Power Generators

DVC registers 'highest' power generation at 43.32 bn units in FY23

Damodar Valley Corporation achieved the highest power generation in its 75 years of existence, with a 6.5-per cent on-year rise in 2022-23 to 43.32 billion units, which mostly came from thermal sources, company officials said. It also registered a robust 29 per cent growth in power sales to Rs 24,432 crore in 2022-23 over the preceding fiscal, aided by tariff revision and a central scheme, they said. The plant load factor, too, stood at a record 74.23 per cent as against 68.96 per cent in the 2021-22 fiscal. "In FY'23, billing was Rs 24,432 crore, which is higher by around Rs 5,461 crore over the previous year. Apart from higher generation, regulatory approvals of tariff revision and the Union government's Late Payment Surcharge (LPS) scheme also boosted revenue collection," DVC Chairman Ram Naresh Singh told PTI. DVC Member Finance Arup Sarkar said billing had risen by about 29 per cent and realisation was higher by 23 per cent in FY'23 to Rs 23,413 crore. The figures are subject

Power producers owe Rs 16,629.41 cr to Coal India for fuel supplies: Govt

Outstanding dues payable by power producers to Coal India for fuel supplies have increased by Rs 3,293.50 crore to Rs 16,629.41 crore since March 31, 2022, Parliament was informed on Monday. "The outstanding dues payable by power sector for the coal sales by Coal India Ltd (CIL)" were Rs 13,335.91 crore as of March 31 last year, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha. The figures are provisional. Further, the minister said that increase in outstanding dues of the coal mining PSUs impacts the working capital and cash flow position of the coal company. CIL, which accounts for over 80 per cent of domestic coal production, is a major supplier of dry fuel to electricity generating plants. Amid the early onset of summer and a pick-up in industrial demand for electricity, CIL had last week said that it is geared up to meet the demand for dry fuel from the power sector. The public sector coal producer had also expressed its hope to supply 156 million tonne

Indian Energy Exchange to launch High Price Day Ahead Market segment

Indian Energy Exchange has planned to launch the High Price Day Ahead Market segment by mid March, which will facilitate electricity generating firms to sell power at a price as high as Rs 50 per unit. Earlier this month, the Central Electricity Regulatory Commission (CERC) allowed three categories of power generators to participate in the HP-DAM market -- gas-based generating stations using imported RLNG and naphtha, thermal plants using only imported coal, and Battery Energy Storage System (BESS) -- on the petition of IEX (Indian Energy Exchange). "IEX has received approval from CERC to launch the High Price Day Ahead Market (HP-DAM) in the integrated day ahead market (I-DAM) segment. We expect to launch the segment by the mid of March 2023," Rohit Bajaj, Head-Business Development, Regulatory Affairs and Strategy, IEX, told PTI. The relaxation in norms by the CERC will provide relief to three categories of power generating companies (gencos) -- those running their plants on ...

Discoms' dues to gencos down by Rs 24,000 crore on back of loan scheme

But cumulative dues remain at a high of Rs 1.13 trillion

Thermal plants not co-firing enough biomass likely to face penalty

The power ministry would also consider reducing coal supply to TPPs not complying with its policy on biomass co-firing, according to a Ministry of Environment, Forest and Climate Change statement

Gencos procure 5.8% of total order value from Coal India's import tenders

CoalMin confident that domestic supply will meet festive season's power demand

Don't burden utilities, pay for freebies from budget: Sitharaman to parties

Union Finance Minister Nirmala Sitharaman on Friday said political parties that come to power on pre-poll promises of freebies should pay for those through budgetary provisions. Citing the example of free electricity being promised in many states, the finance minister said the burden for the freebies should not be thrust upon the power discoms or gencos. "If a promise has been made to the people at the time of the election, you are looking at a quid pro quo. You should be, as a responsible party, assume after you come to power, make a provision in the budget for it," Sitharaman said, speaking at the FE Best Bank Awards event here. She said in the case of the power sector, there have been cases where states have paid the utilities in parts or not paid at all. "You end up shifting the burden to the discom which has not gone to the election. The discom has not asked for votes. Why should they be burdened? Do they have the power to stop continuing the supply? And similarly the gencos,"

Govt gives gencos time till Friday to begin process for coal imports

GENCOS who either don't place their indents with CIL by 3.6.2022 or haven't initiated their tender processes of coal imports, will be allocated only 70% of domestic coal, said govt

Discoms' dues to gencos touch Rs 1.19 trillion amidst coal-power crisis

The Union Ministry of Power recently asked six states to clear their dues to power generating stations and national miner Coal India (CIL).

