Category: Editorial

OMCs have invited EoI for supplying compressed biogas (CBG) to their retail outlets from plants processing biomass and waste. The schedule has been announced till Mar 31, 2019. EoIs will be issued every month, it is an ongoing empanelment and the chosen applicant will be informed after an online evaluation process. For implementing this scheme, […]

The Supreme Court judgment of April 11, 2017 had ruled against force majeure claims of gencos on the change in law in Indonesia on imported coal. But, it allowed compensations in case of change in the Indian laws. That means the demand of tariff hike on imported coal was dismissed. The gencos involved are: Adani, […]

The Reserve Bank of India’s circular of February 12, 2018 is under attack. The circular directs all the lenders to identify incipient stress in loan accounts, immediately on default, by classifying stressed assets as special mention accounts (SMA) under three categories depending upon number of default days ie 1 to 90 days. The private power […]

PwC has presented a debt report on the Adani group to the State Bank of India. The report, all of 111 pages is as alarming as its volume. The Adani group’s total outside liability as on March 31, 2017 stands at a mindboggling Rs 126,354 crore. Outside liability means short-term, long-term borrowings and debt to […]

CERC has issued a consultation paper that would determine terms and conditions of tariff regulations for the next five years, the duration of April 1, 2019 to March 31, 2024. Stakeholders are to respond by July 15, 2018. The paper should have shown more effort and exactitude regarding the pressing problems of the sector – […]

This issue is entirely dedicated to exposing financial frauds committed by private companies. The Kochhars saga has been divided into three parts. In Part-1, we have established the fact that Mahesh Chandra Punglia is one of the Name Lenders being used by Venugopal Dhoot for his clandestine operations. Deepak Kochhar’s claim that Rs 64 crore […]

“yad yad ācharati śhreṣhṭhas tat tad evetaro janaḥ sa yat pramāṇaṁ kurute lokas tad anuvartate”  Chapter III, Verse 21, The Bhagavad Gita Karma Yoga or The Yoga of Action  Whatever the superior person does, that is also followed by others; what standard he or she demonstrates by action, people follow that. This is what Krishna […]

In a big reform in the coal sector, the cabinet on Feb 20, 2018 allowed private players to commercially mine coal and sell it in the market without any restrictions on price and end-use. They can sell within India and/or export it. With this, the government aims to cut imports, create local jobs, bring efficiency, […]

The allocations in Budget 2018-19 for flagship welfare projects in power infrastructure will boost the demand for power and is expected to have an overall good impact for the sector. Rs 3,800 crore has been allocated for Deendayal Upadhayaya Gram Jyoti Yojna (DUGJY) and Rs 4,900 crore for Integrated Power Development Scheme (IPDS). The government […]

In its policy evaluations on solar, MNRE had noted that the absence of assured business is creating obsolescence of existing capacities, a preponderance of downstream products (modules), an absence of the upstream chain in manufacturing in India. Stiff competition from Chinese imports, have bled domestic units and DCR has been edged out of private developer […]

The Haryana government is buying hyper expensive power. A total of 303 MW from three projects of two private developers, DANS (193 MW) and Gati (110 MW) will be bought at a levelised price of Rs 4.66/unit. These are hydro power projects located in Sikkim so a lot would have to be expended in transmission […]

Supreme Court’s October 5 judgment is a big blow to the electricity consumers in the entire country while the impact will be immediately felt in Punjab. The judgment against Punjab disocm has allowed L&T, which operates a 1,400 MW thermal power plant at Nabha, a higher tariff than what they had quoted in their bids. […]