Wind turbine maker Suzlon Group today said that it has achieved 10,000 megawatt (MW) cumulative wind energy installations in India.
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.
Speaking to CNBC-TV18, Kulamani Biswal, Director Finance, NTPC said over supply of low cost power hampered Q3 growth.
The company has managed to reduce its debt by Rs 450 crore, he says adding that the target is to reduce by 40-50 percent in FY16, Madhu Terdal, Group CFO of GMR Infrastructure said.
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.
In an interview to CNBC-TV18, Sudip Sural of Crisil Ratings, discuss the gas bidding process for stranded power plants Tuesday. It may be recalled the auction was postponed twice in less than 2 weeks.
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.
Ashok Khurana, DG, Association of Power Producers, said the decision is not on gas pooling in real sense but is basically importing gas and then subsidising for stranded plants.
Airlines: Net profit, remains a distant destination for Air India, Jet and Spice Jet, and can be reached only after massive recapitalisation of Rs 350 billion, says CRISIL Research.
Chatterjee does not see things in the power sector getting better anytime soon despite the reforms proposed by the government
In the current financial year the coal requirement for the power sector alone is about 433 mt whereas Coal India has set a target of 408 mt.
CRISIL Ratings: The Central Electricity Regulatory Commission's (CERC's) recent draft tariff guidelines for power utilities have potential, if implemented in the current form, to reduce aggregate annual profits of CRISIL-rated utilities by Rs.14 billion, or nearly 7 per cent of their profits in the last fiscal.
Abhineet Anand, Power Analyst, Quant Capital, spoke with CNBC-TV18 on the impact of the CERC draft regulations on NTPC and other power companies.
RPower is in the midst of signinig fuel supply agreement with Western Coalfield Ltd to ensure coal supply at its Butibori plant
JSW Energy has reported 49 percent year-on-year growth in March quarter profit to Rs 336 crore boosted by higher tariff at Barmer plant and lower intrest cost too. Sales also climbed 11 percent to Rs 2301 crore due to its BArmer, Vijayngar and Ratnagiri plant operated at an average plant load factor of 86 percent. .
"In the power business the net realisation in power went down by more than Rs 200 crore. The first factor was plant load factor (PLF)," said Uppal in an interview to CNBC-TV18.
"NIMs are very much sustainable, because we are growing at the rate of more than 30 percent. Our NIMs this quarter was 5.01 percent," said Rajeev Sharma, CMD, REC in an interview to CNBC-TV18.
Reliance Power which reported 30 percent jump in its December quarter profit to Rs 266 crore, expects a robust performance from Rosa Plant to continue contributing to the overall performance of the company.
Jet Airways reported a net loss of Rs 714 crore for the September, on a combination of high fuel cost, low passenger traffic because of slack season, and a huge forex loss triggered by the steep depreciation of the rupee.
In an exclusive interview with CNBC-TV 18's Gautam Broker and Reema Tendulkar, chief financial officer Prabal Banerji said the plant load factor (PLF)across all units was than 91% in the previous quarter. He also added, the company has steady cash reserves for the next 25 years to come.
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.
In an interview with CNBC-TV18, K Sekar, Director of Finance, Neyveli Lignite gave his perspective on the quarter gone by and the road ahead.