Page 12 - Power Sector

Power Grid Corporation stock surges 5% on bagging 3 transmission projects

Further, on Wednesday, Power Grid board approved a proposal to raise up to Rs 12,000 through the issuance of bonds in one or more tranches in FY25.

This Madhuri Kela-owned stock has surged 59% in 12 days; up 729% in 1 year

Transformers and Rectifiers (India) hit the 5 per cent upper circuit on Tuesday after the company reported 4-fold jump in Q4 net profit at Rs 35.95 crore.

IREDA surges 13% on heavy volumes; zooms 32% in 1 week post FY24 biz update

Further, both the BSE and NSE revised the circuit filter for the stock from 5% to 20% with effect from today.

Higher cash flows and moderate valuations to support Coal India stock

In FY24, CIL dispatched 618.5 MT (up 5.4 per cent Y-o-Y) to the power sector (vs committed volume of 610 MT). The power sector thus accounted for 82 per cent of total dispatches

Solar manufacturing challenge

Local manufacturing is being pushed through a combination of incentives for manufacturing and disincentives for imports

Govt pulls all stops to ensure smooth power supply this summer: R K Singh

The government has asked all power plants to operate at full capacity as it pulls all the stops to meet peak electricity demand in the searing summer season, Power Minister R K Singh said on Thursday. With the meteorological department forecasting a harsh and long summer, the government has asked all plants that are shut for maintenance or other reasons, to quickly start operating and harness surplus power available at generating stations dedicated to specific users. The government is also ensuring that thermal power plants - the backbone of India's electricity supply - have enough coal stocks to last through June and has asked all units to offer their uncontracted or surplus power in power exchanges. In an interview with PTI, Singh exuded confidence of meeting peak summer demand without any disruption. He said, "We are mobilising our entire capacity whether it is thermal, hydro, renewable or gas-based. So I think we will meet the demand." The Ministry of Power has projected a pea

Power stocks fire up; Adani, NTPC, JSW, ABB, Siemens hit new highs

The S&P BSE Power power index hit a new high of 7,112.42 in the intraday trade. Thus far in the calendar year, the index has rallied 22 per cent

Adani Power revives old ambitions as power demand surges in India

At present, the largest power producer in the country is NTPC with 75 Gw capacity and the largest private sector player is Adani Power, with Tata Power a close second

India's power consumption subdued at 1.4% to 129.89 bn units in March

India's power consumption growth remained subdued at 1.4 per cent to 129.89 billion units (BU) in March as compared to the year-ago period mainly due to pleasant weather, according to government data. In March 2023, power consumption stood at 128.12 BU, lower than 128.47 BU recorded in the same month a year earlier, the data showed. The highest supply in a day (peak power demand) rose to 221.70 GW in March 2024 as opposed to 208.92 GW in March 2023 and 199.43 GW in March 2022. Experts said power consumption as well as demand growth remained subdued in March as the weather remained pleasant across the country and people did not feel the need for heating or cooling appliances, especially in north India. The power ministry has estimated around 260 GW of peak demand during summer. The experts said power demand as well as consumption will see robust growth April onwards with the onset of summer. The power ministry had estimated the country's electricity demand to touch 229 GW during s

NTPC records highest-ever power generation of 422 bn units in FY24

State-owned power giant NTPC on Sunday said it has logged an all-time high annual electricity generation of 422 billion units in 2023-24. During 2023-24, the NTPC coal stations recorded a plant load factor (PLF, or capacity utilisation) of 77 per cent, NTPC said in a statement. According to the statement, NTPC Ltd, India's largest power generating company, recorded its highest-ever yearly generation of 422 billion units in 2023-24, registering a growth of nearly 6 per cent over 2022-23. The company had on September 1, 2023 recorded the highest-ever single-day generation of 1,428 million units. The stellar performance of NTPC units is a testimony to the expertise of NTPC engineers, operation and maintenance practices, and robust systems, the statement added.

NTPC shuts down operations of 220 MW Barauni Stage-I project permanently

State-owned power giant NTPC has closed down its Barauni Thermal Power Station Stage-I of 220 MW permanently. NTPC is India's largest power utility with a total installed capacity of 75,418 MW (including JVs), according to its official website. "Operation of NTPC Barauni Thermal Power Station Stage-I (2x110 MW) comprising of two Units (Unit 6 & 7) of 110 MW each (along with all Auxiliary systems except CHP, Switchyard, Ash Dyke and Township) shall be permanently discontinued w.e.f. 31st March 2024," a regulatory filing said on Saturday. Established in 1975, NTPC aims to become a 130 GW firm by 2032. NTPC acquired Barauni Thermal Power Station (720 MW) in District Begusarai, Bihar, from Bihar State Power Generation Company on December 15, 2018. At the time of acquisition, the 720 MW coal-based power station has 2 units of 110 MW each (under R&M-renovation and modernisation) and 2 units of 250 MW each (under construction). The plant comprised of Stage-I (2x110 mw) and Stage-II .

