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Recent News

Solar power sector: 2019 outlook

ET Energy 09-01-2019

The outlook for the solar power industry looks positive in 2019 on the back of improved capacity addition, favourable policy push and rising demand for non-fossil fuel based energy, industry CEOs and sector experts told ETEnergyworld. They, however, caution against low tariffs hurting the viability of projects and quality of installations.

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OVL acquisitions fail to augment energy security

Financial Chronicle 08-01-2019

ONGC Videsh (OVL), the overseas arm of Oil and Natural Gas Corporation (ONGC), seems to be following the trajectory taken by its parent, which failed to achieve any significant increase in domestic production of oil and gas.

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ONGC ramps up gas output

The Financial Express 07-01-2019

When ONGC acquired Gujarat government-owned GSPC?s then-languishing Deen Dayal-West (DDW) block in the Krishna Godawari basin in late 2016, apparently under a government directive, many thought it could add to the explorer?s portfolio of under-performing assets.

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UP solar tender oversubscribed

The Financial Express 04-12-2018

In what can be seen as a validation of Uttar Pradesh government?s optimism regarding setting a competitive upper tariff of Rs 3.10/kWh for its 550 MW solar tender, its entire tender bucket has been oversubscribed well within the benchmark set by it.

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Much-touted discom revival scheme heading for failure

Financial Chronicle 26-11-2018

The power sector has brought the Modi government at par with others in terms of failure to clean up the mess in the country?s distribution segment. As has been the case in the two previous debt restructuring programmes, the fate of the much-touted discom revival scheme Ujwal Discom Assurance Yojana or UDAY, launched by the present government, is also headed for a failure.

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15-11-2018

This is mainly for completing the ambitious Bharatmala, the scheme that received Cabinet approval in October 2017.

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Coal stocks in a third of NTPC plants close to nil

The Financial Express 15-11-2018

Coal supply shortage continues to haunt NTPC, the country?s largest power generator, with latest government data showing 31% of the company?s coal-based capacity is running with ?hand to mouth? coal stock. As on November 12, six major NTPC power plants, with a combined capacity of 12,480 MW, have fuel stock of ?zero? days, data from the Central Electricity Authority show.

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IEX plans new tools for flexible power trade

The Financial Express 01-11-2018

In a bid to adapt to the evolving nature of short term electricity trade, the Indian Energy Exchange (IEX) is planning to introduce new tools for trading power in the spot market.

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24-10-2018

They have extended their brands to products that have little bearing with their areas of core competence

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OMCs raking in profit as refining margins rise

Financial Chronicle 22-10-2018

The government decision to let state-owned oil marketing companies (OMCs) absorb Rs 1 per litre increase in retail price of petrol and diesel is unlikely make a major dent in their revenues as almost all entities are constantly making major gains from a rise in their gross refining margins or GRMs.

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22-10-2018

According to the National Power Portal, 121 out of 123 power plants have less than five days of coal stock.

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E-car sales plunge 40% in FY18

The Hindu Businessline 22-10-2018

Despite the massive government push towards electric mobility, e-car sales plunged 40 per cent to a low of 1,200 units in FY18 over FY17, while e-two-wheeler sales zoomed 138 per cent to 54,800 unit during the same period, says an industry report.

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OMCs will continue to bleed as govt rules out dividend relief

Financial Chronicle 10-10-2018

Oil marketing companies (OMCs), already reeling under pressure due to absorption of Re 1 per litre cut in petrol and diesel prices, cannot expect any respite in the form of lower dividend to the government this financial year.

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?Low solar tariffs warrant strict due diligence?

The Financial Express 05-10-2018

Leading bankers and renewable energy financing experts from multilateral agencies have pointed out that low solar tariffs quoted in reverse auctions should be done after comprehensive assessment to maintain the long-term viability of power generation projects.

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