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Recent News

Piyush Goyal wants thermal power units to ramp up Plant Load Factor to 100%

The Hindu Businessline 21-05-2018

There is a need to increase the Plant Load Factor (PLF) of various thermal power plants from the current levels of 60 per cent, according to Coal Minister Piyush Goyal.

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Power producers see no relief from rationalisation of coal linkages

The Hindu Businessline 21-05-2018

Private power producers (IPPs) believe the methodology for rationalisation of coal linkages approved by the government earlier this week is unlikely so solve the fuel-related issues they face.

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RPower sells stake in Tilaiya UMPP to Jharkhand utility for 112 crore

The Hindu Businessline 21-05-2018

Reliance Power of the Anil Ambani-led Reliance Group has sold its entire stake in Jharkhand Integrated Power, an SPV created for the development of the 3,960 MW Tilaiya Ultra Mega Power Project (UMPP), to the State utility, Jharkhand Urja Vikas Nigam Ltd (JUVNL), for 112.64 crore.

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Oil, gas contractors to get rights for other hydrocarbons in their areas

Business Standard 21-05-2018

operators of blocks under the New Exploration Licensing Policy (Nelp) and pre-Nelp rounds will be able to access shale oil, shale gas, coal-bed methane (CBM) and gas hydrates from the same blocks where they are extracting conventional oil and gas.

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Jharkhand govt set to re-award Tilaiya ultra mega power project

Business Standard 21-05-2018

After buying from Reliance Power the Special Purpose Vehicle (SPV) formed for execution of the 4,000 Mw Ultra Mega Power Project (UMPP) meant to come up at Tilaiya, the Jharkhand government is looking to re-tender it.

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Solar-powered CSCs to reach 2.50 lakh villages by year-end

The Economic Times 21-05-2018

The network of solar-powered Common Service Centres (CSCs), which act as access points for delivery of digital services, are set to be expanded to 2.50 lakh gram panchayats by the year-end, IT Minister Ravi Shankar Prasad said today.

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Coal imports by power plants fall 22 per cent in April: CEA data

The Economic Times 21-05-2018

Coal imports by power utilities fell by 22.23% to 3.73 million tonnes in April mainly due to decline in shipments by imported coal based power projects in the country.

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SB Energy bags 200 MW projects via SECI auction

The Economic Times 21-05-2018

Renewable energy joint venture SB Energy has won the entire 200 MW of solar projects auctioned by state-run Solar Energy Corporation of India (SECI) in Karnataka, a top company executive said.

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Tata Power, Actis in fray to buy Essel?s solar power plants

Mint 21-05-2018

Tata Power Ltd and Actis LLP are in separate talks to buy the solar power business of Subhash Chandra?s Essel Infraprojects Ltd, two people aware of the development said.

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Adani?s Kawai unit gets major relief

The Financial Express 21-05-2018

The Rajasthan Electricity Regulatory Commission (RERC) has allowed Adani Power Rajasthan (ARPL), which runs the 1,320-MW Kawai power plant, to recover the additional cost ? estimated by the company at Rs 1,221 crore per annum since 2014, but yet to be approved by the buyer discoms ? on account of having to import coal due to reduced supplies from Coal India (CIL).

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PTC India fourth quarter net profit down 18 per cent

The Economic Times 18-05-2018

PTC India Ltd, the country?s largest power trader, reported an 18 per cent drop in net profit for the quarter ended March at Rs 64.37 crore on a standalone basis as against a net profit of Rs 78.77 crore in the corresponding quarter previous financial year (2016-17).

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India seeks to aid Indonesia in developing port in Aceh

The Economic Times 18-05-2018

India seeks to assist SE Asia's biggest country Indonesia in developing port in Aceh closer to Andaman & Nicobar Islands as part of Indo-Pacific strategy enabling to balance China's Belt and Road Initiative.

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India looks to rupee payment system for Iran oil

Financial Chronicle 18-05-2018

Faced with the prospect of US-led sanctions on Iran disrupting crude supplies to In­dia again, the government proposes to resume rupee/ rial deal in the oil trade bet­w­een the two countries bypassing use of global currency to settle these contracts.

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Seeking bidders: Monnet Power?s put on the block again

The Financial Express 18-05-2018

Monnet Power, promoted by the Jajodia family, is up for sale. Monnet Power is an 88% subsidiary of Monnet Ispat, which has been bid for and won under the Insolvency and Bankruptcy Code (IBC) process by the JSW Steel-Aion Investments combine.

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Pain at the pump: Brace yourself for even costlier auto fuels

The Financial Express 18-05-2018

With oil turning costlier relentlessly ? Brent crude went past $80 a barrel on Thursday, up 3.3% from a week ago and a three-and-half-year high, taking the cost of Indian basket to a prohibitive $76 a barrel ? and the rupee losing value against the dollar, consumers should brace for more hikes in auto fuel prices.

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