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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

Multi-Commodity Exchange launches future trading of electricity

Multi-Commodity Exchange launches future trading of electricityDespite bad experience of price increase of commodities through future trading, Multi Commodity Exchange has launched futures trading in electricity for the first time in India on 09-01-2009.  Financial Technologies India Ltd, the biggest stakeholder in MCX, is also the promoter of Indian Energy Exchange, which trades spot electricity. Left parties  already opposed future trading , saying speculators are driving up prices and fanning inflation.

FUTURES trading in most commodities was prohibited in India under the provisions of the Forward Contract Regulation Act, 1952 since the early days of development planning. While the prohibition was progressively lifted for many commodities in the post-liberalization period, essential commodities like wheat, rice (non-basmati), pulses, edible oils , sugar and electricity continued to remain outside its purview. It was in 2003 that the BJP led NDA government lifted all prohibition on futures trading and even allowed online trading of essential commodities in newly established commodity exchanges.

 

Tenders invited for engaging Consultants to restructure TNEB

Tenders invited for engaging Consultants to restructure TNEBThe Tamil Nadu Electricity Board (TNEB) has invited tenders to engage the services of a consultant to restructure the board in accordance with a central legislation, the Electricity Act, 2003. The state government had sought an extension of deadline to implement the EB's rebundling process by six mo...

Solar policy of Gujarat offers concessions for solar power generation

Solar policy of Gujarat offers concessions for solar power generation

In a major climate efficient initiative, the Gujarat government came up with a solar power generation policy. Those willing to set up solar photovoltic and solar thermal projects in the state will get a lot of number of concessions through this policy.The government came up with the solar power poli...

Tata Power approaches Delhi High Court for re-tendering Sasan UMPP

Tata Power approaches Delhi High Court for re-tendering Sasan UMPPTata Power has filed a writ petition in the Delhi High Court challenging the government’s decision to allow diversion of coal from the captive coal mines of the Sasan ultra mega power project (UMPP) to other power projects. An empowered group of ministers (eGoM) had allowed Reliance Infrastructure L...

Reliance, Lanco, NTPC shortlisted for Tilaiya UMPP in Jharkhand

  Reliance, Lanco, NTPC shortlisted for Tilaiya UMPP in JharkhandFour companies, including India’s largest private sector electricity generator Tata Power and infrastructure major Larsen & Toubro Ltd, chose not to bid for the Rs 16,000-crore ultra mega power project (UMPP) in Tilaiya in Jharkhand even as Reliance Power, Lanco Infratech and NTPC Ltd, the country’s...

Supreme Court allows proceedings against Reliance discoms in Orissa

Supreme Court allows proceedings against Reliance discoms in OrissaThe Supreme Court has asked the Orissa Electricity Regulatory Commission to initiate fresh proceedings against three Reliance Energy-controlled power distribution companies, which had failed to repay their creditors.A bench headed by Justice B N Agarwal, while allowing the appeal, partially set asid...

UP Power employees to go on indefinite strike from January 8

UP Power employees to go on indefinite strike from January 8

Around 45,000 power employees and engineers have resorted to work boycott since January 1 to press for their demand regarding wage revision in consonance with the Sixth pay commission. With UP government deploying heavy force at all the power sub-stations in the state to maintain law and order in th...

Non-honouring of bonds-Punjab & Sind Bank files case against MPSEB

Non-honouring of bonds-Punjab & Sind Bank files case against MPSEB

Government-owned Punjab & Sind Bank has filed a court case against the Madhya Pradesh government and its electricity utility for non-payment of dues, even as the local government is planning to borrow Rs 750 crore from the bond market. The amount under dispute is about Rs 65 crore, which is the tota...

Coal supply to NTPC thermal power stations still pathetic

Coal supply to NTPC thermal power stations still pathetic

Coal shortage continues to haunt India's largest power producer NTPC, which is depending heavily on imports, though the company hopes that situation would start looking up three to four months. E-auction of coal is benefitting none core sector like cement and steel industries. Central Government is ...

JSPL will increase its captive generation to 1350MW

  JSPL will increase its captive generation to 1350MWSteel and power producer Jindal Steel and Power Ltd (JSPL) is investing about Rs 6,000 crore to set up 10 captive power units in its existing facilities in Chhattisgarh and Orissa to achieve energy security for its steel units."We will invest about Rs 6,000 crore for expanding our existing captive p...

CVC to change guidelines - NTPC may become successful bidder for UMPPs

 CVC to change guidelines - NTPC may become successful bidder for UMPPs Having lost out in tariff-based bidding for the first set of Ultra Mega Power Projects (UMPP), NTPC Ltd is getting its act together for future projects. The country’s largest power generator , which was out-bid by a big margin by private competitors in the bids for the first lot of UMPPs, is conside...
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