The 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 MoP invoked its powers under Section 107 of the Electricity Act, 2003 to issue direction to the CERC stating that if there is any change in domestic duties, levies, cess and taxes imposed by central government, state government or by any government instrumentality leading to corresponding changes in the cost, the same may be treated as ‘change in law’ and may be allowed as a pass-through (unless provided otherwise in the PPA) subject to approval of appropriate commission. MoP further stated that delay in decision making at the regulator’s end was affecting the power sector and was one of the factors causing stress owing to cash flow problems with the generators.
The Allahabad High Court has refused interim relief beyond August 27, 2018, to private power companies against the Reserve Bank of India’s (RBI) circular on stressed assets thereby mandating initiation of insolvency proceedings by lenders against defaulting projects of companies. Further, the court has asked the central government to decide and take action under Section 7 of the RBI Act within 15 days. It has also asked the high-level empowered committee to submit a framework for under-resolution, resolved and impeding stressed assets by September 29, 2018. Following the order, it is estimated that lenders to about 30 stressed power assets will refer them to bankruptcy courts including 18 coal-based and 12 hydropower projects. Reportedly, power sector assets worth Rs 670 billion will go to bankruptcy courts, while work on the resolution of projects worth Rs 750 billion is underway
NTPC Limited has started the transportation of 1,233 tonnes of fly ash through waterways in association with the Inland Waterways Authority of India (IWAI) from its 2,340 MW Kahalgaon thermal power plant (TPP) in Bihar. The transportation has already commenced via inland waterways as a pilot project from the TPP to Pandu in Assam for use in cement manufacturing. For this project, first-mile activity of bagging and loading of fly ash into barges will be done by NTPC and cost of transportation will be shared by IWAI and Star Cement.
NTPC has installed an effluent recycling treatment plant at the 657 MW Jhanor-Gandhar TPP in Gujarat. The system proposed by NTPC’s R&D wing - NTPC Energy Technology Research Alliance will help achieve zero liquid discharge at the plant to optimise water costs and minimise environmental footprint. In a separate development, NTPC plans to use Indian Space Research Organisation’s (ISRO) technology to reduce pilferage of coal while transporting it through wagons on railway tracks. In this regard, a one-year pilot project was carried by ISRO by attaching the NaVIC system (an Indian regional navigation satellite system) onto a wagon on a train heading to West Bengal which helped in revealing the unscheduled stops of wagons and their stoppage time. The technology will help NTPC to combat the issue of coal theft especially in Bihar, Jharkhand and West Bengal.
An inter-ministerial panel has finalised the roadmap for the second phase of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME) scheme with an outlay of around Rs 55 billion spanning over five years. The scheme, which will be launched on September 7, 2018, will provide subsidy support for all types of electric vehicles (EVs). Under the scheme, depending on technology, battery-operated scooters and motorcycles will be eligible for incentives ranging between Rs 1,800 to Rs 29,000, while for threewheelers, the incentives will range between Rs 3,300 and Rs 61,000.
The Telangana state discoms have proposed to levy a tariff of Rs 6.10 per unit from upcoming EV charging stations while seeking a separate category for these stations. A levy of Rs 6.10 per unit at low tension (LT) voltage level and Rs 6.10 along with the time of day (ToD) charges at high tension (HT) voltage level has been proposed by the discoms to the Telangana State Electricity Regulatory Committee (TSERC). TSERC has invited comments and suggestions for the discoms’ filing until September 12, 2018.
The Himachal Pradesh government plans to invite applications from private sector companies for setting up 250 KW to 500 KW solar power projects in the state. The Himachal Pradesh Energy Development Agency will soon notify a plan for the proposed scheme with a target of reaching 20 MW of solar installations.
GE Power India Limited has closed down operations at its Maneja (Vadodara) manufacturing plant in Gujarat with effect from August 27, 2018. Considering the current market situation wherein the company is experiencing more capacity than market volumes, GE Power decided to shut down the plant that manufacturers hydropower equipment. About 95 per cent of workmen at the facility opted for the voluntary retirement scheme which was initiated by the company. The company plans to leverage its robust supply chain capabilities from within GE Group and in collaboration with suppliers to serve its customers.
Tata Power Solar, a wholly owned subsidiary of Tata Power has commissioned an 820.8 kWp solar rooftop system at the Cricket Club of India, Mumbai. The project is one of the largest rooftop installations in the country and was completed in 100 days. It has an estimated generation 1.12 MUs of electricity per annum and is expected offset 840 tonnes of carbon annually.
ReNew Power has commissioned the first phase of 126 MW of its 250 MW wind project located in Kutch district of Gujarat. The project is part of India's first wind power reverse auction that was concluded by Solar Energy Corporation of India Limited (SECI) in February 2017 under the 1,000 MW auction. The project will supply power to Uttar Pradesh, Bihar, Jharkhand and Odisha using the inter-state transmission system network
The central government, World Bank and Energy Efficient Services Limited (EESL) have signed a $220 million loan agreement and an $80 million guarantee pact to push energy efficiency programme in India. The programme, which will be implemented by EESL, will help scale up the deployment of energy saving measures in residential and public sectors, strengthen EESL's institutional capacity, and enhance its access to commercial financing. The investments under the programme are expected to avoid lifetime greenhouse gas emissions of 170 million tonnes of carbon dioxide and contribute to avoiding an estimated 10 GW of additional generation capacity. This would be over 50 per cent of the National Mission for Enhanced Energy Efficiency target of 19.6 GW indicated in India’s Nationally Determined Contributions under the Paris Accord.
JSW Energy Limited has enhanced the offer of acquiring over 75 per cent stake in Prayagraj Power Generation Company (PPGCL) which has a stressed 1,980 MW coal-based power plant in Uttar Pradesh. The development comes after lenders to PPGCL served a letter of intent (LoI) to Tata Power’s joint venture Resurgent Power to acquire the project. JSW Energy has made an offer for an upfront payment of Rs 62 billion, which is higher than Rs 60.86 billion offered by Resurgent Power.
Adani Power Limited is, reportedly, close to acquiring GMR Chhattisgarh Energy Limited’s 1,370 MW coalbased power plant as a part of the restructuring the stressed project’s loans. In the process, Adani power will take over about Rs 38 billion of project’s debt out of a total of Rs 58 billion that GMR Chhattisgarh Energy owes, along with Rs 14 billion of non-funded liabilities. A deal is likely to be announced in the next few weeks after lenders give a formal approval.
The National Company Law Tribunal (NCLT) has ordered the liquidation of Lanco Infratech after its committee of creditors rejected a revised resolution plan from Thriveni Earthmovers. Lanco Infratech has consolidated debt over Rs 450 billion from 29 lenders. It was one of the initial 12 stressed assets that were identified by the RBI for resolution under the Insolvency and Bankruptcy Code (IBC).
Tata Power’s wholly-owned subsidiary Coastal Gujarat Power Limited has raised Rs 27 billion via the issuance of non-convertible debentures (NCD’s) on private placement basis. The non-convertible debentures were issued in two series (series I NCDs amounting Rs 17 billion for a tenor of 5 years and series II NCDs amounting Rs 10 billion for a tenor of 10 years).
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
Coal India Limited (CIL) Has Signed A Memorandum Of Understanding (MoU) With NLC India Limited For The Formation Of A Joint Venture
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.
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