The Supreme Court on Monday extended a lifeline to the three troubled imported-coal-based power plants of Tata, Adani and Essar in Gujarat by allowing the Central Electricity Regulatory Commission (CERC) to amend their power purchase agreements (PPAs) to facilitate pass-through of future fuel price escalation subject to a cap.
The three-member higher-power panel, formed by the Gujarat government, had recommended passing the burden of high fuel price to consumers, extention of the PPA and haircut to lenders to revive the stressed Adani and Tata Power projects.
With the Supreme Court giving the go-ahead to discoms and stressed power companies — Adani group and Tata Power — to appeal for amendment in power purchasing agreement (PPA) of Mundra projects, it is likely for the consumer
State Bank of India has approached the Supreme Court to implement the recommendations of a committee that had suggested increasing tariffs or waiving a portion of the loan owed by Adani, Tata and Essar Group’s power companies.
The new service stations will offer Indian customers Total's full lineup of fuels, lubricants, as well as a broad range of other products and services
French energy giant Total S A has signed an agreement with Goutam Adani-led Adani Group to join hands for investing in downstream sector in India — including foray into fuel retail segment through 1500 outlets and developing various liquefied natural gas (LNG) projects.
If Gujarat Govt’s Bailout of Power Plants Is Approved, Consumers and Lenders Will Pick up the Cheque
At a time when dozens of power plants are set to be dragged to bankruptcy courts for defaulting on loans, a high-level panel has recommended a bailout for the Gujarat-based stranded generating stations of Tata Power,
The Petroleum and Natural Gas Regulatory Board (PNGRB) on Monday declared the final list of winners of city gas retailing licences that had billionaire Gautam Adani’s group, state-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Torrent Gas as the big winners.
Banks, led by State Bank of India, are close to finalising resolution plans for at least half a dozen stressed power companies involving total loans of ₹50,000 crore, which could result in banks taking more than 50% haircut, bank officials said.
Adani Green Energy has got shareholders approval to raise funds up to Rs 5,000 crore by issuance of equity shares, GDR, ADR or debentures in its annual general meeting held yesterday.
Anil Ambani led Reliance Infrastructure Ltd (Reliance Infra) will complete the sale of its integrated Mumbai power business (Reliance Energy) to Adani Transmission Ltd (ATL) for Rs. 18,800 crore by next we
Billionaire Gautam Adani’s gas retailing unit is among firms that submitted 400 bids for the 86 areas the Indian government offered in its latest auction for city-gas licenses. Adani Gas Ltd bid for 32 licenses, chief executive officer Rajeev Sharma said on Wednesday, while its joint venture with Indian Oil Corp. (IOC) bid for 20.