NTPC is doing an internal assessment of RattanIndia’s plants at Nasik and Amravati and Jaiprakash’s Nigrie plant New Delhi: NTPC Ltd., India’s largest electricity producer, is considering buying power plants run by indebted RattanIndia Power Ltd. and Jaiprakash Power Ventures Ltd., according to people familiar with the matter. NTPC is doing an internal assessment of...

NEW DELHI: The finance ministry proposes to mop up Rs 14,000 crore through an acquisition deal between Power Finance Corporation (PFC) and Rural Electrification Corporation (REC), but the power ministry is concerned that the move will hurt two sound navratnas in the otherwise ailing sector. The power ministry is concerned about operational and administrative issues that might crop up ...

Over the past decade and a half, India has evidenced substantial investments in rural electrification. As per official estimates, 100% village electrification and over 90% household connections have been achieved. But, if this investment is to return rural development dividends, it is important to focus on the issues of affordability, sufficiency, and quality of electricity supply, especially for small consumers. Wit...

CHANDIGARH: Haryana Power Engineers Association has strongly opposed  the  ongoing process of privatisation of  power distribution companies  in Odisha. K D Bansal President of Association said that the Association has urged the chief minister to  advise the power department to desist any move to privatise the power sector which is the backbone of devolpment in the state. Odisha wa...

Bengaluru: The imposition of safeguard duty on imported solar panels and modules has led to a clash over tariffs between NTPCand developer Acme Solar. Acme Solar, which won 600 MW in a 2,000 MW solar auction held by NTPC in August, has filed a petition against NTPC in the Delhi high court for introducing new conditions in the letter of intent issued in mid-Octob...

The euphoria over solar power needs to be tempered. Dependence on coal-based power is here to stay for the next 2 decades The focus on green energy is extremely laudable and India is on its way to achieving its 100 GW of solar energy by 2022. Other developments in the recent past have also been very encouraging. Tariffs of solar energy have plummeted to ?2.44 per unit from high of ?14...

New Delhi: The Supreme Court will hear the pleas filed by companies owning stressed assets on November 28, after segregating the matters into those challenging insolvency law and those challenging validity of RBI circular. The matters pertaining to Insolvency and Bankruptcy Code will be heard first followed by those challenging the RBI circular, sources said. Matters related to val...

The Central Electricity Regulatory Commission (CERC) has issued an order to compensate solar power developers (SPDs) by reimbursing the sum that was incurred as additional capital expenditure after the introduction of GST Law. The CERC had issued an order in October to compensate SPDs by giving them an upfront lump sum payment. Now, the government agencies are required to pay a total of ?2,153.9 (~$30...

The CBI in its closure report said “the disputed coal (supplied from 2011 to 2013) has already been consumed by NTPC Ltd, and the samples of the same were not retained at the NTPC laboratory” for CBI to conduct tests. The Central Bureau of Investigation (CBI) has closed a corruption case pertaining to supply of low quality Indonesian coal to NTPC Ltd and NTPC-SAIL Power Corporation Ltd (NSPCL) by Indor...

The Supreme Court allowing the Central Electricity Regulatory Commission (CERC) to revise power tariffs for imported-coal based power plants in Mundra is seen to improve the outlook on Tata Power and Adani Power. By: FE Bureau  November 14, 2018 2:40 AM   Edelweiss Securities said that the tariff hike for Adani Power “could boost earnings before interest, taxes, depreciation and amortisation ...