Fitch assigns investment grade rating to NTPC’s proposed notes

Fitch Ratings Friday said that it has assigned BBB-(EXP), an investment grade rating, to NTPC’s proposed senior unsecured notes. The proposed notes are to be issued out of the company’s USD 6 billion medium-term note programme and are rated at the same level as the NTPC’s senior unsecured rating, as they will constitute its direct, […]

PFC acquires govt stake in REC for Rs 14,500 crore

State-owned Power Finance Corporation Limited (PFC) has acquired the Centre’s 52.63% paid-up share capital in Rural Electrification Corporation (REC) Limited for Rs 14,500 crore. “PFC has today signed a Share Purchase Agreement to acquire 103.94 crore equity shares of Rs 10/- each, of REC Limited from the President of India constituting 52.63% of the paid-up […]

Tata Power SED bags Rs 1,200 cr contract from defence ministry

Tata Power Strategic Engineering Division (SED) has bagged a Rs 1,200 crore contract from the defence ministry for supply of ship-borne 3D Air Surveillance Radars. Tata Power SED has signed a deal with the Ministry of Defence to supply 23 ship-borne 3D Air Surveillance Radars to the Indian Navy over the next 10 years, a […]

Qatar to launch largest energy bank with $10 bn

Qatar will launch the world’s largest energy bank with a capital of $10 billion in 2019, an official of the new bank said. The move comes in the context of a fast-growing energy sector in Qatar, which plans to expand the capacity of annual production of liquefied natural gas (LNG) to 110 million tonnes by […]

Sri Lanka to develop 28 small solar power projects

Sri Lanka will develop 28 small solar power projects in its north-central and eastern regions. The proposal was recently approved by the Cabinet of Ministers who gave consent to the development of 28 solar power projects from 28 investors in the island nation. The tariff for power generated from these projects has been set at […]

Himachal Pradesh issues draft order on net metering for rooftop solar systems

The Himachal Pradesh Electricity Regulatory Commission (HPERC) has issued a draft order for rooftop solar grid-interactive systems based on net metering. The Order is called the Himachal Pradesh Electricity Regulatory Commission (Rooftop Solar PV Grid Interactive System based on Net Metering) Order, 2019. This order will apply to those domestic consumers who have a letter […]

Power plants with critical stocks down to one

Coal stock position at power plants have improved considerably with number of plants holding critical stocks declining to one this week. It tipped to 33 during mid-October last year. GMR’s Warora Thermal Power Station, the only plant with critical stock, however, is currently holding 4 days stock according to data compiled by Central Electricity Authority […]

NTPC issues tender for electric vehicle charging stations

The National Thermal Power Corporation (NTPC) has invited bids to set up charging stations for electric vehicles (EVs) including buses and four-wheelers, on a turnkey basis. The scope of work includes the supply, packing, and forwarding, transportation, storage, installation and commissioning of the EV charging stations. The successful bidder will also have to provide maintenance […]