Power Purchase Agreements

The government wants to increase the share of the electricity market in India, senior officials told Moneycontrol. in 2022-23, the total traded volume in the Indian electricity market was 1,02,276 million units (MU), which is only a small portion of the energy generated from all sources (including RE) of 16,24,465 MU.

Looking at a capex of Rs 12,000 crore in FY 2024: Praveer Sinha Tata Power CEO & MD

The government has set ambitious annual targets for bidding out 50GW if renewable energy projects every year. Tata Power will actively participate in these tenders, Sinha said.

Gujarat discoms sign pacts for 3,979 solar projects with 2,500 MW capacity

These small-scale distributed solar projects, to be commissioned within the next 18 months, will bring in an investment of over Rs 10,000 crore in the state for the development of green energy and allied sectors.

Power sector needs high-voltage measures

Centre, states must work together to cure ills afflicting electricity generation and supply

Policy | Renewable energy needs a renewed thrust

The growing incoherence between the Centre’s policy thrust on renewable energy and the actual action by the implementation agencies such as the Solar Corporation of India and state distribution companies is clouding the prospects for green power.

Jindal India Thermal on lookout for buyers for its Odisha unit

A host of power companies have been shedding their assets lately to counter fuel supply concerns and mounting interest costs burden. An article in Mint today reports the BC Jindal group company - Jindal India Thermal Power (JITPL) - is also on the lookout for buyers to sell its 1,200 megawatt (MW) Odisha plant.

GIPCL signs PPAs with SECI for solar power projects

"GIPCL...has signed PPAs with Solar Energy Corporation of India for 2x40 MW Solar Power Projects in Gujarat Solar Park, Village Charanka, District Patan, under National Solar Mission (NSM) Phase-II, Batch IV," the company said in a filing to BSE.

Essar Power may sell gas-based plants in Gujarat to pare debt

Burdened by a whopping Rs 20,369 crore debt, private utility Essar Power is looking to sell two of its gas-based plants in Gujarat to reduce debt, a senior company official said.

'SC order on power sector regulators positive for producers'

"The recent SC orders...is a positive regulatory development for generation entities, which are in dispute with off-takers over the review of tariff, arising out of reasons/events which are uncontrollable," Icra said in a statement.

Outlook for India's power sector remains negative: Moody's

Some independent power producers (IPPs) are also locked into power purchase agreements (PPAs) that have become unviable because they do not allow the high costs of imported fuel to be passed through, it said.

Discoms haven't gained from financial rejig: Feedback Infra

RS Ramasubramaniam, co-chairman of Feedback Infra, says power requirement has grown by 5 percent in the last 5 years, while availability has historically grown by 6-6.5 percent. Power contraction was around 10 percent in April 2015 versus historical growth rate.

Essar Power to start mining from Tokisud block in Jharkhand

Essar Power MP owns and operates the 1,200 MW coal based power plant in Mahan, Madhya Pradesh, which has been set up with an investment of Rs 8,000 crore.

CERC move positive, CIL coal linkage an issue: Adani Power

CERC has allowed gross compensatory tariff of Rs 0.85 / kWh against Gujarat PPA (vs Deepak Parekh committee recommendation of Rs 0.89 / kWh) and Rs 0.36/kWh against Haryana PPA (vs Deepak Parekh committee recommendation of Rs 0.41 / kWh).

CERC ruling is new lease of life for Adani Power: CLSA

Adani Power shares have fallen around 33 percent to Rs 70.40 in the past one year on inability to raise tariff despite high imports and insufficient fuel supply affected production.

Additional units to push Mundra UMPP losses higher: Moody's

The losses at Tata Power's 4,000 MW Mundra project "will mount" with additional units getting commissioned since the company can only partially pass on fuel costs to consumers, global rating agency Moody's said.

See upside in infra, power if reforms pick up: Geosphere

A basic deal for fiscal cliff has been signed between Republicans and Democrats. What kind of impact that could have for our markets and markets globally? Arvind Sanger, Managing Partner at Geosphere Capital Management talks to CNBC-TV18.

Power Min seeks restrictions on coal usage: Sources

The Power Ministry seeks restrictions on the usage of coal in the country, reports CNBC-TV18.

Essar Grp takes tough stand as gas-based power loses favour

Essar Steel's bid to reduce its cost structures may land its sister concern Essar Power in trouble, reports CNBC-TV18's Archana Shukla.

Will maintain volume growth at 25-30% for FY12: PTC India

Power trading solutions provider hopes to maintian volume growth at around 25-30% for FY12 on the back of various projects which are expected to add volumes in the long-term and short-term.

Expect a hike in sugar prices post monsoon: Balrampur Chini

Speaking to CNBC-TV18, Vivek Saraogi, managing director of Balrampur Chini said that the government's decision to allow additional sugar exports will benefit the industry.

State electricity board must up end level tariffs: Expert

A longer term worry for those exposed to the SEBs is a recent IIFL report which points out that the finances of SEBs has taken a turn for the worse. Harshvardhan Dole VP Research - Institutional Equities of IIFL, talks about the report that he wrote.