Page 2 - Power Companies

20 states evince interest to avail additional borrowing for power sector

The Ministry of Finance had launched a programme in June 2021 to allow additional borrowing space of Rs 80,000 crore to states

PTC India net profit rises 1% at Rs 195 crore in September quarter

The company on Thursday posted a marginal rise in consolidated net profit

RattanIndia Power loss widens to Rs 464 crore in September quarter

The company on Wednesday reported widening of consolidated net loss

Energy exchange jumps 180% this year as India battles coal crisis

Indian Energy Exchange's platform is used by companies to power their short-term needs.

Power cost to remain high as imported coal prices soar: Ind-Ra

Short-term power prices are likely to remain elevated in the near term on account of a continued increase in imported coal prices, according to rating agency Ind-Ra. It noted that a large part of the increased power generation would continue to be met through coal-based plants, although coal output is not increasing to the desired level. This is reflected in low inventory stocks at power plants, and therefore, a part of the increased energy demand will have to be met through imported coal, Ind-Ra said. In light of the expected high imported coal prices, the short-term power prices in India are likely to remain elevated, it stated. The speedy recovery in power demand post the second wave of COVID-19 infections, coupled with lower than adequate domestic coal production, led to a reduction in coal inventory levels at various power plants, it said. The coal production by Coal India increased marginally to 209.2 million tonne (mt) in April-August period of the ongoing fiscal year as ..

Stocks of Indian power producers rally as electricity demand rises

Tata Power rose by as much as 9.6% to an nearly 14-year high, while Torrent Power, another private power producer, rose to a record.

Tata Power CEO Praveer Sinha on India's transition to renewable energy

Climate change has thrown up key challenges for power firms. In this exclusive interview, Tata Power CEO Praveer Sinha lists the issue facing the power companies how his company is addressing them

Tata vs Reliance: A two-front battle -- renewable energy and retail

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner

Disputed decline in power dues

The amount of money that remained outstanding after 45-to-60 days of grace period given to the distribution companies fell to about Rs 67,300 crore, over 20 per cent lower than what it was a month ago

Power consumption grows nearly 19% in 1st fortnight of May: Govt data

This indicates recovery in industrial and commercial demand of electricity

Texas power cooperative files for bankruptcy, citing $1.8 billion grid debt

The largest and oldest electric power cooperative in Texas filed for bankruptcy protection in Houston on Monday, citing a disputed $1.8 billion debt to the state's grid operator

Discoms' outstanding dues to power gencos rise 24% to Rs 1.36 trn in Dec

The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms

Torrent Power highest bidder for Dadra Nagar Haveli, Daman & Diu discoms

UT of Dadra & Nagar Haveli and Daman & Diu carry annual revenue of Rs 4500 crore from roughly 150,000 consumers

Persuade consumers pay bills as UP power runs loses of Rs 90K-cr: Minister

With the UP power corporation running into losses to the tune of a whopping Rs 90,000 crore, state Power Minister Shrikant Sharma asked officials to persuade consumers to pay their pending bills.

Power Finance Corp to sell bonds worth $1.4 billion to individual investors

Power Finance Corp. has filed a draft prospectus for a 100-billion-rupee offering ($1.4 billion), and plans to raise the entire sum this quarter

Discoms' outstanding dues to power gencos rise 35% to Rs 1.41 trn in Nov

In November 2020, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stood at Rs 1,29,868 crore as against Rs 93,215 crore in the year-ago period

Revival path: Credit quality of key sectors unscathed, outlook on the mend

In the first part of the series, we are looking at the core investment-linked sectors.

NTPC offers to buy back its Rs 4,000 cr masala bonds from lenders

State-run power giant NTPC has made an offer to buy back its masala bonds worth Rs 4,000 crore from bondholders or lenders

Discoms' outstanding dues to power gencos up 29% to Rs 1.38 trn in Oct

Distribution companies (discoms) owed a total of Rs 1,06,734 crore to power generation firms in October 2019

Outstanding dues from power cos pose challenge: Coal India report

The cash flow problem arising out of the outstanding dues from state-owned power generation companies poses a challenge to Coal India Ltd as its management is deliberating on an interim dividend