Page 6 - Power Sector
Centre allocates 207MW of additional power to J-K to meet increasing demand
In order to meet the increasing electricity demand, the Centre has allocated 207MW of additional power to Jammu and Kashmir.
 "Centre allocates 207MW of additional power to J-K to meet increasing demand")
Current power crisis due to sharp fall in generation, not coal shortage
The current power crisis is mainly on account of sharp decline in electricity generation from different fuel sources and not due to non-availability of domestic coal, a top official said on Sunday.
Top headlines: Fall of extreme poverty, regulation of gaming industry
Business Standard brings you top headlines of the day
 "Top headlines: Fall of extreme poverty, regulation of gaming industry")
No power cuts imposed for any sector, clarifies Telangana govt
Telangana State Transmission Corporation (TS Transco) said the power supply to the agriculture sector in some parts of the state was disrupted due to some unavoidable reasons.
 "No power cuts imposed for any sector, clarifies Telangana govt")
Supply interruption
Power supply could worsen in the near term
Discoms' outstanding dues to gencos rise 17.3% to Rs 123,244 cr in April
Power producers give 45 days to discoms to pay bills for electricity supply. After that, outstanding dues become overdue and generators charge penal interest on that in most cases.
 "Discoms' outstanding dues to gencos rise 17.3% to Rs 123,244 cr in April")
NTPC, PowerGrid hit life-time highs; soar up to 17% in the last five days
Significant rise in electricity consumption has pepped up the investors' interest at these counters.
 "NTPC, PowerGrid hit life-time highs; soar up to 17% in the last five days")
Suspected Chinese hackers collect intelligence from India's power grid
The hackers compromised an Indian national emergency response system and a subsidiary of a multinational logistics company
 "Suspected Chinese hackers collect intelligence from India's power grid")
Peak power demand up 12% at 198.47 GW, may cross 200 GW-mark in April
According to the power ministry data, the peak power demand met was 177.20 GW on April 1, 2021.
Regulator asks power exchanges to cap bid prices as demand surges
The prices discovered at the power exchanges have remained significantly high during the last few days.
Torrent Power takes over distribution in Dadra & Nagar Haveli, Daman & Diu
With a customer base of around 150,000, the newly formed DNHDD Power Distribution Company will have annual sales of 9 bn units of power and an annual revenue of about Rs 4,500 cr.
 "Torrent Power takes over distribution in Dadra & Nagar Haveli, Daman & Diu")
PGCIL transfers 26% stake in Powergrid Vizag Transmission for Rs 330 cr
State-owned Power Grid Corporation of India (PGCIL) has transferred its remaining 26 per cent stake shareholding in Powergrid Vizag Transmission Ltd to infrastructure investment trust PGlnvlT
 "PGCIL transfers 26% stake in Powergrid Vizag Transmission for Rs 330 cr")
More rakes to power sector poised to hit key infrastructure: Railways
The ministry is of the view that "any more curtailing will cause crucial infrastructure industries to suffer."
 "More rakes to power sector poised to hit key infrastructure: Railways")
E2S Power, India Power tie up for thermal storage facility in India
E2S Power and India Power have inked a pact to work on transforming fossil fuel power station into thermal storage systems for renewable energy in the country
Can ESCOS enhance competitiveness of Indian firms while creating green jobs
Various studies have estimated that the energy services market is India is north of Rs 1 trillion.
 "Can ESCOS enhance competitiveness of Indian firms while creating green jobs")
Power consumption grows 2.2% to 105.54 billion units in February
Power consumption in February 2021 was 103.25 BU, a tad lower than 103.81 BU in the same month of 2020, as per the power ministry data.
 "Power consumption grows 2.2% to 105.54 billion units in February")
Fitch affirms Power Grid Corporation's 'BBB-' rating, outlook 'negative'
The Fitch ratings on Power Grid Corporation of India Ltd are constrained by the credit profile of the India sovereign (BBB-/negative), which owns 51.34 per cent of the company
 "Fitch affirms Power Grid Corporation's 'BBB-' rating, outlook 'negative'")
Buy, Sell and Trade: India will soon have Electricity OTC market
The over-the-counter market allows buyers and sellers to directly transact conventional and renewable electricity, and negotiate the price and contract
 "Buy, Sell and Trade: India will soon have Electricity OTC market")
Ministry of Power notifies green hydrogen policy: All you need to know
Waiver of inter-state transmission charges for a period of 25 years will be allowed to the manufacturers of green hydrogen and green ammonia for the projects commissioned before June 30, 2025
 "Ministry of Power notifies green hydrogen policy: All you need to know")
Asset monetisation: NITI seeks GST waiver for 'rights to use' transfers
At present, the transfer of 'Rights to Use' is considered a supply under the GST regime, and attracts 18 per cent tax in the hands of the new entity or special purpose vehicle
 "Asset monetisation: NITI seeks GST waiver for 'rights to use' transfers")
