The Punjab State Power Corporation Limited (PSPCL) has decided to penalise 70 officers, a majority of them serving, for flouting rules and regulations pertaining to civil works. The serving officers will lose two annual grants of increment, while the retired ones’ pension will be reduced by 10 per cent, besides the recovery of fines ranging from Rs 20,000 to Rs 50,000 each for causing losses — pegged at R...

NEW DELHI: An explosion of hot gas at a boiler at NTPC's Unchahar power plant last year that killed 45 workers was the result of an "error in judgement" by some of the plant's most experienced operators, according to an internal report on the state-run electricity producer's biggest disaster. The plant's Head of Operations, Head of...

There is little one can do when one is caught in a downpour on a day that began in fine, sunny weather. It’s best to take shelter and wait it out, hoping that the sun would be back before long. Solar power companies in India are in a similar situation. No longer do they enjoy the benign macro conditions that prevailed four years ago when they set sail in good hope in the wake of the government setting a target ...

NEW DELHI:With the Centre failing to come up with a solution for stressed power companies and finance companies already initiating resolution proceedings against defaulting power projects, the power sector has demanded a bailout package and help for projects that are stuck for want of funds.“So far, there is no consensus arrived at regarding the power sector loans. The sector representatives have once again req...

AGRA: Of the five state-owned power distribution companies in Uttar Pradesh, four have failed in the integrated rating for state power distribution utilities. The ratings were released by the Union ministry of power recently. All the four discoms have been given ‘C’ grade. The exception is Kanpur Electricity Supply Company (KESCO) which has been graded ‘B’. The rest four discoms...

New Delhi: Peak power deficit during April-June, 2018-19 was 0.7 per cent while overall electricitydeficit stood at 0.6 per cent during the quarter, Parliament was informed today.  As much as 170.76 GW electricity was supplied during peak hours against the demand of 171.97 GW during the quarter, resulting in a deficit of 0.7 per cent, Power Minister R K Singh said in a written reply t...

With the cost of imported coal touching a six-year high and rupee weakening against the US dollar, power generation companies are witnessing a crisis of sorts, with Essar group shutting down its 1,200-megawatt (MW) power project and the Adani group utilising only part of its installed capacity in Mundra, Gujarat. The only hope, company officials say, is from a high-powered commit...

New Delhi: The Allahabad High Court has asked the finance ministry to submit the government's stand on the controversial RBI circular in two weeks. The matter has been fixed for hearing on August 2, sources said. Additional Solicitor General of India, who appeared for the central government, informed the court that as per the email instructions received by him, a report has been s...

Chandigarh, July 18 In a major turnaround, the two power distribution companies (Discoms) – Dakshin Haryana Bijli Vitran Nigam (DHBVN) and Uttar Haryana Bijli Vitran Nigam (UHBVN) have earned profits of Rs 412 crore in 2017-18 after running in losses for nearly 14 years.   Additionally, Haryana Power Generation Corporation Limited (HPGCL) and Haryana Vidyut Prasaran Nigam (HVPN) have also earned p...

New capacity addition in the renewables sector during the first quarter of this fiscal was higher at 1,541 MW when compared with the capacity addition of 1,059 MW in the year ago quarter. Solar segment continues to be the key contributor to the capacity increase with a share of 1,371 MW (ground mounted 1,215.57 MW and rooftop 155.77MW) during the April-June 2018 period (826 MW). The wind power segment, which is...