Mixed bag for utility sector in 3rd quarter

Given continued sluggish demand growth of 3.8% YoY in Q3FY11, power deficit in India dropped to 7.2% from 9.6% in Q3FY10. This impacted merchant realisation — merchant rates are hovering at Rs 4/KwHr. Further,...

Bombay HC slams govt in CERC vs FMC regulator spat

Regulatory spats just never cease. And, on 07-01-2011, the one between the Forward Markets Commission (FMC) and the Central Electricity Regulatory Commission (CERC) led to embarrassment for the Government of India. The Bombay High...

NTPC eyes Maldives for solar power projects

NTPC is drawing up plans to increase its footprints overseas. Seeking to expand its presence in the clean energy sector, it is eyeing Maldives for establishing solar power projects. NTPC is conducting a feasibility...

Seeks duty on Chinese import

Bhel has asked the government to ensure level-playing filed vis a vis Chinese players by imposing import duty on the equipment to ensure equality among all players in the power sector. Admitting competition emerging...

Power tariff at Jaitapur will be competitive: Areva

French reactor manufacturer Areva SA hopes to keep the price of electricity generated from the proposed Jaitapur atomic project within “competitive levels” by delegating a fair share of work to state-owned Nuclear Power Corporation...

Vibrant summit ’09 a sham, says Gohil

GANDHINAGAR: Leader of the Opposition, Shaktisinh Gohil, has termed the state government’s tall claims of attracting investments in the power sector as “hollow talks”. Giving details of memorandums of understanding (MoUs) signed up during...

NTPC’s Rs 20k-cr project faces delay

Public sector power major National Thermal Power Corporation (NTPC) is likely to delay implementing its 4,000 mw super critical thermal power project in Bijapur district, with local farmers demanding more compensation in return for...

Hydropower dreams fade on green concerns

India’s hydropower projects are in troubled waters. Once touted as an important engine for power capacity addition, the share of hydropower in total installed generation capacity has hit a historic low of 22 per...

Tata Power cancels deal with Olympus

Tata Power has scrapped a $300-million worth stake sale agreement in two of its overseas coal mining arms to Hong Kong-based private equity fund Olympus Capital. The power company indicated that the deal was...

Orissa inks pacts for three power plants

The Orissa government Monday signed pacts with three private sector companies for setting up thermal power plants in the state with an estimated total investment of Rs.20,469.60 crore (about USD 4.5 billion) and capacity...

India plans power lines via Bangladesh

India is exploring the possibility of building transmission lines via Bangladesh to supply power to that country and to transmit electricity between the northeast and the rest of India, union Power Minister Sushil Kumar Shinde...

Seeking a policy fix for discoms

While power generation and transmission are attracting huge investments, the Indian government needs to reanalyse its policies to make the sector viable. According to industry estimates, the sector will grow at a CAGR of...