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Indian Power Sector News

Daily news updates about Indian Power sector. News and articles related to Indian Power Sector  and technology trends. You can subscribe to our feeds to put Indian power sector news on your web site/ Blog

Greenko looks to buy Reliance Infra Mumbai electricity biz for Rs 14,000 cr

Greenko looks to buy Reliance Infra Mumbai electricity biz for Rs 14,000 cr

Renewables company Greenko, backed by Singapore's GIC and Abu Dhabi Investment Authority, is seeking to buy the Anil Ambani-led Reliance Infrastructure's Mumbai electricity business for Rs 13,000-14,000 crore ($2.15 billion), the Economic Times reported on Monday while citing sources familiar with the development.
According to the financial daily, Greenko has submitted a time-bound and non-binding offer and is waiting for Reliance Infra's response to enter into exclusive negotiations. However, the report added that the offer would cease to be valid this week unless Greenko and Reliance Infra agreed to exclusive negotiations.

 

Telangana become largest producer of solar power in India

Telangana  become largest producer of solar power in India

Telangana is now the largest producer of solar energy in the country, after toppling its role model Gujarat. Gujarat was number one in the country in generating this form of renewable energy, but now has been relegated to the sixth spot. Statistics available in September show that Telangana, generat...

Rajastan to scrap long term contracts - NLC reduces tariff to save plant

Rajastan to scrap long term contracts - NLC reduces tariff to save plant

State-run generator NLC India Ltd is offering to reduce tariffs from two of its power plants after its main buyer asked the company to lower prices or shelve the projects, according to two officials with knowledge of the matter.
NLC has offered to bring tariffs down by about Rs0.5 per kilowatt hour, ...

Crisil forecasts bleak revival prospects for 21 GW stressed assets in power sector

Crisil forecasts bleak revival prospects for 21 GW stressed assets in power sector

A large proportion of coal-based power generation capacities in the private sector, under stress due to multiple factors, will remain depressed for a long time despite a raft of alleviation measures from the government, according to Crisil Research.
As of August 2017, about 21 GW of commissioned priv...

Saubhagya scheme to create additional power demand of 28,000 MW in the country

Saubhagya scheme to create additional power demand of 28,000 MW in the country

The household electrification scheme ‘Saubhagya’ is expected to create an additional power demand of 28,000-mw in the country, helping the stressed power plants that are either idling or underutilised.
“Considering an average load of 1 kwh per household and average uses of load for 8 hours in a day, ...

Wind turbine manufacturers to face headwinds in near term:ICRA

Wind turbine manufacturers to face headwinds in near term:ICRA

Following the transition from feed-in tariff to bid tariff route, wind turbine manufacturers are likely to face headwinds in near term, says ICRA.
"The wind energy sector is undergoing a transition phase from feed-in tariff regime to a bid based regime, post the success of a reverse auction under the...

Modi launches ₹16,000-crore Saubhagya scheme for household electrification

Modi launches ₹16,000-crore Saubhagya scheme for household electrification

The welfare of the poor is linked to the identity of the NDA government, Prime Minister Narendra Modi said on Monday. He was speaking at the launch of a ₹16,000 crore scheme, Saubhagya, under which households across the country that have no access to electricity, will be given power connections free...

Indian Oil, HPCL, BPCL eyeing electric vehicles, renewables business

Indian Oil, HPCL, BPCL eyeing electric vehicles, renewables business

Wary of being left behind in the race for renewables and electric vehicles, oil marketing companies are quietly drawing up plans to expand their modest presence in renewable energy space.
Indian Oil Corp. Ltd, the largest of the three big oil marketers, is exploring opportunities for setting up batte...

Allot 2000 MW of power from KKNPP 3&4 units to TN: Minister

Allot 2000 MW of power from KKNPP 3&4 units to TN: Minister

Tamil Nadu Electricity Minister P Thangamani  requested Union Minister of State for Power R K Singh to allot the 2,000MW of power that would be generated from third and fourth units of Kudankulam Nuclear Power Plant.
Thangamani called Singh in New Delhi today and discussed about various power pr...

PFC to provide Rs 4,000 crore for 4 GW Yadadri Thermal Power Plant

PFC to provide Rs 4,000 crore for 4 GW  Yadadri Thermal Power Plant

State-run Power Finance Corp (PFC) has committed financial assistance of Rs 4,009 crore to Telangana for setting up a 4,000 MW thermal power plant in Nalgonda district.
PFC has sanctioned a term loan of Rs 4,009 crore to TSGENCO (Telangana Power Generation Corporation Ltd) for setting up 5X800 MW, co...

Power sector feels burden of ‘stranded’ input credit

Power sector feels burden of ‘stranded’ input credit

The power sector is in a fix because of the build-up of stranded input credit, which are adding to the costs of setting up infrastructure for power generation, transmission and distribution. The non-inclusion of the power sector under the GST regime has led to rising costs.
According to industry play...

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