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 of units, lifecycle extension, […]
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 […]
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 […]
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 […]
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 Renewable […]
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 time lines for monitoring. Modi on […]
Bharat Heavy Electricals Ltd announced that it secured an order for setting up 30 MW (3×10 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 […]
The cost of production of electricity fell to Rs 3.04 per kWh during the period from April to June 2016 from Rs 3.19 during the same period last year, the government said. This is mainly on account of rationalization of freight charges for domestic coal and reduction of imports, the government said in a statement. The […]
India is set to nearly double its solar power generation capacity in the ongoing financial year and comfortably exceed its target of adding 1.8 GW of extra capacity during the year. According to numbers obtained from various government sources, the country is all set to end the current financial year with a total solar power generation capacity of about […]
Bharat Heavy Electricals Limited said it won an order worth around Rs 3,500 for the supply of two 800 MW boilers with supercritical parameters for Telangana Super Thermal Power Project (TnSTPP). The project is located within NTPC’s existing Ramagundam Power Station in Karimnagar district of Telangana. “The power generated from this plant will contribute substantially […]
Bharat Heavy Electricals Limited (BHEL) commissioned a 520 MW coal-based thermal generating unit at the 2×520 MW Vizag Thermal Power Project of Hinduja National Power Company Limited (HNPCL), Visakhapatnam. BHEL has already commissioned 5,010 MW of power plants in the utility sector during the financial year 2015-16 and is on track to achieve the target […]
Central 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 […]
The Indian Cabinet has approved a proposal by Germany — one of the pioneers in developing solar power in the world — to provide concessional loans of around 1 bln euro to develop the renewable energy source in the country. India has an ambitious, almost impossible, target of achieving 175 gigawatt of renewable energy capacity […]
CRISIL today said 46,000 mw of power projects are facing viability issues due to lack of long-term buyers for electricity, inadequate fuel supply, and aggressive bidding to win projects and coal blocks. This has put at risk Rs 75,000 cr of loans used to finance these projects, the firm added. Of this, 36,000 mw are […]
RattanIndia Apna Solar, a venture of Indiabulls-co-founder Rajiv Rattan, has won a contract to place solar panels on 75 public buildings in cities of Bhopal, Indore and Jabalpur in Madhya Pradesh as part of the Madhya Pradesh government’s efforts to increase renewable power generation. The contract was awarded by Madhya Pradesh Madhya Kshetra Vidyut Vitran […]
Rolta Power Pvt. Ltd. and China-based Zhenfa New Energy Science and Technology Co. Ltd. has signed an agreement to build solar parks in India, targeting a capacity of 2 GigaWatt by 2020. “As per the MoU, the partnership enables us to share our revenue with Zhenfa, a win-win scenario for both the companies,” said, Dr. […]
GVK Power & Infrastructure Ltd said it has sold its 217 MW (Phase 1) Power Plant situated at Jegurupadu Village, in Rajahmundry in Andhra Pradesh to AP Transco, the Andhra Pradesh power transportation utility, as per an agreement. “GVK Industries Ltd has received a notice from the AP Transco stating that they have exercised their […]
Adani group has signed an agreement with the government of Rajasthan to set up a 10,000 MW solar park, which will emerge as the largest such integrated facility in India, a statement on behalf of the group said. The JV will be known as Adani Renewable Energy Park Rajasthan Ltd, will have a 50-50 equity […]
Bharat Heavy Electricals Limited (BHEL) has achieved one more milestone by successfully commissioning another 270 MW coal based thermal power plant in Maharashtra. The unit was commissioned at RattanIndia Power Limited’s (formerly Indiabulls Power Ltd) upcoming thermal power project located at village Nandgaonpeth in Amravati district of Maharashtra. This is the third 270 MW unit […]
The deallocation of coal blocks by the Supreme Court will hit metal players harder than most power players, Crisil Research said in a report. Power costs in West Bengal and Punjab could rise, it added. It said power generation companies will be able to pass through increased costs, but not metal companies. Coal is used […]
