The central government has cancelled the joint allocation of a coal block in Odisha to state-owned NTPC and Jammu & Kashmir State Power Development Corporation. NTPC and Power Development Department, Jammu and Kashmir, had earlier requested the coal ministry for cancellation of the coal block.
National energy major NTPC is planning to set up an ultra-mega solar park in the Kutch region of Gujarat that will produce up to 5,000 mega watts and involve an investment of Rs 20,000 crore or more. “We are looking at setting up an ultra-mega solar park in the Kutch and also one in Rajasthan.
State-owned power giant NTPC on Saturday posted a 5.63 per cent rise in its consolidated net profit to Rs 2,840.28 crore in the June 2019 quarter.
An unprecedented ongoing strike resulting in the closure of as many as nine coal mines in Talcher Coalfields over 11 days threatens to cause major power crisis across several states.
NTPC, an Indian state-owned electricity generator, has opened bids to set up a 20 MW grid-connected floating solar project. It will be built at a reservoir that is part of the company’s Auraiya Gas Power Plant in the state of Uttar Pradesh.
The NTPC’s 3000MW Kaniha plant shut down another 500MW unit because of the severe coal crisis in Talcher. This takes the number of closed units to four out of six. As a result, power generation has been reduced to around 700MW, affecting supply to 17 states including Jharkhand
Amid a row between discoms and clean energy developers over renegotiation of tariff, NTPC Chairman and Managing Director Gurdeep Singh on Friday suggested setting up of renewable projects without power purchase agreements (PPAs).
Several of ‘maharatna’ and ‘navratna’ companies, including ONGC, IOC, GAIL and NTPC, could soon become independent board-run entities outside the scrutiny of CAG and CVC if the government implements a proposal to take out the PSU
NTPC, India’s largest energy conglomerate with an installed generation capacity of 55,126 mw, has received licence from the Central Electricity Regulatory Commission for inter-state trading in electricity in the whole of India.
India will likely give up direct control of its most-profitable state-run behemoths as Prime Minister Narendra Modi seeks to keep the budget deficit in check, while reviving investments to spur economic growth.