The Parliamentary Standing Committee on Energy has recommended that a new framework must be adopted to resolve the issue of stressed power assets. The committee stated that the Reserve Bank of India’s (RBI) guidelines issued in February 2018 has forced the electricity sector towards non-performing assets (NPAs). The committee has recommended that appropriate, relevant and sector-specific measures to address the issue must be taken in the interest of the economy in general and the electricity sector in particular. Meanwhile, in the hearing held on August 2, 2018, before the Allahabad High Court, the RBI maintained its stand on revised rules for stressed assets and stuck to the August 27, 2018 deadline for completing resolution proeedings of these assets. The next hearing is scheduled on August 14, 2018.
The Ministry of New and Renewable Energy has written to the Ministry of Finance to exempt ongoing solar power projects from the imposition of the safegaurd duty. The Ministry of Finance recently imposed a safeguard duty against solar cell and module imports from China and Malaysia based on the final recommendations by the Directorate General of Trade Remedies. Accordingly, 25 per cent duty will be applicable from July 30, 2018 to July 29, 2019. It will be reduced to 20 per cent for the next six months until January 30, 2020, and will be further reduced to 15 per cent until July 29, 2020.
NTPC Limited has provided bidders time until August 13, 2018, to revise and resubmit their bids for the 2 GW interstate transmission system (ISTS)-connected solar photovoltaic (PV) tender in light of safeguard duty imposition. NTPC’s 2 GW ISTS-connected solar PV tender was oversubscribed three times over. Bids amounting to 6,200 MW were submitted in response to the tender. For the bid resubmission, NTPC has allowed the bidders to add a price component that will be incurred due to the safeguard duty but bidders cannot change the capacity or tariff.
The Solar Energy Corporation of India (SECI) has issued a single tender for 1.2 GW of ISTSconnected wind power projects instead of 4.5 GW that it had tendered for two tranches (V and VI). The move comes in the backdrop of tepid response to SECI‘s previous tender. The scope of work includes the setting up of the wind power projects as well as the transmission network up to the delivery point.
The National Committee on Transmission has proposed transmission projects worth Rs 5.1 billion for wind power plants in Gujarat and Tamil Nadu. Of the total, around Rs 3.93 billion worth projects will be set up in Bhuj and Tuticorin pooling stations. To address the continuous high voltage issue in southern regional grid, capacity augmentation worth Rs 1.35 billion is suggested at the Kozhikode substation. The move is aimed to address transmission constraints faced by renewable energy developers.
East Delhi Municipal Corporation (EDMC) has signed an agreement with Singapore-based AG Dauters Company to set up a waste to energy plant in Ghazipur, New Delhi. About three acres of land adjacent to the Ghazipur landfill will be provided by EDMC to the company for establishing a plant of 200 metric tonnes (mt) capacity on a pilot basis. Its performance will be evaluated for one year and thereafter, adecision will be taken to increase its capacity to process 1,500 mt garbage per day and extend the agreement for 21 years. Using plasma gasification technology, the plant will produce water and energy from the garbage. The plant is expected to be operational by 2019.
The Punjab government is planning to restart operations at two units of the 1,260 MW Ropar thermal power plant to meet the rising power demand in the state. The state cabinet had decided to shut down the units in January 2018 as they had outlived their lives and the cost of generating power was higher as compared to the power available in the open market. The demand in the state recently touched the 12,500 MW mark and is expected is expected to cross 13,000 MW.
The Delhi government has inaugurated solar plants totallling 416.5 kW in residential areas of Dwarka, Delhi. The project is expected to generate over 0.48 MUs of electricity every year. The price for power will be Rs 2.6 per unit after a reduction of Rs 2 per unit as generation-based incentive from the Delhi government. The solar plants were set up by Oakridge Energy Private Limited and Revanta based on a long-term power purchase agreement.
Sterlite Power has upgraded the capacity of 132 kV 61.6 km long Hatia-Kamdara transmission line in Jharkhand and delivered the project five months before the schedule. The line was upgraded as the Kamadara substation was heavily loaded as a newly electrified railway track running from Ranchi to Rourkela drew power from the same substation.
Bharat Energy Storage Technology Private Limited (BEST) will up a thermal battery storage facility with an investment of over Rs 6.6 billion in Andhra Pradesh. The plant is expected to commence operations in May 2019. Initially, the plant will have a capacity of 1,000 MW which will be scaled up to 10 GW in the next 6-7 years. The company’s first thermal battery, reported to be the first of its kind in the world, was launched in Andhra Pradesh on August 6, 2018. Thermal batteries are different than conventional Lithium-ion batteries and use thermal energy to operate, i.e., the energy created by temperature differences. The technology is well suited for grid balancing and stabilisations as well as EVs.
Larsen & Turbo has secured two orders worth Rs 10.8 billion from NTPC for setting up flue gas desulphurisation (FGD) systems at Khargone in Madhya Pradesh and at Lara in Chattisgarh. It has also secured orders for engineering services and supply of components in domestic and export markets.
NTPC Limited has recorded a standalone total income of Rs 228.4 billion for the quarter ended June 2018, an 11.19 per cent increase over Rs 205.42 billion in the corresponding quarter last year. Its net profit declined by 11 per cent to Rs 25.88 billion from Rs 26.18 billion during the same period.
PTC India Limited has recorded a total income of Rs 34.19 billion in the quarter ended June 30, 2018, a 13.6 per cent increase over Rs 30.1 billion recorded in the corresponding quarter of the previous year. The company’s net profit stood at Rs 614.4 million for the quarter ended June 2018, a 5.9 decrease over Rs 653.5 million during the same period last year.
Adani Power Limited has recorded a total income of Rs 39.59 billion for the quarter ended June 2018, a decline of 30 per cent over Rs 56 billion recorded in the corresponding quarter last year. The company’s net loss for the quarter ended June 2018 stood at Rs 8.24 billion as against a net loss of Rs 4.52 billion during the same period last year
Kalpataru Power Transmission Limited has recorded consolidated total revenue of Rs 13.2 billion for the quarter ended June 30, 2018 an increase of 9.8 per cent over Rs 12.07 billion in the corresponding quarter of the previous year. Its net profit stood at Rs 810.4 million in the June 2018 quarter, a 15 per cent increase over Rs 704.5 million recorded in the corresponding quarter of the previous year.
Adani Transmission Limited has recorded total income of Rs 6.94 billion in the quarter ended June 30, 2018, a 12 per cent increase over Rs 6.18 billion recorded in the corresponding quarter of the previous year. The company’s net profit stood at Rs 1.69 billion for the quarter ended June 2018, an increase of 101 per cent over Rs 841 million recorded in the same period last year.
Sembcorp Energy India has received the approval of Securities and Exchange Board of India (SEBI) to float an initial public offering (IPO). Sembcorp Energy will issue fresh shares worth Rs 40.95 billion in the offering that will also see while the existing investors will cumulatively sell up to 196.7 million shares. SembCorp Utilities will sell 128.9 million shares and Gayatri Energy Ventures will sell up to 17.8 million shares. The proceeds from the issue will be utilised to repay debts and for various general corporate purposes.
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.
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 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