Power Distribution Companies (Discoms) will be offered ₹90,000 crore liquidity support under the ‘Aatmanirbhar package’ announced by Finance Minister Nirmala Sitharaman on Wednesday. Under the package, Power Finance Corporation and Rural Electrification Corporation will infuse liquidity in the Discoms to the extent of ₹90,000 crores in two equal instalments, an official statement said. According to […]
Category: Power
Electricity demand down by a quarter in April: Crisil
Electricity demand shrank nearly a quarter in April 2020 as commercial and industrial activity switched off majorly following the nationwide lockdown due to the coronavirus pandemic. For states with higher number of manufacturing units such as Uttarakhand, Gujarat, Haryana, and Tamil Nadu, demand dimmed by a significant 30-50 per cent. In a Crisil note “Volt-face […]
EV charging start-up Charge+Zone raise finding
CHARGE+ZONE, an electric vehicle charging start-up, has raised undisclosed funding from Mumbai Angels. CHARGE+ZONE was founded in 2018 and has established electric vehicle charging technology based on IoT and uses cloud computing services to provide anywhere-anytime charging solution. The company aims to build software solutions which will have unmanned charging stations providing charging services, with […]
TNEB imposes penalties on Nilgiris tea factories
The Tamil Nadu Electricity Board (TNEB) has slapped hefty penalties on tea factories in the Nilgiris for alleged violation of regulations. The factories reopened on March 29 after some days of lockdown. They were required to follow certain technical provisions relating to power factor (PF) and maximum demand (MD). “Machines suffer from normal wear and […]
To avoid penal charges, ReNew Power’s committed supply to discom is the key
ReNew Power will have to supply at least 2,803 million units (kilowatt-hour or kWh) of energy in a year to avoid any penal charges under the recently concluded e-Reverse Auction for Renewable Energy projects with round the clock supply. The bids were conducted by central Public Sector Undertaking, Solar Energy Corporation of India (SECI) for […]
Meeting continuous power demand while maintaining workforce safety a challenge, says Sembcorp India chief
The Covid-19 pandemic had exposed the world to many challenges, one of them being to ensure enough electricity is maintained so that there are no blackouts. While each player has worked out its own mechanism, Sembcorp Energy India Limited (SEIL), an independent power producer (IPP) in India, has managed to keep its combined portfolio of […]
Indian power sector adds more new capacity in FY20 vis-à-vis FY19
The Indian power sector (includes both conventional and renewables) managed to add more new capacity in FY20 than the previous fiscal amid some challenges. For the third year in a row, the renewable sector added more new capacity than conventional energy sector and the clean energy sector now accounts for close to one-fourth of the […]
Power firms’ body calls for liquidity relief to clear Discom dues
The Association of Power Producers (APP) has once again written to the PMO, urging opening up of credit lines to clear backlog of power dues, and extend suppliers’ credit for coal supplies and rail freight. In an email to PK Mishra, Principal Secretary, and PK Sinha, Principal Advisor to PM, APP has urged that liquidity […]
Tata Power’s defence business bags Rs 1,200-crore contract to modernise 37 airfields
Tata Power Strategic Engineering Division (Tata Power SED), a division of Tata Power Company, has signed a contract with the Ministry of Defence for modernisation of infrastructure at 37 airfields. Under the contract, valued at about Rs 1,200 crore, the company will modernise infrastructure at airfields belonging to the Indian Airforce, Indian Navy and Indian […]
SECI tender gets bids to supply round the clock renewable power at ₹ 2.90 a unit
Solar Energy Corporation of India (SECI) Limited has received bids from project developers to supply round the clock power from renewable energy (RE) sources at ₹ 2.90 a unit. This tender is special because the developer would be mandated to supply power 24×7 by ensuring that a storage system would back the renewable energy project. […]
Adani Transmission net profit down 60% to ₹59 crore on write-off over finance sunk cost
Transmission Limited (ATL) reported a drop in net profit in Q4 due to one-time write-off concerning finance sunk cost. In the March-ended quarter, ATL’s net profit was Rs 58.97 crore, a 60 per cent drop when compared to Rs 146.7 crore posted in the year-ago period. The one-time write-off was Rs 185 crore, which was […]
7 injured in boiler blast at NLC power station in Tamil Nadu
Seven workers were injured in a boiler explosion at NLC India Ltd’s thermal power station (TPS) II at Neyveli, Tamil Nadu on Thursday. The reason for the blast at the lignite major’s unit is yet to be ascertained. The TPS II has seven units, with a capacity of 210MW each, and only three of them […]