Category: Power

Even as capacity addition in power transmission is crucial to support the upcoming renewable generation capacities and make transmission infrastructure more flexible to accommodate the evolving trends in power consumption, the pace of adding new electricity lines has hit a four-year low in FY19. A total of 22,437 circuit kilometre (ckm) of transmission lines have […]

Adani Power said on Monday it has been awarded the letter of intent (LoI) for Korba West Power Company (KWPCL) that owns and operates a 600 MW thermal power plant in Chhattisgarh’s Raigarh district. The Committee of Creditors (CoC) of KWPCL—that was undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 201— has approved […]

India’s efforts to curb emissions will open up new investment opportunities of Rs 9.4 lakh crore in the power sector over the next five years, according to a report by Edelweiss Securities. Renewable energy and installation of power plant equipment to lower emissions are expected to attract maximum investments in the power sector. The country […]

Open access by industrial and other bulk consumers of electricity has picked up in the current year, helped by renewable energy policies of several states such as Karnataka, Uttar Pradesh and Haryana which have removed extra costs (surcharges) imposed on such transactions from solar and wind units. In the April-February period this year, open access […]

Despite the additional overhangs of safeguard duty, GST and a depreciated currency, the first renewable auctions of 2019 have produced PPA tariffs that are almost on a par with the record lows seen in 2017 and 2018. Low renewable tariffs are not unique to India. This trend becomes irreversible wherever reverse auction replaces feed-in tariff […]

Electricity produced by thermal power plants in March 2019 recorded a drop of 0.9% year-on-year (y-o-y), making it the third straight month when power electricity generated from these sources was lower than the corresponding period last year. However, thanks to the surge in power demand recorded around October, overall thermal generation in FY19 grew by […]

Even as Modi government set a target of having 40 gigawatt (GW) of rooftop solar capacity by 2022, many small businesses are hesitant to install rooftop solar panels, a survey said. Several high power-consuming SMEs perceive performance risks in using solar panels, according to a new report from Deloitte and Climate Investment Funds (CIF) “The […]

JSW Energy has announced it will no longer pursue the electric vehicle (EV) venture. The firm attributed it to ‘higher than anticipated uncertainties associated with the EV business’, while saying that it would rather ‘maintain capital cushion for growth opportunities in power and other related businesses’. JSWE had earlier envisaged an investment of ~`6,500 crore […]

With the Supreme Court’s verdict on the maintainability of RBI’s February 12 circular slated to be pronounced on Tuesday, independent power producers, in their supplemental submission to the apex court, have highlighted “inconsistencies” in the RBI’s stance on inter-creditor agreement (ICA). The industry also reiterated how payment indiscipline and preferential treatment to PSUs are causing […]

Welcoming the Supreme Court ruling quashing the RBI circular on resolution of stressed assets, the Association of Power Producers Tuesday said it will give some breather and flexibility to restructure their debt. The apex court quashed the RBI circular of February 12, 2018, that made it mandatory for banks to recognize even a one-day defaults […]

India has imposed anti-dumping duty of up to USD 1,559 per tonne on imports of a certain type of sheet used in solar cell making from China, Malaysia, Saudi Arabia and Thailand for five years to safeguard domestic players against cheap shipments. In a notification, the Department of Revenue has said that after considering the […]

With the Supreme Court’s verdict on the maintainability of RBI’s February 12 circular slated to be pronounced on Tuesday, independent power producers, in their supplemental submission to the apex court, have highlighted “inconsistencies” in the RBI’s stance on inter-creditor agreement (ICA). The industry also reiterated how payment indiscipline and preferential treatment to PSUs are causing […]