Power Grid is supposed to set up two (2) high power transmission towers costing over Rs 16,500 crore (Rs 165 billion) for evacuating a bulk of the 16,000 Mws of electricity generated within the state by 2011-12 to western and northern India.
The Shiv Sena today asked consumers in Mumbai and elsewhere in Maharashtra not to pay electricity bills in protest against steep rise in tariffs.
The deal includes Reliance Infrastructure's integrated business of Generation, Transmission and Retail Electricity Distribution
Seven major state power distribution utilities, identified by the central government for financial restructuring, have failed to increase their tariff considerably to improve their financials.
In the revised financial bids, Anil Ambani-controlled Reliance Power had emerged as the lowest tariff bidder last month vis--vis other power majors such as Lanco Infratech and National Thermal Power Corporation. Official sources said the government might go for re-bidding to bring down the quoted tariff, which is observed to be on the higher side. The ETF will meet on July 19 to take a final view.
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Tata Power sets up camps to explain the benefits of switchover for low-end consumers from their current supplier.
Conflicting views on Coal India (CIL) might leave investors confused. The bullish perspective that India has strong power demand (and also high steel production) means high demand for coal. As CIL is the monopoly producer of coal -- supplying over 80 per cent of the domestic requirement - the public sector undertaking should be a beneficiary of the rising power demand.
Energy's exit is a cautionary tale for several foreign investors in India as close to 16 Gw of solar and wind power projects languish without any power purchase agreement, 24 Gw without transmission connectivity and around 2 Gw unilaterally cancelled by project developers.
To understand Modi, listen to what he does not say -- vide NRC, suggests Prem Panicker.
This will help expedite private sector power projects, said sources.
In its decision over a tariff revision proposal submitted by the BEST, the MERC has given this direction.
In the short term for next five years till 2020, the sector is likely to attract nearly $250 billion.
A healthy growth in India's services segments has helped the country's total exports and imports of goods and services to cross the $800 billion mark during the first half of 2023, despite a slowdown in global demand, think tank GTRI said in a report on Monday. According to the analysis of the Global Trade Research Initiative (GTRI), exports of goods and services rose by 1.5 per cent to $385.4 billion during January-June this year, as against $379.5 billion in January-June 2022. Imports, however, dipped by 5.9 per cent to $415.5 billion during the six months of this year, as against $441.7 billion in January-June 2022.
India's power sector faces annual losses of $27 billion by 2017 unless sweeping reforms are taken to tackle inefficient subsidies, theft and political meddling in utility companies, the World Bank said.
Power supply to cricketer-turned-politician Imran Khan's palatial residence was cut off by a Pakistani firm over non-payment of electricity bills amounting to over Rs 1,00,000.
'You are one of the drops that make that ocean, but when you leave it makes no difference to the ocean.'
However, the budget lacked very specific measures detailing how this will be achieved," the statement said.
The N K Singh task force on power sector reforms has proposed wide-ranging fiscal measures, including cut in customs duty, abolition of special ad valorem duty and tax holiday to step up investments in a bid to bring down tariffs.
Exports had recovered in November to grow at 0.59 per cent from a 12 per cent contraction in October.
Isha's stab at the bottom of the laptop pyramid shows she is a true Ambani.
Maharashtra Cabinet undecided over providing subsidy to private utilities.
Reliance Power has terminated its mega power project in Jharkhand over inordinate delays in land acquisition.
The price of wind power may soon compete with conventional fossil fuels, according to researchers in the United States
Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.
The Supreme Court on Monday asked Delhi Chief Minister Arvind Kejriwal and Lieutenant Governor V K Saxena to rise above 'political bickering' and discuss who could head the national capital's power regulator Delhi Electricity Regulatory Commission (DERC), saying the two constitutional functionaries should get down to 'serious work of governance' away from glare of publicity.
DD Freedish is the 'largest TV platform in India', going to 58 million homes, featuring 70-odd private channels. DD Freedish reaches about 278 million people, and is easily among the top five TV platforms in the world.
'I clearly recall how you immediately directed your administration to identify and allocate land, water, and other clearances in the shortest time possible.' 'That was the fastest decision-making process I have ever witnessed.'
Hard and unpopular decisions are needed - not just another round of financial repackaging to sort out the discom mess.
CM Stalin has a procedural problem. Nominating new ministers would entail his having to seek formal permission from governor R N Ravi. Stalin does not want to interact with the person of this governor, as far as possible, predicts N Sathiya Moorthy.
Amid the increasing pressure on the Chief Minister N Kiran Kumar Reddy from the Central government either to end the crisis arising out of the indefinite strike of government employees or face the axe, crucial talks were scheduled to take place between the chief minister and the leaders of the Andhra Prasdesh Non Gazetted Officers Association on Wednesday.
It aims at tackling issues such as child labour, mistreatment of workers, and denial of basic wages, among others. There will also be penalties for non-compliance.
Foreign investment firms, especially private equity, are jittery about the Indian market as uncertainty continues to shroud the energy sector.
Goa, Uttarakhand and Meghalaya will initiate schemes to enable 24x7 power to consumers.
'The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.'
India must integrate more with East Asia by getting into regional trade arrangements, lower its tariff walls, and improve the quality of its workforce, suggests T N Ninan.
Asia's richest man Gautam Adani on Wednesday said his ports-to-power conglomerate will build three giga factories for manufacturing solar modules, wind turbines, and hydrogen electrolyzers as part of a $70 billion investment in clean energy by 2030. Adani group is stepping up investments across the green energy value chain as it aims to become the world's top renewable energy producer by 2030. "The Adani Group has already committed $70 billion (for climate change and green energy).
Across India, decades of mismanagement and political meddling have left utilities selling electricity below cost and turning a blind eye to rampant theft.
