Page 2 - Power Sector

Tata Power plans to raise up to Rs 2,000 cr via bonds to finance biz ops

Tata Power's gross debt marginally rose to Rs 49,535 crore as of September this year, from Rs 47,590 crore as of March

IndiGrid, G R Infraprojects partner for transmission bids worth Rs 5,000 cr

Infrastructure investment trust India Grid Trust and G R Infraprojects have joined hands to bid for identified power transmission projects worth Rs 5,000 crore. "India Grid Trust (IndiGrid), India's first listed power sector infrastructure investment trust (InvIT) and G R Infraprojects Ltd (GRIL), one of India's leading players in Infrastructure sector, have announced a strategic partnership in the Indian power transmission sector," an IndiGrid statement said. An agreement has been signed to jointly bid for identified TBCB (Tariff Based Competitive Bidding) transmission projects aggregating to approximately Rs 5,000 crore, it stated. The power ministry has recently unveiled a plan for investment of Rs 2,50,000 crore in building transmission infrastructure for meeting the vision of 500 GW of renewable energy capacity by 2030 to meet its energy transition goal. There is a meaningful opportunity for private sector to participate in the journey of energy transition and shape the future

NCLT approves merger of Kalpataru Power Transmission, JMC Projects

Kalpataru Power Transmission Ltd (KPTL) on Wednesday said the National Company Law Tribunal has approved the merger of JMC Projects (India) Ltd with the firm, making it one of the country's largest listed engineering and construction companies. The combined entity will have a significant presence in India and projects in 67 countries, with offerings in well diversified areas of power transmission and distribution, buildings and factories, water, railways, oil and gas and heavy civil infrastructure. "Ahmedabad Bench of National Company Law Tribunal today approved scheme of amalgamation of JMC Projects (India) Ltd (JMC) with KPTL, leading to the creation of one of India's large listed diversified engineering and construction company with combined order visibility of nearly Rs 43,000 crores," a company statement said. The Board of Directors of KPTL and JMC approved the scheme of amalgamation in February 2022. Pursuant to the scheme, JMC's shareholders (other than KPTL) will be allotted

Power demand to fall in H2, gencos' receivables to go up: Fitch Ratings

The LPS Rules regulate access to power in case of non-payment of dues by discoms to gencos

TN power utility invites consumer organisations to air grievances

The Tamil Nadu Generation and Distribution Company (Tangedco) has convened a meeting with the voluntary consumer organisations functioning in the North Chennai area on December 31

Kalpataru Power Transmission bags Rs 1,397-cr new orders in India, abroad

Kalpataru Power Transmission Limited (KPTL) on Thursday said it has bagged new orders worth Rs 1,397 crore in the transmission and distribution (T&D) segment. The orders have been secured in India and overseas markets in the T&D business, KPTL said in a statement. "KPTL and its international subsidiaries have secured new orders/notification of awards of Rs 1,397 crores," it said. Manish Mohnot, Managing Director & CEO, KPTL, said these orders in addition to the orders declared earlier during the year have significantly enhanced the company's T&D order book and provide visibility for future growth. "With these new orders, our YTD (year to date) FY23 order intake has reached Rs 15,784 crores at a consolidated level," he added. KPTL is one of the largest engineering procurement and construction (EPC) companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil infrastructure business.

Peaking gas and power units to run under special scheme next summer

Move aimed at handling peak demand, NTPC-GAIL to ink pact, PowerMin to fund the scheme

Net zero will radically change how we use and generate electricity

In BloombergNEF's baseline scenario, the Economic Transition Scenario, power consumption grows by about two-thirds between 2020 and 2050

Rs 2.44-trn plan for 500-Gw renewable energy transmission launched

Liberty to Renewable project developers to sell on Exchanges till Transmission comes up: Power Minister

IIT Madras generates power from sea waves, aims to go commercial by 2024

Innovation may help India achieve climate change-related goal of generating 500 Gw of renewable energy by 2030

