The plan includes shifting maintenance of power plants to low-demand periods and redirecting surplus electricity to needy states
Under the revised mechanism, the merit order for power dispatch in the exchanges will be decided a day in advance instead of the he current 1.5 hours. The system will also include all thermal power generators, instead of just NTPC's thermal stations, which is currently the case.
Most of the power utilities like Adani Power, Tata Power, and JSW Energy sell a smaller proportion of their total generation on a merchant basis in the short term market, which fetches better prices when the demand is high.
The country added over 5,400 MW of wind energy capacity in 2016-17, beating its own target of 4,000 MW.
India's power woes are seemingly un-ending with erratic supply in the cities and gloomy scenario in rural areas. However, things are gradually improving now. The Ministry of Power is fighting this darkness with a renewed vigour and has implemented strategies to provide electricity to remotest parts of India by 2022.
Tata Power today said its total generation from renewable energy sources has reached 3133 MW this fiscal year.
ITI Aayog will soon come out with a roadmap to boost employment generation, which will include creating favourable regulatory system for special economic and coastal zones to improve ease of doing business.
State-run NTPC is targetting commissioning 5,000 megawatts capacity in fiscal year 2017, says Kulamani Biswal, Director - Finance.
The company is getting closer to the Arutmin mine stake sale and is likely to be completed in six months, said Anil Sardana, CEO & MD Of Tata Power.
With the Narendra Modi government completing a year in office, a ministry that has come in for special mention is Piyush Goyal‘s power and coal ministries.
The Narendra Modi government has stated that it intends to have renewable energy contribute 15 percent to India‘s energy needs by 2020. To put this into numbers, it would require generation of about 1 lakh megawatts and entail an investment of USD 100 billion over the next five years.
Urging a holistic and pragmatic approach in dealing with environment and development, Goyal said, "Once the development needs of a country are addressed then talking about environment makes sense."
The demand for power during the 12th Plan period (2012-17) is expected to be a low 6.2 percent due to lower demand from the industrial and commercial segments on account of muted GDP growth.
Lanco Infratech's revenue stood at Rs 3,569.6 crore in the fourth quarter of the last fiscal. The same stood at Rs 3,376.2 crore in the same period a year ago.
B Surender Mohan, CMD, Neyveli Lignite in an interview to CNBC-TV18 said growth in their turnover and profits was mainly due to increase in production and generation.
Country's largest power producer NTPC today said its generation capacity has increased to 39,674 MW, with the commissioning of another 500 MW unit at its joint venture plant in Haryana.
Techno Electric & Engineering is in talks to raise funds from private equity players to fuel future expansion plans in its subsidiary Simran Wind Project Pvt Ltd. Currently two deals are being discussed, according to Joy Saxena, executive director strategy and planning.
Power was restored to northern and eastern India on Wednesday, after two days of grid failure that plunged hundreds of millions of people into darkness.
Sanjiv Goenka, Vice Chairman, CESC speaking to CNBC-TV18, spoke about the quarterly performance of the company. He said the generation has been higher than last year and the demand was higher by 7% than last year.
A 150% hike in prices of A and B grade coal of Coal India Ltd has put companies in a fix. However, State-run NTPC which is one of biggest power generation utility is confident that the price hike will not hurt generation cost.