Power & Energy News Monthly Archive May 2018

MAY 30 2018

IL&FS;, SB Energy in JV to set up solar parks

  • Swaraj Singh Dhanjal, Live Mint / Mumbai, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  IL&FS Energy, a subsidiary of Infrastructure Leasing & Financial Services Ltd (IL&FS) Group has partnered with SoftBank-owned SB Energy to jointly develop grid-connected ...

MAY 30 2018

Power Ministry launches web portal Praapti to track discom payment dues

  • Our Bureau, The Hindu Business Line / New Delhi, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  In a bid to rein in errant distribution companies (discoms) that delay payments to power generation companies, the Power Ministry has launched the Praapti web ...

MAY 30 2018

REC India plans to tap overseas markets

  • Twesh Mishra, The Hindu Business Line / New Delhi, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  After successfully electrifying rural India, the Rural Electrification Corporation (REC) has decided to spread its wings to wider geographies and even tap overseas business ...

MAY 30 2018

Power Supply restored to half of Uttar Pradesh

  • PTI, The Hindu Business Line / Lucknow, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  The power supply, which was severely disrupted due to the failure of the northern grid, has been restored in almost half of Uttar Pradesh. “The power supply, which was ...

MAY 30 2018

Kalpataru Power sees 10-15% revenue growth in FY19

  • Ksenia Kondratieva, The Hindu Business Line / Mumbai, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  Engineering and EPC company Kalpataru Power Transmission (KPTL) is looking at 10-15 per cent growth in revenue in the current financial year as it expects public investments in ...

MAY 30 2018

More power to Modi! Indias power sector showed massive improvement in NDA-era; see chart

  • FE Online, The Financial Express / 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  The energy deficit in India’s power sector showed significant improvement in last four years, a report has shown. India’s energy deficit, which remained rangebound ...

MAY 30 2018

Gujarat invites tenders to buy 1,000 MW short-term power

  • FE Bureau, The Financial Express / New Delhi, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  Gujarat has invited new tenders for procuring 1,000 MW power on a short-term basis between August 1, 2018, and June 30, 2019 under the ‘flexible utilisation of coal’ ...

MAY 30 2018

Govt portal: Discoms owe Rs 26,232 crore to gencos

  • FE Online, The Financial Express / New Delhi, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  State-owned discoms owed Rs 26,232 crore to power gencos at the end of February as dues that remained unpaid for over 60 days. Of this, Rs 8,454 crore is pending to NTPC and Rs ...

MAY 30 2018

GVK Power eyes one-time settlement with lenders

  • FE Bureau, The Financial Express / Mumbai, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  GVK Power and Infrastructure is in talks with lenders to reach a one-time settlement (OTS) for two group companies —GVK Industries Ltd (GVKIL) and GVK Gautami Power Ltd ...

MAY 30 2018

Power min launches app for transparency in gencos dues from discoms

  • Sarita C Singh, ETEnergyWorld / New Delhi, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  The power ministry on Tuesday launched a web application aiming at bringing transparency in dues of power generators from power distribution companies. The Prapti App - ...

MAY 30 2018

Manipur deputy CM bats for solar power

  • TNN, ETEnergyWorld / Imphal, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  Manipur deputy chief minister Yumnam Joykumar Singh on Monday said use of renewable energy should be considered to meet energy requirements in the state. Speaking at the ...

MAY 30 2018

Bescom hopes to generate solar power to meet Bengaluru's rising demand

  • Bureau, ETEnergyWorld / Bengaluru, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  No amount of energy is sufficient for a burgeoning city like Bengaluru that guzzles more than 50 per cent of generated power in Karnataka. From facing worst power crisis in the ...

MAY 30 2018

Lack of land title means no payment for solar power producers

  • Kaavya Chandrasekaran, ETEnergyWorld / Bengaluru, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  Solar energy developers have protested to the ministry of new and renewable energy against the Karnataka government for delaying clearance of land acquisition and using that as a ...

MAY 30 2018

Railways rubbishes Kejriwal's claim, says adequate coal supply in Delhi

  • ANI, ETEnergyWorld / New Delhi, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  The Railways on Tuesday rubbished Delhi Chief Minister Arvind Kejriwal's claim that the power plants in the national capital were facing a shortage of coal. "Indian Railways ...

MAY 30 2018

Not even a day's coal stock in power plants: Kejriwal to PM Modi

  • IANS, ETEnergyWorld / New Delhi, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  The total coal available in four thermal power plants in NCR was less than the required amount for a day's power generation at full capacity, according to data made public on late ...

MAY 30 2018

Mahanadi Coalfields eyes NTPCs Odisha plant

  • ET Bureau, ETEnergyWorld / Kolkata, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  Coal India subsidiary Mahanadi Coalfields Ltd (MCL) is looking at a majority stake in the proposed Rs 13,000 crore 1,600 mw super critical power venture with NTPC in Odisha. The ...

MAY 30 2018

New Chairman says Coal India aims to be world's most-efficient coal miner

  • PTI, ETEnergyWorld / Kolkata, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  The world's largest miner, Coal India Ltd, now aspires to be the "most-efficient" coal producer, with an aim to bring down costs to a "bare minimum" level as the sector opens up for ...

MAY 30 2018

Coal India staff to get extra 7 per cent pay hike

  • Debjoy Sengupta, ETEnergyWorld / Kolkata, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  The management of Coal India Ltd (CIL) has decided to provide an additional 7 per cent salary on basic and dearness allowance that would replenish employees’ pension fund that ...

MAY 30 2018

Coal India profit declines 52% on rise in employee costs

  • Soumonty Kanungo, Live Mint / Kolkata, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  State-owned miner Coal India Ltd (CIL) on Tuesday said its net profit for the March quarter had slipped 52% to Rs1,295.34 crore from Rs2,718.80 crore a year ago on the back of a ...

MAY 30 2018

Petrol price cut after 16 days of hikes

  • PTI, The Hindu Business Line / New Delhi, 30th May 2018 Published on : 30th May 2018
  • Created:Wed 30th MAY 2018

  After 16 days of relentless price hikes, petrol price was today cut by about 60 paise a litre and diesel by 56 paise on the back of softening international oil rates and ...