It would perhaps be rash to look beyond insolvency when the courts, a parliamentary committee, and the central bank are deliberating it. In the power sector, the problem is so complex and large (about 66 GW of generating capacity with loans of ?1.8 trillion) that despite many government initiatives, much of it remains unresolved. The power developers, who experienced this in full measure, having seen their capital...

Softbank CEO Masayoshi Son said that free solar power is not merely a dream but that the company has the resources to make it happen Softbank, the biggest investor in many Indian start-ups, has vowed to provide free solar power to International Solar Alliance (ISA), of which India is also a member. Softbank Chief Executive Officer Masayoshi Son has committed to providing free power to all members of the ISA a...

Power Employees & Engineers to Strike Work Across the County on 08 & 09 January 2019 -NCCOEEE Decision in 29th September Delhi Meeting Decisions taken in NCCOEEE Meeting held at Delhi on 29th September 2018. Meeting was presided by Er Shailendra Dubey Chairman AIPEF & Com K O Habib,Er K Ashok Rao, Com Mohan Sharma, Com Prashant Chowdhury,Com Samar Sinha, Er S M Singh,Com R K Sharma, Com Rathina Sabhapa...

  New Delhi: The spot price of electricity recently hit a decade-high of Rs 17.61 per unit. This would suggest seriously deficient capacity to produce power.  Yet, that is hardly the case. Utilisation of installed capacity is barely above 50% in the power sector. High price of any commodity at a time of huge spare capacity is indicative of a seriously dysfunctional market. Instead of fi...

CHANDIGARH Power sector employees has given a call for a two days nationwide strike on January  08 & 09 against Electricity (Amendment) bill 201  and privatization of power sector.                                  ...

LUCKNOW: National Coordination Committee of Electricity Employees and Engineers (NCCOEEE) has decided for a nationwide strike on January 8 and 9 to protest against the Electricity (Amendment) Bill 2014 and privatisation of the sector.   A meeting of the NCCOEEE held at New Delhi on Saturday decided that around 1.5 million power employees and engineers will go on strike for two days in January. The s...

The Central government’s draft amendment bill on the Electricity Act, if adopted in its present form, may compel the Tamil Nadu government to scrap the existing scheme of free power supply for farmers, hut-dwellers and sections of domestic consumers. Proposing changes to Section 45 (power to recover charges) and Section 65 (provision of subsidy by State government), the draft bill specifically states that in...

POWER EMPLOYEES AND ENGINEERS HAVE DECIDED GO ON A TWO­DAY NATIONWIDE STRIKE IN JANUARY 2019, AGAINST THE ELECTRICITY (AMENDMENT) BILL PATIALA: A meeting of the National Coordination Committee of Electricity Employees and Engineers (NCCOEEE), presided by All India Power Engineers Federation chairman Shailendra Dubey, was organised on Sunday. The meeting was attended by multiple trade unions and associations...

An estimated 1.5 million power sector workers and engineers would proceed on a two-day pan-India strike on 8th and 9th January against the ‘privatisation’ policies of the central and state governments. Power-men are also against the Electricity (Amendment) Bill 2014. The strike decision was taken at New Delhi on Saturday in a meeting under the banner of Natio...

Delhi Chief Minister Arvind Kejriwal lashed out at the BJP-led central government on Saturday, saying the amendments proposed by it to the Electricity Act, 2003 were "very dangerous" and aimed at benefitting "a few power companies" at the cost of the poor people and farmers of the country. The proposed amendment bill would put an end to cross-subsidy, injecting a steep two-to-five times hike in...