The scheme aims at providing 'last mile electricity connectivity to all rural and urban households'.
Majumdar further said,"...in ICRA’s opinion the spike in spot tariff is likely to be temporary and unlikely to be sustained given the still moderate demand, albeit encouraging, growth and surplus thermal capacity available to meet energy demand".
The drop in coal import comes as the stocks at power plants have thinned due to short supply and higher power generation. "Coal import (all types of coals) in August 2017 stood at 14.97 million tonnes (mt) (provisional), against 19.75 mt in August 2016," said Mjunction Services, an e-auction joint venture between Tata Steel and SAIL.
Barring the short-term reasons like imbalance in demand-supply, the underlying real demand is improving, which is far more important.
Power generation major NTPC Ltd will complete the takeover of the first phase of Chhabra Thermal Power Plant (1,000 MW) of Rajasthan government in 'a month or two' at an estimated cost of Rs 4,000 crore, a top company official said today.
The decision comes as a dozen power plants are staring at a bleak scenario for want of coal. "Of a little over 50 mt of coal earmarked for the ongoing fiscal for the non-regulated sector, including sponge iron, cement and CPPs (captive power plants), Coal India (CIL) will auction linkages of around 25 million tonnes (mt) either in December or January," a senior government official said.
A combination of subdued demand growth, consistent capacity additions and relatively better networks is driving a widening surplus at energy exchanges, Fitch said in its newsletter, 'India Power Watch'.
The government has been working to achieve the goals of 24X7 power for all, debt free efficient discoms, clean energy power capacity of 175 GW by 2022 and revival over 40 GW stressed power assets.
One of the major challenges would include reviving power demand as well as a resolution for stressed assets in coal, gas and hydro-based projects.
From schools to airports, canal tops and mega solar plants, ABB's solar inverters power various solar installations across the country, the firm said in a statement.
The guidelines have been issued under the provisions of Section 63 of the Electricity Act, 2003 for long term procurement from grid-connected Solar PV Power Projects of 5 MW and above, through competitive bidding.
According to the Livemint, Chinese suppliers are asking for an additional 6 cents per watt on the existing price of 37 cents per watt.
The source, who asked not to be named because he is not authorized to speak publicly about the plan, said Sterlite is looking to build a large portfolio of power transmission projects in Brazil as part of a long-term strategy in the country. Sterlite is also a major manufacturer of equipment for the electricity industry.
"The percentage of recovery of electric charges including the duty against the realisable arrears (amounting to Rs 3,868.52 crore) ranged between 40 and 60 per cent during the period 2011-12 to 2015-16," the Comptroller and Auditor General (CAG) of India on the revenue sector in J&K for the year ended March 31, 2016, said.
According to a regulatory filing, the infrastructure major has said that GMR Energy Ltd (GEL) will enter into a definitive agreement with the buyer soon.
The Ujwal DISCOM Assurance Yojana (UDAY) was launched in November, 2015 and has completed more than 18 months of operation.
The pacts were signed after visiting Chinese vice premier Wang Yang held discussions with Nepal's deputy prime ministers Bijaya Kumar Gachhadar and Krishna Bahadur Mahara.
"A lot of work has been done in the state in energy sector be it generation, transmission, distribution...Now there is only one issue of increased tariff rate of electricity that we get power from NTPC. Its quite high," Kumar told reporters here at a function organised by energy department.
According to a statement issued by Nettlinx, the proposed "state-of-the-art" power plant, will convert Greater Hyderabad Municipal Corporation (GHMC) waste into energy, and being set up in the south zone of the city located about 50 kms from the Telangana State Secretariat.
Larsen & Toubro Ltd had filed the application before the Directorate General of Antidumping and Allied Duties (DGAD) for initiation of anti-dumping probe on imports of a certain type of castings for wind operated electricity generators exported from China.
The company has received bids from firms like Tata Projects, Larsen & Toubro and Siemens among others, MMRC said in a statement issued here.
The approach paper will deal with issues such as return on equity, capacity addition targets and increasing role of renewable power
Coal-fired plants make up 60 percent of India's 330 gigawatt (GW) of installed power capacity and account for the bulk of industrial emissions of lung-damaging particulate matters and gases such as sulphur dioxide and nitrogen oxides that cause acid rain.
In June this year, CG Power and Industrial Solutions had announced execution of the stock purchase agreement (SPA) for divestment of its power business in the US, comprised in its wholly owned overseas step-down subsidiary, CG Power USA Inc to WEG Electric Corp, a nominee of WEG SA, a Brazilian public listed company.
"Currently, NTPC has no proposal to acquire stressed power projects or enable their lenders to operate on contract basis," Power Minister Piyush Goyal said in a written reply to the Rajya Sabha.