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’. As per the original guidelines, the gross calorific value (GCV) of coal to be used will be corresponding to the grade fo coal specified by coal company and vetted by third-party sampling for the mine/linkage source. Under the amendment, an additional clause has been added to the above clause according to which equilibrated GCV arrived by third party sampler may be corrected for moisture loss to arrive at GCV at unloading point as per a specified formula for reconciliation of coal.
A cabinet secretary led high level empowered committee is discussing a plan to work out a gas allocating mechanism for the power sector. The proposal entails pooling of 5.45 mmscmd of deep-sea gas supplied by the Oil and Natural Gas Corporation (ONGC) with imported liquefied natural gas (LNG) and supplying to power plants. Reportedly, there are two options of allocation are under review including an auction of the gas or allocation by rotation to the power projects. In addition, the central government may provide subsidies to reduce the cost of power generation. The move is expected to revive 25 GW of gasbased capacity that is presently stressed due to the natural gas shortage. In a separate development, the Ministry of Petroleum and Natural Gas has floated a cabinet note proposing market-based price discovery mechanism and has removed power plants from the priority list for allocation of administered pricing mechanism (APM)- gas.
Solar Energy Corporation of India’s (SECI) auction for the 50 MW Dhodhainicha solar park in Maharashtra has been put off indefinitely after Tata Power Renewable Energy Limited emerged as the sole bidder for the auction. The tariff set by SECI for the auction was Rs 2.93 per unit, which was too low for the project to be viable as per the developers. The commissioning deadline for the park was 12 months from the date of signing of the power purchase agreement (PPA) which was also short. SECI had also recently postponed a 1,200 MW hybrid auction for solar and wind energy projects from October 26, 2018 to November 14, 2018 owing to tepid response. The industry is pressing for removal of Rs 2.6 per unit tariff to generate an adequate response for the hybrid auction.
North Delhi Municipal Corporation’s (NDMC) smart electricity meter project is likely to be completed by end-November 2018. Presently, the smart meters are being run in 30,000 households on a trial basis and all the households under NDMC zone will be covered by the month end. The meters will be able to communicate with the distribution companies, help reduce their aggregate technical and commercial (AT&C) losses and would let the consumers have basic controls from a mobile application. In August 2018, Energy Efficiency Services Limited (EESL) had signed a memorandum of understanding (MoU) with NDMC to replace 75,000 conventional electricity meters with smart meters. As per the MoU, EESL will fund, build, operate and manage the advanced metering infrastructure (AMI) implementation in the project area. EESL will select a system integrator to implement AMI solution within six months, integrating it with NDMC IT legacy applications.
The Maharashtra government has imposed an electricity surcharge of 10 paise per unit on industrial and commercial consumers to finance a scheme to provide 25,000 solar pumps to agricultural consumers. Under the scheme, farmers would be provided 100,000 solar pumps in three phases between 2019 and 2021, of which 25,000 would be given in the first phase. The total expense of the scheme is Rs 8.25 billion.
Azure Power has signed a letter of award (LoA) with NTPC Limited for a 300 MW solar power project, following a bid which it had won in an auction conducted by NTPC. Under the project, Azure Power will provide power from the project at a tariff of Rs 2.59 per unit for 25 years. The project is expected to be commissioned in 2021. The location of the project has not been finalised as yet. Presently, Azure Power has a portfolio of about 3,000 MW of solar capacity which includes the commissioned and the under-construction projects.
The Essel Group has signed a pact with SB Energy, the domestic arm of Japan-based SoftBank Group to jointly develop a 500 MW solar park in the country. The project will be developed by Essel Infraprojects. The agreement will enable the Softbank Group to expand its portfolio further in the country and is part of aggressive growth strategy. SB Energy was scouting for domestic partners for executing upcoming solar power projects with a capacity of 1 GW. Reportedly, SoftBank intends to invest $1 trillion by 2030 in the renewable energy sector in the country.
NTPC Limited has recorded a total income of Rs 224.85 billion for the quarter ended September 2018, an increase of 12.65 per cent over Rs 199.60 billion recorded in the corresponding period last year. The company reported a marginal drop of 0.49 per cent in net profit to Rs 24.26 billion from Rs 24.38 billion during the same period. NTPC’s gross generation stood at 68.98 BUs during the July-September 2018 quarter, about 1.47 per cent higher than 65.03 BUs recorded in the same quarter in 2017-18.
Vedanta Limited has recorded a total income of Rs 232.97 billion for the quarter ended September 2018, an increase of 3.5 per cent over Rs 225 billion recorded in the corresponding period last year. The company’s net profit declined by nearly 43 per cent to Rs 11.35 billion from Rs 19.90 billion during the same period. Vedanta recorded a 19 per cent rise in its commercial power sales during JulySeptember 2018 led by a revival in power demand. The total power sales from all its generating units during the period stood at 3,514 MUs as against 2,950 MUs in the comparable period of last fiscal year.
Power Finance Corporation (PFC) has recorded a total income of Rs 74.07 billion for the quarter ended September 2018, an increase of 8 per cent over Rs 68.48 billion recorded in the corresponding period last year. The company’s net profit increased by 10.5 per cent to Rs 13.55 billion from Rs 12.26 billion during the same period.
Adani Transmission Limited has recorded a total income of Rs 14.57 billion for the quarter ended September 2018, an increase of 94 per cent over Rs 7.51 billion recorded in the corresponding period last year. The company’s profit after tax increased by 42.7 per cent to Rs 952 million from Rs 667 million during the same period.
JSW Energy Limited has recorded a total income of Rs 13.39 billion for the quarter ended September 2018, an increase of 23.4 per cent over Rs 10.85 billion recorded in the corresponding period last year. The company’s net profit declined marginally by 0.9 per cent to Rs 709 million from Rs 716 million during the same period.
KEC International Limited has signed a share purchase agreement with Adani Transmission Limited for selling its entire stake in KEC Bikaner Sikar Transmission Private Limited (KBSTPL) at an enterprise value of Rs 2.27 billion. The KBSTPL project comprises a 400 kV 344 ckt km long double circuit Bikaner-Sikar transmission line in Rajasthan. The project was awarded to the company through competitive bidding and commissioned in December 2017. The acquisition will enhance the cumulative network of Adani Transmission to around 12,923 circuit km.
Avantha Holdings has offered to pay Rs 24.30 billion to lenders to escape insolvency proceedings for its 600 MW Jhabua power plant in Madhya Pradesh. The lenders, led by Axis Bank, were looking for firms to bail out the project outside the Insolvency and Bankruptcy Courts. The lenders have meanwhile cancelled the bid of the Worlds Window Group backed by London-based GFG Alliance, Srei Alternative Investment and Goyal MG Gases that had emerged as the successful bidder for the power plant. Avantha Holdings plans to take Rs 19 billion from Deutsche Bank, while it is also discussion with investors for another Rs 5.3 billion through an equity infusion.
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