"Under the new policy, 10 percent of the plant's capacity will be given free to the state from the 10th year of its operation," an official familiar with the development told Moneycontrol
Currently, electricity at the consumer end or at discom end does not attract any GST and therefore the last leg of consumption of GST is with the generator. The paper was released by Power Minister R K Singh at an 'Assocham Round Table Discussion on Hydro Power in India', here last evening.
While HCC has several competitive advantages, what is more exciting at the moment is its improving ability to execute orders which will enable it to come out of the past debt crisis -- a key concern for the Street.
Fitch Ratings has affirmed state-run hydro power producer NHPC the Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at 'BBB-' with stable outlook -- reflecting its robust operating and financial profile.
Senior BJP leader and former Union Minister Yashwant Sinha, who had recently suggested that India should consider abrogating the treaty with Pakistan as response to the Uri attack, said if Islamabad is not prepared to honour any of its commitments, it should not be incumbent on New Delhi to honour them.
State-owned NHPC today reported a 7.47 per cent rise in standalone net profit at Rs 857.82 crore for the quarter ended June 30, 2016.
Lower capacity utilisation on a quarter on quarter (QoQ) basis affected the performance of the company for Q1 of FY17. "In April and May, the prices were under pressure and from June onwards prices have started recovering and they are stable now", NGVSG Prasad, ED & CFO of NCL Industries said.
The water level in 91 major reservoirs in the country remained at around 15 per cent of their total capacity for the second consecutive week, government said on June 24
The water level in 91 major reservoirs across the country has dipped to 18 per cent of their total capacity, the government said on May 20
Hydro power generation in the country during 2015-16 stood at 121.34 billion units (BU) as against the target of 128 BU due to lesser rainfall in some regions, Parliament was informed today.
Company's key focus would be to realise claims worth Rs 10,000 crore from the government, says Praveen Sood, CFO at HCC. He also added that company expects Rs 3,000 crore via arbitration proceedings over the next 18 months.
"NHPC's ratings benefit from its position as the largest hydropower producer in India with about 15 percent of the country's hydropower capacity," Fitch rating said in a press release
Addressing a business meeting organised by Ficci here, Oli said: "Our common future lies in our shared prosperity. There is no alternative to cooperate and collaborate for mutual benefits."
Maintaining new grid code for retaining power frequency is a daunting task for discoms in view of falling hydropower output, former National Hydro Power Corporation Ltd chairman Yogendra Prasad said here.
Although the state is prone to landslides and flash floods but in recent times such incidents have been occurring at an alarming rate. Several areas of Uttarakhand are still cut off from the country and the death toll could rise.
Power sector heavyweights along with top bankers met Power Minister, Jyotiraditya Scindia today to discuss issues hurting fresh investment in the sector. The minister promised promises rapid progress on host of issues like finalising standard bidding document for coal blocks, price pooling and empowering grid regulator.
State-run energy company NHPC Ltd hopes to generate more than 18.6 billion kilowatt hour (bkwh) of power in 2011/12, based on expectations of normal monsoon rains, Chairman A.B.L. Srivastava said on Thursday.