Tag: Indian power projects

Why the new coal auction policy will fail

With the Coalgate scam behind it, the government is now all set to allot coal mines under the new auction policy adopted last year. The government hopes the move will root out political favouritism in coal block allotment, help improve domestic coal output, and decrease the cost of power. But the new policy is likely… Read More ›

Essar Energy rejects Ruias’ takeover bid

Essar Energy Plc rejected a possible buyout bid from its majority shareholder, saying the offer of about £900 million undervalued the London-listed oil and gas company. The decision comes as a shot in the arm for minority shareholders such asHenderson Global and Standard Life, who were vocal about their displeasure and had termed the offer from Essar Global Fund… Read More ›

Gas price hike threat looms over Indian power sector

New Delhi: The light bulb in Komal’s room flickers and dies, preventing the 17 year-old from studying for high-school exams as she strives for an education that can help her escape the squalor of a slum in New Delhi. Komal, who goes by one name, is one of the hundreds of millions in India suffering outages… Read More ›

Consultant lists options to revive Dabhol power project

New Delhi: To revive Ratnagiri Gas and Power Pvt. Ltd, consultant Deloitte Touche Tohmatsu India Pvt. Ltd has presented a plan that includes options such as the Dabhol project be paid the minimum amount for sustenance from Maharashtra, people familiar with the development said. The beneficiary from the beleaguered project—Maharashtra State Electricity Distribution Co. Ltd—may pay… Read More ›

States may challenge power regulator’s order to compensate Tatas, Adanis for costly coal

NEW DELHI: Narendra Modi’s Gujarat government and other states may challenge the landmark regulatory order asking them to pay for higher cost of imported coal used by Tata Power and Adani Power, but industry executives said the verdict was fair and would help consumers also. After Saturday’s order by Central Electricity Regulatory Commission (CERC), state… Read More ›

Vote on Account 2014: Growth of capital goods largely dependent on addition in installed power capacity

Journey so far: The growth of capital goods sector in India has largely been dependent on the addition in installed power capacity. In the last two five year plans incremental capacity added by 94832mw, which out of total installed capacity of 2.33lkh mw, nearly 41% of capacity addition happened in last two five year plan. Going with… Read More ›

Indian solar industry divided as US government moves WTO against JNNSM

NEW DELHI: The recent case by the US government inWTO against the Jawaharlal Nehru National Solar Mission(JNNSM) has created rift in the Indian solar industry. While the solar cell manufacturers stand by the government’s decision to back the industry, the power project developers are in chorus with the exporters and foreign cells makers citing decreasing cost of solar power as the reason… Read More ›

India records peak power deficit of 4%: CEA

NEW DELHI: Country’s peak power deficit — shortfall in electricity supply when the demand is at the maximum point — was 5,378 MW or 4 per cent last month. The deficit was much lower than recorded in January 2013. According to the latest data by the Central Electricity Authority (CEA), the total peak power demand… Read More ›

NPTC looks to buy out stranded private power projects

NTPC is in talks with private companies to buy out or acquire some stranded power projects, which have failed to take off due to reasons such as non-availability of fuel and the like. NTPC Chairman and Managing Director Arup Roy Choudhury said the company had a couple of proposals before it. “I won’t specify any… Read More ›