The BJP led Uttar Pradesh government, that aims to provide affordable electricity to 1.86 crore unconnected houses by October 2018, has cancelled all the five PPAs (5×90 MW) that the earlier state government had signed with the Bajaj group. The company has moved the court challenging the cancellation. In our May 15, 2017 issue, we […]
Wind power tariffs have plummeted to Rs 2.64 a unit in the second round of auctions held by Solar Energy Corporation of India (SECI). The price bids were opened on October 4, 2017.
The US International Trade Commission’s (USITC) has in unanimous vote concluded that cheap imports are hurting US manufacturers and now it will be submitting its detailed findings & recommendations to the US President, who will take a final call in the matter.
Tamil Nadu has cancelled an auction it held in Jan-Feb 2017 to allot 500 MW of solar projects, because Tamil Nadu Generation and Distribution Co (Tangedco) found the winning bid of Rs 4.40 per unit too high. The discom sent letters to the successful bidders asking them to take back the bank guarantee they had […]
Challenging High Court’s order, MP Power Management Company Ltd, the Madhya Pradesh state owned discom, has appealed to the Supreme Court to quash PPA signed for 51 MW solar power project developed by ReNew Clean Energy Pvt Ltd. The discom had cancelled the ReNew’s PPA due to delay in the procurement of land for the […]
Energy Efficiency Services Ltd (EESL), under the administration of power ministry, will procure 10,000 electric vehicles from Tata Motors Ltd. The company was selected through an international competitive bidding. Tata Motors will now supply the Electric Vehicles (EVs) in two phases.
The directorate general of civil aviation (DGCA) has issued new rules to deal with on-board disruptive and unruly behaviour by passengers which will help in the formation of a national ‘No Fly List’ of unruly passengers. DGCA has revised the relevant sections of the Civil Aviation Requirement (CAR) to bring in a deterrent for passengers […]
On September 5, 2017, the Prime Minister Narendra Modi arrived in Nay Pyi Taw on his first bilateral visit to Myanmar to chart out a roadmap for closer cooperation. The very next day, on September 6, a Rs 1,177 cr construction and maintenance of road contract funded by India for the Yagyi-Kalewa section in Myanmar […]
Cases of over-invoicing in the energy sector have become rampant. Government’s own agency – Directorate of Revenue Intelligence (DRI) – in its various investigation reports has unearthed massive scam in which several private companies have siphoned away several thousand crores of rupees abroad. Most of these over-invoicing instances have been reported from the power sector, […]
ICRA expects aggregate domestic coal demand growth to witness a structural slowdown on the back of government’s large renewable energy capacity addition plans. Government’s renewable plan includes taking the capacity to 175,000 MW by 2022 from the current capacity of around 58,300 MW.
The solar power tariffs discovered through bidding have recently come down to the level of Rs 2.44/ kWh in May 2017 for Bhadla Solar project in Rajasthan. The details of solar power tariffs discovered during the last five years in the country are given in
The news on the Ujjwal Discom Assurance Yojana (UDAY) is a mixed bag. On the positive side, the financial metrics of state discoms improved in nine months of FY17, with their interest cost burden falling to 8.5 pc, as against 13 pc earlier.
