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.

Nov 12, 2018
Source Power Weekly Newsletter
Central Sector

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 EV charging policy has already been circulated for comments among other departments/ministries. Under the proposed policy, an individual will not require a license to set up the facility on a commercial basis or for personal use.

NTPC Limited is facing coal shortage at ten of its 24 thermal power stations across the country. About 64 per cent or 24,030 MW of its capacity is having super critical level of coal stock that can last for only three days. The company has experienced increased demand for power in the recent past which has led to higher generation and faster depletion of coal stocks.

Bharat Heavy Electricals Limited (BHEL) has commissioned the fourth 30 MW unit of Telangana State Power Generation Corporation Limited’s 120 MW Pulichintala hydropower plant in Suryapet, Telangana. With this, the project stands fully commissioned. BHEL has executed electro-mechanical package for the project comprising supply, erection, and commissioning of four sets of vertical Kaplan turbines and generators of 30 MW each.

The Supreme Court’s hearing on stressed assets in the power sector owing to Reserve Bank of India’s (RBI) circular dated February 12, 2018, is likely to be delayed. The hearing was scheduled to commence on November 14, 2018, wherein the apex court was expected to take up all cases filed against the RBI. However, most of the cases are yet to be transferred to the court which could lead to deferment of the matter.

State Sector

The Himachal Pradesh State Electricity Board Limited (HPSEBL) has decided to lay electric cables beneath the Rohtang Tunnel to check power outages in Lahaul-Spiti during winter months. The existing 33 kV transmission lines are damaged frequently because of heavy snowfall. HPSEBL has already submitted the proposal to Border Roads Organisation (BRO) to provide land for laying underground cables under the duct of the tunnel.

The Bruhat Bengaluru Mahanagara Palike (BBMP) plans to install pilot waste-to-energy plants at two of its existing waste processing units. BBMP had entered into an agreement with several wasteto-energy companies including Nexus Novus, Satarem India and Essel Infraprojects Limited to build plants on the outskirts of the city. However, the projects are facing delays owing to land acquisition, permission and infrastructure development related issues.

Private Sector

BSES Rajdhani Power Limited and BSES Yamuna Power Limited have deployed predictive forecasting tools to forecast the electricity demand in Delhi. The discoms are also being assisted by the weather portal developed by Power System Operation Corporation Limited and the Indian Meteorological Department. The discoms have projected a peak demand of 4,800 MW in Delhi in the coming winter months vis-à-vis 4,511 MW in the same period last year. The peak power demand in BRPL areas is expected to touch 1,950 MW and in BYPL areas is likely to be around 1,225 MW. Meanwhile, Tata Power Delhi Distribution Limited (TPDDL) has forecasted a peak demand of up to 1,500 MW in its area of supply. TPDDL has entered into the power banking arrangements with different states including Madhya Pradesh and Andhra Pradesh to meet the additional demand.

Projects and Ventures

Kalpataru Power Transmission Limited (KPTL) has won orders worth Rs 13.22 billion in domestic and overseas markets. KPTL's transmission and distribution business has secured orders in India, Bangladesh, Abu Dhabi, and Peru totalling Rs 9.43 billion. The company has also received a composite order for railway infrastructure construction from Rail Vikas Nigam Limited for Rs 3.79 billion in a consortium.

A group led by India Power Corporation Limited has secured a contract to build a 100 MW solar power plant in Albania. The project is the country’s first solar project. The €70 million project is set to be completed within 18 months and will be located at the Akërni salt flats, near the Vlora River on the southeastern Adriatic.


Jindal Steel and Power Limited has recorded a consolidated total income of Rs 99.83 billion for the quarter ended September 2018, an increase of 63.01 per cent over Rs 61.24 billion recorded in the corresponding period last year. The company’s net profit stood at Rs 2.79 billion in the quarter ended September 2018 vis-à-vis a net loss of Rs 4.99 billion in the quarter ended September 2017.

Suzlon Energy Limited has recorded a consolidated total income of Rs 12.21 billion for the quarter ended September 2018, an increase of 3.56 per cent over Rs 11.79 billion recorded in the corresponding period last year. The company’s net loss stood at Rs 6.27 billion in the quarter ended September 2018 as compared to a net profit of Rs 796.8 million in the quarter ended September 2017.

GE Power India Limited has recorded a total income (standalone) of Rs 5.89 billion for the quarter ended September 2018, an increase of 98.9 per cent over Rs 2.96 billion recorded in the corresponding period last year. The company’s profit after tax declined by 19.9 per cent to Rs 52.5 million from Rs 65.6 million during the same period.

Debt and Equity

The Asian Development Bank (ADB) and the Energy Efficiency Services Limited (EESL) have signed a $13 million grant agreement to be provided by the Global Environment Facility (GEF), for the additional financing of an ongoing ADB-supported project for promoting end-use energy efficiency. The grant is tied to the $200 million ADB-financed Demand-Side Energy Efficiency Sector Project. It was approved by the bank in 2016 to finance the installation of energy-efficient lights on streets and homes as well as energy-efficient water pumps across India. In a separate development, EESL is planning to raise Rs 3 billion from its promoters in the form of equity by March 2019.

West Bengal State Electricity Distribution Company Limited (WBSEDCL) and Japan International Cooperation Agency have signed a loan agreement for Rs 50 billion loan to finance the 1,000 MW pumped-storage project in Purulia. The project’s total cost is estimated at Rs 69.22 billion and is scheduled for completion by 2027.

Singapore-based Agritrade Resources has acquired SKS Power Generation (Chhattisgarh) Limited in a one-time settlement of Rs 21.70 billion with its lenders. This is the first one-time settlement resolution of a power asset post-RBI’s February circular this year. The settlement is for all the outstanding debt to State Bank of India (SBI), L&T Infrastructure Finance Company Limited and PTC Financial Services.

Renascent Power Ventures Private Limited, a wholly-owned subsidiary of Resurgent Power Ventures Private Limited has signed a share purchase agreement with a consortium of lenders led by SBI to acquire 75.01 per cent stake in Prayagraj Power Generation Company Limited. PPGCL is a subsidiary of Jaiprakash Associates that owns and operates the 1,980 MW Prayagraj TPP in Uttar Pradesh. The deal value is estimated at Rs 60 billion. Resurgent Power is a joint venture between Tata Power International Pte Limited, ICICI Bank and other global investors including Kuwait Investment Authority, and the State General Reserve Fund, Oman.

French multinational energy firm ENGIE has acquired a 90 per cent in Simpa Energy India Private Limited, a leading rural rooftop solar provider. The move reinforces ENGIE's commitment to decentralised renewable energy solutions globally and supports India's rapid transition to clean power. Simpa Energy sells solar home systems to households and small businesses in rural areas of Uttar Pradesh, Bihar, and Odisha.