Power distribution utilities will have to either offer a Letter of Credit for power supplies or pay in advance to power generation companies, according to guidelines issued by the Ministry of Power. On June 28, the Ministry of Power made it mandatory for power distribution companies (Discoms) to provide a payment assurance to power generation […]
Category: Power
NTPC’s pollution-control plans gather pace, entail huge capital expenditure
Power sector giant NTPC’s plans to install emission-control equipment at its 38 power plants (with combined capacity of 65,350 MW) could take up to four years to materialise, with an average expenditure of Rs. 50-70 lakh per MW, senior company officials said. Though the capital outlay is huge from NTPC’s perspective, it also represents a […]
Suzlon Energy falls after company defaults on bond payment
Shares of Suzlon Energy Limited fell as much as 8.6 per cent to Rs 4.35, marking their biggest intraday percentage loss since June 28. The debt-laden wind power equipment maker defaulted on a $172 million bond payment on Tuesday. Sources said that the company was in talks with several global private equity funds to sell […]
Palau signs International Solar Alliance Framework agreement
Palau signed the International Solar Alliance (ISA) Framework Agreement here, lauding India for its efforts in promoting sustainable development projects through South-South cooperation. Palau became the 76th country to sign the ISA Framework Agreement, which till date has been ratified by a total of 54 of the 76 countries. Palau President Tommy Remengesau signed the […]
CEA draws up plans to boost power distribution infra
The Central Electricity Authority (CEA) has anticipated a 40 per cent increase in power distribution infrastructure till 2022. The projection of a 38 per cent increase in distribution substation capacity, 32 per cent increase of distribution transformation capacity and an increase in different type of feeder lengths by 27-38 per cent till 2022 have been […]
Choppy winds: Suzlon defaults on ₹1,169-crore bond payment
Wind turbine maker Suzlon has defaulted on the payment of the principal amount of ₹1,169 crore ($172 million) due to its Foreign Currency Convertible Bondholders (FCCBs). In a filing with the exchanges, Suzlon said it has not made the payment of the principal amount, which was due on July 16. The outstanding payment was part […]
NTPC’s pollution-control plans gather pace, entail huge capex
Power sector giant NTPC’s plans to install emission-control equipment at its 38 power plants (with combined capacity of 65,350 MW) could take up to four years to materialise, with an average expenditure of ₹50-70 lakh per MW, senior company officials said. Though the capital outlay is huge from NTPC’s perspective, it also represents a good […]
Policy uncertainty, lack of clarity may hamper investments in renewable energy sector: CEEW
Investments in the clean energy sector may be hampered if policy uncertainty in the renewable energy sector persists, feels Arunabha Ghosh, Chief Executive Officer at the Council on Energy, Environment and Water (CEEW). “India will require investments of nearly $30-33 billion a year to meet its renewable energy addition targets till 2030, not including additional […]
Power Grid to help IIT Roorkee drive energy efficiency within campus
Indian Institute of Technology Roorkee (IITR) has signed an MoU with Power Grid Corporation (POWERGRID) with the aim of achieving energy efficiency and sustainable energy goals within its campus. Ajit K Chaturvedi, Director, IITR, said that the MoU seeks to bring together academic and industry/corporate skills for building efficient, reliable and low cost energy systems. […]
NTPC raises ₹4,300 cr through bonds
State-owned power giant NTPC Monday raised ₹ 4,300 crore through bonds, which would be used for capital expenditure and general corporate requirement. The company entered the bond market to raise long-term debt for its capital expenditure and general corporate requirements, with an issue of base size of ₹500 crore with a green shoe option to […]
Not backing out from buying Bhushan Power, but anxious about alleged fraud reports: JSW tells NCLT
JSW Steel on Monday told the National Company Law Tribunal that the company is not backing out from the ongoing resolution process of Bhushan Power & Steel despite reports of alleged fraud by its former promoters. During the proceedings in NCLT, counsel appearing for JSW Steel informed the tribunal that it was anxious about the […]
KSL Cleantech to scale up electric mobility with ₹ 200 crore investment
Kolkata-based KSL Cleantech plans to invest around ₹ 200 crore in the next three years on development of electric two- and three-wheelers and expanding manufacturing capacity besides sales and marketing of the products, according to a top company official. The company, which has been primarily into the solar power space for the last 10 years, […]