Power Projects

The flagship revamped distribution sector scheme is aimed at improving the operational efficiencies and financial sustainability of the power corporations and departments.

Reviewing progress of 16 power projects: Meghalaya CM

He said that a number of projects have been stuck due to different reasons such as land acquisition, delay in the submission of detailed project reports (DPRs) and laying of transmission lines.

Inox Wind signs pact with Continuum Power Trading for 250 mw power projects

The first phase of 126 mw of the project is scheduled to be commissioned by the third quarter of FY21 at Dayapar in Bhuj district, Gujarat, and will be executed on a turnkey project basis.

Adani Green commissions 75-MW wind power project in Gujarat

The company said the project, which has a power purchase agreement (PPA) with the Maharashtra government, has been commissioned by its step-down subsidiary Adani Renewable Energy, AGEL told the BSE.

Majority of 34 stressed power projects head to NCLT after failed resolution push

Bankers have been able to approve only about four or five stressed power assets out of 34 earmarked for resolution.

Telangana to spend Rs 38,000 cr for three power projects

A press release from TS Transco CMD, D Prabhakar Rao said, a 24-hour power scheme will be successfully implemented from January 1 onwards for as many as 23 lakh agriculture pump sets in Telangana.

New power projects being set up at a cost of Rs 53890 cr: TN CM

After laying the foundation stone of Stage-I of Udangudi Super Critical Thermal Power Project, he said as the demand for electricity is expected to increase in the future, "constructive steps" are being taken by the government to increase generation.

Govt moves ahead to resurrect stalled power projects

The power ministry, which is also working on reviving stalled hydro projects, already had extensive discussions with bankers and stakeholders. According to sources, the ministry has firmed up a policy for stalled hydro projects to revive 11,639 mw by dispensing Rs 16,709 crore till 2024-25.

J-K Govt pursuing transfer of power projects from NHPC

In a written reply to the question of Devender Rana of National Conference in Legislative Assembly, Deputy Chief Minister Nirmal Singh, who also holds the power portfolio, said the government is actively pursuing the transfer of power projects.

NLC invites global cos to set up solar projects in Odisha

NLC India Ltd has invited applications from global companies to set up 250 MW solar photo-voltaic power projects in Odisha.

PM Modi dedicates 3 hydroprojects to nation in Himachal Pradesh

All the three power projects -- Koldam HEP (4x200 MW) of NTPC, Parbati HEP Stage-III (4x130 MW) of NHPC and Rampur HEP (6x68.67 MW) of SJVN -- are equipped with generating equipment supplied and commissioned by Bharat Heavy Electricals Limited (BHEL), state-owned BHEL said in a statement today.

Solar power equipment manufactures express concern over GST

"Currently the sector enjoys almost zero tax structure in most of the states with VAT reimbursement by the state governments and other tax relaxation on solar power plants," said Surender Pal Singh, Chairman, Solar Energy Equipment Manufacturers' Association of Telangana.

No final decision on scrapping SPVs for four UMPPs: Govt

Activities in the ultra mega power projects (UMPPs) -- Maharashtra, Odisha (second additional UMPP), Karnataka and Surguja in Chhattisgarh -- are stuck due to various reasons, including agitation by local people and non-identification of a suitable site.

2 years of NDA: How Goyal is transforming Indian power sector

Coal & Power Minister Piyush Goyal says the ministry has been been able to kick-start a lot of stalled power projects over the last 2 years resulting in nearly 46,000 megawatt of additional power capacity coming on board.

Gas-based power projects may forgo concessions: Ind-Ra

According to the report, the negative bid is a positive for the sector as the plants are no longer dependent on the government subsidy.

Dabhol, GMR, GVK, Lanco secure gas under PSDF scheme

The auction conduced by state-run MSTC Ltd for re-gasified natural gas (R-LNG) started this morning and continued for about two hours. The bidders bid for gas at negative subsidy or premium of up to three paise which will result in earning of Rs 18 crore to the government.

Govt to auction Banka, Cheyyur & Bedabahal UMPPs in FY'16

"Bidding out three ultra mega power projects (UMPPs)- Cheyyur in Tamil Nadu, Bedabahal in Odisha and Banka in Bihar- in this financial year would attract an investment of approximately Rs 90,000 crore," said the document on Implementation of Budget Announcements 2015-2016.

RattanIndia Power Q3 loss narrows to Rs 29.51 crore

"The group has posted a net loss after taxes & minority interest of Rs 29.51 crore for the quarter ended December 31, 2015 as compared to net loss of Rs 141.19 crore for the quarter ended December 31, 2014," RattanIndia Power said in a BSE filing.

Govt to auction Cheyyur, 2 other UMPPs by March

The investment for an UMPP of 4,000 MW has been revised from Rs 20,000 crore to about Rs 27,000 crore recently on basis of rise in the price of coal and land. Thus the three projects entails an investment of over Rs 80,000 crore.

Expect to lower outstanding from HP discom by March: SJVN

The net profit fell by 29 percent to Rs 564 crore in second quarter of FY16, whereas the financial costs increased to Rs 97 crore against Rs 14.3 crore in the same quarter previous fiscal.

Lanco Infratech eyes Rs 25K cr by selling assets from FY18

L Madhusudhan Rao, Executive Chairman of Lanco also said the current power portfolio of the group is expected to touch 8,000 MW by 2018 from the current 3,400 MW. Lanco had Rs 33,000 crore debt as on March 31.

'Generation cost at Rs 6.50-7/ unit at landed cost of gas'

Harshvardhan Dole, vice-president, institutional equities at IIFL says the arrangement is such that companies will barely be able to recover operational costs. It will only ensure that companies start addressing project specific debt.

Bids for subsidy by gas power projects postponed by 1 day

Gas-based power stations that are either shut for want of fuel or receiving some domestically produced gas and running at sub-optimal levels are eligible for government subsidy to help them buy costly imported liquefied natural gas (LNG).

Revival of gas based plants to help Indian banks: Moody's

Among the biggest beneficiaries of these measures are IDBI Bank, State Bank of India and ICICI Bank.

IDFC, PFC biggest gainers of lower gas prices: UBS

As domestic natural gas prices fall by a whopping 9 percent to USD 4.56 per unit from April 1 reflecting the softening in international prices, power and fertilizer sectors with exposure to gas based power projects are set to gain from the bonanza.