The Maharashtra government’s recent move to slash electricity rates will help industries and businesses in the trying times in view of the coronavirus-enforced lockdown, Power Minister Nitin Raut said on Wednesday. He said electricity rates have been reduced by average 7 per cent. “While industrial consumers will enjoy a tariff cut of 10-15 per cent, […]
Category: Power
Power
India’s annual power demand seen falling for first time in almost four decades: Moody’s unit
India’s electricity demand during the current financial year is seen falling for the first time in at least 36 years, ratings agency Moody’s unit ICRA said on Wednesday, a blow to utilities and state-run Coal India Ltd. ICRA expects annual electricity demand to fall 1% during the year ending March 2021 due to the impact […]
Discoms owe Rs 92,693 crore to power producers in February
Distribution companies (discoms) owed Rs 92,693 crore to power producers in February 2020, registering an increase of 31 per cent over the year-ago same month, reflecting stress in the sector. In February 2019, discoms owed a total of Rs 70,706 crore to power generation companies (gencos), according to portal PRAAPTI (Payment Ratification And Analysis in […]
Technical glitches: 2 RTPS units halt power generation
Owing to technical glitches, power generation in the units of the Raichur Thermal Power Station (RTPS), have been halted. The RTPS units, the first and the third, each have a capacity to generate 210 MW of power. The officials have examined the technical issues and have taken up the repair works. The eight units of […]
Partial easing of coronavirus lockdown fails to perk up power demand, cool weather plays spoil sport
Partial relaxation in lockdown for certain economic activities from April 20 onwards could not perk up power demand, which remained almost static so far mainly due to cool weather. According to the latest Power Ministry data, the peak power demand met was recorded at 123.65GW on April 26 (Sunday) compared to 129.46GW on April 19 […]
Coronavirus: Delhi’s peak power demand reduces by up to 49% during lockdown
Delhi’s peak power demand has reduced by up to 49 per cent with commercial and industrial activities virtually at a standstill due to the lockdown imposed to contain the spread of coronavirus, discom and power department officials said. According to official data, the peak power demand during the day has reduced by 40-50 per cent, […]
Electric vehicle sales in India up 20% in 2019-20: SMEV
Electric vehicles sales, excluding e-rickshaws, in India grew by 20 per cent at 1.56 lakh units in 2019-20 driven by two-wheelers, Society of Manufacturers of Electric Vehicles (SMEV) said on Monday. In 2018-19, total EV sales in India stood at 1.3 lakh units, SMEV said in a statement. Out of the total sales in FY20, […]
Green recovery from coronavirus: Renewables agency charts path to zero-carbon energy system by 2050 as
Governments could chart a path to a fully decarbonised energy system by the middle of the century and revive economies hit by the coronavirus if they tailor stimulus packages to boost clean energy technologies, according to a report published on Monday. With governments adopting massive stimulus packages to blunt the shock of the virus, calls […]
COVID-19 lockdown: Electricity Employees Federation opposes Electricity Bill
The Electricity Employees’ Federation of India (EEFI) has opposed the Union Ministry of Power’s move to circulate draft Electricity (Amendment) Bill, 2020, seeking stakeholders comments during lockdown period and has demanded its immediate withdrawal. The Union Ministry of Power on April 17 came out with the fourth draft of the Electricity (Amendment) Bill since 2014, […]
Larsen & Toubro wins significant contracts for power transmission, distribution
Engineering and construction giant Larsen & Toubro (L&T) on Monday said it has won ‘significant’ power transmission and distribution contracts in India and abroad. Though the company did not mention the value of the contracts, a ‘significant’ contract ranges between Rs 1,000 crore and Rs 2,500 crore as per its specification. “The power transmission and […]
MNRE urges states to set up renewable energy equipment parks, make India global hub
The Ministry of New and Renewable Energy (MNRE) has urged states to set up renewable energy (RE) equipment manufacturing parks to meet domestic demand as well as make India a global production hub. The MNRE has offered many incentives to states to set up such parks at a time when numerous international firms are looking […]
NHPC conducts e-reverse auction for 2,000 MW grid connected solar project
State-owned hydropower major NHPC on Friday said it conducted an e-reverse auction for a 2,000 mega watt (MW) grid-connected solar project. “NHPC conducted the e-reverse auction on April 16, 2020 for the 2,000 MW grid-connected solar PV project to be set up anywhere in India in presence of NHPC CMD A K Singh and NHPC […]