New Delhi: In what may further exacerbate India’s stressed power project situation, solar capacities totaling ?28,000 crore face viability risk due to imported solar modules becoming costlier, with the continuous fall in the rupee, ratings agency Crisil Ltd said on Monday. Most solar power developers in India have been sourcing solar modules and equipment from countries su...
New Delhi: Rating agency CRISILbelieves that thermal powercapacity additions may halve over the next five years on truant power purchase agreements, erratic coal supplies and rise in renewables. Capacity addition in power generation is expected to slow down to 35 GW (excluding renewables) between fiscals 2019 and 2023, compared with 88 GW added over the past five years, believes CR...
Your electricity bill may rise if you live in these states; Adani, Tata Power get SC relief The three-member higher-power panel, formed by the Gujarat government, had recommended passing the burden of high fuel price to consumers, extention of the PPA and haircut to lenders to revive the stressed Adani and Tata Power projects. By: FE Online October 29, 2018 2:04 PM ...
SC allows Gujarat projects to renegotiate PPAs The expert committee recommended opening up the PPAs to allow fuel cost pass through and an option to the companies to extend the power purchase contracts by 10 years SC allows Gujarat projects to renegotiate PPAs The expert committee recommended opening up the PPAs to allow fuel cost pass through and an option to the companies to extend the power purchase contr...
New Delhi: Two consumer-interest NGOs, the original applicants in the 2017 Supreme Court case challenging tariff hike allowed to Tata, Adani and Essar group powerplants in Gujarat, have told the apex court that the bailout package recommended by a state government panel would extend Rs 1.9 lakh crore benefit to the power producers at the cost of consumers. In separate affidavits to the apex court, ...
The Ministry of Power has issued a proposal for introduction of uniform tariff structure for domestic and commercial consumers. The ministry proposed for new modification relating to simplification of tariff categories and rationalisation of retail tariff based on sanctioned load and consumption basis for all categories. The aim was to ensure that the price of electricity consumed should be based on load used and ...
CHANDIGARH: The revised proposal for tariff policy is likely to introduce concept of uniform tariff structure for domestic and commercial consumers. Ministry of Power has issued a proposal new modification relating to simplification of tariff categories and rationalization of retail tariff based on sanctioned load and consumption basis for all categories of consumers. The p...
BARH, BIHAR: Union Power Minister RK Singh today ruled out uniform pricing of power in the country, saying that rates will differ because of various factors. The electricity rates are decided by central and the state electricity regulatory commissions, he said in reply to questions by reporters. Besides, coal transportation costs are different for different plants. Also, various state governments have ...
RUPNAGAR: The All India Power Engineers Federation (AIPEF) has opposed the Union power ministry’s proposal to make it mandatory for states to follow the tariff policy. AIPEF chief patron Padamjit Singh and spokesman VK Gupta, in a joint statement, said that under the new proposal, the central government will dictate the tariff structure of all states, thereby making the central electricity regulatory commission...
The energy sector in India is at a crossroads, with an aggressive policy drive towards green power on the one hand, and stressed thermal power assets going under the hammer on the other. Before one discusses the thermal power sector, the aggressive policy push towards infirm green energy has left one wondering: One, whether the stated capacity addition targets are realistic and achievable; and,...