The Ministry of Power has issued an order allowing thermal power generators to use coal linkage for a period of two years even if they terminate a power purchase agreement on defaults by distribution utilities.
Loaded with over capacity of thermal power, coupled with tepid demand and rising share of renewable energy, India will now witness a marked shift towards efficient supply and optimum generation mix.
Power Mech Projects Tuesday said it has bagged two orders worth Rs 412 crore in the domestic market. The company has received letter of intent/work order for civil, structural and architectural works for main plant area at 1×660 mega watt (MW) Bhusawal Thermal Power Station, Maharashtra for around Rs 285.50 crore to be completed within a period of 40 months, the company said in a BSE filing.
Bajaj Energy, a thermal power generation company based in Uttar Pradesh, has filed its draft red herring prospectus (DRHP) with the capital market regulator Sebi to raise about Rs 5,450 crore.
The proposals for solving the current stranded capacity crisis should start a process of big picture thinking to achieve better collective outcomes on multiple long-term objectives. Doing so requires some decisive changes to the status-quo
This is considered imperative to provide an effective solution to thermal power projects.
Public sector energy generation major NTPC Limited has planned to invest almost Rs 10,300 crore in Greenfield power plants in Uttar Pradesh. These plants include a proposed 1,600 megawatt (Mw) (2×800) thermal power project at Shaktinagar
India’s thermal power sector has seen a turbulent 2018. While the industry continues to face challenges on all fronts — including drop in the price of renewable energy, shortage in coal supply and inability of State distribution
Policy changes by the government over the past few years have impacted cash flow in major infrastructure sectors including power, aviation and roads, research and ratings agency India Ratings has said.
Faced with clear stranded asset risk and difficulty in accessing capital, the country’s thermal power sector is projected to witness just 3,000 megawatt (Mw) net capacity addition annually in this financial year FY19 and through FY20.