Power sector financial stats is thunderous. Gross loans and advances given to power sector as on June 2017, stood at Rs 559,025 crore, out of which Rs 37,941 has become NPA. Out of a total 40,130 MW stressed power assets, 24,405 MW capacity has been commissioned while the rest is at construction stage. Out of […]
Day: November 22, 2018
Stressed Power Assets
The power ministry has asked the finance ministry for bidding out stressed power assets in the insolvency court through a forward online auction. The forward auction bidding will be more transparent and spare buyers from questions on asset valuations.
UDAN
The central government has invited proposals from interested air operators for the international version of its Udan (Ude Desk Ka Aam Nagrik) scheme as it seeks to enhance air connectivity from India to select overseas destinations.
CIL
CIL said it produced 306 million tonne (MT) of coal in the first seven months of the ongoing fiscal, registering an increase of 10 per cent as compared to 278 MT in the same period year-ago.
UP 500 MW Solar Auction
In Jul 2018, Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) conducted an auction for 1,000 MW solar project in which Rs 3.48 per unit was the lowest tariff quoted and the highest was Rs 3.55 per unit. That tender was cancelled.
WB Govt clips WBERC wings
The West Bengal government has directed the West Bengal Electricity Regulatory Commission (WBERC) not to pass any order on any matter till mid-November 2018 on a row between the regulator and Kolkata-based power utility CESC Ltd.
Coal Mine Auctions
On Oct 25, 2018, the coal ministry invited tenders seeking bids for 19 captive coal blocks to non-power plants in Jharkhand, Madhya Pradesh, Maharashtra, West Bengal, Odisha and Chhattisgarh. The government has allowed captive coal block owners to sell 25 per cent of their production in open market and provided some flexibility in coal output […]
Solar Power
Nearly half of the solar power capacities under implementation, worth Rs 28,000 cr, face viability risk because of the continuous fall in the rupee, which has made imported solar modules costlier and increased the cost of setting up solar plants, Crisil said.
Got 10 Year Extn
Cairn Oil and Gas, a unit of Vedanta Ltd, will invest $4 bn in its flagship Barmer oil block in Rajasthan, Cairn said on Oct 30, 2018. The Delhi high court on Oct 29, 2018 allowed a 10-year extension to the block on the condition that it pays a higher share of profit to the […]
Boeing 737 MAX 8 aircraft
On Oct 29, 2018, an aircraft with 189 people on board has sunk after crashing into the sea off Indonesia’s island of Java, soon after takeoff from the capital, headed for a key tin-mining region.
National Interest
On Nov 7, 2018, the Australian government warned that it intends to block a Hong Kong and Chinese consortium’s 13 billion Australian dollar ($9 billion) takeover bid for an energy infrastructure company because it conflicts with Australia’s national interest.
CGD 10th round bidding
On Nov 8, 2018, Petroleum and Natural Gas Regulatory Board (PNGRB) has offered 50 geographical areas (GA), carved out by clubbing adjoining districts in 12 states, in the 10th round of bidding for city gas distribution (CGD) licences. Bids are due by Feb 5, 2019.