Category: Power

New Delhi: Sterlite Power Friday said it has signed an agreement for Pampa transmission project in Rio Grande do Sul, Brazil, entailing an investment of Rs 1,394.79 crore. “The agreement is for batch 13, won at energy transmission auction held by ANEEL ( Brazilian Electricity Regulatory Agency),” Sterlite Power said in a statement. Completion of […]

The Central Electricity Regulatory Commission (CERC) on Friday approved higher tariff for Adani Power’s 2,000 megawatt (MW) capacities at its Mundra power plant. The power plant was facing hardships after compensatory tariff was disallowed by the apex court in April 2017. Adani PowerNSE -0.27 % has been seeking to pass through higher cost of imported […]

NEW DELHI: The government is considering a proposal to allow gas-based power plants to sell electricity in the spot market under a subsidy scheme. “We are contemplating if we can work out a mechanism where these gas-based power plants can also sell on power exchanges without depending on the power purchase agreements,” a government official […]

MUMBAI: Tata PowerNSE 0.28 % Company is confident of getting regulatory approvals for higher tariff for its loss-making Mundra ultra mega power project after the Central Electricity Regulatory Commission (CERC) has set a precedent by allowing Adani Power’s power plant in Mundra to pass through imported coal cost to power consumers, a top executive of […]

Outstanding dues of power producers on electricity distribution utilities have increased by more than 20 per cent to Rs 40,804 crore in January 2019 compared to the year-ago month, adding to the woes of the stressed sector. According to PRAAPTI portal, discoms owed a total of Rs 33,848 crore to power generation companies in January […]

Mumbai: Gail IndiaNSE -0.69 % is the front -runner to buy the energy assets of troubled Infrastructure Leasing and Financial Services, two persons in the know of the development, said. The assets on the block could fetch Rs 6,000 crore for IL&FS and include a controlling stake in the wind power generating plants with an […]

BILBAO: SiemensNSE 0.71 % Gamesa Renewable Energy, the second biggest manufacturer of wind turbines in the world, expects India to add between 7,000 and 10,000 megawatt (MW) of wind energy capacity in 2021, its global chief executive said, despite a slump in projects over the last two years. “The Indian market is making a strong […]

The importance of the flow of capital into the power and housing sectors in India cannot be overemphasised. Recent developments in both sectors once again bring to the fore the critical issues of effective payment mechanisms and price transparency as vital factors to boost the economy. Let us examine the issue in the two sectors […]

Power plants of JSW EnergyNSE -0.68 %, Jaiprakash AssociatesNSE 0.83 %, Jindal Power, Sembcorp Gayatri and Essar Power are among 16 projects that bid for three-year power purchase agreements (PPAs) with states. The auction for 2,500 mw of PPAs has received bids aggregating 4,077 mw. Given the good response, government is expecting lower tariffs in […]

Auctions for around 8,000 MW solar capacities worth Rs 40,000 crore were cancelled in 2018-19, leavig developers and investors high and dry, according to an industry source. Solar project developers continued to face uncertainties in 2018-19 as central and state government agencies as well as a private distribution company cancelled bids for 8,000 MW. “Bids […]

Cancellation of auctions for renewable energy projects because of high bids has saved central and state governments Rs 3,405 crore, a top official said, although companies have sharply criticised the practice as anti-investor. “It is important to go for a rebid if the prices are higher than expected,” Ministry of New and Renewable Energy (MNRE) […]

NEW DELHI: Infrastructure firm Tata Projects Wednesday said it has bagged order worth around USD 321 million from Nuclear Power Corporation of India (NPCIL). “This 2X700 MW power plant order valued around USD 321 million is the company’s third contract in the nuclear power sector,” Tata Projects said in a statement. The scope of work […]