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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

MP govt's decision to waive power dues will cost exchequer, discoms over Rs 5,100cr

MP govt's decision to waive power dues will cost exchequer, discoms over Rs 5,100cr

Madhya Pradesh Chief Mminister Shivraj Singh Chouhan has again announced to waive power dues of around 88 lakh families, reports The Times of India. This move comes ahead of the assembly polls, scheduled to be held later this year.

However, such a waiver will cost the exchequer over Rs 5,100 crore, of which the government will pay Rs 1,806 crore as subsidy to discoms; 50 percent of the bill, or Rs 1,806 crore, will be borne by discoms, which will also have to forgo the surcharge — close to Rs 1,500 crore — on defaults.

 

PFC looks beyond electricity sector, eyes farm, rail and smart cities

PFC looks beyond electricity sector, eyes farm, rail and smart cities

As its core business sector faces insolvency heat and with no new big projects in sight, Power Finance Corporation (PFC) is looking beyond the electricity sector.

The government-owned financier is looking to diversify its loan portfolio to fund irrigation schemes, railway electrification, the Smart C...

Coal India’s first thermal power plant to come up in Odisha

Coal India’s first thermal power plant to come up in Odisha

Coal India Ltd (CIL) will develop its first-ever thermal power plant in the country in Odisha, a top company official said. The project will be implemented through CIL’s subsidiary, Mahanadi Coalfields Ltd (MCL).

The power plant, which will have a capex of ₹13,000 crore and a capacity of 1,600 MW (2x...

NTPC’s new power plants may avoid bids to compete private firms

NTPC’s new power plants may avoid bids to compete private firms

NTPC's new power plants may not have to compete with private companies if the latest government proposal goes through. The draft tariff policy circulated by the government on Wednesday seeks to exempt power plants of all central public sector units or CPSUs from mandatory tariff-based competitive bi...

Power Finance Corporation Says Stressed Assets At 11% Of Loan Book

Power Finance Corporation Says Stressed Assets At 11% Of Loan Book

State-run Power Finance Corporation Ltd. said 11 percent of its total loan book is stressed, contributed entirely by private sector borrowers.

The private sector comprises 18 percent of the non-banking lender’s total loans worth Rs 2.79 lakh crore, according to a statement by the state-run company. “...

Power Minister RK Singh launches Web Portal and App called PRAAPTI

Power Minister RK Singh launches Web Portal and App called PRAAPTI

RK Singh, Minister of State for Power, on May 29, 2018 launched the web portal and an app namely PRAAPTI that stands for ‘Payment ratification and analysis in power procurement for bringing transparency in invoicing of generators’.

The portal ‘www.praapti.in’ has been launched for bringing transparen...

UP: Massive fire at Anpara Thermal Power Station in Sonbhadra, operations put on hold

UP: Massive fire at Anpara Thermal Power Station in Sonbhadra, operations put on hold

A massive fire broke out at the Anpara Thermal Power Station in Sonbhadra district of Uttar Pradesh late on Monday night. According to news agency ANI, the fire started at the switch yard at around 10:30 pm and engulfed the entire unit. Several fire tenders were rushed to the incident site and effor...

CERC proposes major change in tariff structure from FY19

CERC proposes major change in tariff structure from FY19

The Central Electricity Regulatory Commission (CERC), which determines tariffs for plants that sell power at ‘cost-plus’ systems, has proposed to introduce a ‘three-part tariff’ structure from the existing ‘two-part’ regime. The regulator has suggested the changes in the recently launched approach p...

India to become second largest electricity producer in Asia surpassing Japan

India to become second largest electricity producer in Asia surpassing Japan

As per new studies of BMI research, India is set to overtake Japan in the production of electricity in Asia having the second largest power capacity in 2018.

Electricity being the main engine of growth for the country, has been given at most priority in the present Narendra Modi government. The gover...

PM laid foundation stone for NTPC’s 2400 MW Patratu thermal power plant in Jharkhand

PM  laid foundation stone for NTPC’s 2400 MW Patratu thermal power plant in Jharkhand

Prime Minister Narendra Modi on May 25 laid the foundation stone of the first phase of 2,400 Megawatt (Mw) capacity of NTPC's Patratu Super Thermal Power Project in Ramgarh district, Jharkhand.

A senior NTPC executive said the first phase of the project will be set up at an estimated cost of around R...

World's first floating nuclear power plant drifts towards the Arctic

World's first floating nuclear power plant drifts towards the Arctic

Russia's state-run Atomic Energy Corporation, ROSATOM developed the 'Akademik Lomonosov' worlds first floating nuclear power plant (FNPP).

The FNPP was designed to make it possible to supply electricity to hard-to-reach areas, regardless of transport infrastructure, landscape, and cost of fuel delive...

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