Private power producer Tata Power will lead the nation’s renewable energy transition with gradual withdrawal from building new coal fired power plants, a report said.
The power sector and Indian Banks Association have locked horns over threshold for approving resolution plan for stressed assets in tune with the Indian Bankruptcy Code in the revised circular on stressed assets being redrawn by the RBI after the Supreme Court on April 2 struck down its earlier circular.
India will soon have 12 more nuclear plants soon to improve the power situation and ensure there is a free flow of uninterrupted power supply for both industries and residential use, a statement issued on Monday here quoted Secretary of the Department of Atomic Energy (DAE), K.N. Vyas, as saying.
The power purchase agreement will be signed in due course when the aggregator finalises with the distribution companies (DISCOMs) that are going to buy this power, said Bharat Rohra, managing director and chief executive officer of Jindal Power, a unit of Jindal Steel and Power (JSPL).
The Joint Electricity Regulatory Commission (JERC) has once again pulled up the UT electricity department for failing to introduce time-of-day (TOD) tariff system under which consumers pay less for power during non-peak hours.
The resolution of 40,000 MW of stressed power projects has come to a standstill with lenders turning reluctant to engage with investors in the absence of fresh directions from the Reserve Bank of India and regulatory overreach that has made lowering of tariff mandatory from projects being sold at lower valuations.
The Union Ministry of Environment, Forest and Climate Change (MoEF&CC) has sent a show-cause notice to the company running the Okhla waste-to-energy (WTE) plant in southeast Delhi, asking it to explain “why its Environmental Clearance (EC) granted in 2007 should not be kept in abeyance”.
After delivering handsome returns in 2016, shares of Power Grid Corp. of India Ltd began trailing the broader markets from mid-2017. Compared to a 15% rise in the Nifty 500 index, the stock lost 8% from July 2017.
At least half-a-dozen public sector firms, the railways and various ministries are in the process of creating infrastructure and manufacturing components for electric vehicles (EVs).
The delays faced by most States in achieving financial and operational goals under the much-touted Ujwal Discom Assurance Yojana (UDAY), launched in 2015, are raising niggling questions on the efficacy of the scheme.