Iron Triangle solar assets, JERA, japan, Suzlon Energy, Gujarat government policy, Bhupendra Kumar Panchani, rajkot, Goldman Sachs News

UP to invite bids for 100 MW solar power projects in March

Encouraged by the successful implementation of solar projects in states like Karnataka and Gujarat, the Uttar Pradesh government led by chief minister Yogi Adityanath is planning to invite bids for 100 MW of solar power proje

solar power projects in up, solar power projects in uttar pradesh, yogi adityanath News