Power Ministry has revised the draft of Electricity (Amendment ) Bill 2014 which seeks to privatize the power sector. Electricity (Amendment) Bill 2014 was introduced in the Lok Sabha on December 19, 2014 and subsequently referred to Parliamentary Standing Committee on Energy. The panel gave its report in September, 2015. The revised bill is based on the recommendations of the committee and consu...

Power Ministry has revised the draft of Electricity (Amendment ) Bill 2014 which seeks to privatize the power sector. Electricity (Amendment) Bill 2014 was introduced in the Lok Sabha on December 19, 2014 and subsequently referred to Parliamentary Standing Committee on Energy. The panel gave its report in September, 2015. The revised bill is based on the recommendations of the committee and consu...

When it comes to band-aid economics and accountancy, governments are at their creative best. Some years back, writing on the woes of the power sector, this column had pointed out that governments for years had been deluded that there can be a market of sellers without buyers—given the bankruptcy of SEBs. We are now witnessing to a new paradox—it seems it is possible to sell and encash wit...

Patiala: Buoyed by the financial gains made by selling surplus power worth Rs 976 crore in the open market from April till October, the Punjab State Power Corporation Limited (PSPCL) has put in place a plan to further augment its power generation capacity by another 1,000 MW.  It will conduct an 800 MW supercritical thermal power unit at the Ropar thermal power plant. It will also convert one of the...

  Faced with clear stranded asset risk and difficulty in accessing capital, the country's thermal power sector is projected to witness just 3,000 megawatt (Mw) net capacity addition annually in this financial year FY19 and through FY20. The forecast by US-based Institute for Energy Economics & Financial Analysis (IEEFA) factors in 7,000 Mw of new plants commissioned and 4,000 Mw in end of...

CHANDIGARH: The BJP government in Haryana has agreed to effect an upward revision in the tariff of private electricity-generation companies, Adani Power Ltd (APL) and Coastal Gujarat Power Ltd (CGPL), as has been done by the BJP-ruled Gujarat, alleged Karan Singh Dalal, Congress MLA from Palwal, on Thursday.RAVI KUMAR/HT Talking to mediapersons on Thursday, Dalal said the expected revision in...

New Delhi: State-owned NHPC has bagged debt-laden Lanco’s 500 MW Teesta hydro power project under insolvency proceedings for a tentative value of Rs 900 crore, a senior official said. NHPC is expected to complete the takeover in the next three to four months and can finish the project in three to four years as its construction is almost 50 per cent complete, the official added. “NHPC Ltd has emerged...

New Delhi: The Union cabinet on Thursday approved the sale of government’s shareholding in RECLtd to Power Finance Corporation (PFC) along with transfer of management control, in a deal estimated to raise over Rs 14,000 crore. “The cabinet committee on economic affars has given ‘in principle’ approval for strategic sale of the government of India’s existing 52...

CHANDIGARH: Former minister and Congress MLA from Palwal, Karan Singh Dalal on Thursday alleged several thousand crore multiple scams in Power department while targeting the CM Manohar Lal Khattar and Chairman cum Managing Director of Power distribution companies in Haryana. Dalal, who played a key role in case related to JBT recruitment scam and many cases related to out of term recruitment claimed to have prepar...

BENGALURU: Karnataka Electricity Regulatory Commission (KERC) Chairman M K Shankarlinge Gowda has said trading of electricity through Open Access System will turn out to be an accepted norm in the near future. In his address at a workshop on Power Sourcing and Open Access System in Karnataka organised by Bangalore Chamber of Industry and Commerce (BCIC) in Bangalore on Tuesday, Gowda said it is...