NTPC Green Energy likely to get strategic investor by March next year

State-owned power giant NTPC is likely to get a strategic investor for its arm NTPC Green Energy Ltd by March 2023, which will help raise up to Rs 3,000 crore for implementing renewables projects in the country. "NTPC is in the process of roping in a strategic investor for its subsidiary NTPC Green Energy Ltd. The company wants to raise Rs 2,000 crore to Rs 3,000 crore through this transaction, which is likely to be completed during this fiscal year or by March 2023," a source said. The source told that some pension funds, equity investors and big firms had evinced their interest to invest in NTPC Green Energy Ltd. Thus the process of bringing a strategic investor for the subsidiary is expected during this fiscal year only. In view of NTPC's plan to have 60 GW capacity through RE (Renewable Energy) sources, constituting nearly 45 per cent of its overall power generation capacity by 2032, the company would require over Rs 2.5 lakh crore to achieve this ambitious target in next one ..

Japan begins power saving scheme amid supply concerns over possible crunch

Japan on Thursday began a power saving scheme in a bid to ensure a stable electricity supply throughout the winter months amid concerns over a possible power crunch

PowerMin invites bids to supply 4.5 Gw electricity during coming summer

Power to be supplied for five years, qualifying gencos to get coal under SHAKTI scheme

Installed power capacity in India doubled in last 10 years: RBI Data

Maharashtra has the highest installed capacity of power of 43,466 MW followed by 42,208 in Gujarat, RBI's 'Handbook Of Statistics On Indian States' showed

Power System Operation Corporation renamed to Grid Controller of India

India's national grid operator 'Power System Operation Corporation Ltd (POSOCO)' on Monday announced that it has changed its name to 'Grid Controller of India Ltd'. The name has been changed to reflect the critical role of grid operators in ensuring integrity, reliability, economy, resilience and sustainable operation of the Indian electricity grid, a statement said. The change in name as 'Grid Controller of India Ltd' is a welcome step as it has unique position at the heart of India's energy system connecting people to the energy they use, it stated. "It (Grid Controller of India Ltd) explains the functions performed by the grid managers in the country at national and regional levels," said S R Narasimhan, Chairman & Managing Director, Grid Controller of India Ltd, in the statement. "The change in name is also to reflect who we are and the role we play in clean energy transition. We continue to be driven by our vision i.e. 'to be a global institution of excellence for reliable ...

Tata Power, Adani Transmission: Is the bull-run over in power stocks?

Earlier this year, Power Grid Corporation, Adani Transmission, Tata Power and Torrent Power scaled record highs, but now are seen trading almost 11 - 22 per cent lower from their respective peaks.

Coal dispatch to power sector drops 6% to 56.49 million tonnes in October

The dispatch of coal to the power sector registered 5.5 per cent decline at 56.49 million tonne last month. The coal supply to the power sector was at 59.79 million tonne (MT) in October 2021. "The power utilities dispatch has reduced by 5.51 per cent to 56.49 MT during October 2022 as compared to 59.79 MT in October 2021," provisional statistics of the coal ministry showed. However, in April-October period of ongoing financial year, the dispatch increased 13.07 per cent to 413 MT from 365.25 MT in the year-ago period. The overall dispatch of the dry fuel to different sectors in October also dropped to 67.02 MT from 70.21 MT in the year-ago period. The supply to captive power plants also fell to 3.54 MT from 4.97 MT. Many states faced power outages due to shortage of coal in the summer season this year. However, the coal ministry had said the "power crisis" happened mainly on account of the sharp decline in electricity generation from different fuel sources and not due to the ...

McKinsey lists 10 steps to decarbonise India while pursuing economic growth

India emits a net 2.9 gigatons of carbon-dioxide equivalent every year, third-largest globally, as of 2019, according to a report recently released by McKinsey Sustainability

Continental power grid spanning Japan to India inches closer to reality

Plans for a web of sub-sea cables that would create a continental power grid spanning Japan to India are rapidly becoming cheaper and more feasible

Regulators' forum critical of Centre's overreach in Electricity Bill, 2022

Proposed amendments are diluting the basic premise of the Electricity Act, it says