The second round of coal auction under the Shakti-B scheme may see far fewer bidders than the first one held in 2017 because of an exclusion criterion. Analysts see power utilities with combined capacity of 407 MW could place their bids for coal in the forthcoming Shakti-B second round, which is just 5% of 8,440 […]
Category: Power
Power
Thermal power generation falls for 2nd straight month in February
Electricity produced by thermal power plants in February 2019 recorded a drop of 1.9% year-on-year (y-o-y), consequentially pushing utilisation levels of these generating stations down. Coal- and gas-based power plants across the country produced 81.2 billion units (BU) of electricity in February, making it the second straight month when electricity generated from these sources was […]
CERC allows power plants to claim higher compensation for loss in fuel quality of coal
The Central Electricity Regulatory Commission (CERC) has allowed power plants (selling electricity under the ‘cost plus’ system) to receive higher compensation for loss in fuel quality while coal is ferried and stored. Additionally, for computing tariff of power from such plants, the electricity regulator also maintained the base return on equity (RoE) at 15.5%. The […]
NCLAT directs NCLT to decide on JSW’s bid for Bhushan Power & Steel by March 31
The National Company Law Appellate Tribunal (NCLAT) Friday directed the Delhi bench of the NCLT to decide over JSW Steel’s bid for the debt-ridden Bhushan Power & Steel by March 31. A two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya has also directed the National Company Law Tribunal (NCLT) to hear the representatives […]
Ahead of Lok Sabha polls, Cabinet offers relief to power, sugar garment sectors
Even as it is soon to be lame-duck with Parliament elections around the corner, the Narendra Modi government on Thursday took a raft of decisions to give a boost to various sectors of the economy, including thermal and hydro power, sugar, aviation and metro rail. The Cabinet Committee on Economic Affairs (CCEA) approved a host […]
Cabinet approves NHPC’s acquisition of Lanco’s Teesta hydro-electric project; check details
The government Thursday approved a proposal for state-run hydro power giant NHPC to take over debt-laden Lanco’s 500 MW Teesta hydro-electric power project in Sikkim. “Cabinet Committee on Economic Affairs (CCEA) gives approval for the investment sanction for acquisition of LancoTeesta Hydro Power Ltd (LTHPL) and execution of balance work of the Teesta Stage-Vl Hydro […]
These states giving cheaper electricity to consumers despite missing UDAY targets
While the operational targets set under the UDAY scheme for the revival of electricity discoms are being missed and the efficacy of the scheme itself has come under a cloud, several state governments are putting further burden on these entities by unveiling various sops for different sections of consumers, including farmers and households and not […]
February peak power demand rises 3% year-on-year
The peak demand for power across the country in February 2019 rose 3% year-on-year to 162 GW as compared to 157 GW recorded a year ago, according to the data released by Indian Energy Exchange (IEX). Compared to January, the peak demand has remained unchanged. On an all India basis, the energy supplied in February […]
IDBI Bank seeks bids for Lanco Solar (Gujarat) plant
Deloitte Touche Tohmatsu India, on behalf of IDBI Bank, has invited expressions of interest (EoIs) for the sale of a 30-megawatt (MW) solar power project in Patan, Gujarat, owned and operated by Lanco Solar (Gujarat) (LSGPL), according to a public notice. The plant’s total debt outstanding as on October 8, 2018, stood at `346 crore. […]
NCLT notice to Essar Power on L&T arm’s plea at Ahmedabad bench
The Ahmedabad bench of National Company Law Tribunal (NCLT) on Tuesday issued a notice to Essar Power after L&T Infrastructure Finance Company approached it to initiate insolvency proceedings against the Essar Group company. L&T has approached the two-member bench comprising Harihar Prakash Chaturvedi and Manorama Kumari for non-repayment of `45.5 crore in dues. The bench, […]
PFC on REC buy: Can’t shell out more than Rs 12,000 crore
The proposed purchase of the Centre’s 52.63% stake in REC by state-run Power Finance Corporation (PFC) is facing a hurdle with the latter putting a ceiling of `12,000 crore for its transaction cost, against `15,000 crore the government hopes to garner from the deal, sources told FE. The current market price of the Centre’s stake […]
ICICI Bank-Videocon case: Chanda Kochhar, husband Deepak appear before ED
Former ICICI Bank MD and CEO Chanda Kochhar has appeared before the Enforcement Directorate office in Mumbai for questioning along with husband Deepak Kochhar in the ICICI Bank-Videocon loan PMLA case, PTI reported citing officials. This comes a day after ED searched the premises of Chanda Kochhar and Venugopal Dhoot. The raids have been conducted […]