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Puducherry Home and Electricity Minister A Namassivayam on Wednesday allayed the fears of the elected members and also members of public that the government's decision to privatise power sector would hit employees and consumers in the Union Territory. Replying to the views expressed by the members during the debate on demands for grants to his departments including Electricity in territorial Assembly, the Minister denied rumours that the privatisation of power sector would affect the employees, consumers and the farmers here. He also said that there was "unfounded rumour" that the assets of the Department of Electricity were worth Rs 20,000 crore and that they would all be transferred to the private players once privatisation materalised. "The value of the assets is only Rs 1,030 crore and after depreciation it would come to Rs 551 crore," Namassivayam said. "No immovable properties would be handed to the private players. The land belonging to the government now used by the Departme
Increase in outstanding dues of the coal mining public sector undertakings impacts the working capital and cash flow position of coal companies
Expecting a surge in demand for coal by power plants during the summer, the railways increased its coal transportation by 11.92 per cent in terms of tonnage by the end of February, the national transporter said in a statement on Thursday. It also said keeping in view the rising demand in the next few years, comprehensive planning of an energy corridor has been done with planned investment of Rs 1 lakh crore for over around 100 projects. Loading of rakes for the power sector from various sources in the current fiscal -- from April till February -- is 408 rakes a day against 344 rakes a day in last year, an increase of 64 rakes a day, the railways said. In February, 426.3 rakes a day have been loaded for power houses against 399 rakes a day in February last year, an increase of 27.3 rakes, it said. In order to meet the projected demand for rakes by the power sector in the coming fiscal, the railways has taken various steps, including higher induction of coal carrying wagons. From ap
Though there are a few monitorables, rising consumption should drive up volumes, investment
Company's advanced products focussed on grid automation, stability and remote control are being deployed in Rajasthan, UP, J&K and Himachal Pradesh
The approval from the CERC, given to the country's largest spot power market, is for electricity derived from costlier sources of imported coal and gas, as well as battery storage
Power trading solution provider PTC India has posted 66 per cent rise in consolidated net profit at Rs 104.48 crore for December quarter 2022-23. In the year-ago period, the profit was Rs 62.91 crore, the company said in a BSE filing on Monday. Total income declined to Rs 3,146.91 crore in the quarter from Rs 3,338.40 crore in the same period a year ago.
Adani Power on Wednesday reported 96 per cent decline in consolidated net profit at Rs 8.77 crore for December quarter 2022-23 mainly on the back of higher expenses. In the year-ago period, the profit was Rs 218.49 crore, the company said in a BSE filing. Total expenses increased to Rs 8,078.31 crore in the quarter from Rs 5,389.24 crore. Total income rose to Rs 8,290.21 crore from Rs 5,593.58 crore in the same period a year ago. During the quarter, the company and its subsidiaries achieved an average Plant Load Factor (PLF or capacity utilisation) of 42.1 per cent and power sale volume of 11.8 Billion Units (BU), as compared to PLF of 41 per cent and power sale volume of 10.6 BU in Q3 FY22. Operating performance for Q3 FY23 includes the performance of the 1,200 MW power plant of Mahan Energen Ltd, which was acquired in March 2022. Operating performance during the quarter under review was constrained mainly due to high prices of imported coal and insufficient domestic fuel ...
Power Minister RK Singh on Thursday exuded confidence that there will be no disruption in electricity supply due to high demand during summer, and he will not hesitate to import coal and mandate thermal plants to run at full capacity for the purpose. The Indian power system has already met a record power demand of 211.6 GW in June 2022. During the current year 2023, the power demand is expected to be around 225 GW during summer, Singh said in a written reply to the Lok Sabha on Thursday. Asked about rising power demand, Singh told reporters in a press conference, "We are prepared. There is no question of being a disruption in supply if I need to import coal I will import it. If I need to blend, I will blend". He explained that blending (of imported coal) has been happening earlier and so he has no hesitation at all in blending. Singh assured that there is not going to be any shortage of coal. He stated that as far as section 11 is concerned if there is a need ...then I will do ...
India's power consumption logged a double-digit year-on-year growth of nearly 13 per cent to 126.16 billion units in January 2023, according to government data. The robust growth of power consumption indicates sustained momentum of economic activities in January. Experts earlier said the power consumption and demand would increase in January due to the use of heating appliances, especially in the northern parts of the country, and a further improvement in economic activities. In January 2022, power consumption stood at 111.80 billion units (BU), higher than the 109.76 BU in the same month of 2021, the data showed. Electricity consumption in January 2020 stood at 105.15 BU. The peak power demand met, which is the highest supply in a day, rose to 210.61 gigawatt (GW) in January 2023. The peak power supply stood at 192.18 GW in January 2022 and 189.39 GW in January 2021. The peak power demand met was 170.97 GW in the pre-pandemic January 2020.
