Tag: Tata Power

Solar Power: Cost of production dropped 60%; price to equal thermal power’s in three years


More importantly, the MP tender brought the price of solar power closer to the price of thermal power — produced from coal or gas, and India’s largest source.   Earlier this month, when Madhya Pradesh accepted the bid of Himgiri Energ y Ventures to supply solar power to the state grid at Rs 6.5 a unit,… Read More ›

Vijay Kelkar wants existing regime for oil contracts


Kelkar said the committee had requested AOGO to provide data and analysis of issues that affect the sector. These were included in its interim report, which was submitted to the government in January.   NEW DELHI: Vijay Kelkar, chairman of the expert panel on energy security, has stuck to his position that the existing regime for… Read More ›

Many electricity regulatory bodies headless


Regulatory commissions in most states are either headless or have not appointed an expert member, leaving them overworked.  NEW DELHI: Power firms have a new regulatory hurdle. Regulatory commissions in most states are either headless or have not appointed an expert member, leaving them overworked, while power producers unable to get quick orders on tariffs… Read More ›

DVC seeks law tweak, may split power business from other activities


The DVC Act stipulates that the company will undertake flood-control, aid irrigation and help supply water for industrial and domestic use.  KOLKATA: State-run power producer Damodar Valley Corporation does not have the means to undertake operations it was mandated to carry out, according to its acting chairman Arup Roy Choudhury. The company is now seeking… Read More ›

Lower sales, coal realisations take toll on Tata Power


A cap on FIIs in private banks restricts the extent of money that overseas portfolio investors can put into the proposed share sale Tata Power narrowed its consolidated loss to Rs 75 crore for the December 2013 quarter versus Rs 329 crore last year, but the overall performance is a far cry from Street’s estimates, which… Read More ›

Proposed US law could boost gas export to India


The surplus is largely due to rapid advances in the technology and extraction of shale gas and oil over recent years The latest version of a Bill in the US legislature for expedited approval on export of natural gas to World Trade Organization members could help India. Over the past year, surplus production of LNG (liquefied natural gas) in… Read More ›

Advantage Tata Power, pain for NTPC


Tata Power surges 5%; NTPC slumps to five-year low Power stocks reacted in a mixed way at the bourses on Monday, on the back of  separate orders by the Central Electricity Regulatory Commission (CERC). While the regulator upheld its earlier order of a bailout package to Tata Power for the electricity generated from its imported coal-based Mundra plant in Gujarat, it… Read More ›

No headway in India-US civil N-deal


US urges New Delhi to align its nuclear liability law with the international convention The much-awaited India-US Energy Dialogue has failed to push the stalled civil nuclear deal forward, even as the US urged India to align its nuclear liability law with the international convention on the issue. Ahead of a meeting of a working group on civil nuclear… Read More ›

Clarity on marketing margins to trigger IGL re-rating


After the government raised the allocation of domestic gas for city distribution operations last month, IGL cut CNG prices by 20-30 per cent Uncertainty regarding its ongoing case with the Petroleum and Natural Gas Regulatory Board (PNGRB) and weaker volumes due to consistent price increases, to offset higher input costs, saw Indraprastha Gas (IGL), the… Read More ›

Reliance Infrastructure, Tata Power in focus


Reliance Infrastructure has rallied 6% to Rs 431, while Tata Power up 4% to Rs 82.10 on the Bombay Stock Exchange. Reliance Infrastructure and Tata Power are trading higher by up to 6% on reports that the Delhi Electricity Regulatory Commission (DERC) has allowed distribution companies to recover dues in phases starting 2014-15. The regulator has worked out a plan… Read More ›