Power plant companies quote higher tariff in the latest round of auctions

The high bids took the sector by surprise as it expected a lower tariff following changes in auction rules by the Centre, heeding to the demands of power companies.Fifteen power plants of companies like JSW Energy, Jaiprakash Associates, Jindal Power, Sembcorp Gayatri and Essar Power bid for securing the threeyear power purchase agreements (PPAs) with states.

CenterPoint Energy Hires Georgia Power Finance Chief


Energy delivery company

CenterPoint Energy
Inc.named Xia Liu, the finance chief of Georgia Power, to lead its finance team.

Adani Power: CERC approves fuel cost pass through for Adani Power's Mundra plant

The CERC has allowed Adani Power's Gujarat plant to pass through imported coal cost to power consumers.36 PM ISTBCCLThe Supreme Court had asked CERC to give its findings on compensation for high fuel cost to Tata Power, Adani Power and Essar Power.

India's weak power demand points to more slowdown

By Rajesh Kumar Singh & Vrishti Beniwal
India is witnessing a listless growth in electricity demand, possibly signaling more slowdown in Asia’s third-largest economy.Data for power generation, a proxy for demand, showed the weakness continued into March.

Power Finance Corporation: Five power producers prepare to oppose insolvency proceedings

Five major stressed power producers are preparing to oppose insolvency proceedings on the grounds that lenders filed petitions against them as per a central bank circular on debt resolution that was recently quashed by the apex court, people familiar with the plans said.The five power projects of Lanco Amarkantak, Avantha Power, KSK Mahanadi, Rattan India Power (Amravati project) and Rattan India Nashik Power (formerly Indiabulls) account for over Rs 50,000 crore of unpaid dues.

wind power: 'India to add 10k MW wind energy capacity in 2021'

BILBAO: Siemens Gamesa Renewable Energy, the second biggest manufacturer of wind turbines in the world, expects India to add between 7,000 and 10,000 megawatt (MW) of wind energy capacity in 2021, its global chief executive said, despite a slump in projects over the last two years.Solar Energy Corporation of India (SECI) is the ministry of new and renewable energy’s nodal agency for conducting wind and solar auctions.

Top power companies bid for three-year PPA with states

Against 2,500 mw PPA bids in the pilot auction round last year, aggregate capacity of 1,900 mw was signed.NHPC India will sign three-year agreements for procurement of power with successful bidders and power supply agreement with state distribution companies.

Why Soft Power Is in Style in Qatar

Since June 2017, a land and sea blockade led by Saudi Arabia and the United Arab Emirates, and including Bahrain and Egypt, has cut the kingdom off from its neighbors.Overnight, planes and cargo ships were diverted, all diplomatic links were cut, and Qatar’s sole land border, a 40-mile stretch of desert with Saudi Arabia, was closed.

Nuclear power: Tata Projects bags USD 321 million order from NPCIL

The scope of work involves construction of main plant buildings and structures, among others.05 PM ISTBCCLNuclear power sector is a highly technology intensive industry wherein execution expertise is very essential.

SFIO arrests ex-chairman of IL&FS Hari Sankaran on grounds of abusing his power

MUMBAI: The Serious Fraud Investigation Office made its first big arrest in the Infrastructure Leasing & Financial Services (IL&FS) case by taking former vice chairman Hari Sankaran into custody.He has been arrested on the grounds of abusing his powers in IL&FS Financial Services Ltd (IFIN),” SFIO said in a press release on Monday.

Tata Power, Indraprastha Gas ink pact for rooftop solar projects

28 PM ISTIndiatimes"We are happy to announce our partnership with IGL.While Tata Power is India's largest integrated power utility, IGL is country's largest CNG distribution company.

Shapoorji Pallonji Infra completes sale of solar power assets to Actis

Shapoorji Pallonji Infrastructure Capital Sunday said it has completed sale of 194 MW of operating solar portfolio to Sprng Energy, renewable energy arm of investment firm Actis."A year ago, we decided to divest a part of our operating portfolio in order to redeploy capital for the development of new solar projects.

kamal haasan: Lok Sabha polls 2019: Kamal Haasan's star power may not be enough to convince voters

If he doesn’t, you let me know,” Haasan said, winding up with the party motto “naalai namadhe” (tomorrow is ours).Nithya Bharathi, a party member, says she and her family used to be supporters of the Tamil Maanila Congress.

Care Ratings: Power generation to grow at 7% in FY19

8% vs a targeted 15% as envisaged under the UDAY scheme for Match 2019 is a concern.Care Ratings believe electricity generation in FY19 will grow between 6% and 7%.

MERC approves 700 MW PPA of Tata Power for five years

01 PM ISTAgenciesTata Power is India's largest integrated power company and, together with its subsidiaries and jointly controlled entities, has an installed capacity of 10,757 MW.The Maharashtra Electricity Regulatory Commission (MERC) has allowed distribution business of Tata Power to have a power purchase arrangement (PPA) with its generation arm for 700 MW to be supplied from its Trombay thermal and hydro plants for five years.

Unitech sells power transmission biz to Sterling and Wilson for Rs 100 cr

28 PM ISTBCCLThe Supreme Court had allowed Unitech to sell stake in its wholly owned subsidiary Unitech Power Transmission Ltd.NEW DELHI: Crisis-hit realty firm Unitech Ltd Tuesday said the company has sold its power transmission business to Sterling and Wilson for Rs 100 crore.

VC Daily: Pinterest Founders Gain Power | Gene Therapy Faces Manufacturing Squeeze

To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.More founders are using their leverage heading into a public offering.

Jindal Steel and Power Limited (JSPL) has re-started its 1.8 million tonne per annum (mtpa) Direct Reduced Iron (DRI) plant

24 PM ISTBCCLJSPL’s DRI Plant at Angul – one of the largest of its kind globally– is powered by the country's largest Coal Gasification Plant that converts high-ash coal to synthetic gas.Jindal Steel and Power Limited (JSPL) has re-started its 1.

Tata Power: Tata Power SED bags Rs 1,200 cr contract from defence ministry

35 PM ISTBCCL Tata Power Strategic Engineering Division (SED) has bagged a Rs 1,200 crore contract from the defence ministry for supply of ship-borne 3D Air Surveillance Radars.(Representative image)NEW DELHI: Tata Power Strategic Engineering Division (SED) has bagged a Rs 1,200 crore contract from the defence ministry for supply of ship-borne 3D Air Surveillance Radars.

Coal stock at power plants improve

KOLKATA: Coal stocks at power plants have improved considerably with the number of plants holding critical stocks is down to one from 33 in October.From the time when some plants ran out of fuel, the only one with critical stocks now is GMR’s Warora plant, which has enough coal to run for four days.