India Grid Trust (IndiGrid) will acquire a 100 per equity stake in Khargone Transmission at an enterprise value of about Rs 1,497.5 crore. The acquisition will be for a cash consideration of an enterprise value not exceeding Rs 1,497. 5 crore, according to a BSE filing. IndiGrid signed a share purchase agreement on January 21, 2023, for the acquisition of a 100 per cent shareholding and economic interest, in one or more tranches, in Khargone Transmission Ltd from Sterlite Power Transmission Ltd (one of the Sponsor of IndiGrid), it stated. The completion of the acquisition would depend upon receipt of Unitholders'' consent, regulatory and other relevant approvals as well as completion of contractual obligations, it explained. The Khargone Transmission was incorporated on November 28, 2015. The transmission project was awarded by the Ministry of Power for a 35-year period from the scheduled commercial operation date, on a BOOM basis. The project has 6 elements. The project has one
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On the bourses, shares of Adani Power, Adani Transmission, CG Power, NHPC, NTPC, and Adani Green Energy have surged up to 61 per cent so far in FY23, ACE Equity data shows
Delhi's peak winter power demand rose to a record 5,526 MW on Friday as a numbing cold wave swept the national capital, officials said. An official of the BSES said its power distribution companies are geared to ensure adequate availability for its around 47 lakh consumers (around two crore residents) during the winter months. "According to data, Delhi's peak power demand on Friday clocked 5,526 MW at 10.58 am, highest-ever recorded in the national capital during winter months. This is the third day in a row that Delhi's peak power demand has crossed the 5,000 MW mark," the BSES official said. The power demand had peaked at 5,104 MW last year and 5,021 MW in 2020. The peak winter power demand in BRPL and BYPL areas had reached 2,140 MW and 1,122 MW, respectively, during the last winter. Delhi recorded a cold wave for a second day on the trot on Friday, with the minimum temperature at Ayanagar in southwest Delhi plunging to a numbing 1.8 degrees Celsius, according to the India ...
Unions of three state-owned power companies in Maharashtra have warned of a 72-hour strike from Wednesday to protest against privatisation of power companies, an official said on Tuesday. The strike has been called by Maharashtra Rajya Karmachari, Adhikari and Abhiyanta Sangharsh Samiti, an action committee of power company unions. "More than 30 unions of drivers, wiremen, engineers and other employees have come together to thwart the attempt of privatisation in the state-owned power companies," Krushan Bhoir, general secretary of Maharashtra State Electricity Workers' Federation told PTI. The Maharashtra State Electricity Distribution Co. Ltd (Mahavitaran), Maharashtra State Electricity Transmission Co Ltd (Mahapareshan) and Maharashtra State Electricity Generation Co Ltd (Mahanirmiti) are the state-owned power companies. Employees of these companies have been staging agitations since the last two to three weeks, while on Monday, 15,000 employees had staged a demonstration outside
CIL's coal supply to the power sector rose 11 per cent to 432.7 million tonne in the April-December period of current financial year. In the year-ago period, the supply was 390.2 MT. The supply to the non-power sector last month was 10.5 MT due to increased output. Coal India Ltd's output in April-December 2022-23 increased to 479 MT from 413.6 MT in the year-ago period. "To outdo the annual output target of 700 MT, CIL has to produce 221 MT in Q4 FY23 against 209 MT for comparable quarter last fiscal. Our production pace is already up and expected to rise higher. Another point in our favour is large quantities of over burden removal. We feel positive about scaling over the output target," the company said in a statement. The PSU excavated 1,154 million cubic metres (MCuM) of over burden removal (OBR) till December against 968.6 MCuM in the corresponding period last year. The PSU supplied close to 508 MT of coal to all consuming segments in April- December, registering a growth o
Kalpataru Power Transmission Ltd (KPTL) and its international arms have secured new orders worth Rs 1,247 crore. The orders are in India and overseas markets in the T&D (transmission and distribution) business for Rs 1,247 crore, a company statement said. Manish Mohnot, Managing Director & CEO, KPTL, said in the statement, "With these new orders, we have further strengthened and consolidated our market position in India, Saarc and African markets. We expect T&D ordering momentum to remain robust given the thrust on renewables and upgradation of T&D infrastructure in India and International markets". KPTL's YTD (year-to-date) FY23 order inflows have crossed Rs 17,031 crore on a consolidated basis. The existing order book along with our diversified business mix provides good visibility for growth in coming quarters. It is one of the largest specialised EPC (engineering) companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil
Nepal's power sector fears that they will lose the competitive advantage in the Indian market following New Delhi's recent decision to waive off the Inter-State Transmission System (ISTS) charges to India's hydropower projects, a move they say will severely hit their exports. On December 2, India's Power Ministry announced a waiver of ISTS charges on wheeling electricity for 18 years for new hydropower projects. The waiver is already available to solar and wind power projects. The government has set an ambitious plan to have 500 GW of generation capacity from non-fossil energy-based sources by 2030. The waiver is applicable exclusively to domestic Indian power producers and power exported from Nepal is not entitled to this concession. In essence, this will make hydropower generated by Indian companies cheaper than what is being produced by Nepal, according to hydropower experts here. The waiver is already available for wind and solar projects. "This is an internal matter of Indi
'People are looking to get into the manufacturing supply chain, governments are looking at expanding transmission infrastructure,' said ReNew Power founder & CEO, Sumant Sinha