He will replace P V Ramesh who was appointed as the Director General of the National Archives of India earlier this month.  Agarwal has been the Director-Finance of the company since August 2012. He is a Fellow Member of the Institute of Chartered Accountants of India (ICAI) with 35-years of experience in Public Sector Undertakings. He is responsible for formulating financial strat...

NASHIK: The Maharashtra State Electricity Distribution Company Ltd (MSEDCL) has disconnected power supply to 15 telephone exchange centres and mobile towers of BSNL in Nashik districtfor not paying dues of over Rs3.5 crore. A BSNL official said no electricity for exchanges and towers have affected over 3,500 landline and broadband consumers. One of the affected telephone exchange c...

CHANDIGARH: There is need a standardized loss calculation methodology which transparently accounts for energy as handled in the system as the losses could vary by up to 4% depending merely on the methodology used for calculation , claimed Ann Josey and Mokshda Kaul researchers with Prayas (Energy Group). An increase in Aggregate Technical and Commercial (AT&C) loss implies an increase in costs and consequ...

The Central Electricity Regulatory Commission (CERC) has come up with revised regulations to encourage neighbouring countries to buy more power from India’s spot markets. The development comes after the power ministry issued fresh guidelines for cross-border trade of electricity in December 2018, where it had removed certain restrictive riders and paved the way for electricity trading in the more attractive ...

New Delhi: The recently granted renewable power status and budgetary support for infrastructure associated with large hydro projects is a major positive move, research agency ICRA said. The centre has declared large hydro power projects with capacity of more than 25 Megawatt (MW) as renewable energy projects. It has also approved a separate hydro power purchase oblig...

NEW DELHI: Power Minister R K Singh on Thursday ruled out consolidating all state-owned power sector firms like NTPC, NHPC, SJVNL and PFC into a single entity, saying it would be the biggest company of the world but will not be manageable. However, the minister said discussions are on regarding merger of some companies under the Power Ministry.  The issue of consolidation...

New Delhi: To boost hydro power generation, the government Thursday approved a slew of measures including providing renewable energy status for large hydel projects and new funding provisions.  Earlier, hydro projects up to 25 MW capacity were considered as renewables and were eligible for various incentives like financial assistance and cheaper credit.  With the gove...

New Delhi: The Union Cabinet on Thursday approved recommendations of a group of ministers relating to stressed powerprojects including grant of coal linkage for short-term power purchase agreements (PPAs). The decision was taken by Cabinet Committee on Economic Affairs.  Finance Minister Arun Jaitley said the recommendations approved include grant of coal linkage for short-term PPAs, allowing e...

Attorney-General K.K. Venugopal told the Supreme Court on Wednesday that “secret” documents published by The Hindu on the purchase of 36 Rafale jets were “stolen” from the Ministry of Defence, probably by former employees. Mr. Venugopal referred to the lead article in The Hindu on March 6, saying ‘sensitive’ information like the price of t...

New Delhi: Dues of state-run power distribution companies to cash strapped power generators have increased by a third in April-January despite the government’s assurance that payments would be expedited. As per data compiled by the Association of Power Producers, state-run power distribution companies (discoms) owed Rs 41,133 crore to private sector generators as on January 31, and many o...