Tata Power on Friday said it received the letter of intent (LoI) from the Odisha Electricity Regulatory Commission for distribution of power to the consumers in western and southern parts of the state through the respective discoms – Wesco and Southco – for the next 25 years. The company had won the bagged CESU, another […]
Category: Power
Power
High Court stays Chandigarh discom privatisation
The High Court of Punjab and Haryana has put in abeyance the privatisation of the Chandigarh electricity distribution company (discom), following protests from its engineers and other workers. Staying the bid invitation process which started on November 10, the court remarked that “we feel that the matter will require detailed deliberations as it touches the […]
Amid concerns over China’s hydropower project on Brahmaputra, India plans multipurpose dam in Northeast
India to build multipurpose reservoir in Arunachal Pradesh! Amid concerns over a major hydropower project being developed by China on the Brahmaputra river in Tibet, India now plans to develop a multipurpose reservoir in the northeastern state of Arunachal Pradesh. Commissioner (Brahmaputra and Barak) in the Jal Shakti Ministry, T S Mehra was quoted in […]
Tamil Nadu seeks discounts to clear dues of private gencos
Independent power producers (IPPs) have been asked by Tamil Nadu’s state electricity board Tangedco to offer tariff rebates for past supplies if they want their past dues to be settled under the Centre’s liquidity infusion scheme. Over-dues — dues pending for over 60 days — payable by Tangedco to power generators stood at Rs 20,268 […]
High Court stays Chandigarh discom privatisation
The High Court of Punjab and Haryana has put in abeyance the privatisation of the Chandigarh electricity distribution company (discom), following protests from its engineers and other workers. Staying the bid invitation process which started on November 10, the court remarked that “we feel that the matter will require detailed deliberations as it touches the […]
ICICI Bank case: SC rejects Chanda Kochhar’s plea against termination
The Supreme Court on Tuesday rejected Chanda Kochhar’s appeal against the Bombay High Court’s March 5 order which had dismissed her plea against her termination as the managing director and CEO of ICICI Bank, saying the issue falls within the realm of a private bank and employee. The ruling is a major setback for Kochhar […]
Power demand grows at double-digit in October; green energy shoots up, thermal takes lead
Power demand is gradually returning towards normalcy as more factories and shops have now opened after restrictions were lifted. India’s power demand rose 11.5 per cent on-year in October 2020, which is a second consecutive rise, said a report by India Ratings. The rise in power demand is witnessed after it fell to 109.6 billion […]
Third Derivative selects 3 Indian startups to fund clean energy technologies
Third Derivative, a joint venture of Rocky Mountain Institute and New Energy Nexus, a global accelerator, has selected three Indian startups in its inaugural cohort of 50 companies to promote clean energy solutions to address the climate change. The three Indian startups – two in shared and connected mobility space, and one in recycling plastics […]
Renewable energy capacity addition to gather pace in H2FY21
While there has been a slowdown in renewable capacity addition in H1FY21 owing to Covid-19, project execution is expected to pick up from Q3FY21, with easing of supply chain challenges, ICRA has said. This is going to be led by solar power, on the back of strong policy focus and competitive tariffs. The agency has […]
Experts feel record-low solar tariff one-off and may not sustain
Even though the current environment of lower interest rates, expectations of further decline in solar panel prices and having an assured buyer have been attributed to solar tariffs falling to the record low level of Rs 2/unit in the latest SECI auction, experts warn that solar developers quoting such low rates are walking a tightrope. […]
Resume REC trade soon, trading pause to impact discoms’ ability to meet RPO targets: Power exchanges
Further suspension on trading of renewable energy certificates (RECs) would impact state power distribution utilities’ ability to meet renewable purchase obligation (RPO) targets, electricity exchanges PXIL and IEX said, stressing that the trade should be resumed at the earliest. Talking to PTI, Indian Energy Exchange (IEX) Head and Senior Vice President – Business Development Rohit […]
Ensure no power tripping in all district headquarters: UP Minister Shrikant Sharma to UPPCL
Uttar Pradesh Power Minister Shrikant Sharma on Saturday directed officials to ensure there was no power tripping in all district headquarters, including those in the National Capital Region (NCR), by next summer. Sharma issued instructions regarding this to the chief of the Uttar Pradesh Power Corporation Limited (UPPCL) during an inspection in Noida of Gautam […]