The Appellate Tribunal for Electricity has issued a notice to Adani Power (Mundra) on the appeal challenging the Central Electricity Regulatory Commission’s (CERC) order approving the supplementary power purchase agreement (SPPA) between the company and Gujarat Urja Vikas Nigam.
The Appellate Tribunal for Electricity (Aptel) has stayed till August 28 a notice issued by the Andhra Pradesh government to three Greenko Energy group companies asking them to reduce their solar power tariff from Rs 4.50 to Rs 2.44 per unit.
Members of the opposition BJP staged a walkout from the Madhya Pradesh assembly Thursday after the Speaker did not allow a discussion over alleged inflated electricity bills being given to slum dwellers.
Ather Energy, a Bangalore- based manufacturer of smart electric scooters told CNBC-TV18 that it is looking to start localising the production of the electric motor which powers their scooters, achieving a 75-77 percent localised product by the first half of next year.
The power ministry’s order for implementing letter of credit payment security mechanism would face implementation challenges but could improve predictability of cash flows for generating companies in the long term, India Ratings and Research said.
Gujarat Urja Vikas Nigam (GUVNL) has decided to approach the Supreme Court seeking to review its decision that allows cancellation of power purchase agreement (PPA) between Adani Power and the state discom for 1,000MW supply from the company’s Mundra unit.
Prime Minister Narendra Modi’s vision of a 5 trillion-dollar economy will require an estimated investment of Rs 5 lakh crore in the transmission sector over the next few years, industry body Confederation of India Industry said in a statement today.
Water supply and sanitation department has proposed one-time settlement (OTS) of its over Rs 490 crore outstanding power bill payment towards the Punjab State Power Corporation Limited (PSPCL) on account of electricity used for various water and sanitation schemes.
Chief Minister Jagan Mohan Reddy government on Thursday slammed Telegu Desam Party chief N Chandrababu Naidu for claiming that there were no irregularities in Power Purchase Agreements (PPAs) signed by the former government.
Expressing serious concern over Power Ministry’s proposed letter of credit (LC) as payment security mechanism under the power purchase agreement, the Southern Regional Power Committee (SRPC) has requested the ministry to defer the implementation date.