Page 20 - Power Sector

Extensive power infra being built for largest Covid-19 facility in Delhi

The rising number of coronavirus cases in Delhi has necessitated an urgent need to increase hospital beds and isolation facilities

Power demand slump narrows marginally to 9.76% in third week of Jun

The slump in power demand in the first week of the June was recorded at 19.7 per cent. However, the decline so far is still higher than 8.8 per cent recorded in May.

From thermal to solar units, China dominates India's power sector

Barring a few, all privately-owned thermal power units, roughly about 40,000 Mw, constructed over the past decade were built using Chinese equipment.

Central transmission utility hived off from Power Grid Corporation

Power Grid, as a CTU, is responsible for the wheeling of power generatedby power producers and involved in planning transmission systems and operations.

Tata Power sells shipping assets for $212.76 mn as it seeks to pare debt

In April, Tata Power received $110 Million from sale of its stake in South African joint venture Cennergi, which is to be utilised to repay loans in the June Quarter

Cool weather widens power demand slump to 19.7% in first week of June

The peak power demand met in May stood at 166.42 GW (recorded on May 26), which was 8.82 per cent less than 182.55 GW in the same month a year earlier

Internet speed to power: Weekly indicators show economy is picking up

Weekly economic indicators show a rise in economic activity in days leading up government announcing easing coronavirus lockdown

Discoms can now buy power on exchanges just an hour before delivery

Real time electricity market enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery

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.

PM Modi reviews power sector, says state-specific solutions needed

During the review, policy initiatives including revised tariff policy and the Electricity (Amendment) Bill 2020 to redress the problems afflicting the power sector were also discussed

Rs 90,000 cr discom package: Street anxious over impact on PFC and REC

While state government guarantee offers comfort, operational inefficiency may continue to impact debt servicing ability of electricity distributors, say experts; the two stocks are down 10-13 per cent

Covid-19 impact: JSW Energy puts GMR Kamalanga acquisition on hold

In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.

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

Power reforms won't electrify the sector

At best, the scheme can be viewed as a one-time measure, while the larger problem of insolvency of discoms remains

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

FM Sitharaman announces big-bang package for MSMEs to revive economy

Rs 6-trn stimulus includes Rs 3 trn of collateral-free loans; Rs 30,000-crore special liquidity scheme for NBFCs, HFCs, MFIs

FM announces Rs 90,000 cr liquidity infusion in power distribution sector

PFC, REC to extend one-time loans with riders

Banks to breathe easy as govt's Rs 3.7 trn package brings relief for MSMEs

Wednesday's package also addressed some concerns in power and real estate

Average spot power price dip 25% to Rs 2.42 per unit in April amid lockdown

Besides, the power sales volume at 4,052 million units (MU) last month was down 6.6 per cent as compared to the year-ago period, an IEX statement said.

Pvt power units wants SHAKTI coal auction deferred, cite liquidity crunch

In the earlier two rounds held over the last two years, around 9,389 megawatt (MW) of power capacity bid for the coal under the SHAKTI scheme