The report stated that higher PLFs will continue to be supported by conducive fuel supply as domestic coal production, building upon its record high of 893 million tonne (MT) last fiscal, is on track to achieve 11-13 percent growth projected for this fiscal.
Lower dependence on imported coal and tariff relief for affected projects is positive for the power sector but timeline for implementation of tariff relief is still unclear, domestic ratings agency Icra said.
Maharashtra has become the 17th state to join the UDAY scheme, meant for financial turnaround of debt-laden power distribution utilities, and it will help the state save around Rs 9,725 crore on account of cheaper funds and cut in AT&C losses.
The average plant load factor of thermal power plants on an all India-basis remained subdued in April-August period due to a host of factors including paying capacity constraints of discoms, ICRA said today.
The FY17 lignite volumes would be more than 80 lakh tonnes, said L Kulshrestha, CFO, GMDC.
State-run NTPC is targetting commissioning 5,000 megawatts capacity in fiscal year 2017, says Kulamani Biswal, Director - Finance.
The government on Tuesday saw lukewarm response to its third auctioning under the gas pooling scheme for stranded power plants, receiving bids for only 7.2 mmscmd.
"India's import of thermal coal in FY16 will be around 155-160 MT compared with around 185 MT in FY15 because of low imports by power generation companies on increased availability of domestic coal," Viresh Oberoi CEO and MD Mjucntion services told PTI.
Inderjeet Singh Bhatia, Macquarie Capital Securities says the firm has reduced the target price by 47 percent to Rs 23 from Rs 43.
The record generation of 733.12 million units from NTPC's 18 coal-based power plants, 7 gas-based units and 8 solar and hydro power stations, was achieved on August 27, the company said in a statement.
The country's largest power utility said it recorded highest single day generation of 733.12 million units, the highest so far in FY16, from its 18 coal based, 7 gas based, 8 solar and hydro power plants on August 27, 2015.
Analysts are expecting Tata Power to report small profit this quarter driven by higher EBITDA from Mundra led by decline in fuel cost despite a slight decline in plant load factor (PLF)
The e-auction for allocation of imported re-gasified liquefied natural gas (RLNG) under the Ministry of Power‘s scheme for gas-based power plants is set to begin tomorrow. CRISIL estimates that at prevailing gas prices, this can potentially enable 9,000 mw out of 14,300 mw of currently stranded gas-based power plants.
The power producer would establish a joint venture with Jharkhand Bidyut Vitaran Nigam Ltd for the project as well as for reviving the Patratu Thermal Power Station (PTPS) in Jharkhand. In the JV, NTPC would have 74 percent stake.
Harshvardhan Dole, Vice President -Institutional Equities, IIFL sees recurring hit of around 15-20 percent on NTPC's EPS FY15 onwards. Analysts feel bottomline may take a knock of Rs 1,100 - Rs 1,350 crore.
RV Shahi, Former Power Secretary says the total generation capacity at the moment is 240,000 MW, whereas the grid is drawing not more than 120,000-130,000 MW.
NTPC has posted 69 percent YoY jump in Q4 net profit to Rs 4381 crore on an exceptional gain of Rs 1684 crore.
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.
Suryachakra Power Corporation Ltd recently entered into a MOU with Finnish based WinWinD Power Energy Private Ltd. In an interview on CNBC-TV18, he expects the capital cost to come to Rs 6 crore per megawatt with a debt equity mix of 70:30.