Power Producers

At 10:45 AM, Sarda Energy & Mineral shares were trading at ₹456.35, up by 3.36 per cent on the National Stock Exchange.

Power producers have opposed Central Electricity Regulatory Commission's new norm of not mandating any payments for power they supply to grid before start of commercial production as it may lead to heavy losses. An association of power producers on January 23 wrote to CERC on the new provision for so-called infirm power, seeking a review of the norm. The decision to not pay for infirm power will lead to a huge loss. Thermal power generators can incur an expense to an extent of Rs 1,000 crore during the 6-12 month trial period towards infirm power before they achieve commercial operation of the plant. "All generating stations will face serious financial constraints in conducting the testing and commissioning activities to complete the trial run operation, as there will not be any source of funding for the fuel expenses. Normally, lenders do not fund fuel expenses," the Association of Power Producers wrote to CERC. Earlier, the regulatory regime allowed recovery of some price/cost ..

The government is aiming to add at least 500 giga watts of clean energy by 2030 to reduce carbon emissions

Korean brand Daewoo on Tuesday said it has set the target of achieving a revenue of Rs 500 crore by FY27 from India business and plans to launch over 100 products across multiple categories. Besides, the company is also looking to launch its own branded stores across the country, and aims to open 130 outlets by 2025-2026, it said. Daewoo, which re-entered the Indian market in October last year, has a diverse portfolio ranging from power and energy products such as batteries, solar panels, and inverters to consumer electronics items, including LED TVs and kitchen appliances. According to the company, the consumer durables market in India presents a substantial growth opportunity, as penetration levels remain relatively low with only 18 per cent of households owning air-conditioners and 33 per cent refrigerators while the washing machine ownership stands at 80 per cent. Daewoo aims to fill this gap with innovative, high-quality products that align with the changing lifestyle needs of

JSW Energy plans to light up the first unit of its Ind-Barath asset this month and the second by the end of FY24

Increase in outstanding dues of the coal mining public sector undertakings impacts the working capital and cash flow position of coal companies

Outstanding dues payable by power producers to Coal India for fuel supplies have increased by Rs 3,293.50 crore to Rs 16,629.41 crore since March 31, 2022, Parliament was informed on Monday. "The outstanding dues payable by power sector for the coal sales by Coal India Ltd (CIL)" were Rs 13,335.91 crore as of March 31 last year, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha. The figures are provisional. Further, the minister said that increase in outstanding dues of the coal mining PSUs impacts the working capital and cash flow position of the coal company. CIL, which accounts for over 80 per cent of domestic coal production, is a major supplier of dry fuel to electricity generating plants. Amid the early onset of summer and a pick-up in industrial demand for electricity, CIL had last week said that it is geared up to meet the demand for dry fuel from the power sector. The public sector coal producer had also expressed its hope to supply 156 million tonne

Analysts expect power cuts in Bangladesh to worsen this year, as a rapid decline in the value of its currency and foreign exchange reserves have limited its ability to import power generation fuels

Power regulator Central Electricity Regulatory Commission (CERC) has decided to fully compensate the power producers running imported coal-based plants for higher running costs required for supplying electricity under forced circumstances. The CERC order will come as a relief for imported coal-based power plants which ran to full capacity under the directions of the Ministry of Power for meeting demand. The CERC in an order on January 3, 2023, said, "In order to ensure that the Petitioner maintains and operate its plant to generate power for supply to the Procurers in compliance with the directions of the MoP (Ministry of Power) under Section 11(1) of the Act, the Commission under Section 11(2) of the Act is required to compensate the Petitioner to cover the cost plus a reasonable margin of profit." The order was passed by the CERC on a petition filed by Tata Power Company Ltd. The MoP in its letter on May 5, 2022 issued directions under Section 11 of the Electricity Act asking the

The company's total income rose to Rs 1,072.23 crore in the latest June quarter from Rs 704.90 crore in the same period a year ago.

It still beat Q1 estimates despite decline on both YoY and sequential bases

Independent power producers and renewable energy providers account for three-fourths of owed amount

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

The Indian Captive Power Producers' Association (ICPPA) alleged that independent power producers did not build up the required inventories which led to the supply crisis

The overdue amount is the outstanding that has not been paid even after the expiry of 45 days grace period after bill generation

However, BSES authorities said that they are fully geared up to ensure adequate power availability during the winter season

The Ministries of Power, and New and Renewable Energy have revised the relevant norms as part of the larger efforts to have 500 GW of clean energy generation capacity by 2030

Coal India Ltd (CIL) accounts for over 80 per cent of the total domestic coal output.

Jharkhand government is in the process of finalising pacts with several power producers for sourcing 3,040 MW electricity, an official statement said

Building community-sized renewable energy plants and shutting down old coal plants is a workable solution, say experts.