Page 7 - Power Sector

Ind-Ra keeps 'neutral' outlook for power sector; demand growth to return

Ind-Ra has maintained a 'neutral' outlook for the power sector for FY23 and expects the demand growth to come back to a normal level of 6 to 7 per cent in the next fiscal year.

People may be free to set up standalone energy storage systems: R K Singh

Union Minister for Power and New & Renewable Energy R K Singh has indicated that people may be free to set up standalone energy storage systems (ESS) as the government plans de-licensing that under the policy for ESS. According to a statement issued by the power ministry, Singh interacted with renewable energy developers, industry and various government representatives to discuss the elements of the draft policy on the energy storage system to promote the creation of storage systems on a large scale across the country. The policy aims at the creation of the technology-agnostic storage system across the value chain of the electricity sector generation, transmission and distribution levels. In the meeting held on January 25 with representatives of the industry, Singh galvanised the industry representatives and called for their active participation in establishing storage systems and associated manufacturing industries domestically within the country. The minister also took a ...

Power trade volume rises 37% to 27.6 BU at IEX in December quarter

Power trade volume at Indian Energy Exchange (IEX) rose 37 per cent year-on-year to 27.6 billion units (BU) in the December quarter, mainly due to higher electricity consumption. "During the quarter (October-December), volumes on the Exchange grew by 37 per cent YoY (year-on-year) with 27.6 BU volumes traded versus 20.1 BU in Q3 FY21. The growth in volumes was driven by a substantial increase in electricity consumption as well as the resurgence of trading in RECs and ESCERTs," an IEX statement said. According to the statement, the real-time market continues to be one of the fastest-growing electricity market segments on the exchange, achieving a growth of 70 per cent y-o-y, with 4.8 BU of volumes traded during the quarter. The green market, including the day ahead and term ahead market, cumulatively traded 1.2 BU during the quarter and contributed 5 per cent to overall electricity volumes. On the REC (renewable energy certificate) front, a total of 38.28 lakh certificates and 2.86

Power sector stocks may continue to shine as economic activity recovers

Improving earnings prospects led by higher volumes and easing supplies augur well

20 states evince interest to avail additional borrowing for power sector

The Ministry of Finance had launched a programme in June 2021 to allow additional borrowing space of Rs 80,000 crore to states

Coal India committed to meet elevated' demand of power sector: Official

Mining major Coal India Ltd is committed to meet the elevated demand of the dry fuel from the power sector, including coastal plants dependent on imports, a company official said on Tuesday.

Power sector employees to go on 2-day strike in Feb against privatisation

The All India Power Engineers Federation (AIPEF) on Monday said that around 15 lakh power sector employees will go on nationwide strike for two days from February 23 to protest against privatisation. "National Coordination Committee of Electricity Employees & Engineers (NCCOEEE) has decided to resort to two days nationwide strike along with call given by All India Trade Unions on 23rd and 24th February," an AIPEF statement said. According to the statement, the NCCOEEE has also decided that core committee leaders of NCCOEEE will meet Governor Punjab on February 1 and handover memorandum to him against privatization of Chandigarh UT Power Department. AIPEF Chairman Shailendra Dubey said that on call of NCCOEEE about 1.5 million power employees & engineers across the country will resort to two days strike on 23rd and 24th February against privatization policies of the central government. He said that main demands of power sector employees are: withdrawal of Electricity ...

States should realise urgency in lowering discoms losses: Power Secy

In a Q&A, Alok Kumar says the law, however, will speed up reforms, given a lot of investment is needed to meet the country's net-zero target

TMS Ep85: Tata IPL branding, power plants, Voda Idea & TTML, vaccine

Why Tata Group is going for IPL branding? Is India bidding adieu to coal-fired power plants? How can Voda Idea and TTML stage a turnaround? What are the new Covid-vaccine platforms? All answers here

DERC turns down city discoms' request to relinquish 98 MW power allocation

The power regulator DERC has turned down city discoms' request to allow them to relinquish 98 Mega Watt of power allocation from three generation plants of NTPC, official sources said on Wednesday.

MCL offers 2.25 mn tonne coal to power consumers via road-cum-rail mode

CIL arm Mahanadi Coalfields Ltd said it has offered 22.5 lakh tonnes of coal to power consumers via the road-cum-rail mode

Power CPSEs capital expenditure rises 47% to Rs 40,000 crore in Apr-Dec

The Capex performance of the ministry is significantly better compared to the previous year

5% GST on electricity may cause Rs 5,700-crore loss to states, Centre

Power cost may fall for industrial consumers, says NTPC-commissioned report

Delhi witnesses rise in power demand in 2021 after a dip in 2020

On a day-to-day basis, Delhi saw a rise in power demand on 227 days of 2021 compared to similar days of 2020, implying that on 61 per cent days of 2021, Delhi needed higher power than what was needed

PGCIL approves investment of Rs 322 crore to expand in data centre biz

The Data Centre will be estabilished at Manesar

Renewable energy unit's valuations may rub off on NTPC stock

Energy conglomerate looking for strategic investors; plans to list subsidiary

Power ministry working on resource adequacy plan guidelines

The ministry was also discussing some bigger reforms to make discoms viable

J&K power employees call off strike as govt commits to some demands

The employees had called a strike to oppose the move by J&K Power Development Department to privatise the power distribution in the Union Territory and also merge the transmission arm JKPTCL with PGCI

Govt rolls back proposals in draft power Bill, drops subsidy abolition

First made public in April 2020, the Bill is yet to get the Union Cabinet's approval

Drug major Cipla to acquire 33% stake in Clean Max Auriga Power

Post-acquisition, Clean Max Auriga Power LLP will become an associate of Cipla