Category: Power

Fitch Ratings on Tuesday said it has revised the outlook on ratings of six government-owned firms such as Indian Oil Corp (IOC), NTPC and GAIL to ‘negative’ from ‘stable’, following a change in outlook on sovereign India rating. The PSUs whose rating outlook has been revised include IOC, Bharat Petroleum Corp Ltd (BPCL), Oil India […]

Adani Power will acquire US-based The AES Corporation’s 49 per cent equity stake in Odisha Power Generation Corporation for USD 135 million (around Rs 1,019 crore), the Adani group firm said on Tuesday. “Adani Power Ltd (APL) has signed a definitive agreement to acquire the 49 per cent stake in Odisha Power Generation Corporation (OPGC) […]

Adani Power on Tuesday said it had signed definitive agreements with US-based AES Corporation to acquire the latter’s 49% stake in the 1,740-MW Banharpalli thermal power plant in Odisha. The remaining 51% of the plant is owned by the Odisha government. The financial details of the deal were not disclosed. The plant had recently increased […]

Industrialist Anil Ambani is not only planning to make his company Reliance Infrastructure debt-free but is also planning to raise stake in the company. Reliance ADAG group Chairman Anil Ambani’s statement comes close on the heels of telling a UK-court in February this year that his net worth is zero. Anil Ambani, also the younger […]

To curb the procurement of solar generation equipment from China, and increase the reliance on domestic manufacturing, the government is planning to impose the basic customs duty (BCD) on imports of such products. Though solar imports from China have gradually fallen since the imposition of the safeguard duty in July 2018, it still remained the […]

Power consumption in the first half of June remained muted despite the relaxations of the lockdown and increased household consumption due to summer heat. The 58.5 billion units (BU) of electricity supplied in the first 17 days of the month was 8.9% higher than the corresponding period in May, but 13.9% down year-on-year. The 102 […]

The Pandemic has fueled the debate about what choices India must make for its energy sector. As we restart our factories and offices and drive fuel-guzzling vehicles, we walk the tightrope of balancing our rising requirement for cheap and universal electricity and a dire need for clean air. The latter, as luck would have it, […]

While the electricity demand in May shows a substantial pick up from the previous month April’s abysmally low level, the actual year-on-year comparisons show that the recovery in power output remains flat in June so far. Electricity generation fell 14.5 percent on-year in the first 15 days of June, after a fall of 14.3 per […]

Tata Power will develop a 100 MW solar project in Maharashtra, the company announced today just days after it secured a solar project development in Gujarat. “Tata Power Renewable Energy Limited (TPREL) has received a letter of award from Maharashtra State Electricity Distribution Co Ltd (MSEDCL) to develop a 100 MW solar project in Maharashtra,” […]

Delhi’s peak power demand soared to 6,214 MW on Friday, the highest this summer, with the city reeling under a sultry weather. The peak demand crossed the 6,000 MW-mark the previous night for the first time this season and reached 6,193 MW at 10:43 PM, discom officials said. It was 6,214 MW at 3.27 PM […]

Tata Power on Friday said it had been awarded the contract to develop a 100 MW solar project in Maharashtra. This follows close on the heels of another 120MW solar plant in Gujarat awarded to the company on June 15. Tata Power’s cumulative renewable energy capacity, including 2,637 MW operational projects, now stands at 3,557 […]

The Uttar Pradesh government has approved the setting up of an ultra mega renewable energy park with an investment of Rs 2,400 crore in the state. The joint project will be set up by the Uttar Pradesh Non-Conventional Energy Development Agency (UPNEDA) and Tehri Hydro Development Corporation of India (THDC). The state cabinet has approved […]