The move comes on the backdrop of the deep financial stress being faced by the power industry due to non-payment of dues The Union power ministry has directed electricity generators to snap supplies to state distribution companies which have failed to open or maintain bank guarantees. Following this directive, the states will have no option […]
Schemes are being rationalised to reduce cost of supply and power: AK Bhalla, Power Secretary
Various reasons like availability of fuel for plants and absence of power purchasing agreement has created stress in the power sector, says AK Bhalla, Union Power Secretary, during an interview with Zee Business. Various reasons like availability of fuel for plants and absence of power purchasing agreement has created stress in the power sector, says […]
Short-term power market gains as long-term PPAs recede, shows data
The share of short-term power market moved up from 6.1 per cent in FY09 to 11.7 per cent in FY19, shows data released by the Central Electricity Regulatory Commission The short-term power market in the country has surged ahead over the past decade with the gradual drying up of long-term power purchase agreements (PPAs) inked […]
Union Budget 2019: Centre to implement ‘One Nation, One Power’ grid to end India’s power woes
The Narendra Modi government is looking to implement ‘One Nation, One Power’ grid in the power sector, to ensure power connectivity to states at affordable rates, union finance minister Nirmala Sitharaman said in the union budget announcement on Friday in the Parliament. A package for power sector tariff and structural reforms to the sector will […]
Five Year Vision Document for Power Sector
Five Year Vision Document for Power Sector For more information please see below link:
Govt moves to chart five-year road map for power sector
Raj Kumar Singh to hold a meeting of key stakeholders on Monday to help prepare the power sector road map for the country Power ministry proposes a ‘power sector council’ to address issues between the Union and states as part of a 100-day plan NEW DELHI: With the National Democratic Alliance government stepping up efforts […]
Stressed power assets set to amplify unemployment crisis: Study
Report forecasts that if a significant volume of India’s coal-fired capacity turns stranded, the phenomenon could affect labour directly or indirectly linked to the coal value chain As India battles unemployment, the muted fresh capacity additions in coal-fired generation and stressed power assets are set to magnify the job crisis, a study said. A report […]
NTPC tempers growth in coal-fired capacities, meets under 25% of FY19 goal
In 2018-19, the PSU major signalled intentions of abandoning coal-based projects amounting to 9.3 Gw in Andhra Pradesh, West Bengal and Odisha The country’s sagging growth in new capacity additions in coal-fired power seemed to have rubbed on state controlled NTPC Ltd, the largest power generator. Between 2012-13 and 2015-16, the country had added as […]
Motilal Oswal initiates Torrent Power with ‘buy’, says best play in private power sector
Motilal Oswal initiated coverage on Torrent Power with a rating of “Buy” after considering it as the best play in the private power sector The brokerage initiated a ‘buy’ rating on the stock with a price target of Rs 315 per share. Motilal Oswal initiated coverage on Torrent Power with a rating of “Buy” after […]
Energy transition is on smooth road and fast track in India
Global energy transition is on a fast track and India is not far behind. India’s absolute commitment towards carbon neutral economy is well appreciated. Prime Minister Narendra Modi is one of the biggest supporters of expanding green and sustainable sources of energy, thereby mitigating risks of damaging the environment. With reference to energy transition, countries […]
