Delhi’s peak power demand clocked 5,985 MW on Wednesday night, the season’s highest so far, said officials of electricity distribution companies on Thursday. They attributed the rise in demand to soaring temperatures. On Wednesday, the mercury in most places in the city was recorded above the 40 degrees Celsius-mark. The peak power demand clocked 5,985 […]
Category: Power
Power
Wholesale prices fall in May: Fuel, power get cheaper by 20%; only this group sees surge in WPI
As industries and businesses slowed down during the nationwide lockdown, the demand for fuel and power took a major hit, deflating prices by around 20 per cent on-year in May 2020. The prices of crude petroleum and natural gas fell 23.18 per cent in May, compared to March 2020, according to the Ministry of Commerce […]
Caution EV startups, funding to hit speed bump ahead but investors hopeful of returning to normalcy
Even as the government has taken measures to support the targets projected for the incipient electric vehicle (EV) segment in the country, the startups in the EV space are likely to face challenges around fundraising, at least for the short term, according to experts. India has seen a proliferation of startups in the EV space […]
CoC has absolute power regarding selection of IRP, RP: NCLT
An interim resolution professional (IRP) cannot seek natural progression to a resolution professional (RP) in an insolvency matter; the prerogative to continue with the IRP as RP or to replace the IRP with another RP lies with the committee of creditors (CoC), the National Company Law Tribunal (NCLT) has observed. “The power to replace an […]
Power engineers urge PM to put Electricity (Amendment) Bill on hold
The All India Power Engineers Federation has urged Prime Minister Narendra Modi to put on hold the controversial draft Electricity (Amendment) Bill 2020 as a large number of states have raised serious objections regarding the amendments. In a letter sent to the Prime Minister, Shailendra Dubey, chairman AIPEF said the controversial Bill must be withdrawn, […]
Assam fire: FIR lodged against Oil India, John Energy in gas well blowout case
An FIR has been registered against Oil India Limited and its outsourced private well operator John Energy for the Baghjan gas well blowout, which has allegedly polluted the environment in surrounding villages, police said on Thursday. The police registered the FIR under relevant sections of IPC and the Disaster Management Act, a senior official said. […]
Power Point: UPSC engineers up in arms over new posting policy
Central government’s power engineers have sought revocation of the new policy of the Union power ministry, which mandates engineers of the Central Electricity Authority (CEA) to spend nine years in central public sector undertakings (CPSUs) and state-run power distribution companies (discoms) to “upgrade their technical skills through field exposure”. In a letter written to power […]
Covid helps power discoms contribute more to Modi’s Digital India; thanks to your online bill payment
Covid-induced lockdown across the country for over two months have significantly enhanced power distribution companies’ contribution towards PM Modi’s Digital India initiative. Tata Power Delhi Distribution (TPDDL) along with BSES discoms – BSES Rajdhani and BSES Yamuna have seeing significant jump in digital payments of electricity bills by customers. While TPDDL, which has around 70 […]
Charging Up: Impressive beginning for real-time power market
Electricity trading through the newly launched real-time market (RTM) has gained instant traction, with nearly 140 million units (MUs) having been transacted in the first twelve days since its launch. The new platform is seen to help the growth of power transactions via exchanges, widening the scope for consumers to buy power at market-determined rates, […]
Coronavirus discount to discoms: NTPC stares at Rs 920-crore cut in FY21 profit
State-run power generation behemoth NTPC’s decision to offer a rebate of Rs 1,363 crore to power distribution companies (discoms) is seen to reduce its FY21 profit by Rs 920 crore. The company has also allowed discoms to defer the payment of fixed charges of Rs 2,064 crore after the end of the lockdown period in […]
Proposed 20% basic customs duty on solar cells to hit units in SEZs
As the safeguard duty on imported solar cells and modules from China and Malaysia ceases to exit in July, and is likely to be replaced with 20% basic customs duty (BCD), the viability of Indian solar cells and module manufacturers based out of special economic zones (SEZ) will be threatened, if they are not allowed […]
Govt aims to complete privatisation of UT discoms by January 2021
To usher in efficiency, the government is planning to privatise the electricity distribution companies (discoms) in Union Territories (UTs) by January 2021, sources said. Efforts would also be made to privatise a number of discoms in major states such as Uttar Pradesh, Gujarat, Haryana, Karnataka, Madhya Pradesh, Jharkhand and Assam to improve the governance of […]