Page 5 - Power Companies

Hitachi completes merger of its JV business unit with Power India

The merger follows the completion of the global merger of the energy business vertical of the Swiss major with the Japanese conglomerate.

Adani Power buys 49% stake in Odisha Power Generation Corp from US firm

Odisha holds the balance 51% in OPGC which operates the 1,740 Mw thermal power plant at Banharpalli in Jharsuguda

Power minister R K Singh asks Rs 3 trillion from finance commission

The minister informed the commission that the old schemes of the ministry are being amalgamated into a new scheme for which he requested Rs 3 trillion over five years.

Reliance Power wins lawsuit challenging validity of arbitration award

The total dues payable by Kokos Jiang and Prestige Capital Holdings stands at 68 million dollars as on the day of judgement

Covid-19 won't impact us, examining if we need pay cuts: JSW Energy CEO

The privatisation of distribution in Union Territories is a positive move by the government, says Prashant Jain, joint MD & CEO of JSW Energy

Tata group, Adani, CESC may join the race to buy BSES companies

Clouding the valuation will be dues to generation firms and a possible CAG audit

Pension funds, PE may invest in renewable projects, roads after lockdown

Even as the lockdown has affected mergers and acquisitions (M&A) in various businesses, companies and deal consultants are certain that renewable power assets would be the first on the sale table.

Lockdown impact: Dip in electricity demand hits coal-fired power generation

During 2019-20, the average Plant Load Factor (PLF) tumbled to 55.5 per cent owing to a decline in power demand and increasing traction from renewable power sources

Covid-19 outbreak: For big electrical players, lockdown only a blip

Most of the firms that are dependent on government contracts are looking at a dry pipeline in the near term.

Covid-19 lockdown: Power demand may fall in FY21, first in 15 years

The stress in the power sector is likely to impact 25 Gw of capacity tied up in short-term sales.

Proposed electricity contract enforcement authority mired in confusion

Former regulators question its need, legal experts cite loopholes

Tepid power consumption in Chhattisgarh despite soaring temperature

Low industrial offtake cited as reason, as overall consumption is lower by 1,000 Mw this year

Covid-19 to further paralyse cash flow, coal supply chain of power units

Power demand continues to fall while surplus coal lies unused at their sites; non-pithead units impacted most

Bumps ahead

The inherent weaknesses of India's power sector are getting exacerbated in this scenario

Covid-19: Under Rs 18,000 cr loss, power discoms looking at a bleak future

The current lockdown period has hit the finances of the discoms with the high-paying industrial and commercial customers are shut for almost a month

Prices are same, but power companies look to foreign shores for coal

Distress purchase and Colombian shipments are some of the new sourcing strategies

Govt marginally reduces investments by seven power PSUs to Rs 44,468 crore

Satluj Jal Vidyut Nigam will invest Rs 2,880.00 crore in 2020-21 compared with Rs 1,200 crore budgeted for 2019-20

Budget 2020: Powermen red flag any 'privatisation' attempt by govt

To be named as Atal Distribution System Improvement Yojana (ADITYA), the scheme is likely to be introduced in Union Budget, since the previous Ujwal Discom Assurance Yojna (UDAY) is expiring in March

Power firms see industrial data centres as new-age demand drivers

Electricity consumption of such units is more than that of a small village

Adani Transmission wins project to develop a 400 kV substation in Mumbai

The project is likely to ease transmission congestion and carry more power to meet the city's future electricity needs