Category: Power

India has proposed incentives worth 885 billion rupees ($12.4 billion) to help power plants install equipment to curb emissions, and also to develop infrastructure for electric vehicles, a government statement said on Friday. Of the 885 billion rupees, 835 billion would be used for curbing sulphur emissions from power plants, and the rest to develop […]

In a setback to the AAP government in Delhi, the Supreme Court on Thursday gave a split view on whether the Centre or the Delhi government has the power to control administrative services like appointments, transfer and posting of bureaucrats in the capital. Delivering a split verdict on the contentious issue of division of powers, […]

Utilisation levels of private thermal power generators — already distressed due to lack of adequate demand and coal supply issues — continued to remain under 60% in April-January even as thermal, nuclear and hydro power plants across the country generated 1,050.3 billion units (BU) of electricity in the period, a 4.1% year-on-year (y-o-y) growth. The […]

IFCI on Wednesday sought bids to offload its debt and equity exposure of Rs 1,670 crore to Uttarakhand-based Sravanthi Energy. The sale is being held as per the Swiss challenge method, based on an existing offer in hand worth Rs 427.50 crore for the debt and equity exposure. IFCI’s outstanding debt exposure to the project […]

Tata Power would be “very choosy” while bidding for the takeover of stressed power plants under the insolvency and bankruptcy code, a senior company official said on Wednesday. “We will focus only on plants with good equipment, long term power purchase agreements, fuel supply agreements and sustainable tariffs,” Praveer Sinha, chief executive officer, Tata Power, […]

With the current estimate of thermal sector stress at over Rs 2.5 lakh crore of investments, the future of the power sector does not look promising. The question is, has UDAY, Modi government’s flagship scheme to alleviate power sector from its distress, worked? This comes in the light of India’s power sector being one of […]

State-run power generation company NTPC has threatened to curtail power supply to Jammu & Kashmir from February 19 unless the state’s power development department clears dues that have shot up to almost Rs 2,000 crore. Of the total outstanding dues, as much Rs 1,626 crore has been pending for more than 60 days.

State-owned Power Finance Corporation (PFC) has reported a net profit of Rs 2,075.8 crore for the quarter ended December 2018 on a standalone basis, recording a year-on-year (y-o-y) rise of 70.6% from the year-ago period on the back of higher interest income and gains from foreign currency fluctuations.

The Centre IS thinking big as far as tapping the solar potential of Jammu and Kashmir’s Ladakh region is concerned. On its agenda is the creation of 23-GW solar capacity in the region, entailing investments of `45,000 crores. With a single tender for the first phase of the ‘ultra mega’ solar project having been floated, […]

Investments worth over Rs 2.50 lakh crore in thermal power projects (based on domestic coal, imported coal and gas) are facing stress, and immediate remedial measures are needed to ensure that they are revived in a time-bound manner, as per a report.

Rural Electrification Corporation (REC) recorded 16.2% year-on-year (y-o-y) rise in profit for the quarter ended December 31 to Rs 1,274.6 crore on a standalone basis on the back of higher interest income and gains from foreign currency fluctuations.

Cash-strapped Pakistan is set to receive an integrated Russian investment package of USD 14 billion for the country’s energy sector, including offshore gas pipeline and underground storage projects, a media report said Thursday. A Russian delegation headed by Gazprom Management Committee Deputy Chairman Vitaly A Markelov pledged to make the investment during a recent visit […]