Days before the Lok Sabha election dates were announced, the government paved the way for Adani Power Limited (APL) to set up India’s first power sector special economic zone (SEZ) by amending guidelines.
In a major relief to greens, the National Green Tribunal, principal bench, New Delhi, has directed the state government to carry out a carrying capacity study in the region where Adani’s Udupi Power Corporation Limited is situated.
Adani Power Maharashtra (APM), which operates 3,300 mw of thermal power plant Tiroda in the Vidarbha region, cannot escape from its responsibility to fully utilize the fly ash as per its commitment and action plan submitted to the union ministry of environment of fores
As dues owed to power generators by the state-owned electricity distribution companies (discoms) continue to rise, the government is deliberating to introduce a pre-paid mechanism to safeguard the interest of power producers.
Indonesian coal miner Adaro, Adani Power and state-run NLC India are among a dozen companies that have expressed interest in buying IL&FS Tamil Nadu Power and related assets of the debt-laden IL&FS group, two people familiar with the matter said.
India’s electricity supply deficit has more than halved to 2 per cent despite annual peak demand rising nearly 21 per cent from 2013-14 to 2017-18. The peak demand is an assessment of the maximum power requirement during any time of the year.
The second round of coal auction under the Centre’s SHAKTI scheme for stressed assets would keep out former winners and bidders. Private power players have raised concern with the Cabinet Secretary that the bidding guidelines under SHAKTI-II
Standalone power plants dedicated to exports can now qualify as special economic zones (SEZs) and be eligible for all tax sops as the Board of Approval for SEZs has approved a Department of Commerce proposal to amend existing rules which disallow it.
Adani Power Ltd is close to acquiring the GMR Chhattisgarh power project under the Samadhan Scheme of State Bank of India, two bankers in the know told BloombergQuint on condition of anonymity.
The Union government has plans to invite bids for Rs 16,000 crore worth of power transmission projects this year (2019), with most of them connecting renewable energy projects to the grid, reports Business Standard (BS).