CERC order to lead to higher tariff for RPower’s Sasan power project

sasanCentral Electricity Regulatory Commission (CERC) has approved change in law that will increase its realization as part of an operations petition filed by Sasan Power Limited, Reliance Power said.

There will be an effective tariff increase of 9 paise per unit, or 7%, the company said.

A one-time compensation of Rs 271 Crore was also granted by regulatory commission till 31 July 2015, the company said.

“The order allows it to claim increase in electricity duty rate and energy development cess on sale of power to the State of Madhya Pradesh and on auxiliary power consumption, it said.

“CERC’s order clearly establishes the principles of Change in Law in line with the terms of the Power Purchase Agreement between Sasan Power Limited and Procurers, which will also ease pass-through of future Change in Law impacts on Sasan UMPP.”

Mechanism for future payments towards change in Electricity Duty Rate and Energy Development Cess has also been approved by the regulatory commission in its order, which provides compensation of over Rs 300 Crore per annum, at full capacity, over 25 years PPA term resulting in effective tariff increase of about 9 paise per unit (7% increase).

The Sasan Ultra Mega Power Project, implemented in Singrauli District of Madhya Pradesh, is the only 4,000 MW plant operating at over 100% PLF in India.



Govt of India starts crack down on low-quality medicine makers The government of India has started conducting inspections at drug manufacturing units across the country to prevent the production of low-quality drugs and medicines in India.Typically, inspections are conducted by state authorities, while central agencies largely confine themselves to checking quality of final products put up on store shelves.H...
Delhi Pollution Control Board extends shutdown of NTPC Badarpur plant till January NTPC Ltd said the Delhi Pollution Control Committee has given directions to keep all its units in Badarpur Thermal Power Station closed till January 31, 2017.The reason for the committees direction has not been disclosed by NTPC. However, the reason is likely to be concerns around poor air quality in Delhi.The plant was first shut down earlier this y...
Reliance Jio interconnect dispute with Airtel, Idea to end this month The dispute over providing interconnection facility is set to end in the next two weeks, with Bharti Airtel, Idea Cellular and Vodafone giving in to the demands of new operator Reliance Jio and the regulator.The decision to comply comes in the wake of a recommendation for a fine of Rs 3,050 cr to be imposed on the three companies for what it said amounte...
ABB creates record with 1.2 mln volt transformer for new India grid Power generator ABB said it developed, manufactured and energized a 1.2 mln volts ultra high voltage power transformer to support India’s plans to build a 1,200 kV transmission system.The new grid will supplement the existing 400 kV and 800 kV networks as demand for electricity increases."The 1.2 million volt transformer represents the highest alte...
NHPC extends power purchase for 35 years Hydro power company NHPC Ltd said the power purchase agreements for its two power stations, Teesta-V power station and Rangit power station has been extended for another 35 years.Teesta-V has power generating capacity of 510 MW, while Rangit station has a capacity of 60 MW.The agreement extension is from the date of commercial operation of last unit ...
Heritage Foods commissions second wind power project with Suzlon in Andhra Heritage foods Ltd, one of the largest private sector dairy enterprises in Southern India, said it has finished the commissioning of the 2nd wind power plant at Vajrakarur of Ananthapur District in Andhra Pradesh.The wind power plant has a 2.1 MW capacity and is expected to generate 5 million units per year. At Rs 7 per unit, that is worth about Rs 3.5 c...
Sharon Bio Medicines receives FDA approval for Tajola API plant Indian Pharmaceutical company Sharon bio medicine Ltd said it received the Establishment Inspection Report (EIR) from United States Food and Drug Amnistration for its manufacturing plant located at Tajola in Raigad Dist., Maharashtra.The plant, which will make Active Pharmaceutical Ingredients is now approved by the USFDA and the generic drug user fee is...
India Power Corporation enter into joint venture with German based Uniper India Power Corporation Limited (IPCL), a power generation company, has entered into a 50:50 joint venture service company- "India Uniper Power Services" with German based Uniper, said t he company.The new JV will offer services like flexible and customised plant operations and maintenance, asset monitoring software and analytical tools, flexibilisation ...
NTPC’s Koldam power project on Sutlej sets power production record NTPC, a power generation company, said its first hydro power project, the 800 MW Koldam Hydro Project in Himachal Pradesh, achieved more than its targeted power generation levels.The project, built on river Sutlej, began commercial operation in July last year.In the financial year 2015-16 it generated 1794.71 million units of electricity and in J...
USFDA issues establishment inspection report for NATCO Pharma’s Chennai plant NATCO pharma, a Hyderabad based pharmaceutical company, said it received establishment inspection report (EIR) from the U.S. Food and Drug Administration (FDA) for the inspection conducted during the period February 8 – February 12 at its Chemical Division in Chennai.Earlier in mid-August, US FDA had issued an establishment inspection report to Natco Pha...
NTPC raises Rs 800 cr non convertible debentures  NTPC announce today said that it has raised Rs 800 crore as through private placement of secured non-convertible debentures at a rate of 7.58% per annum.The debentures will have a maturity period os 10 years added the company.The fund will be utilized to finance capital expenditure and refinancing the debt requirements in the ongoing projec...
NTPC operating profit soars 62.6%, higher tax expense hits profit India's largest power generation company NTPC reported a surge in its operating profit by 62.6% to Rs 3,815 crore to Rs 2345 crore due to increase in revenue and relatively slower increase in its expenses for the first quarter.However, the impact of higher taxes hit the net profit.Profit grew by 4.3% to Rs 2,340 crores from Rs 2,243 crores whereas re...
Tata Power South African JV starts operations at 95 MW wind farm Tata Power's South African joint venture Cennergi started commercial operations at its 95 MW Wind farm project in South Africa's Tsitsikamma Community.The wind farm comprises of 31 V-112 3.075 MW Vestas, high-wind turbine with very high capacity factor.As the preferred bidder, Cennergi was selected for two wind projects under the second window of the...
Power ministry hastens rural electrification plans after Modi’s I-Day speech Following Narendra Modi's Independence day speech Power ministry has decided to electrify remaining  7,876 un-electrified villages before 1st May 2018.The project, which was taken on mission mode last year, will now see squeezing the implementation schedule to 12 months and also dividing village electrification process into 12 stages, with defined ti...
BHEL bags order for 30 MW solar plants from West Bengal Bharat Heavy Electricals Ltd announced that it secured an order for setting up 30 MW (3x10 MW) of Solar Photovoltaic Power Plants on engineering, procurement and construction basis from West Bengal State Electricity Distribution Corporation.The order is valued at Rs 169 crores.The SPV plants of 10 MW each are to be set up at Mejia in Bankura dis...