NEW DELHI: Power companies will mandatorily have to snap supplies to state electricity distribution companies that fail to open or maintain bank guarantees with effect from August 1, the Centre said in on order on Wednesday.Financially weaker distribution companies can open letters of credit for even one day, one week or a fortnight of electricity supply and keep renewing them, said the order issued by the power ministry.
In 2018, ONGC bought government's entire 51.11% stake in HPCL for Rs 36,915 crore.
Kolkata | Mumbai: JSW Steel has sought immunity from future litigations against Bhushan Power & Steel for any illegal activity under the previous management amid reports of alleged bank fraud by former promoters of the troubled company undergoing debt resolution process.“We have represented to NCLT after PNB and other cases,” a top JSW official told ET on Tuesday.
The modus operandi of the fund diversion was similar to the one used by Bhushan Steel Ltd, which once belonged to the Brij Bhushan Singal group.In addition, the CBI uncovered discrepancies between the books of BPSL and the shell companies.
The plant will be set up on the raw water reservoir of NTPC's Simhadri Thermal Power Plant.The plant will be set up on the raw water reservoir of NTPC's Simhadri Thermal Power Plant, BHEL said in a statement.
After signing the ICA, the firm has got 180 days for implementation of the debt resolution plan under the existing legal framework.NEW DELHI, Jul 12: Reliance Power (RPower) said the company and its arm have inked an inter-creditor agreement (ICA) with all of their lenders and both firms achieved standstill for 180 days.
The Jagan Mohan Reddy government had decided to cancel the PPAs and ordered that tariffs be renegotiated as it said the tariffs fixed in Andhra during the regime of N Chandrababu Naidu were higher.07 PM ISTBCCLAndhra Pradesh Chief Minister YS Jagan Mohan ReddyHyderabad: Reacting to Andhra Pradesh Chief Minister YS Jagan Mohan Reddy’s decision to cancel power purchase agreements in renewable energy sector and renegotiate tariffs, Union renewable energy minister RK Singh has warned this would impact foreign investment flows into the sector.
The companies will instead contract long-term renewable energy through tariff-based competitive bidding to fulfil their renewable purchase obligations.32 AM ISTAgenciesBoth discoms and generators do not want to get into longterm PPAs of 25 years in any case,” said a senior private power firm executive, who did not wish to be identified.
33 PM ISTBCCLReacting to the debt recast news, shares of Reliance Power rose 5.20 on Bombay Stock Exchange on Thursday at 16:12 IST.
James Chavez, President and Chief Executive Officer, South Carolina Power TeamJC: South Carolina came out of the recession as a major player in economic development.In 2014, the SC Power Team Board adopted an aggressive strategic blueprint for growth that provided resources in the areas of: competitive utility rates, flexible incentives and site development.
KOLKATA: State governments have asked the Centre for money for equipment to help power plants meet new emission norms.At a meeting with the Union power minister, representatives of states said that old plants need to upgrade or shut down.
Total supply offer, however, continued to remain less than purchase bids during the slot although the gap has reduced considerably.Total supply offer, however, continued to remain less than purchase bids during the slot although the gap has reduced considerably.
Group captive power plants based on coal, solar and wind are operational in large numbers in the states of Karnataka, Haryana, Rajasthan, Maharashtra and Tamil Nadu.The ministry had, last year, proposed getting rid of loopholes in norms relating to captive and group captive generating power plants following complaints against dummy projects being created to avoid surcharges.
NEW DELHI: The government plans major reforms in the power sector, including revival schemes for state distribution companies and fuel-starved power plants that depend on natural gas.A package of structural and tariff reforms is also expected.
15 core has been reported by the bank to RBI, Punjab National Bank said.55 PM ISTAgenciesPNB said its domestic exposure to Bhushan Power & Steel Ltd (BPSL) stood at Rs 3,191.
ImageThe chimneys of the power plant in Bishkek, Kyrgyzstan, that broke down not long after an overhaul last year, leaving much of the city without heat or electricity in subzero weather.ImageFormer Prime Minister Sapar Isakov of Kyrgyzstan, rear center, and other former officials accused of corruption relating to the power plant contract awarded to the Chinese company TBEA.
Bankers to the project had opted for change in management of the stressed plant held by GMR Generation Assets Ltd, a wholly owned subsidiary of GMR Infrastructure, an official statement said.(Representative Image)NEW DELHI: GMR Infrastructure Ltd on Thursday announced signing of agreement with Adani Power Ltd for sale of entire stake of 47.
44 PM ISTReutersRepresentative ImageKOLKATA: Power prices at the Indian Energy Exchange increased between 12.39% during the night peak period (8 pm-12 midnight) on Wednesday as supply offers fell short of increased demand.
Regulation 30 (Disclosure Of Events Or Information) - Securities And Exchange Board Of India (Listing Obligations And Di.Clarification sought from Adani Power Ltd| Announcement30 May,2019, 11:29AM ISTAdani Power Ltd.
09 million units while on offer was about 9.7 million units.