Coal India Limited (CIL) has signed a memorandum of understanding (MoU) with NLC India Limited for the formation of a joint venture (JV) company for setting up solar power projects aggregating 3,000 MW and thermal power projects (TPP) totalling 2,000 MW. The projects, which will be financed by a debtequity mix of 70:30, will have a cumulative investment of Rs 120 billion. Further, the JV will come up on equal equity participation of 50:50 and will have a timeline of 15 months for completion of solar power projects and 60 months for the completion of the TPPs
PTC India Limited has signed a $1.8 billion deal with the Bangladesh Power Development Board (BPDB) on October 9, 2018, to supply 200 MW of power. PTC has signed two new agreements for supplying 200 MW on short and long term basis for 15 years. The short-term power will be supplied from the power pool of West Bengal State Electricity Distribution Company Limited, while the long-term power will be supplied through an imported coal project of Meenakshi Energy Limited. At present, PTC is already supplying 290 MW of power to Bangladesh.
The Indian government has signed a pact with Russia to build six more nuclear reactors in India. Russia’s state owned firm Rosatom would build its third-generation water-water energetic reactors (WWER) at a new site, other than Kudankulam (Tamil Nadu) and the earlier proposed Haripur (West Bengal), with increased participation from Indian companies. In addition, the pact would facilitate the participation of Indian companies in Russian-designed nuclear power projects in at least one more country other than Bangladesh, where Indian companies are already participating in an upcoming project (Roopur). Further, negotiations on the production of nuclear fuel assemblies in India also proceeded further.
Captive power producers (CPPs) have booked 87 per cent of coal on offer in a recent CIL’s auction at an average premium of 21.54 per cent in the first ten days of the auction that offered a five year supply through e-bidding. CIL has lined up 17 million tonnes (mt) of coal to be supplied to CPPs in this round of auction. So far, 12.66 mt of coal from CIL’s subsidiaries has been put on offer, of which 11 mt has been booked. The average notified price for the booking was Rs 1,216 per tonne with an average premium of Rs 300 per tonne.
A high powered committee appointed by the Gujarat government in July 2018 has submitted its report to Gujarat Urja Vikas Nigam Limited (GUVNL), recommending a revision in the tariff structures of the power purchase agreements (PPAs) for the three stressed projects in the state. The projects include Adani Power’s 4,620 MW Mundra TPP, Tata Power’s 4,000 MW Mundra Ultra Mega Power Project, and Essar Power’s 1,200 MW Salaya TPP. The committee has recommended to pass on the fuel cost to the consumers prospectively and extend the term of PPAs by ten years. It has also suggested lenders taking a cut in the interest rates in order to reduce the fixed costs by up to 20 paise per unit.
Essar Power has completed its Rs 800 billion capex programme with the commissioning of the second 600 MW unit of the 1,200 MW Mahan coal-based power plant in Madhya Pradesh. The second unit is supplied by China-based Harbin Electric and is designed to perform at optimum efficiency with domestic coal from pithead mines in the region. The company also established the Gajra Behra railway siding to handle coal requirements of the plant as well the 400 kV transmission system as part of the project. The company’s total installed capacity now stands at 3,830 MW and another 1,260 MW is under construction.
JSW Energy Limited is planning to revive the 240 MW Kutehr hydro power project in Chamba district of Himachal Pradesh. The project, conceived in 2007, was put on hold as the company could not sign a long-term power purchase agreement (PPA) with the buyers. The company has bid to supply 240 MW of the 500 MW for which bids were called by the Haryana government and is waiting for the result of the auction to take a final decision regarding the project.
The Indian Captive Power Producers Association (ICPPA) have requested the Prime Minister's office (PMO) to take steps to address the issue of coal shortage. The association, which comprises members from many industries including metals, has sought support for immediate resumption of coal supply for the industry (particularly aluminium) to sustain operations and rakes allocation on priority for optimum coal materialisation at par with independent power producers (IPP). ICPPA also expressed concerns on the difference in the price of coal supplied to IPPs and CPPs.
SoftBank, Acme Solar and Avada Energy have commissioned 360 MW, 200 MW and 60 MW capacities respectively at the Bhadla solar park in Rajasthan. With this, the total capacity of the solar park has reached 1,365 MW. The Bhadla solar park has a total capacity of 2,255 MW. The remaining 880 MW capacity will be installed by Hero Future Energies (300 MW), Azure Power (200 MW), Softbank (200 MW) and ReNew Power (50 MW) and will be commissioned by March 2019.
