India's electricity regulator, the Central Electricity Regulatory Commission, has proposed a new tariff scheme for power generated from hydroelectric stations, whereby the risks associated with changes in water flow would now be borne by producers. This is a move that is likely to bring down the price being paid by users, usually the state electricity boards.
The bonds were issued to these public sector undertakings as many state electricity boards had failed to pay back their dues. As part of one-time settlement of the dues owed by state electricity boards to PSUs like NTPC, NHPC, PGCIL and coal PSUs, an agreement was reached between 27 state governments, Union ministry of power and RBI in 2003 to release these bonds for the state-owned firms.
Property developers are setting up their own mini-power plants to meet captive requirements of the malls or residential complexes they are building. Electricity generated from these power plants, which will use compressed natural gas (CNG) as fuel, will be 40 per cent cheaper than state electricity board supplies, making it an attractive investment option rather than a perceived additional cost.
Senior Bharatiya Janata Party leader Yashwant Sinha and 54 others were remanded to judicial custody by a local court on Tuesday after they refused to seek bail in a case of alleged assault of a Jharkhand State Electricity Board official.
L&T is the preferred pick, but given the opportunities in the power T&D space analysts are also positive on KEC, ABB and Kalpataru
"The Maoists blew up a cement-laden truck near Kapsi, about 250 km from the state capital, by triggering a landmine, killing three CSEB employees, including the truck's driver," a police source in Narayanpur told PTI.
Regardless of how the stalemate ends, the government needs to learn that regardless of its parliamentary strength it cannot take people for granted. A little bit of humility would do it a lot of good, recommends Virendra Kapoor.
The toll in Monday's dam-pipe burst at Idukki district in Kerala has risen to four, with authorities finding one more body on Tuesday, said sources.
China National Machinery and Equipment Import and Export Company has struck a deal with the Chhattisgarh government to build two power plants with a capacity of 600 Mw in Korba district of the state.
Eight states will be knocking at the doors of the power ministry this month to seek more time to unbundle their State Electricity Boards into separate transmission, generation and distribution entities.
At least three persons were killed and two others went missing after a penstock on a huge pipe connecting Panniyar power house to the Ponmudi dam burst in Idukki on Monday
Angry over irregular power supply, irate farmers on Tuesday ransacked the Maharashtra State Electricity Board office in Kalvan in Nasik district.
An analyst who tracks investments for a Singapore-based foreign institutional investor, said, "The story doing the round in stock market circles is that companies that have been allocated coal blocks can make a lot of money by selling power at merchant rates."
State power boards incur fixed cost of Rs 3,500 crore (Rs 35 billion). About 5,000 Mw of gas-based electricity generation capacity, built at a cost of about Rs 20,000 crore (Rs 200 billion), is lying idle due to the shortage of gas in the country.
Decks have been cleared to restart the controversial Dabhol Power Project in Maharasthra as the company's US promoters withdrew all legal proceedings against the state and the central government before the arbitration panel in London.
Indian Railways on Tuesday entered into a joint venture agreement with the NTPC for setting up 1000 MW captive power plant at Nabinagar in Bihar, a move that can help the exchequer save Rs 400-600 crore (Rs 4-6 billion) annually on power purchase from state electricity boards.
With this the curtain falls on all legal proceedings in India and abroad involving the two companies.\n
The Central Electricity Regulatory Commission issued orders for inter-state transmission, prohibiting discrimination by state electricity boards. The commission divided open access customers into two categories-long term and short term.
The Shiv Sena has been holding protests against frequent load-shedding in most parts of Maharashtra, which is going through a severe power crisis.\n
The victory gave the defending champions a berth in the last eight of the Bombay Gold Cup hockey tournament.
Railway traffic on both Central and Western lines were affected, throwing train schedules out of gear and affecting office goers.
Last month, Sena activists had gone on a rampage, attacking MSEB offices at a number of places across the state protesting frequent power cuts.
Private sector giants Reliance Energy, Torrent Power, Jaiprakash Group and L&T are among the companies that have bid for setting up hydro power plants in Himachal Pradesh.\n\n
Union Power Minister\n\nP M Sayeed said power reforms would be made rural-centric
The Supreme Court on Wednesday issued notice to the Centre on a petition challenging the legality of the power purchase agreement between Maharashtra State Electricity Board and the Enron-promoted Dabhol Power Corporation.
State-owned HPCL will set up a 100 MW wind park and launch pilot projects for bio-diesel production - moves that could deliver significant cost advantages to the company.
The Super Grid of the Bihar State Electricity Board situated at Biharshariff in Nalanda district suddenly collapsed.
The SC on Thursday issued notices to the Bihar government, the Election Commission and the Bihar State Electricity Board on a PIL challenging BSEB's decision to waive surcharge on delayed payment of electricity bills by MLAs and ministers.
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