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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

PFC sanctions Rs 5500 crore loan for Uppur power project

PFC sanctions Rs 5500 crore loan for Uppur power project

Power Finance Corporation (PFC) has sanctioned Rs 5,474 crore as term loan to Tamil Nadu Generation and Distribution Company (Tangedco) for setting up two thermal power units of 800MW each at Uppur in Ramanathapuram district.

A formal agreement between Tangedco and PFC was signed in New Delhi a few days ago. Tangedco chairman M Saikumar and PFC chairman Rajeev Sharma signed the agreement. PFC has sanctioned a total of Rs 9,128 crore towards Uppur and upgrading Sholayar Power House-1 from 35MW to 42MW , said a senior Tangedco official.

 

Tata Power agreeable to breakeven tariff for Mundra project

Tata Power agreeable to breakeven tariff for Mundra project

"Absolutely. No issues." This was Tata Power Ltd MD and CEO Anil Sardana's response when asked if the company is willing to settle for a tariff for the 4,000 MW Mundra project that will just cover costs and leave the company with no profits.

The Supreme Court is scheduled to hear next week the issue ...

New neuclear power plants are no longer financially viable

New neuclear power plants are no longer financially viable

Nuclear energy may end up fatally contaminating the Japanese technology giant Toshiba. On 14 March 2017, Japanese stock exchanges designated Toshiba shares 'Securities under Supervision' for inappropriate accounting in the past. The 'inappropriate accounting' refers to the 713 billion Yen ($6.2 bill...

Tamil Nadu wants Rs 17,000 crore for power upgrade

Tamil Nadu wants Rs 17,000 crore for power upgrade

Tamil Nadu Electricity Minister P Thangamani on 17-03-2017 urged Union Power Minister Piyush Goyal to release Rs 17,000 crores to enhance power infrastructure in the cyclone-prone state. "Either as grant or as soft loan, Rs 17,000 crores have been sought for taking up works such as conversion of 230...

Delhi faces power threat as NTPC threatens to cut supply to BSES over non-payment

Delhi faces power threat as NTPC threatens to cut supply to BSES over non-payment

State-owned power generation company NTPC Ltd has threatened to suspend supply of electricity to the Anil Ambani -run Delhi discoms if they fail to clear dues of Rs 239 crore. The Reliance Group owns two power distribution companies in Delhi — BSES Rajdhani Power Ltd and BSES Yamuna Power Ltd.

NTPC s...

Bhel's first 800 MW supercritical plant operational

Bhel's first 800 MW supercritical plant operational

Power equipment maker Bhel today commenced commercial operations of its first 800 MW unit, supercritical thermal plant. It also marks Bhel's foray as a developer into the field of power generation. Karnataka Power Corporation Ltd (KPCL) and Bhel are the main equity partners of RPCL, the owner and op...

Cash crunch hits BEST, staff not paid salary for February

Cash crunch hits BEST, staff not paid salary for February

It is mid-March and over 44,000 employees of the Brihanmumbai Electric Supply and Transport Undertaking are yet to receive their salary for the month of February. While the BEST has been running at a loss for quite some time, things have come to such a stage that the administration is unable to disb...

With CAG audit lost in trial, now DERC will audit DISCOMs

With CAG audit lost in trial, now DERC will audit DISCOMs

To fix accountability on power distribution companies, the Delhi Electricity Regulatory Commission (DERC) will conduct a complete audit of their physical assets and distribution system in the capital.

The move assumes significance as the CAG audit on discoms sought by the Aam Aadmi party government c...

NTPC eyes entry in India’s electric vehicles segment

NTPC eyes entry in India’s electric vehicles segment

Enthused by India's electric vehicle (EV) market potential, state-owned energy company NTPC Ltd is exploring a new business around it. To start with, India's largest power generation utility is looking at setting up charging stations to help create the demand for electricity generated by its plants ...

Solar barriers in Delhi Metro to cut noise, generate power

Solar barriers in Delhi Metro to cut noise, generate power

In a first, the Delhi Metro is going to install solar sound barriers on its elevated corridors that not only would reduce noise but would also generate electricity.

To start with, the Delhi Metro Rail Corporation (DMRC) is planning to put solar sound barriers on the viaduct between its upcoming Okhla...

Delhi govt sets aside Rs 1,600 crore for power subsidy

Delhi govt sets aside Rs 1,600 crore for power subsidy

The Delhi government has set aside Rs 1,600 crore for its flagship subsidy scheme for power consumers. Deputy Chief Minister Manish Sisodia, presenting the budget for 2017-18 in the Delhi Assembly, proposed Rs 2,194 crore expenditure in the energy sector, including Rs 1,600 crore for subsidy to powe...

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