NHPC signed the MoU with the Power Ministry for 2018-19 today, the power PSU said in a statement.
Set for commissioning by June this year across several sites in the country, most of these orders have been placed by different industrial customers, such as textile, auto parts and pharmaceutical companies, who want to move their supply to renewable sources.
Ajay Kumar Bhalla told Moneycontrol that the government was preparing a policy to make UMPPs more stable and attractive for private developers
The certification applies to DMRC's Blue Line covering 51 stations in India
The company bagged a turnkey order from the Tamil Nadu Transmission Corporation for construction of 765 kV D/C transmission lines and a Rs 64 crore contract from the Power Grid Corporation and state electricity boards for GIS substation and transmission line, it said in a release.
The power department has subsidised 50 percent of the energy charges for domestic consumers up to 400 units per month.
With pass through of any hike in duties, solar power developers will be allowed to increase the tariffs based on which they have bagged the projects, so as to recover the extra cost.
In a meeting last week, the minister took review of the coal stock at various power plants and coal loading by Indian railways.
"The average Market Clearing Price (MCP) discovered in the day-ahead market was at Rs 3.23 per unit, which was 27 per cent above Rs 2.54 per unit same month last year (February 2017)," IEX said in a statement.
"The installed power generation capacity is 330 GW. The available power is 220 GW. The peak rated requirement is about 155 GW. In term of power capacity and requirement, yes (India is a power surplus country)," Power Secretary A K Bhalla said during a panel discussion here when asked whether it is an illusion that India is a power surplus state.
If the NDA government does meet its deadline of taking electricity to all houses by around the time of the next Lok Sabha polls, it could give the BJP a poll plank.
New & Renewable Energy Secretary Anand Kumar, stressed that the country would achieve its target of 175 GW of installed renewable energy capacity well before 2022 adding that ISA shall help mobilise sufficient funds for solar energy projects.
Rationalisation essentially means that fixed cost should be recovered from fixed charges and variable cost from variable charges.
Bangladesh Power Development Board (BPDB) had invited tenders for supply of 500 MW power from India for short term (June 1, 2018 to December 31, 2019) and long term (January 1, 2020 to May 31, 2033).
The minister also opined that the cheap renewable power alone cannot meet the entire demand in view of fears among conventional energy operators after free fall in tariffs of wind and solar power last year.
But look close and you begin to see the first stirrings of policy change which could overhaul the power sector.
Over the past five years, all energy costs have been subject to two unanticipated headwinds. One was the discovery of shale oil which could be recovered quite easily at average costs of around $40 a barrel equivalent. The other was renewables – particularly wind and solar.
The public sector power utility said it will continue to work towards the local area development and betterment of the affected people even after the project goes on stream.
It will be set up as an expansion project of Maharashtra State Power Generation Company's (MAHAGENCO) Bhusawal Thermal Power Station in Jalgaon district, BHEL said in a BSE filing.
Due to this revision, the world's largest coal miner will earn an incremental revenue of Rs 1,956 crore for the remaining period of the 2017-18 fiscal year while total revenue will be Rs 6,421 crore, the company said in a regulatory filing.
Western-backed Palestinian President Mahmoud Abbas withdrew his guarantee to pay Israel for power in April, leaving Gaza's two million residents with only three to four hours of electricity a day as supplies were cut by about half.
Inaugurating the Rs 629 crore Umtru hydro-electric project at Dehal in Ri Bhoi district yesterday, he said the state has various potential areas for power generation and called on the local indigenous people to participate in the process of state building.
The Telangana Congress, which made a power point presentation on the energy sector yesterday, accused the ruling TRS of making false claims on the issue.
The Ujwal DISCOM Assurance Yojana (UDAY) was launched for the operational and financial turnaround of state-owned Power Distribution Companies (DISCOMs).
In a separate reply to the House, Power and New & Renewable Energy Minister RK Singh said that tidal energy cannot be presently harnessed on commercial basis due to high capital cost ranging from Rs 30 crore to 60 crore per MW.