New Delhi: Reliance Powerhas divested its entire holding in Jharkhand Integrated Power, set up to develop Tilaiya UMPP, to Jharkhand Urja Vikas Nigam Ltd for Rs 112.64 crore. The Anil Ambani led RPower, in a regulatory filing, said: "The company has transferred its entire holding of 1,49,900 equity shares of Rs 10 each, aggregating to Rs 14,99,000 held in Jharkhand Integrated Pow...
New Delhi: Enron Corp. is long gone, but the scandal it left behind in India has beguiled the country’s lenders for almost two decades. However, if the bankers who financed the U.S. energycompany’s unviable powerplant in Maharashtra state aren’t ruing that 2,000-megawatt debacle any more, it’s only because they’re now staring at a mess 20 times bigger. India’s ...
Bengaluru: Tariffs fell to Rs 2.72-2.73 per unit in the 750 MW auction conducted by NTPC for projects at Ananthapuram Solar Park in Andhra Pradesh, a sizeable drop from previous auctions. But they were still well above the record-low solar price of Rs 2.44 per unit reached at an auction held in May 2017. The winners, each of whom got 250 MW, were Sprng Energy, the renewable energy platform...
NEW DELHI: NTPC today inked a pact with Bihar and its power utilities to acquire their entire stake in two joint ventures at Nabinagar and Kanti, and to buy Barauni thermal plant. The transactions would enable NTPC to have 100 per cent stake in Nabinagar and Kanti JV projects, which is part the company's broad objective of acquiring state-owned generation units acro...
CHANDIGARH: The critical coal stock in a number of thermal plants in the region coupled with low water level in the reservoirs of hydro power station may pose a problem in power supply in Punjab , Haryana and Rajasthan and their dependence on power purchase from outside may increase. As per latest report of Central Electricity Authority the coal stock in all the three private sector thermal plants of Punjab, ...
There is now 100% village electrification in India, an important milestone in the country’s development trajectory. At the time of Independence, while the major global economies were completing electrification, India inherited what K. Santhanam, a member of the Constituent Assembly, called a ‘virgin field for electrification’. In response to the regional imbalances in electrical development, led lar...
New Delhi: Despite electricity supply being handed over to the private company Tata PowerLimited, city consumers are not getting relief. In fact, consumers complaining are facing humiliation at the hands of company’s guards. This came out at a meeting presided by Ajmer Vidhyut Vitran Nigam Ltd’s managing director BM Bhamu on Wednesday. Bhamu sternly directed the Tata Power officials to improv...
The power sector in Punjab started structural reforms in April 2010 with the erstwhile Punjab State Electricity Board (PSEB) being bifurcated into two entities — Punjab State Power Corporation Limited (PSPCL) and the Punjab State Transmission Corporation Limited (PSTCL). The statutory body formed on February 2, 1959, was divided into two to enhance efficiency and bring down the financial burden. Next big ref...