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Recent News

46 GW generation capacity lacks last mile connectivity: Official

The Economic Times 29-03-2017

Around 46,000 MW power generation capacity is stranded as states have not built sufficient infrastructure to evacuate electricity from these plants, a senior official has said.

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Energy Efficiency Ltd eyes $300-m World Bank loan

The Hindu Businessline 29-03-2017

Public sector Energy Efficiency Services Ltd is hungry for cash. This week it will raise a $200-million loan from ADB, and negotiations are on with the World Bank for another $300 million.

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How CLP succeeded in India as other power players struggled

Business Standard 29-03-2017

Buried deep in the Malwa plateau in Madhya Pradesh lies Chandgarh, a dry and dusty village dotted with patches of cultivable land

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In Arvind Kejriwal ruled Delhi, power generation cost doubles in 5 years

The Financial Express 29-03-2017

Although the Delhi government has often blamed the city state's higher power tariff on the three privately-owned power distribution companies (discoms), power manufacturing cost at its own generation companies has doubled in the last five years, which has forced discoms to reduce their purchase from these plants, an audit report by the Comptroller and Auditor General (CAG) said.

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Discoms account for 96% of PSU losses in MP

The Financial Express 29-03-2017

Discoms in Madhya Pradesh accounted for more than 96% of the losses incurred by the state's public sector units (PSUs) in FY2016, a report by the Comptroller and Auditor General of India (CAG) revealed.

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CIL in talk with coastal power companies to substitute imports

The Economic Times 29-03-2017

State-owned Coal India Limited is in talks with power companies along the western and eastern coasts to discontinue the use of imported coal.

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Atria Power in talks to raise $100 million in structured debt from Piramal

Mint 29-03-2017

Atria Power Corp. Ltd, a Bengaluru-based renewable power producer, is in talks with Piramal Group to raise structured debt worth $100 million, two people aware of the development said.

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Wind developers at risk as India copes with dual payment system

Mint 29-03-2017

India's wind-energy industry is seeing the viability of projects called into question as it adjusts to Prime Minister Narendra Modi's transition away from two separate systems to pay for clean power.

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Govt to extend sops for Mega Power Policy projects by five years

Mint 29-03-2017

The government is set to extend by up to five years the benefits of the Mega Power Policy which promised customs and excise duty benefits to power projects of 1,000 megawatt (MW) or more capacity that sign long-term power purchase deals.

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NTPC board okays Rs. 3,004-cr investment for Talaipalli project

The Hindu Businessline 29-03-2017

NTPC board has approved an investment of Rs. 3,004 crore for Talaipalli coal mining project which has an estimated 18 million tonnes per annum capacity in Chhattisgarh.

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GE provides 1,500 MW power to Champa UHVDC project

The Hindu Businessline 29-03-2017

GE Energy Connections announced in a press statement that it has successfully transmitted 1,500 MW of power for phase 1 of the Champa Ultra High Voltage Direct Current (UHVDC) project.

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Coal India to again appeal against CCI penalty order

The Economic Times 28-03-2017

Coal India may once again appeal to the Competition Appellate Tribunal (COMPAT) against the Rs. 591-crore penalty imposed by the Competition Commission of India (CCI) on it last week.

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Greenko Energy raises Rs 1,010 crore from GIC, Abu Dhabi Investment Authority to power growth

The Economic Times 28-03-2017

Greenko Energy Holdings raised $155 million (Rs 1,010 crore) from existing investors Singapore's sovereign wealth fund GIC and Abu Dhabi Investment Authority (ADIA) in one of the largest fund-raising exercises in the renewable energy sector. The funds will be deployed to help Greenko expand its clean energy portfolio to 3 gigawatts from 2GW.

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Temasek-backed Sembcorp set to pump in $600 million in India power arm

Mint 28-03-2017

Sembcorp Industries Ltd, controlled by Singapore's state-run investment firm Temasek Holdings Pte Ltd, is set to provide about $600 million to its Sembcorp Gayatri Power Ltd (SGPL) unit that operates a 1,320 megawatt (MW) thermal plant in Andhra Pradesh.

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Macquarie in talks to buy solar power assets of Hindustan Power

Mint 28-03-2017

Macquarie Infrastructure and Real Assets (MIRA) is in advanced talks to acquire a 320 megawatt (MW) portfolio of solar assets from Hindustan Power Projects Pvt. Ltd (HPPPL), two people familiar with the development said.

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