After Tatas and Reliance, yet another corporate giant - the Rs 20,000 crore (Rs 200 billion) Essar Group is entering the inter-state power trading business.
CERC on Monday fixed 14 per cent return on equity on all power projects and said that all future projects in generation, transmission and distribution would be structured through a tariff-based competitive bidding process.
The decision would help provide ease of doing business and also lead to larger FDI inflows contributing to growth of investment, income and employment.
The earlier resolution allowing these developers to charge higher power tariffs, now stands cancelled.
Pointing at regulation of environment sector as a case in point, Goyal said the sector suffered due to "over regulation as regulators are not able to justify many decisions"
NTPC has served notice of power suspension from February 11 to BSES Rajdhani, an electricity distributor in the national capital, due to payment issues.
Higher power tariff would have fetched Tata's Mundra UMPP Rs 25,000 crore (Rs 250 billion) and Adani's project an additional Rs 18,500 crore (Rs 185 billion)
Auto and index heavyweights Reliance Industries and ITC were the top losers in early trades.
CAG audit is likely to be completed in six months.
Five states -- Maharashtra, Haryana, Rajasthan, Punjab and Gujarat -- face a massive power crisis.
The idea is to set up renewable energy generation capacity, including both solar and wind, along with the associated evacuation infrastructure, at a mega scale in the four Indian deserts -- Thar in Rajasthan, Rann of Kutch in Gujarat, Lahul & Spiti in Himachal Pradesh and Ladakh in Jammu & Kashmir.
R-Power had produced the test certificate claiming March 30, 2013, as the date of commissioning.
Committee set up by state govt considering reduction in rates
The firm expects its recent equity infusion, debt refinancing and the compensatory rate to lead to a turnaround in its financial position.
If indeed the issues involved between the government and RBI are of immense public interest, why not make public the arguments of both the government and the RBI, irrespective of the outcome of the process, says Tamal Bandyopadhyay.However, the Act is silent on what happens if the governor's views differ from that of the government. If Patel does not want to budge from his stance the government can either see merit in the Governor's arguments and decide against going ahead with its plan or overrule him. My guess is that the issues raised by the government need to be sorted out not at the November 19 board meeting but between the Governor and the government, says Tamal Bandyopadhyay.
NTPC to be the worst hit, stock slides to five-year low on announcement.
'You can never bring about a change if you only bring in outsiders. Consultants will never feel what changes are necessary and where,' says Railway Minister Suresh Prabhu.
Power plant load factors are at historic lows of around 60 per cent.
Regulator's nod assumed more importance after the Maggi issue.
Merging tribunals may lead to administrative convenience, but pendency of cases is likely to increase
Will get Rs 830 cr, Rs 329 cr respectively to offset higher coal costs
The Central Electricity Regulatory Commission (CERC) has said the first 660-Mw unit of Reliance Power's 3,960-Mw Sasan ultra mega power project (UMPP) could not achieve its "full load" in March 2013 and rejected the company's plea to appoint an independent technical committee to look into the readiness of that unit.
With their balance sheets under stress, private companies have lost interest in them.
Moving from pricing control to a free market means stiff competition.
'There is tension between the zones all the time.'
Dabhol's assets will be demerged into the power plant and the LNG terminal.
'The Modi government believes the industrialist, the capitalist, has to pay for the assets of the government which belong to the people of India.'
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