Kolkata: Energy major NTPCNSE 0.44 % has decided to explore “statutory remedies” relating to a Rs 2,015-crore arbitration charge slapped on it in a fuel-supply dispute against Jindal ITF (JITF). The charge, believed to be one of the largest-ever infrastructure arbitration awards, pertains to a dispute over transhipment of coal from the high seas for […]
Category: Power
Power
Govt appoints REC CMD P V Ramesh as DG of National Archives of India
Ahead of REC’s takeover by Power Finance CorporationNSE 0.64 % (PFC), the government has appointed the former’s top executive P V Ramesh as the director-general of the National Archives of India. Besides, there are talks that PFC Chairman and Managing Director Rajeev Sharma could be given additional charge to head REC. According to the Appointment […]
Discom dues to power generators grow 33% during April-January
MUMBAI: Dues of state-run power distribution companies to cash strapped power generators have increased by a third in April-January despite the government’s assurance that payments would be expedited. As per data compiled by the Association of Power Producers, state-run power distribution companies (discoms) owed Rs 41,133 crore to private sector generators as on January 31, […]
Suzlon Energy, Symphony among top gainers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 16.77 points down at 36,047.04 on account of selling in frontline bluechip counters. Shares of Morarjee Textiles (up 17.50 per cent), Gujarat Auto (up 17.06 per cent), Simplex Casting (up 16.37 per cent), Fervent Synergies (up 16.31 per cent), Xpro India (up 15.60 per cent), […]
BHEL setting up solar-based EV charger network on Delhi-Chandigarh highway
State-run Bharat Heavy Electricals LtdNSE 2.19 % Monday said the company is setting up a network of solar-based electric vehicle chargers on the Delhi-Chandigarh highway. The project is covered under Department of Heavy Industry’s FAME scheme (Faster Adoption and Manufacturing of (Hybrid) & Electric Vehicles in India). “The establishment of electric vehicle (EV) chargers at […]
APERC move to reduce PPA duration worries green companies
The Andhra Pradesh Electricity Regulatory Commission’s (APERC) move seeking truncation of the average length of power purchase agreements (PPA) to a fifth has seen renewable energy companies raise concerns. Most PPAs are signed for 25 years, but the Andhra Pradesh Electricity Regulatory Commission (APERC) would like the duration reduced to five years. The industry is […]
Piyush Goyal dedicates to nation 1,000-MW thermal power project of NTPL
Coal Minister Piyush Goyal Monday dedicated to the nation a 1,000-megawatt (MW) thermal power project of Neyveli Tamil Nadu Power Ltd (NTPL) and a 150-MW solar power projects of NLC India Ltd (NLCIL) in Tamil Nadu. “Piyush Goyal…has dedicated the 1,000 MW coal-based thermal power station of Neyveli Tamilnadu Power Ltd (NTPL), Thoothukudi,…and 150-MW solar […]
Gujarat’s green energy policy will lead to land hoarding, fear small firms
BENGALURU: Wind developers have expressed concern over the new land policy for renewable energy announced by Gujarat about a month ago as it does not make possession of a power purchase agreement (PPA) mandatory while applying for land to set up a project in the state. They fear that without such a provision, land could […]
NTPC eyes stressed assets under insolvency in NCLT to make deals sweeter
State-run power giant NTPC has decided to acquire only those stressed power projects undergoing insolvency proceedings in the National Company Law Tribunal (NCLT), with an aim to get fairer deals. All those insolvency deals so far in the NCLT have got discounts of up to 70 per cent or even more from secured creditors. The […]
Govt approves Adani Power’s Rs 14,000 cr Jharkhand SEZ project
The government has approved a Rs 14,000-crore special economic zone (SEZ) project of Adani PowerNSE 6.82 % in Jharkhand, which will export entire power generated to Bangladesh, an official said. The project was approved by highest decision making body on SEZ – Board of Approval – chaired by the commerce secretary, in its meeting on […]
ICICI bank-Videocon case: ED raids Videocon office, Kochhar’s residence
MUMBAI: The Enforcement Directorate (ED) carried out raids at five places in Mumbai and Aurangabad on Friday in connection with a money laundering case against former ICICI BankNSE 1.17 % CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon Group chairman Venugopal Dhoot. The financial investigation agency searched premises including the office of Deepak Kochhar’s […]
Green companies continue to bid aggressively for solar projects
BENGALURU: Renewable energy firms are continuing with aggressive bids for solar projects, with the winners in the latest auction including Finland’s Fortum and US-based Acme quoting a tariff of Rs 2.48 per unit. Palimarwar Solar House also quoted the same tariff to win 40 MW, while Acme Solar won 250 MW of the 750 MW […]