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December,12,2018,Wednesday

WEEKLY NEWS UPDATES IN POWER/COAL/MINES/RE

LATEST NEWS

January-May 2018 — Low Coal Stocks: More Power Plants Face Crunch This Year

January-May 2018 — Low Coal Stocks: More Power Plants Face Crunch This Year

Over the past 10 months, a number of thermal power plants across the country are running with sub-optimum levels of fuel stocks due to inadequate supply of coal.

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MOST NOTABLE STORIES OF THE WEEK

KP Energy Limited to add 1231 MW in two years

KP Energy Limited to add 1231 MW in two years

Gujarat based KP Energy Ltd., (scrip code 539686) has announced that it will add over 1231 MW within next two years to the existing 205.8 MW. The rapid ramping up of capacity comes soon after a slew of measures, impacting the regulatory framework, announced by the Government in its bid to meet the target of 60 GW of wind energy by 2022.

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CEC Kargil Discusses Setting Up Of Mega Solar Power Projects With MNRE Scientists

CEC Kargil Discusses Setting Up Of Mega Solar Power Projects With MNRE Scientists

Chairman and Chief Executive Councilor Kargil, Kacho Ahmad Ali Khan, today held a meeting with a team of scientists from the Ministry of New and Renewable Energy (MNRE) who were on a seven-day visit of Kargil and Leh districts in connection with the establishment of ultra mega solar power projects in the twin districts.

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Govt brings relief to 2,500 Mw thermal power stations with pilot scheme

Govt brings relief to 2,500 Mw thermal power stations with pilot scheme

Electricity generating firms would now be able to sell power without binding pacts, as the Union government on Monday allowed procurement of power for three years under medium term from generators with commissioned projects but without Power Purchase Agreement (PPA).

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Shootings in India tarnish Vedanta’s reputation

Shootings in India tarnish Vedanta’s reputation

After 99 peaceful days of protests, the 100th brought carnage. On May 22nd in Tuticorin, a coastal town near the southern tip of India, police indiscriminately fired live rounds into a crowd of several thousand demonstrators who were opposing the planned expansion of a copper-smelting facility.

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Vedanta's copper smelter plant closure won't 'materially affect' cash flow, says S&P

Vedanta's copper smelter plant closure won't 'materially affect' cash flow, says S&P

The closure of Vedanta Resources PLC's Indian copper smelter is marginally negative for the company and will not materially affect its cash flows, S&P Global Ratings said today.

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Analysis: Copper prices to rise for Indian manufacturers after Vedanta smelter closure

Analysis: Copper prices to rise for Indian manufacturers after Vedanta smelter closure

Indian electrical goods manufacturers will have to rely more on imported copper and are bracing for a rise in costs, after the government in Tamil Nadu this week ordered the permanent closure of Vedanta’s copper smelter there.

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How Badly Will Sterlite Copper Shutdown Affect Copper Production In India

How Badly Will Sterlite Copper Shutdown Affect Copper Production In India

One of India's largest copper production plants - Sterlite Copper at Tuticorin - is shut.

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JSW Steel, Vedanta vie for Usha Martin’s specialty steel business

JSW Steel, Vedanta vie for Usha Martin’s specialty steel business

JSW Steel and Vedanta have expressed an interest to acquire the specialty steel business of Usha MartinNSE -0.83 %, a sale fetching a maximum of ?5,000 crore that will help the Kolkata-based company pare its debt, two people aware of the development told ET.

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Vedanta Prepares Legal Challenge To India Copper Plant Closure After Fatal Protest: Sources

Vedanta Prepares Legal Challenge To India Copper Plant Closure After Fatal Protest: Sources

Vedanta Resources is working on a legal challenge to an Indian state's closure of one of its copper smelters, but it will not proceed until tensions over the deaths of 13 people during protests last week have eased, two sources told Reuters.

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Anil Agarwal’s Vedanta may face investor, political unrest

Anil Agarwal’s Vedanta may face investor, political unrest

A troubled 2018 so far for billionaire Anil Agarwal’s Vedanta Ltd may get worse amid concern that its key copper smelter in southern India could remain shut until 2019, further pressuring a stock that’s down 25% since the start of the year.

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CERC Proposes Payment Based On Supply To Gencos

CERC Proposes Payment Based On Supply To Gencos

In a bid to assist loss-making power distribution companies (discoms), the Central Electricity Regulatory Commission (CERC) has proposed that payment which they make to power generators would be according to the energy supply to discoms, rather than just plant availability.

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Exxon pulls offshore workers; Shell, Chevron cut output due to Alberto

Exxon pulls offshore workers; Shell, Chevron cut output due to Alberto

Exxon Mobil Corp evacuated non-essential workers from the Lena production platform in the Gulf of Mexico ahead of Subtropical Storm Alberto, the company said on Sunday.
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