Power articles

Modi government flagship Saubhagya scheme achieves 95% target; universal electricity access close to reality

Achieving 100% electrification in India has always been a prime focus area of the government, considering the development objectives such a step can secure and support. The last few decades have seen both the central and state governments put in the effort and resources to augment electricity access, especially in rural India, by initiating a

Moody’s lowers Ireda rating outlook on rising ‘problem assets’

Deteriorating financial performance due to an increase in “problem assets” has driven Moody’s to downgrade outlook for Indian Renewable Energy Development Agency (Ireda). If the weak financial performance lasts over the next 12-18 months, it might also compromise Ireda’s baseline credit assessment of ba3 – the agency’s long-term bond rating, it said.

Analyst Corner: EEI index volume rises 19% Y-o-Y in first half of FY19

The Electrical Equipment Industry (EEI) index volume increased by 19% YoY over H1FY19, according to the Indian Electrical & Electronics Manufacturers’ Association (IEEMA). This is the highest growth registered in the past five years. Strong growth was driven by industries, such as energy meters, cables & wires, transformers, capacitators and switchgear. EEI growth in Q2FY19

Solar projects: Power ministry government tightens timelines

With frequent bid cancellations threatening to upset the solar capacity addition target, the power ministry has tightened the timelines for developers setting up solar projects. In its latest amendments to the guidelines for tariff-based competitive bidding of solar projects, the government lowered the time periods available to developers for submitting bids, making financial arrangements and

Uday scheme: Modi government may miss target due to states’ non-compliance

With the chances of meeting the UDAY target to limit the aggregate technical and commercial (AT&C) losses of electricity distribution companies (discoms) to under 15% by FY19-end virtually nil, the government has cited factors such as inadequate hikes in power tariffs, incremental rise in ‘open access’ transactions and outstanding dues accumulating from state government departments

Analyst Corner: ‘Neutral’ rating on Tata Power with TP of Rs 72

After about a year-long competitive bidding process, BEST DISCOM found it economical to extend the existing PPA with Tata Power’s Trombay and hydro power plants due to transmission constraints in Mumbai. Mumbai distribution circle relies heavily on embedded generation. There are limitations in sourcing power from outside Mumbai. The PPA (for 676MW) is extended by