P Uma Shankar

The oil and power ministry are seeking financial aid for stranded gas-based power plants.

Delhi tariff cut won't hit power cos, discoms: Power secy

The tariffs remain the same, but instead of the consumer the government will now have to pay for it, says P Uma Shankar, power secretary. He does not expect the Delhi government commissioned Comptroller and Auditor General, or CAG, audit to be a problem for power companies.

NTPC divestment will be 9.5% via OFS this year: Power secy

The government's divestment drive is gathering steam. The cabinet today cleared a 9.5 percent stake sale in NTPC. The divestment is likely in the last quarter of this financial year.

Financial restructuring for discoms to start from Jan: Govt

The government will kick start its financial restructuring plan for the power distribution companies from January, next year.

New bidding norms for thermal plants likely by year end

New bidding norms for thermal power projects are likely to be finalised by December 31, Power Secretary P Uma Shankar said today.

Power Min moots independent audits of transmission grids

The Power Ministry today proposed to carry out independent audit of transmission grids within three months, a move that comes amid massive failures of grids last week that affected half of the country's population.

Power Min floats fresh proposal on equipment import duty

The Power Ministry has floated a fresh proposal for imposing higher duty on imported power gear and it is likely to be taken up by the Cabinet in the next two to three weeks.

Ambani, Mistry, others meet Chatterji on power sector woes

Top executives of private power companies, including Anil Ambani and Cyrus Mistry, today discussed various issues faced by the sector with the high- level panel headed by Prime Minister's Principal Secretary Pulok Chatterji.

Are state power distribution cos at break point?

It appears that power distribution companies remain unable to raise tariffs with a result that their profit and loss accoints and their balance sheets are now once again at breaking point.

Seek hike in single-borrower's cap to 25%: Power Sec

The power ministry has sought increase in the single- borrower exposure limit of banks to 25% in a bid to meet the sector's increasing requirement for funds, reports CNBC-TV18's Mehak Kasbekar.

How can India face the challenge to grow its power sector?

India is facing the challenge with regards to growing its power sector. India of course is the second fastest growing economy in the world. Along with that, its ability to generate and to put in place the kind of power capacity that the country requires will need to be enhanced significantly.

India hopes to sort Orissa plant coal issues by mid-Feb

India's power ministry is hopeful of resolving environmental issues regarding a coal block attached to a proposed 4,000 megawatt power project in Orissa by mid-February, Power Secretary P Uma Shankar told reporters on Monday.