Rationalisation essentially means that fixed cost should be recovered from fixed charges and variable cost from variable charges.
Bangladesh Power Development Board (BPDB) had invited tenders for supply of 500 MW power from India for short term (June 1, 2018 to December 31, 2019) and long term (January 1, 2020 to May 31, 2033).
The minister also opined that the cheap renewable power alone cannot meet the entire demand in view of fears among conventional energy operators after free fall in tariffs of wind and solar power last year.
But look close and you begin to see the first stirrings of policy change which could overhaul the power sector.
Over the past five years, all energy costs have been subject to two unanticipated headwinds. One was the discovery of shale oil which could be recovered quite easily at average costs of around $40 a barrel equivalent. The other was renewables – particularly wind and solar.
The public sector power utility said it will continue to work towards the local area development and betterment of the affected people even after the project goes on stream.
It will be set up as an expansion project of Maharashtra State Power Generation Company's (MAHAGENCO) Bhusawal Thermal Power Station in Jalgaon district, BHEL said in a BSE filing.
Due to this revision, the world's largest coal miner will earn an incremental revenue of Rs 1,956 crore for the remaining period of the 2017-18 fiscal year while total revenue will be Rs 6,421 crore, the company said in a regulatory filing.
Western-backed Palestinian President Mahmoud Abbas withdrew his guarantee to pay Israel for power in April, leaving Gaza's two million residents with only three to four hours of electricity a day as supplies were cut by about half.
Inaugurating the Rs 629 crore Umtru hydro-electric project at Dehal in Ri Bhoi district yesterday, he said the state has various potential areas for power generation and called on the local indigenous people to participate in the process of state building.
The Telangana Congress, which made a power point presentation on the energy sector yesterday, accused the ruling TRS of making false claims on the issue.
The Ujwal DISCOM Assurance Yojana (UDAY) was launched for the operational and financial turnaround of state-owned Power Distribution Companies (DISCOMs).
In a separate reply to the House, Power and New & Renewable Energy Minister RK Singh said that tidal energy cannot be presently harnessed on commercial basis due to high capital cost ranging from Rs 30 crore to 60 crore per MW.
The major beneficiary will be Karnataka, which will get an allocation of 54 per cent of power generated from the two plants in Vijayapura district. With commercial operation of the second plant yesterday, power generation capacity of its Kudgi project increased to 1,600 MW,National Thermal Power Corporation said in a release.
"Telangana - the only state in the country to achieve this distinction in power sector to end the despair of farmers," the Telangana Rashtra Samiti (TRS) government said today in newspaper advertisements about the previously announced plans.
All homes will get 24-hour power by March 2019, he said during Question Hour in the Lok Sabha.
The hill-girdled hamlet, spanning 58 sq km, with a total population of 9,800, as per 2011 census, is known for its unique fish farming and sustainable agricultural techniques.
"To begin with Lohban and Gausana, the two villages of Mathura district have been covered for 100 per cent electrification on the birth anniversary of former prime minister Atal Bihari Vajpayee," said Srikant Sharma, Uttar Pradesh Power Minister.
"In an auction for 500 MW wind power capacities, the lowest tariff was quoted at Rs 2.43 per unit by Sprng Energy and K P Energy," GUVNL MD Pankaj Joshi told PTI.
The minister informed this in a written reply tabled in the House, in which he also dismissed the reports that these companies are not paying additional interest as the state refused to stand guarantee for such loans.
The stable outlook reflects their expectation of generally stable industry conditions and government policy initiatives, which will likely lead to improvements in the financial position of state-owned electricity distribution companies, a statement issued here stated.
"Today, we celebrate a significant milestone in the history of Mizoram with the completion and dedication of the 60-MW Tuirial hydropower project," the prime minister said, while addressing a public meeting here after inaugurating it.
Currently, cheap power is run at a base load while costly power is operated for peak load
Singh also asked them to roll out the Saubhagya scheme in their states to provide power connections to 4 crore families by December, 2018.
KKNPP Site Director SV Jinnah said though the maximum capacity of each unit was 1000 MW, they had reached the full capacity by 3.30 AM today.