The Central Electricity Regulation Commission (CERC) has issued the Planning, Coordination and Development of Economic and Efficient Inter-State Transmission System by Central Transmission Utility and other related matters Regulations, 2018. The regulations lay down the broad principles, procedures, and processes to be followed for planning and development of an efficient, coordinated, reliable and economical system of inter-state transmission system (ISTS) for smooth flow of electricity from generating stations to the load centres.
The CERC has notified a discussion paper titled Re-Designing Real Time Electricity Market in India. The paper outlines the improvements required to ensure market operations closer to real time, to better harness not only the intermittent renewable enenrgy but also for optimal utilisation of resources in the intra-day time horizon. The commission has sought comments/suggestions on the paper by August 31, 2018.
The central government has constituted a high-level empowered committee to be headed by the cabinet secretary to look into the issue of stressed assets in the power sector. The committee comprises representatives from Ministry of Railways, Ministry of Finance, Ministry of Power, Ministry of Coal and the lenders having major exposure to the power sector. The purpose of the committee will be to resolve various issues while maximising the efficiency of investments including changes required to be made in the fuel allocation policy and regulatory framework. It will also improvise on mechanisms to facilitate the sale of power, ensure timely payments and necessary changes in Insolvency and Bankruptcy Code (IBC), Asset Restructuring Company (ARC) Regulations in order to avoid the investments to become non-performing assets.
The Ministry of Coal has decided to allocate 27 more mines to sectors including captive power plants, iron and steel, and cement. Of the 27 coal blocks, six coal mines are for the end use production of iron and steel, 13 are for end-use iron and steel, cement and captive power plants, two are for state government company for the sale of coal, and six for the purpose of own consumption of power. Under the Coal Mines Special Provisions Act, 2015, around 82 coal mines have already been allocated so far.
The Solar Energy Corporation of India has cancelled all the winning bids in its 3 GW solar power auction held on July 13, 2018, except the lowest one by Acme Solar that quoted a tariff of Rs 2.44 per unit for 600 MW of capacity. The bids were cancelled as they were deemed to be too expensive and not competitive. The cancelled projects include that of SB Energy, ReNew Power, Mahindra Solar, and Mahoba Solar (part of the Adani Group).
Kerala has emerged as the leading state in the first edition of the State Energy Efficiency Preparedness Index released by Bureau of Energy Efficiency (BEE) and NITI Aayog. Kerala, with 77 points, leads among the states and union territories, followed by Rajasthan (68) and Andhra Pradesh (66.5). The index has been developed taking into account sector-wise energy consumption, energy saving potential and states’ influence in implementing energy efficiency. The index examines states’ policies and regulations, financing mechanisms, institutional capacity, adoption of energy efficiency measures and energy savings achieved. The index has a total of 63 indicators — 59 across buildings, industry, municipalities, transport, agriculture, and discoms, and 4 cross-cutting indicators.
Uttar Pradesh New and Renewable Energy Development Agency (UPNEDA) has announced the re-bidding of 500 MW of grid-connected photovoltaic (PV) projects through tariff-based competitive bidding. This comes after the state annulled the recent auction for development of 1 GW grid-connected solar PV projects, which was won by Adani Green Energy Limited (AGEL). UPNEDA cited a high tariff of Rs 3.48 per kWh as reason for cancellation of the auction.
Karnataka has overtaken Tamil Nadu to become the top state with the highest installed renewable energy capacity of 12.3 GW. As per a report by the Institute for Energy Economics and Financial Analysis (IEEFA), Karnataka is expected to more than double its renewable energy capacity by 2027-28.
U.S. Trade and Development Agency (USTDA) and IL&FS Energy Development Company Limited (IEDL) have signed a memorandum of understanding for the development of a 41 MW hybrid wind-solar and energy storage power plant in Andhra Pradesh. The technical assistance for the project will be carried out by Kansas-based Black & Veatch.
Reliance Infrastructure Limited’s (RInfra) transaction for sale of its integrated Mumbai power business to Adani Transmission Limited (ATL) will be closed in the upcoming week. The definitive binding agreement for the same was signed in December 2017, for 100 per cent sale of stake of power, transmission and distribution. The deal has a total consideration value of Rs. 188 billion. The proceeds from this transaction will be utilised for debt-reducing and deleveraging.
Aditya Birla Renewables Limited has emerged as the lowest bidder by offering a tariff of Rs 2.79 per unit for setting up a 75 MW solar power project in Odisha in response to the state‘s 200 MW solar power tender floated by Gridco Limited. Sukhbir Agro Energy Limited, Gupta Power Infrastructure Limited, and Eden Renewable Varenne Private Limited have bagged 25 MW, 20 MW and 50 MW of capacities, respectively, at a price of Rs 3.19 per unit. Aditya Birla Renewables may set up its plant at sites in Rayagada and Sambalpur.
Power Grid Corporation India Limited has recorded a total income of Rs 84.27 billion for the quarter ended June 2018, an increase of 14 per cent from Rs 73.89 billion recorded in the corresponding quarter of 2017-18. The company’s net profit increased by 9.2 per cent to Rs 22.40 billion from Rs 20.52 billion during the same period.
Torrent Power has recorded a total income of Rs 35.80 billion for the quarter ended June 2018, an increase of 16.2 per cent from Rs 30.79 billion recorded in the corresponding quarter of 2017-18. The company’s net profit increased by 11.8 per cent to Rs. 2.27 billion from Rs 2.03 billion during the same period.
ABB India Limited has recorded a total income of Rs 27.13 billion for the quarter ended June 30, 2018, a 21 per cent increase over Rs 22.33 billion recorded in the corresponding quarter of 2017-18. The company’s net profit increased by 36 per cent to Rs 1.02 billion from Rs 750 million during the same period.
GE Power India has recorded a total revenue of Rs 4.67 billion for the quarter ended on June 30, 2018, an increase of 20.3 per cent over Rs 3.88 billion recorded in the corresponding quarter of 2017- 18. The company’s net profit stood declined by 77 per cent to Rs 24.4 million from Rs 105.8 million during the same period.
The Tata Power Company Limited has received an approval from its shareholders to raise up to Rs 55 billion (~$801.11 million) through the issuance of non-convertible debentures on a private placement basis. The amount will be borrowed after the resolution for the same is passed within 12 months. The bonds will be repayable in next 12 months.
ReNew Power Limited is in discussions with Canada's pension fund OMERs (Ontario Municipal Employees Retirement System) to raise funds worth $300 million for growth capital. The company may sell a minority stake as part of the proposed transaction. ReNew Power's other existing investors include Canada Pension Plan Investment Board (CPPIB), Abu Dhabi Investment Authority, and Japan’s JERA Co — a consortium of two of the biggest Japanese utilities.
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.
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 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.
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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