Bharat Heavy Electricals Limited (BHEL) has secured four orders worth Rs 29 billion for emission control equipment from NTPC Limited. The scope of the order includes supply and installation of flue gas desulfurisation (FGD) systems for the control of SOx emissions at NTPC’s 1,980 MW North Karanpura TPP in Jharkhand, 1,000 MW Mouda Stage-1 TPP in Maharashtra, and 1,980 MW Barh Stage-1 TPP and 1,320 MW Barh Stage-II TPP in Bihar
L&T construction has secured multiple orders in domestic and international transmission and distribution market. Domestically, the orders were secured for the implementation of a high voltage distribution system in semi urban and rural areas of Kharagpur and Midnapur in West Bengal. On the international front, it has secured engineering procurement and construction (EPC) orders worth Rs 18.81 billion for constructing 22 132/11 kV substations in Kuwait.
Genus Power Infrastructures has secured an order worth Rs 3.12 billion from a state-owned utility for implementation of advanced metering infrastructure (AMI), including supply of 0.43 million smart meters. Reportedly, this is the single largest order for AMI, directly finalised by any state utility in the country
Indore Smart City Development Limited has issued a tender worth Rs 157.90 million for installation of 30,000 smart meters under the Indore Smart City project. The scope of work includes the supply, installation, testing, and commissioning of smart meters with radio frequency (RF) mesh communication. The bid-submission deadline is October 31, 2018. The time for completion of contract is 24 months.
NTPC has announced a voluntary liquidation of its JV with Bharat Forge under the Insolvency and Bankruptcy Code (IBC). BF-NTPC Energy Systems, a 49:51 joint venture between NTPC and Bharat Forge was incorporated in June 2008 with an aim of taking up manufacturing of casting, forgings, fittings, etc required for power and other industries. However, due to non-commencement of any business yet, both JV partners have decided to close down the company.
Greenko Energy Holdings has signed a pact to buy the assets of Pune-based Skeiron Green Renewables in Andhra Pradesh and Karnataka. The combined deal of Orange and Skeiron will add 1,300 MW of operating and near-completion wind and solar assets to Greenko along with an increase in the company’s operational capacity of wind, solar and hydroelectricity to 4.5 GW.
Infrastructure Leasing and Financial Services Limited (IL&FS) has put up the wind energy assets aggregating 775 MW for sale and entrusted HSBC to find them a buyer. The process to sell the wind energy platform, IL&FS Wind Energy, was initiated after a planned merger with the Orient Green Power Company failed. The wind assets are reportedly valued at around Rs 45 billion.
Suzlon Energy Limited is aiming to reduce 40 to 50 per cent of its debt by asset monetisation by March 2019. In the past, the firm had restructured its loans and had long term debt of Rs 71.40 billion. The move is reflective of the company’s anticipation of a rise in the sales volume in the next financial year.
The Central Electricity Regulatory Commission (CERC) Has Issued The Cross Border Trade Of Electricity Regulations, 2019
The Central Electricity Regulatory Commission (CERC) Has Notified The Tariff Regulations, 2019
Cabinet Committee On Economic Affairs (CCEA) Has Allowed Coal Block Allocatees The Flexibility To Sell 25 Per Cent Of The Coal Output In The Open Market On Payment Of An Additional Premium.
The Ministry Of Power (MoP) Has Proposed Incentives Worth Rs 885 Billion To Encourage Power Plants To Install Emission Control Equipment And Develop Infrastructure For Electric Vehicles (EVs).
The Central Electricity Regulatory Commission (CERC) Has Notified The Terms And Conditions Of Tariff (Second Amendment) Regulations, 2019
The Ministry Of Coal (MoC) Has Agreed To The Proposals Submitted By The Cabinet Secretary P.K. Sinha-led Panel
The Ministry Of Power Is Planning To Finalise The Proposed Hydro Policy In Order To Revive Stalled Hydropower Projects Aggregating About 5,950 MW
The Central Electricity Regulatory Commission (CERC) Has Issued A Discussion Paper On “Market Based Economic Dispatch Of Electricity: Re-designing Of Day-Ahead Market (DAM) In India”
The Ministry Of Power Has Decided To Convert All Existing And New Meters Into Smart And Prepaid Meters Within Three Years Starting From April 1, 2019
The Central Electricity Regulatory Commission (CERC) Has Notified The Draft CERC (Terms And Conditions Of Tariff) Regulations, 2019
The Central Government Has Constituted A Group Of Ministers (GoM) Headed By The Finance Minister To Examine
The Ministry Of Power Has Announced That The Households In Eight More States Have Achieved 100 Per Cent Electrification Under Saubhagya.
