Page 3 - Power Companies

Discoms' outstanding dues to power gencos rise 36% to Rs 1.29 trn in July

Power producers' total outstanding dues owed by distribution firms rose over 36 per cent year-on-year to Rs 1.29 trillion in July 2020, reflecting stress in the sector.

Power equipment companies changing tack in push for green energy

The second of a two-part series talks about how stiff competition in thermal projects is forcing manufacturers to focus on renewable sector

Energy companies go green, change tack from coal to renewables

Covid has brought to fore the need for sustainable development. A two-part series examines the shift in energy sector

Green Shoots: Power demand recovers, but commercial use still below par

The fourth of the five-part series looks at how demand is returning to near normal levels

Five years on, govt's UDAY scheme fails to power bleeding discoms

Shreya Jai compares five-year data that reveals deterioration in the health of discoms

India's power companies face cash crunch after PFC rating cut to junk

Electricity projects, already reeling under precarious finances, could see borrowing costs soar if Power Finance isn't able to access the dollar bond market or raises funds overseas

India's electricity output signals recovery in June, shows govt data

June power generation fell 9.9%, a Reuters analysis of daily load despatch data from federal grid operator POSOCO showed, compared with a 14.3% decline in May.

Hitachi completes merger of its JV business unit with Power India

The merger follows the completion of the global merger of the energy business vertical of the Swiss major with the Japanese conglomerate.

Adani Power buys 49% stake in Odisha Power Generation Corp from US firm

Odisha holds the balance 51% in OPGC which operates the 1,740 Mw thermal power plant at Banharpalli in Jharsuguda

Power minister R K Singh asks Rs 3 trillion from finance commission

The minister informed the commission that the old schemes of the ministry are being amalgamated into a new scheme for which he requested Rs 3 trillion over five years.

Reliance Power wins lawsuit challenging validity of arbitration award

The total dues payable by Kokos Jiang and Prestige Capital Holdings stands at 68 million dollars as on the day of judgement

Covid-19 won't impact us, examining if we need pay cuts: JSW Energy CEO

The privatisation of distribution in Union Territories is a positive move by the government, says Prashant Jain, joint MD & CEO of JSW Energy

Tata group, Adani, CESC may join the race to buy BSES companies

Clouding the valuation will be dues to generation firms and a possible CAG audit

Pension funds, PE may invest in renewable projects, roads after lockdown

Even as the lockdown has affected mergers and acquisitions (M&A) in various businesses, companies and deal consultants are certain that renewable power assets would be the first on the sale table.

Lockdown impact: Dip in electricity demand hits coal-fired power generation

During 2019-20, the average Plant Load Factor (PLF) tumbled to 55.5 per cent owing to a decline in power demand and increasing traction from renewable power sources

Covid-19 outbreak: For big electrical players, lockdown only a blip

Most of the firms that are dependent on government contracts are looking at a dry pipeline in the near term.

Covid-19 lockdown: Power demand may fall in FY21, first in 15 years

The stress in the power sector is likely to impact 25 Gw of capacity tied up in short-term sales.

Proposed electricity contract enforcement authority mired in confusion

Former regulators question its need, legal experts cite loopholes

Tepid power consumption in Chhattisgarh despite soaring temperature

Low industrial offtake cited as reason, as overall consumption is lower by 1,000 Mw this year

Covid-19 to further paralyse cash flow, coal supply chain of power units

Power demand continues to fall while surplus coal lies unused at their sites; non-pithead units impacted most