Tangedco to double power production, upgrade distribution by 2030 in TN

The Tangedco, according to the minister, will double up the power production by 2030 as well as upgrade the distribution system for an uninterrupted power supply

Why power utility stocks are likely to underperform going forward

Impact on JSW Energy, Torrent Power the highest due to sharp rise in fuel costs

No access to alternate electricity sources to defaulting discoms: R K Singh

As on Dec 14, total dues of discoms towards gencos was Rs 98,682 cr; If the disputed amount is included, the dues stand at Rs 1.09 trn, inching closer to the record highs of last year

Discoms' outstanding dues to gencos fall 15.25 pc to Rs 82,305 cr in May

Total outstanding dues owed by electricity distribution utilities or discoms to power producers fell 15.25 per cent to Rs 82,305 crore in May 2021 from a year ago. Distribution companies (discoms) owed a total Rs 97,111 crore to power generation firms in May 2020, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). The outstanding dues of discoms towards electricity producers have been increasing year-on-year as well as month-on-month for years showing perennial stress in the power sector till February this year. It has started tapering off from March 2021. Total dues in May increased sequentially compared to Rs 77,203 crore in April this year. The PRAAPTI portal was launched in May 2018 to bring in transparency in power purchase transactions between generators and discoms. In May 2021, the total overdue amount, which was not cleared even after 45 days of grace period offered by generators, stoo

Godrej & Boyce gets Rs 468 cr order to supply generators for PHWR project

Godrej & Boyce has bagged a Rs 468 crore order from Nuclear Power Corporation of India to supply steam generators for 700 MW pressurized heavy water reactors (PHWR) project. The company's process equipment division will be supplying the generators for the indigenous project and is the biggest order for the division yet, Godrej & Boyce said in a statement. Steam generators are critical equipment in a nuclear power plant for generating clean (non-fossil) and reliable source of power for baseload requirements, the statement said. The generators will be manufactured at the company's facility in Dahej, Gujarat. For decades now, Godrej Process Equipment has been a leading global fabricator of high end critical static equipment for the process industry. To contribute to India's prestigious nuclear power programme is a matter of great pride for us, its business head Hussain Shariyarr said. The Indian PHWRs have been designed at the Bhabha Atomic Research Centre (BARC) and one reactor .

Govt's PPA exit guidelines stuck amid tussle between generators and discoms

Once relinquished, generators and discoms can sell and buy power under other arrangements

Discoms' outstanding dues to power gencos rise 47% to Rs 1.33 trn in June

Distribution companies (discoms) owed a total of Rs 90,655 crore to power generation firms in June 2019

Coal India dues from state gencos rise to Rs 22,000 cr amid weak demand

The mining behemoth is also not in a position to regulate supplies to the power companies as demand has remained subdued over the last few months

Power producers seek more time to install emission controlling equipment

An association of power producers has sought more time to install emission controlling equipment at their plants, saying various issues, including COVID-19 followed by supply disruptions from China, have posed challenges in meeting the December 2022 deadline. In a letter to the Prime Minister's Office (PMO), the Association of Power Producers (APP) has sought another three years to complete the process. As per a government order, all thermal power plants in India have to install the flue gas de-sulphurisation (FGD) technology that reduces sulphur oxides emissions on burning of coal, in a phased manner by December 2022. In the letter, the APP has apprised the top office that under the current circumstances meeting the deadline would be a challenge as the COVID-19 outbreak has led to supply disruptions of equipment from China. Only about 20-30 per cent of the emission reducing components, it said, are manufactured in India and for a major share of 70-80 per cent, the country is ...

Discoms' outstanding dues to power gencos rise 63% to Rs 1.23 trn in April

Power producers give 60 days to discoms for paying bills for the supply of electricity. After that, outstanding dues become overdue and generators charge penal interest on that in most cases

Torrent, Lanco among private gencos not paid by Madhya Pradesh Power Co

This move by MP govt comes after the union power ministry had clarified electricity generation is an essential service and no state can invoke force majeure to defer payments