Power & Energy News Monthly Archive October 2018

OCT 31 2018

Lenders seek bids for Coastal Energen

  • FE Bureau , Financial Express / 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  Lenders to Coastal Energen, led by State Bank of India (SBI), on Tuesday sought bids for a 51% stake in the company for the second time in five months.   As of ...

OCT 31 2018

Thermal power plant addition seen slowing in FY19-23 on PPA scarcity

  • FE Bureau , Financial Express / 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  As much as 35 giga-watt (GW) of conventional power generation capacity is expected to be added between FY19-23 compared with 88 GW added over the past five fiscals, research firm ...

OCT 31 2018

Govt removes PPA hurdle to cut power purchase cost

  • FE Bureau , Financial Express / 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  The power ministry has allowed power generation firms to supply less expensive power from their preferred plants to distribution companies (discoms), even if power purchase ...

OCT 31 2018

NTPC may abandon two units if states renege on PPAs

  • Anupam Chatterjee , Financial Express / 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  NTPC may not go ahead with the construction of the upcoming 1,980-MW Nabinagar-2 and 1,600-MW Katwa thermal power generating units in Bihar and West Bengal, respectively, until it ...

OCT 31 2018

25% safeguard duty levied on import of solar cells

  • FE Bureau , Financial Express / 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  The government has imposed a 25% safeguard duty on import of solar cells, the basic ingredient needed to manufacture solar panels, for a year ending July 29, 2019. The duty would be ...

OCT 31 2018

JSW may convert Vijayanagar plant into a captive one

  • FE Bureau , Financial Express / 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  Sajjan Jindal-led JSW Energy may convert its 860-MW Vijayanagar power plant in Karnataka into a group captive unit over the next two-three years. The unit has for several months ...

OCT 31 2018

ACME Solar appoints Barclays, JPMorgan for private InvIT

  • Swaraj Singh Dhanjal , Live Mint /Mumbai, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  Renewable energy company ACME Solar Holdings Ltd has hired two investment banks as the company looks to start work on its proposed infrastructure investment trust (InvIT) amid a ...

OCT 31 2018

To Ladakh with love

  • Kamini Mehta , ETEnergyWorld /New Delhi, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  Chandigarh’s Paras Loomba launched a unique initiative in 2013 — to provide electrification via solar energy in remote Himalayan villages. Another city resident, Jaideep ...

OCT 31 2018

Subsidised solar pump scheme launched in Odisha

  • PTI , ETEnergyWorld /Bhubaneswar, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  Odisha Chief Minister Naveen Patnaik on Tuesday launched the Soura Jalanidhi scheme that aims to increase use of solar energy for helping farmers in irrigating their ...

OCT 31 2018

Bengaluru electricity consumers get a new platform for bill payment

  • Akshatha M , ETEnergyWorld /Bengaluru, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  The National Payments Corporation of India (NPCI) has on-boarded Banglore Electricity Supply Company (BESCOM) and Banglore Water Supply and Sewerage Board (BWSSB) to launch Bharat ...

OCT 31 2018

Thermal power capacity addition to dip: CRISIL

  • Debjoy Sengupta , ETEnergyWorld /New Delhi, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  Rating agency CRISIL believes that thermal power capacity additions may halve over the next five years on truant power purchase agreements, erratic coal supplies and rise in ...

OCT 31 2018

Goa: Public hearing of power departments business plan today

  • TNN , ETEnergyWorld /Margao, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  The Joint Electricity Regulatory Commission (JERC) will hold a public hearing to approve the state electricity department’s draft business plan for a multi-year tariff control ...

OCT 31 2018

Coal block winners can sell excess output to Coal India at 15% discount

  • Debjoy Sengupta , ETEnergyWorld /Kolkata, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  Successful bidders in the current round of coal block auction will be allowed to sell their production beyond 100% of their planned capacity to Coal India at a 15% discount on the ...

OCT 31 2018

Govt to sell 3 per cent stake in Coal India, floor price at Rs 266 a share

  • PTI , ETEnergyWorld /New Delhi, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  The government will Wednesday sell 3 per cent stake in Coal India for Rs 266 a share through OFS route, which may fetch the exchequer Rs 5,000 crore, according to sources. The ...

OCT 31 2018

Domestic coal cannot keep up with demand: ICRA

  • Debjoy Sengupta , ETEnergyWorld /Kolkata, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  Domestic coal supply remains significantly short of the domestic demand, on the back of a strong recovery in power demand, lower hydropower generation in the current fiscal, as well ...

OCT 31 2018

Coal fetches 102% premium in e-auction, surpassing the earlier highest of 95%

  • Indronil Roychowdhury , Financial Express / 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  Coal prices have received a premium of 102% in spot e-auction during September 2018, surpassing the earlier highest of 95% premium during the spot e-auction in October ...

OCT 31 2018

SC pet coke verdict may hit aluminium sector investment: Report

  • PTI , ETEnergyWorld /Mumbai, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  The Supreme Court's decision to lift the blanket ban on the import of pet coke and allow a capped quantity of import may create an uncertainty on the expansion of aluminium capacity ...

OCT 31 2018

BPCL to shut crude unit at Kochi refinery for 3 weeks from December 1

  • Reuters , ETEnergyWorld /New Delhi, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  India's state-run Bharat Petroleum Corp will shut a 120,000 barrels per day (bpd) crude unit and some secondary units at its Kochi refinery for about three weeks from early December ...

OCT 31 2018

Bengaluru: Gas leaks as metro corridor work damages Gail pipeline

  • ET Bureau , ETEnergyWorld /Bengaluru, 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  An underground gas pipeline was damaged when metro construction workers were drilling the ITPL main road and this led to panic and disruption of traffic early on Monday ...

OCT 31 2018

ISRO shortlists 15 firms for transfer of EV battery tech

  • M Sarita Varma , Financial Express / 31th October 2018 Published on : 31th October 2018
  • Created:Wed 31st OCT 2018

  Isro has shortlisted 15 firms to transfer the manufacturing technology of lithium-ion (Li ion) batteries for electric vehicles (EV). This move could make EVs cheaper, since imported ...