Power Purchase Agreement

Tweak in electricity act — timing a shocker

Amid lockdown, power ministry needs to allow more time for consultation on the proposed amendments to power legislation

MP govt, DMRC to ink pact to supply power from Rewa project

"DMRC will sign the agreement with the parties concerned at a function on April 17. Under the PPA, DMRC will get 24 per cent solar power of Rewa UMSP. The rest of the power will be supplied to the state," Madhya Pradesh New and Renewable Energy Department (NRED) Principal Secretary Manu Shrivastava told PTI.

Cabinet may approve new coal linkage policy next week: Sources

Power companies not having coal linkage may benefit from the new policy and companies with power purchase agreement (PPA) will be given preference for coal allocation.

NTPC signs 160 MW PPA with Nepal Electricity Authority

The agreement was signed by Arun Kumar Garg, CEO, NVVN and Kul Man Ghising Managing Director, NEA, the statement said.

See FY17 lignite volumes around 80 lakh tonnes: GMDC

The FY17 lignite volumes would be more than 80 lakh tonnes, said L Kulshrestha, CFO, GMDC.

CESC secures 712cr loan for capex and debt management

RP Sanjiv Goenka Group flagship CESC Ltd has secured a term loan of Rs 712 crore from four banks towards meeting capital expenditure and retiring long term debt

Here are some investment ideas by Deepak Shenoy

In an interview to Anuj Singhal and Ekta Batra on CNBC-TV18, Deepak Shenoy of Capitalmind.in shared his reading and outlook on market and specific stocks.

In boost to revenue visibility, JSW Energy may bag 750MW PPA

Harshvardhan Dole of IIFL said prima facie this deal will help to allay investor concerns.

Rays Power bags 10 MW solar project in Karnataka

The project will be set up employing Poly Crystalline Technology at Chikkabalapura district of the state at a tariff of Rs 5 per unit under power purchase agreement, the company said in a press release.

Hindustan Power may come out with IPO in 2017

"Sometime in 2017 depending upon our capital need, we may look at an initial public offer," Hindustan Power Chairman Ratul Puri told reporters here.

Gayatri Projects up 5% on arm's PPA with Telangana power discoms

"Thermal Powertech Corporation India (TPCIL) has signed a long term power purchase agreement (PPA) with the Telengana power distribution companies," the Hyderabad-based infrastructure & construction company said in its filing.

Govt may announce incentives for solar projects in Budget

An inter-ministerial committee headed by the Department of Industrial Policy and Promotion (DIPP) Secretary would soon finalise the report and submit to the Prime Minister's Office for necessary action, according to an official.

CESC commissions 18 MW solar project in Madurai

"With the adding of this fourth renewable power plant, the Group has reinforced its thrust on energy diversification and expects the total renewable capacity to touch 113 MW by the end of this fiscal year," the company said in a press release

Delhi govt can shut down power plant only within PPA: Goyal

The minister said however that the Delhi government has not approached the Union Power Ministry or him on sorting out issues related to PPA for shutting down the Badarpur power plant, which is one of the measures being contemplated to curb the rising pollution in the national capital.

Telangana inks deal with Chhattisgarh to buy 1000 MW power

According to a press release issued by the Telangana Government this is in addition to the PPA both the states had earlier in November last year for 1000 mw.

SC begins hearing in coal block allocation scam

Mukul Rohatgi on his part said that it would not be appropriate to cancel all the coal blocks. He has asked the Supreme Court also to come out with a ruling fast so that decision making is not delayed and the government can actually expeditiously move towards auction of blocks.

Simplified: How Adani, Tata tariff case played out

The decision by the Central Electricity Regulatory Commission (CERC) to grant compensation for past losses and a tariff hike ahead for loss-making power projects in Mundra sets a precedent.

Akhil Gupta: Let the sun free India from CAD crisis

Investment in solar power can lead to a significant improvement in the balance of payments by reducing energy imports as well as, eventually, driving down power tariffs for end-users.

Factors that may dent Adani Power's Q1 numbers

Though, Adani Power is one of the biggest beneficiaries of declining imported coal prices as around 65 percent of its fuel cost is in dollar terms, a constantly weakening rupee posed operational risk.

Signed PPA with AP govt for 25 years: Gayatri Projects

Gayatri Projects is setting up a 1,320 megawatt (MW) power plant in Krishnapatnam, which is in an advance stage of construction, says TV Sandeep Reddy, managing director Gayatri Projects.

Coal min seeks status of PPAs from 20 cos by Wednesday

The government has sought by April 10 the status of the power purchase agreements from 20 companies, including NTPC, NMDC, NHPC and Neyveli Lignite, that have applied for coal mines to be alloted to PSUs.

SEB reform long term positive for power cos: Credit Suisse

With the central government set to come out with a financial package for loss-making state electricity boards, Amish Shah of Credit Suisse feels the move will help power generators improve their working capital cycle as they can now hope for timely payments from their customers (state electricity boards).