Hyderabad: Nine people died in a fire mishap in the Srisailam hydroelectric plant on the Telangana-Andhra Pradesh border on Friday, a senior government official said. Six bodies, out of the nine dead, have been recovered by rescue teams so far and efforts were on to pull out the others from the underground plant, Nagarkurnool District […]
Category: Power
Power
With an eye on China, India to offer land near major ports for solar equipment manufacturing
NEW DELHI : India plans to offer land near ports for setting up solar equipment manufacturing, in-order to challenge the Chinese firms’ dominance in one of the world’s largest green energy market, said two people aware of the development. This sweetener follows after imposing tariff and non-tariff barriers to put a check on all imported […]
Reliance Power operating portfolio reaches 6,000 MW, plans capex of Rs 3,300 crore
Mumbai: Reliance Power said on Tuesday it continues to be one of India’s top three private power generation companies with operating portfolio of around 6,000 megawatt. The plant load factor (PLF) levels of company’s thermal power plants stood at 87 per cent (Sasan and Rosa combined) compared to the national average of about 56 per […]
Electricity output falls sharply in first half of June
CHENNAI: India’s electricity generation during the first half of June fell at a slightly faster rate than in May, provisional government data showed, driven by lower consumption in western states hit hardest by the coronavirus outbreak. Power generation fell 14.5% in the first 15 days of June, a Reuters analysis of daily load despatch data […]
Suzlon gets shareholders’ nod for debt restructuring
New Delhi: SuzlonNSE 3.85 % Energy on Tuesday got shareholders’ nod for its debt restructuring plan. All 10 resolutions through postal ballot that would pave the way for debt restructuring of the company are approved with requisite majority through post ballot, according to a regulatory filing. Certain terms of debt restructuring proposal require approval of […]
Moody’s outlook for Indian power sector to negative from stable on decline in demand
New Delhi: Moody’s Investors Service on Friday cut its outlook for the Indian power sector to negative as it expects power demand to drop at least four to five per cent in fiscal 2021 due slowing activity and policy actions amid coronavirus-induced pressure. According to the agency, power demand in April slumped by over one-third […]
Power companies’ shares gain on ₹90,000 crore lifeline
MUMBAI: Shares of power companies on Thursday surged after the government announced ₹90,000 crore liquidity lifeline for the sector. Adani Power Ltd gained 10%, Tata Power Co Ltd 8%, Bharat Heavy Electricals Ltd 8%, Torrent Power 4%, and Adani Transmission 3%. Power Finance Corp (PFC) and REC Ltd fell around 1% each, while NTPC Ltd […]
Power generation in Maharashtra affected
Mumbai: A strike by coalmine workers has affected power generation. Presently, MAHAGENCO is generating nearly 3,500 megawatts of power daily. With the state facing coal shortage and coal workers on strike, MAHADISCOM will purchase power from private players. Meanwhile, MAHAGENCO is praying for rain as the strike continues. As the coalmine workers of Coal India […]
Electricity usage up to 200 units to be free in Delhi: Arvind Kejriwal
New Delhi: Delhi Chief Minister Arvind Kejriwal announced on Thursday that electricity usage up to 200 units will be free. Delhi Assembly elections are due in February 2020.
Power bills set to drop from today as DERC slashes tariff
NEW DELHI: In a major announcement before the Assembly elections in Delhi, the Aam Aadmi Party government has declared that the tariff on the fixed charge that is levied on every electricity connection will be drastically reduced. The Delhi Electricity Regulatory Commission (DERC) on Wednesday issued a notification announcing a reduction in the new tariff […]
Power outage looms large across India
TALCHER: Large parts of the country may plunge into darkness as power production at the 3,000-MW NTPC’s Kaniha power plant in Odisha continues to remain disrupted due to acute shortage of coal supply from Mahanadi Coalfields Limited (MCL), a subsidiary of Coal India Limited. Three of the NTPC’s six 500-MW units have been shut down […]
Southern states gear up for Letter of Credit system for power purchases from Aug 1
Hyderabad: Power utilities of the southern States and a Union Territory are getting ready with the Letter of Credit system for power purchases from August 1 as mandated by the Centre, a member of the Southern Regional Power Committee (SRPC) said here on Tuesday. The Centre last month approved the proposal for implementing a payment […]