The Central Electricity Regulatory Commission Has Notified The Deviation Settlement Mechanism (DSM) And Related Matters (Fourth Amendment) Regulations, 2018
The Ministry Of Power Is Planning To Introduce An Electric Vehicle (EV)s Charging Infrastructure Policy Which Would Allow Individuals To Set Up Charging Stations For Commercial Use.
The Ministry Of Power Has Notified An Amendment In The Methodology For Use Of Coal By States In Private Generating Stations Under ‘Case-4: Flexibility Of Utilisation Of Coal In IPPs.
The Supreme Court Has Asked The Central Electricity Regulatory Commission (CERC) To Review Power Purchase Agreements (PPAs) Of The Thermal Power Plants (TPPs) By Adani Power Limited, Tata Power Company Limited And Essar Power Limited In Gujarat.
The Ministry Of Coal Has Issued A Tender For Allocation Of Coal Mines For Companies Engaged In Specific End-use Sectors
The Ministry Of Power (MoP) Has Announced Rs 1 Billion Award For States That Would Complete Household Electrification Early Under The SAUBHAGYA Scheme
The Central Government Is Likely To Resume Allotting Coal To Merchant Power Plants That Supply Electricity To The Short-term Market
The Ministry Of Environment Forest And Climate Change Has Accorded Environmental Clearance To NTPC Limited For The 1,320 MW Talcher Expansion Thermal Power Project In Odisha
The Ministry Of Environment, Forest And Climate Change (MoEFCC) Has Issued A Draft Notification To Add A New Rule In Environment Impact Assessment Notification, 2006
The Ministry Of Power (MoP) Has Notified The Draft Electricity (Amendment) Act, 2018 Carrying The Proposed Amendments To The Electricity Act, 2003.
The Central Electricity Regulatory Commission (CERC) Has Notified A Discussion Paper Titled ReDesigning Ancillary Services Mechanism In India.
Ministry Of Power Has Issued A Direction To The Central Electricity Regulatory Commission (CERC) To Allow Changes In Any Central Or State Government Duties To Be Passed Onto Electricity Tariffs To Consumers Post Bidding
The Central Electricity Regulatory Commission (CERC) Has Notified The Draft Open Access In Inter-State Transmission (Fifth Amendment) Regulations, 2018
The Parliamentary Standing Committee On Energy Has Recommended That A New Framework Must Be Adopted To Resolve The Issue Of Stressed Power Assets
The Central Electricity Regulation Commission (CERC) Has Issued The Planning, Coordination And Development
The Ministry Of New And Renewable Energy (MNRE) Has Suggested The States To Waive Off Certain Cess And Taxes To The Developers Of Small Hydro Power (SHP) Projects (less Than 25 MW Capacity) For Six Years
The Ministry Of Power (MoP) Has Notified A Draft Concept Note On Merit Order Operation For Flexibility In Generation And Scheduling Of Thermal Power Stations
The Ministry Of Power Has Proposed To Change The Mandatory Default Setting For Air Conditioners
The Ministry Of Power (MoP) Is In The Process Of Finalising Guidelines To Improve Coal Supply To Thermal Power Plants
The Indian And French Governments Have Signed An Agreement To Expedite Work On The 9,600 MW Jaitapur Nuclear Power Plant In Maharashtra And Commence Work On The Site By The December 2018
The Central Government Has Launched The National E-Mobility Programme To Provide An Impetus To The E-mobility Ecosystem In The Country
The Nuclear Power Corporation Of India Limited
The Ministry Of Power (MoP) Is, Reportedly, Planning To Amend The Electricity Act, 2003 To Impose Penalties On Discoms For Load Shedding And To Introduce Direct Subsidy Transfers By State Governments To Consumers.
FLY ASH UTILISATION 2018 Conference Expo And Awards Is Scheduled On 15-16 March 2018
100 Years - A Century Old Legacy
The Ministry Of Environment, Forests And Climate
NTPC Limited Is Planning
The Ministry Of Power (MoP)
The NITI Aayog Is Expected To Introduce
The Central Government Is Planning To Soon Notify A New Policy On Coal Linkages
Macawber Beekay Has Received The Recommendations From American Society Of Mechanical Engineers
The Ministry Of Power Has Issued
Indian And Bangladeshi Companies
The Central Electricity
The Central Electricity Regulatory
The Ministry Of Power (MoP) Is At An Advance Stage
Coal India Limited(CIL) Is Offering Domestic
The Central Electricity Regulatory Commission
The NITI Aayog Has Notified The Draft National
The Ministry Of Power Has Evaluated The Status Of 34 Stressed Thermal Power Plants
The Niti Aayog Hasasserted In ItsThree-year Action Agenda
Raj Kumar Singh Has Been Appointed As The New Union State Minister For Ministry Of Power
The Ministry Of Power