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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

UP - Power employees charges state government for initiating the process of privatization

UP - Power employees charges state government for initiating the process of privatization

 Power employees charged the state government of initiating the process of privatization of power distribution companies (Discoms) from the back door.  The four Discoms, all wholly owned subsidiaries of UP Power corporation Limited (UPPCL), have also floated tenders for hiring Rs integrated service provider’ (ISP).

The employees alleged that the service provider would take over as much as 90 percent of the work presently done by engineers and employees of Discoms.

 

Punjab govt continues to default on payment for power subsidy

Punjab govt continues to default on payment for power subsidy

Free supply of electricity may be a boon for farmers and other sections, and a vote-getter for politicians, but it has become a financial bane for the Punjab State Power Corporation Limited (PSPCL) which is anyway short of money. The state’s Congress regime that took power in March last year has, in...

Govt offers 10% profit to power staff for privatization

Govt offers 10% profit to power staff for privatization

In a bid to take its defiant staff on board for the privatisation of some power distribution functions, the UP government has proposed sharing 10% of the profit earned so with them.
The move comes in the wake of power employees threatening to go on strike if the privatization is implemented.

Principal...

Budget 2018 impact: 10% surcharge on customs duty to pinch power sector

Budget 2018 impact: 10% surcharge on customs duty to pinch power sector

The 10 per cent surcharge on Customs duty for import of all items would hit the power sector. The equipment and generation industry is expecting an increase in cost across the value chain.

“Most of these items across the chain are governed by commodity pricing, which in the past few months has alread...

Union Budget 2018-19 Disappoints The Power Sector

Union Budget 2018-19 Disappoints The Power Sector

The Union Budget 2018-19 has been disappointing for the Indian power sector, said the All India Power Engineers Federation (AIPEF) on 1 February.

AIPEF chairman Shailendra Dubey said the government was talking about 500 lakh households getting power over a period of one year with the Saubhagya scheme...

Wind energy companies, Andhra discoms clash over discount

Wind energy companies, Andhra discoms clash over discount

Wind developers are up in arms against Andhra Pradesh discoms for insisting on an arbitrary discount, appropriating a specific benefit the Centre grants renewable energy developers, verbally harping on renegotiating power purchase agreements and threatening not to pay for any excess power provided a...

Leaving Electricity Out of GST Regime Costs Indians Nearly Rs 30,000 Crore a Year

Leaving Electricity Out of GST Regime Costs Indians Nearly Rs 30,000 Crore a Year

Indian consumers will end up shelling out nearly Rs 30,000 crore extra every year towards payment for power consumption unless electricity is brought under the Goods and Services Tax (GST) regime. The reason? Power producers cannot claim credit for taxes and cess paid on coal and coal transportation...

P K Pujari appointed as Central Electricity Regulatory Commission chairman

P K Pujari appointed as Central Electricity Regulatory Commission chairman

Former Union power secretary P K Pujari (1981 Gujarat cadre IAS), who retired in June last year, has been appointed as the chairman of the Central Electricity Regulatory Commission (CERC). Pujari now joins the bureaucrats from the state who have got key postretirement postings at the Centre. Before ...

Coal, renewable, spectrum auctions led to 'winners' curse: Economic Survey 2018

Coal, renewable, spectrum auctions led to 'winners' curse: Economic Survey 2018

The Economic Survey expressed concern over aggressive bidding by private companies for bagging licences for spectrum, coal mining and renewable energy projects.

"In the case of spectrum, coal and renewables, auctions may have led to a winner's curse, whereby firms overbid for assets, leading to adver...

Torrent, Greenko, Adani, Tata eye CESU Odisha sale

Torrent, Greenko, Adani, Tata eye CESU Odisha sale

At least four companies—Tata Power, Adani Group, Torrent Power and Greenko Group—have shown interest in acquiring Central Electricity Supply Utility of Odisha (CESU Odisha), according to two people aware of the development.

The electricity distribution privatization well affect supply electricity to ...

Construction of India’s first grid-scale electricity storage system started

Construction of India’s first grid-scale electricity storage system started

 AES India, a subsidiary of US-based AES Corporation, and Mitsubishi Corp today started construction on India's first utility-scale energy storage system, a 10 Megawatt (MW) facility that will serve the electric grid operated by Tata Power Delhi Distribution Ltd, the power distribution arm of T...

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