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).
Mumbai suburban power consumers have ten days to either support or raise an objection to Vidarbha Industries Power Limited’s (VIPL) petition that seeks recovery of Rs 1,255.76 crore and carrying cost of nearly Rs 400 crore from Adani
The Gujarat state electricity board has approached the Central Electricity Regulatory Commission, seeking its approval to amend the terms of the power purchase agreement (PPA) for 2,000 MW signed with Adani Power f
The Maharashtra Electricity Regulation Commission (MERC) on Tuesday, 4 December, took cognisance of the media reports highlighting an excessive hike in electricity bills in Mumbai, after business tycoon Gautam Adani’s Adani
Mumbai fumes over 50% spike in electricity bills since Adani Power took over; discom cites tariff revision in September as cause
The residents of Mumbai are agitated over inflated electricity bills ever since the Adani Electricity Mumbai Ltd. (AEML) took over the city’s power circle in August from the Anil Ambani-led Reliance Infrastructure (RInfra).
The state power regulator Maharashtra Electricity Regulatory Commission (MERC) reversed its earlier order on compensatory tariff. This will help Adani Power Maharashtra Ltd.
Shares of Tata Power Company (up 13.95 per cent), Reliance Infrastructure (up 9.32 per cent) and Adani Power (up 8.85 per cent) surged in Friday’s session amid reports that the Supreme Court agreed to examine tariffs for Adani and Tata Power.
Indian billionaire Gautam Adani’s energy unit is nearing a deal to acquire a 1,370-megawatt thermal power plant backed by GMR Infrastructure Ltd., according to people with knowledge of the matter.