Power & Energy News Monthly Archive June 2017

JUN 29 2017

MERC allows GEPLs petition regarding PPA approval and adoption of tariff

  • IEE Regulatory Compendium Distribution
  • Created:Thu 29th JUN 2017

  The Maharashtra Electricity Regulatory Commission (MERC) has allowed Gigaplex Estate Private Limited’s (GEPL) petition seeking the approval of a power purchase agreement ...

JUN 29 2017

Oil block licensing: Open acreage replaces NELP as new policy regime

  • Jyoti Mukul, Business Standard / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  The government on Wednesday replaced the New Exploration and Licensing Policy with the Open Acreage Licensing (OAL) under the framework of Hydrocarbon Exploration and Licensing ...

JUN 29 2017

RIL refinances $2.3 bn loans to cut interest cost

  • PTI, The Hindu Business Line / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

   Reliance Industries refinanced $2.3 billion of syndicate and club loans resulting in substantial interest savings, the company Chairman Mukesh Ambani has said. The ...

JUN 29 2017

Oil Ministry aiming at awarding oil, gas blocks under HELP by December

  • Bilal Abdi, ETEnergyWorld / Mumbai, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  Petroleum ministerDharmendraPradhan on Wednesday said the oil ministry is looking at awarding oil blocks under the revamped Hydrocarbon Exploration Licensing Policy (HELP) by ...

JUN 29 2017

Coal projects provide growth scope for mine developers: India Ratings

  • PTI, The Financial Express / Mumbai, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  With the central and state utilities expected to invite bids for coal mining in the near future, domestic mine developer and operators (MDOs) with a good track record will have big ...

JUN 29 2017

India should revisit lofty coal output targets as demand weak - NITI Aayog

  • Reuters, ETEnergyWorld / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  India should rein in its lofty coal output target as power demand is growing at a slower pace than expected, a government policy think-tank said, even as state monopoly Coal India ...

JUN 29 2017

Discoms sitting on Rs. 2,000-cr dues to wind energy players

  • Twesh Mishra, The Hindu Business Line / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  With payments of over Rs. 2,000 crore stuck with various State distribution utilities, players in the wind energy segment are knocking on the doors of Piyush Goyal, Minister of ...

JUN 29 2017

Assess demand first to make CIL's $1 billion investment plan work: NITI Aayog

  • PTI, ETEnergyWorld / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  A careful assessment of coal demand for power sector is needed so that the over USD 1 billion annual investment plan by CIL for raising its production capacity to 1 billion tonne is ...

JUN 29 2017

GE Energy Financial Services to invest $90 million in RattanIndias solar power assets

  • Utpal Bhaskar, Live Mint / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  Attracted by India’s growing clean energy play, GE Energy Financial Services (GEEFS) is expanding its Indian renewable energy portfolio and plans to invest ...

JUN 29 2017

Hydropower projects with 13,363 MW capacity register cost overruns worth over Rs. 52,000 crore, says study

  • ANI, ETEnergyWorld / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  Several hydropower projects with a cumulative capacity of about 13,363 megawatt (MW) are stranded at various stages of project development, resulting in significant time and cost ...

JUN 29 2017

Goyal expressed concerns over 10,000 MW of solar modules capacity going a-begging as the state

  • Anupam Chatterjee, The Financial Express / 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  Piqued by the “complacency” and lack of boldness of the state-level electricity regulators that stymie the UDAY scheme, grid efficiency and assorted other reforms meant ...

JUN 29 2017

Power demand soars as mercury rises in Delhi

  • PTI, ETEnergyWorld / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  Peak power demand in the city soared to a record 6,227 MW today as Delhiites reeled under sweltering heat. The peak demand of 6,227 MW was reached at 3.03 pm as the hot and ...

JUN 29 2017

Mangaluru: Activists want govt to revise hydel policy

  • Deepthi Sanjeev, ETEnergyWorld / Mangaluru, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  The fragile Western Ghats is facing all kinds of threats, and the hydel projects are only adding to its cup of woes. Environmentalists have urged the Ministry of New and Renewable ...

JUN 29 2017

Kudankulam nuclear plant II restarts power generation

  • IANS, ETEnergyWorld / Chennai, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  The second 1,000 MW atomic power unit at the Kudankulam Nuclear Power Project (KNPP) restarted generation on Wednesday morning, said an official of the Nuclear Power Corp of India ...

JUN 29 2017

Power output up, low coal stock an issue: India Ratings

  • PTI, ETEnergyWorld / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

   Power demand and generation has improved in May, but declining coal stock may lead to power shortage, India Ratings said in a report. "Power demand in May 2017 ...

JUN 29 2017

Rooftop solar to become norm by 2040: NitiAayog

  • PTI, ETEnergyWorld / 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  Rooftop solar to become norm by 2040: NitiAayogNEW DELHI: Rooftop solar set-ups would become the norm in the country by 2040, according to government think-tank NitiAayog's draft ...

JUN 29 2017

Solar energy firms accuse NTPC of delaying CoD issue

  • PTI, ETEnergyWorld / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  The National Solar Energy Federation of India (NSEFI) has alleged that state-run power giant NTPC and its trading arm NVVN are delaying issue of commercial operation date (CoD) ...

JUN 29 2017

Power demand to soar about 3 times by 2040: NitiAayog

  • PTI, ETEnergyWorld / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  India's energy demand is likely to soar around three times by 2040, leading to increase in overall primary energy imports, says NitiAayog's draft National Energy Policy. The ...

JUN 29 2017

Power discoms subsidy dependence to rise to Rs 81,000 crore current fiscal: ICRA

  • Anisha Dutta, ETEnergyWorld / New Delhi, 29th June 2017 Published on : 29th June 2017
  • Created:Thu 29th JUN 2017

  The overall subsidy dependence of state-owned power distribution utilities (discoms) for the current financial year (2017-18) is estimated at Rs 81,000 crore, an increase of around ...

JUN 28 2017

Natural gas may be included in GST, to benefit ONGC

  • PTI, ETEnergyWorld / New Delhi, 28th June 2017 Published on : 28th June 2017
  • Created:Wed 28th JUN 2017

  The GST Council may decide to include natural gas in the Goods and Services Tax (GST) regime as a measure to provide some relief to the oil and gas sector. Currently, crude ...