NEW DELHI: India will launch $5 billion of transmission-line tenders in phases, beginning in June, to route a targeted 175 gigawatts (GW) of power from renewable sources into the country’s grid by 2022, the secretary at the ministry of renewable energy said. India, the world’s third-largest emitter of greenhouse gases, has pledged to cut emissions […]
Category: Power
Power
Kalpataru Power buys 85% in $24 million Swedish firm to enter Europe
Mumbai-headquartered engineering and construction company Kalpataru Power Transmission is in pact to buy 85% in Swedish powers solutions and systems company Linjemontage i Grastorp AB, with aim to expand in European market, the company’s Executive Director Sanjay Dalmia told ET. Kalpataru Power’s subsidiary in Sweden, Kalpataru Power Transmission Sweden AB, will buy the 85% stake […]
Solar capacity addition at a three year low of 6500 MW this year
Bengaluru: India’s solar energy success story is showing signs of slowing down, with capacity addition this fiscal falling short of target at a three-year low. Developers added 6,500 mw of solar capacity in the financial year 2018-19, as against a target of 10,000 mw for the year. Capacity addition in 2017-18 was higher at 10,400 […]
Rs 3 lakh crore private power investment at risk as discoms delay payments
NEW DELHI: As much as Rs 3 lakh crore of investment in a dozen power plants of the private sector is at risk of turning into NPA as states buying power have not been making payment for months, official data and sources said. According to data available on the PRAAPTI portal of the Ministry of […]
Safeguard duty, auction woes hit solar projects
Bengaluru: India’s solar energy success story is showing signs of slowing down, with capacity addition this fiscal falling short of target at a three-year low. Developers added 6,500 mw of solar capacity in the financial year 2018-19, as against a target of 10,000 mw for the year. Capacity addition in 2017-18 was higher at 10,400 […]
REC pays Rs 1,143 crore interim dividend for FY19 to government
NEW DELHI: State-owned REC Ltd Friday said it has paid Rs 1,143.34 crore as interim dividend for 2018-19 to the power ministry. Ajeet Kumar Agarwal, CMD & Director (Finance) of REC presented RTGS credit advice towards payment of interim dividend for the 2018-19, amounting to Rs 1,143.34 crore on the shareholding of the central government […]
Generating companies may get to invite bids from discoms to sell power
NEW DELHI: India for the first time may allow electricity generation companies to call bids from state distribution companies to sell power. The move is aimed at introducing market-based price discovery for electricity and curbing nontransparent bilateral ties between states and power plants that are not recognised under the Electricity Act, according to the proposal […]
Andhra Pradesh asks power discoms not to back out of green power purchase agreements
BENGALURU: The Andhra Pradesh government has directed state-run power distribution companies to honour contracts signed with renewable energy developers, offering relief to generators at a time when several clean energy buyers are backing out of agreements and seeking lower tariffs. Andhra Pradesh, one of the leading states in using renewable energy, has more than 7,000 […]
N K Industries, K P Energy among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 46.64 points up at 38,141.71 on Tuesday on account of buying in frontline bluechip counters. Shares of N K Industries (down 18.35 per cent), Gleam Fabmat (down 16.11 per cent), D & H India (down 12.95 per cent), Palm Jewels (down 10.66 per cent), Pro […]
Power Distribution: PPP the way forward for revival of discoms
Power distribution in India is by and large a state-owned monopoly and remains the weakest link in the power sector value chain despite a number of measures taken by the government to address issues over the years. The CRISIL InfraInvex indicates as much in the weak category, with a score of 5.6 (on a scale […]
Karnataka High Court offers relief to renewable energy companies
Bengaluru: The Karnataka High Court has quashed the state regulator’s order imposing retrospective charges related to transmission on renewable energy developers. The developers had challenged a May 2018 order of the Karnataka Electricity Regulatory Commission (KERC) that imposed retrospective ‘wheeling and banking’ charges on wind, hydel and solar projects commissioned from October 2013, January 2015 […]
NTPC’ captive coal output to nearly treble in 2018-19
NEW DELHI: State-run power giant NTPC is expected to end the current financial year with captive coal production of 7.25 million tonne, up a massive 170 per cent, from 2.68 million tonne in the year-ago period, a company official said. The official said that while output at NTPC’s Pakri Barwadih coal mine at Jharkhand has […]