The Central Electricity Regulatory Commission has notified the Deviation Settlement Mechanism (DSM) and Related Matters (Fourth Amendment) Regulations, 2018. The regulations will come into force from January 1, 2019. The commission has revised the charges for deviation in the amended regulations. In addition, amendments have been made with respect to linking of DSM price vector to the daily average clearing price discovered in day-ahead market on power exchanges and limits on deviation volume and consequences of crossing limits, among others.
The empowered committee headed by cabinet secretary has suggested measures for the revival of stressed assets in the power sector. The panel has suggested that banks can make direct payments to generators by adjusting receivables from state distribution companies. In case of default by the discoms, the Reserve Bank of India may recover the dues from the account of states and pay the financial institutions. To ensure timely payments, the panel has proposed that there should be mandatory late-payment charge for discoms. Another recommendation calls for aggregation of power procurement contracts by a nodal agency on behalf of states for 3-5 years and auctioning them with attached coal supplies.
The Ministry of Environment, Forests and Climate Change (MoEFCC) has notified a new list of standard conditions with ‘human health and environment’ criteria to be followed as a mandatory parameter by new thermal power plants (TPP) for getting environmental clearance. Accordingly, the generation companies will have to take into account chronic exposure to air and noise pollution which may adversely affect the health of the workers and people living in its vicinity. The condition will apply to coal and lignite based TPPs and the waste to energy (WtE) plants. Further, the gencos will have to get bi-annual health check-up of all workers done and take mitigation measures to address the endemic diseases.
The Ministry of Power is planning to announce a single bid for setting up 25 GW of storage linked solar capacity in Ladakh. The power from the proposed project will be delivered to Una in Himachal Pradesh. Ladakh has an estimated solar potential of 35 GW.
NTPC Limited has signed MoUs with vehicle aggregators Ola, Lithium, Shuttl, Bikxie, Bounce, Electrie and Zoom Car for development and utilisation of public charging infrastructure for the electric vehicles. The MoUs have been signed for cities of Jabalpur, Navi Mumbai, and Bhopal. In a separate development, NTPC has invited expressions of interest (EoI) for construction of fly-ash based geo-polymer concrete roads at its plants to demonstrate the use of the technology. It has completed a similar project at Dadri station as per Indian Roads Congress specifications and accreditation. In addition, 1.2-km double lane stretch is being developed by NTPC Energy Technology Research Alliance (NETRA) at Ramagundam and Farakka stations.
The Maharashtra government has signed MoU with Energy Efficiency Services Limited (EESL) to implement gas-based trigeneration projects in select government facilities in the state. EESL will implement this project under its pay-as-you-save business model, wherein it will make the entire upfront investment of around Rs 750 million. The total capacity of the project is 7 MW and it will provide end-to-end service and maintenance, along with metered cooling, heating and power, for ten years. Repayment to EESL will be done through monetisation of the energy savings. The project is estimated to bring average savings of 20 per cent towards existing capital costs for these departments. As part of the MoUs, EESL will conduct a detailed engineering study, following which the project is expected to start in the next six months.
The Telangana State Electricity Regulatory Commission (TSERC) has fixed the tariff for charging stations at Rs 6 per unit by creating a new category of consumers and ruled that no time-of-day (ToD) charges will be levied on charging stations with low tension supply. For the high tension charging stations, ToD charges will be Rs 7 per unit for time slots between 6 am and 10 am and 6 pm and 10 pm while the charges will be Rs 5 per unit for 10 pm to 6 am and Rs 6 per unit.
Adani Green Energy and SB Energy are the only two bidders to participate in Solar Energy Corporation of India’s (SECI) 1.2 GW ISTS-connected wind-solar hybrid power projects (tranche-I) tender. The tender has been undersubscribed by 150 MW as it received bids aggregating 1,050 MW with Adani Green Energy bidding for the maximum capacity of 600 MW whereas SB Energy (SoftBank) bid for 450 MW. The ceiling tariff for the projects was fixed at Rs 2.70 per unit under the tender which was considered low by the developers.
The union government has signed a loan agreement with the Asian Development Bank (ADB) worth $105 billion to support transmission system upgrades in Himachal Pradesh for increased supply of hydropower to the state and the national grid. The loan is the third tranche of the multi-tranche financing facility for Himachal Pradesh’s Clean Energy Transmission Investment Program which was approved by ADB in September 2011. The loan will have a term of 25 years with a grace period of five years and the interest rate determined by the London inter-bank offered rate (LIBOR) and a commitment charge of 0.15 per cent.
The Jharkhand government, the central government and the World Bank have signed a loan agreement worth $ 310 million for Jharkhand Power System Improvement Project to provide reliable, quality, and affordable 24x7 electricity in the state. The project will help build new power transmission infrastructure and improve the technical efficiency and commercial performance of the state power sector utilities. The plan envisages addition of over 4.5 GW generation capacities by 2022 through a mix of private and public-sector investments.
The European Investment Bank (EIB) has announced an increase in support for onshore wind investment through expansion of an existing lending programme with the State Bank of India and a new credit line with Yes Bank to accelerate private investment in wind and solar projects. Under its partnership with SBI, promoters of onshore wind projects will be able to benefit from long-term low-cost financing under a dedicated EUR 600 million renewable energy financing programme which is already supporting large-scale solar investment across India. In addition, a second renewable energy credit line is currently being finalised with Yes Bank and expected to be rolled out in the coming months.
NHPC has received an approval for the buyback proposal for 214.2 million shares at Rs 28 a piece, aggregating to Rs 6 billion. The shares represent 2.09 per cent of the paid-up share capital of the company. The offer would be through tender offer route on a proportional basis. November 30, 2018 has been decided as the record date to decide upon the entitlement, eligibility and the names of the shareholders.
NTPC is planning to buy coal-based power plants of two distressed power generators namely Rattan India Ventures and Jaiprakash Power Ventures. It is currently conducting an internal assessment of RattanIndia’s power plants at Nasik and Amravati in Maharashtra and Jaiprakash Ventures’ Nigrie TPP in Madhya Pradesh. NTPC will consider bidding in case the creditors of the two companies plan to take the projects to bankruptcy courts.
GAIL India Limited is planning to buy 775 MW of wind energy assets from Infrastructure Leasing & Financial Services (IL&FS) Energy Development Company and has approached the investment banks to advise on a possible deal. While the discussions are at a preliminary stage at present, the deal will help IL&FS to ease its debt burden and enable GAIL to increase its renewable energy portfolio by 129 MW.
GVK Power and Infrastructure Limited has received the shareholders’ approval to raise Rs 80 billion by a combination of various options like disposal, sales, lease, hypothecation, mortgage, charge or otherwise of all or any of the immovable and movable properties of the company. The proceeds will be used for the repayment of outstanding financial obligations of the company.
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 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 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