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. In addition, amendments are also proposed in the Act to accelerate setting up of electric vehicle (EV) charging stations, as presently, only distribution utilities can sell power, including for EV charging stations. MoP is planning to introduce the Electricity Act Amendment Bill in the upcoming budget session of the parliament.
The Ministry of Coal has allocated 11 coal blocks with an aggregate production capacity of 225 mt to various subsidiaries of Coal India Limited. Reportedly, three coal mines in Jharkhand have been allocated to Eastern Coalfields Limited, four mines in Odisha to Western Coalfields Limited and four mines, two each from Bihar and Jharkhand, to Bharat Coking Coal Limited. Post allocation, all of CIL’s subsidiaries will produce over 100 mt of coal per annum. The allocation of new coal blocks has been carried out after a gap of early two years in view of increasing coal demand. The move is in line with the union government’s target of achieving 1-billion-tonne of coal production by 2020
The union government is planning to set up a $350 million fund to finance solar projects in the country under the International Solar Alliance. Nine companies and banks have agreed to develop and finance various solar projects under ISA, which include a $1billion joint corpus of NTPC Limited and CLP India Private Limited. Further, Yes Bank will mobilise $1 billion by 2023 and $5 billion by 2030 for financing solar energy projects in the country under the ISA initiative. The move is in line with the government’s ambitious target of achieving 175 GW of renewable energy capacity by 2022. /p>
The Tamil Nadu Generation and Distribution Company Limited (TANGEDCO) is planning to set up 125 new power substations in the state. The utility has already commenced the task of identifying suitable spots for establishing the substations. In line with this, the foundation stone for the 110/22 kV substation was laid in the Uppulapalayam village in Tamil Nadu. Further, as part of its initiative to augment power generation capacity in the state, TANGEDCO has signed a memorandum of understanding (MoU) with Bharat Heavy Electricals Limited (BHEL) for setting up a 1,320 MW coal-based power project in Udangudi in Thoothukudi district. The state government has proposed the setting up of several projects aggregating 13,000 MW over the next five years.
In a bid to tackle the power crisis in Andaman and Nicobar Islands, NTPC will set up a 15 MW solar power plant in south Andaman by March 2018. In the long run, NTPC plans to establish a 50 MW gas-based power plant, for which Petronet LNG Limited will construct a floating storage and re-gasification unit. Further, NTPC and NLC India Limited are also planning to set up solar power projects with battery energy storage systems in the islands. In addition, Power Grid Corporation of India Limited will set up an energy management centre in the islands, funded by the MoP.
The Andhra Pradesh Power Generation Corporation Limited (APGENCO) has moved the National Company Law Tribunal (NCLT) to recover arrears from the Telangana State Northern Power Distribution Company Limited (TSNPDCL). Reportedly, arrears worth Rs 37 billion are pending from TSNPDCL on account of power procurement from APGENCO for a period of over three years following the bifurcation of Andhra Pradesh. In June 2017, APGENCO suspended power supply to the state on account of non-payment of dues.
The Karnataka Electricity Regulatory Commission (KERC) has reduced the base tariff for an upcoming solar power auction in the state from Rs 4.36 per unit to Rs 3.57 per unit. Karnataka Renewable Energy Development Limited (KREDL) will initiate an auction for awarding 860 MW solar power projects in the state. Further, KERC has approved to extend the completion timeline for the projects under the auction from 12 months to 18 months. However, if the project is delayed, the tariff will be lowered to 80 per cent of the winning bid and a delay beyond three months will not be allowed.
Azure Power Global Limited has commissioned a 100 MW solar power project in Telangana. The project was auctioned by NTPC and will supply power at a tariff of Rs 4.67 per kWh, for a period of 25 years. The project has been set up under the Jawaharlal National Solar Mission Phase-II, Batch-II, Tranche-I and is spread across 500 acres spanning the Nagar Kurnool and Ranga Reddy districts. In a separate development, Azure Power has secured a 200 MW solar power project in the Bhadla solar park in Rajasthan through an auction conducted by SECI. The company will enter into a 25-year power purchase pact to supply power to SECI at a tariff of Rs 2.48 per kWh.
BHEL has secured a Rs 28 billion contract from Maharashtra State Power Generation Company Limited (Mahagenco) for the setting up the 600 MW unit 6 of Mahagenco’s Bhusawal coal-based power station. The scope of work involves the design, engineering, manufacture, supply, construction, erection, testing and commissioning of the unit. The 1,420 MW Bhusawal station currently has two sets each of 210 MW and 500 MW which have been supplied and commissioned by BHEL.
GE Power India has secured an order worth of Rs 8.18 billion from Navayuga Engineering Company. The scope of works under the order entails design, engineering, manufacturing, supply, erection, testing and commissioning of 12 80 MW capacity vertical full Kaplan turbine generator sets along with all associated auxiliary and ancillary equipment.
Adani Power Limited has recorded a total income of Rs 22.55 billion for the quarter ended December 2017, a decline of 15.95 per cent compared to Rs 26.84 billion recorded in the corresponding period of 2016-17. The company’s net profit stood at Rs 7.91 billion compared to a net loss of Rs 8.22 billion recorded in the same quarter last year.
Resurgent Power Ventures Pte Limited has emerged as the front-runner to buy Jaypee Power Ventures Limited (JPVL). JPVL has a portfolio of coal and hydropower projects aggregating 2,200 MW along with Rs 120 billion in loans following the process of strategic debt restructuring. Apart from JPVL, Resurgent Power has bid for the 1,370 MW coal based plant in Chhattisgarh, operated by GMR Infrastructure Limited. Resurgent Power does not own any electricity generating assets and has thus been looking at acquisition opportunities.
Greenko Group Plc is planning to acquire the power transmission business of Essel Infraprojects Limited, consisting five projects, for $1 billion. The deal is expected to be one of the largest deals in the Indian electricity transmission segment. Greenko currently has a portfolio of over 3.2 GW and plans to attain an operating capacity of 5 GW by 2019.
Sembcorp Industries Limited is planning to file for an initial public offering (IPO) of its Indian unit to raise $500-600 million. The Indian arm of the company comprises thermal and renewable power assets aggregating 4,000 MW. Credit Suisse and Axis Capital Limited are managing the initial share sale of the company.
Caisse de dépôt et placement du Québec (CDPQ), Canada’s second largest pension fund, is reportedly mulling to acquire a stake in CLP India Private Limited. CLP India is one of largest foreign investors in the Indian power sector with 3,000 MW of installed capacity across coal, gas and wind projects.
Hero Future Energies Limited, ReNew Power Ventures Private Limited, and Greenko Energy Holdings Private Limited are planning to acquire the assets of Canada-based SkyPower Global, which is planning to exit the Indian market. SkyPower had won contracts to set up three solar projects of 50 MW each in Madhya Pradesh and Telangana, in 2015. The company has, however, not been able to commission these projects and is, thus, planning to sell these.
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 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
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