Adani Energy mulls borrowing up to $600 mn for smart meter projects

The Indian power distribution company is in talks with a group of global lenders, with the foreign currency loan's tenor likely to be around three to five years, the report added

Torrent Power gets order to supply 150 MW renewable energy for Rs 1,825 cr

Torrent Power on Thursday said it has received a letter of award from its 'Distribution Unit' for setting up a 150MW wind solar hybrid project with an investment of Rs 1,825 crore. The renewable energy project will supply power at a tariff of Rs 3.65 per kWh, a BSE filing stated. "...the company has received Letter of Award from Torrent Power Limited-Distribution Unit for setting up of 150 MW (RE Power) Grid-Connected Wind Solar Hybrid Projects under Greenshoe option," it stated. The project will be commissioned within 24 months from the signing of Power Purchase Agreement (PPA). The contract for supply of power will be 25 years from the commissioning of the project. The annual CUF (capacity utilisation factor) will not be less than 50 per cent for any year during the term of the PPA and rated power capacity of wind and solar will be in the ratio of 2:1. To meet the 50 per cent CUF requirement, the company plans to install 245 MW of wind and solar capacity projects against a ...

Israel, Cyprus move forward on construction of underwater electric cable

In addition to the cable project, the ministers also discussed various initiatives for the development of natural gas transmission infrastructure in the Eastern Mediterranean region

CIL tops annual growth target, achieves 610.8 MT supply to power sector

Coal India Ltd (CIL) has surpassed its annual supply target of 610 million tonnes to the thermal power sector, achieving 610.8 MT till March 27, a company official said. This marks the highest coal supply till date to the power sector, he said. CIL's coal supply to the sector rose by 29.3 million tonnes in absolute volume terms compared to the corresponding period last fiscal, he said. The miner's current average daily supply to coal-fired plants stands at 1.76 million tonnes, reflecting the growing demand from the power sector, according to a company statement. CIL is aiming at boosting production in the wake of the estimated peak demand for electricity of 250 GW this summer. In 2022-23, offtake to power plants reached 586.6 million tonnes, surpassing the commitment of 565 million tonnes, the official said. As per data, coal stock at domestic coal-based power plants stood at 47.1 million tonnes as of March 26, an increase of 13.7 million tonnes as against the corresponding perio

Bhel gets Rs 4,000 crore order for 1600 MW thermal project from Adani Power

State-owned engineering firm Bharat Heavy Electricals Ltd (BHEL) has received an order worth Rs 4,000 crore from Adani Power Limited for setting up the 1,600 MW Raigarh Phase-II Thermal Power Plant at Raigarh, Chhattisgarh. BHEL in a filing said that it received a Letter of Award on March 27, 2024, for the supply of equipment and supervision of erection & commissioning for 2x800 MW power project based on supercritical technology at Raigarh Phase II, Chhattisgarh. The boiler and Turbine Generator are to be manufactured at BHEL's Trichy and Haridwar plants respectively. The supply of Unit-1 will take 31 months and Unit-2 (35 months).

Reliance Power's two subsidiaries settle debt worth Rs 1,023 crore

Reliance Power on Wednesday said its two subsidiaries have settled debt worth Rs 1,023 crore with Authum Investment's arm Reliance Commercial Finance. Reliance Power Ltd's two subsidiaries -- Kalai Power Pvt Ltd and Reliance Cleangen Ltd, have signed a debt settlement and discharge agreement with Reliance Commercial Finance Ltd (RCFL), a wholly-owned subsidiary of Authum Investment & Infrastructure Limited, a regulatory filing said. In a stock exchange disclosure, the company informed that the value of total outstanding debt that has been settled stood at Rs 1,023 crore. The debt settlement with Reliance Commercial Finance came a few days after Reliance Power announced the sale of its 45 MW wind power project in Maharashtra to JSW Renewable Energy, for a consideration of Rs 132 crore. In December 2023, Kalai Power had sold the development rights of its proposed 1,200 Megawatt hydro-electric project in Arunachal Pradesh to THDC India Ltd for Rs 128 crore. According to a company ...

Adani Power gets CCI's approval to acquire Lanco Amarkantak Power

Fair trade regulator Competition Commission of India (CCI) on Tuesday cleared Adani Power's proposed acquisition of Lanco Amarkantak Power. Adani Power proposes to acquire 100 per cent share capital and control of the Lanco Amarkantak Power, pursuant to the corporate insolvency resolution process (CIRP) initiated under the Insolvency and Bankruptcy Code, 2016 (IBC), according to a release. Insolvent Lanco Amarkantak Power is engaged in the business of thermal power generation. On March 5, Adani Power announced it received the creditors' approval for the resolution plan to acquire insolvent Lanco Amarkantak Power. "The proposed transaction does not result in an appreciable adverse effect on competition in any plausible relevant market in India," CCI said. Adani Power is engaged in the business of thermal power generation in India. In another release, CCI said it has cleared the proposals of purchasing stakes in PharmEasy by various entities, including Ranjan Pai's MEMG Family Offi

Ministry to ensure 874 mn tonne coal supply for power sector in FY25: Joshi

The coal ministry is geared up to meet 874 million tonnes of anticipated coal demand for the power sector in 2024-25, Union Minister Pralhad Joshi said on Wednesday. For the financial year ending March 31, the Power Ministry had placed a requirement of 821 million tonnes, Joshi told PTI on the sidelines of the release of the 'PM Gati Shakti National Master Plan in Coal Sector' booklet. Their (power ministry's) demand has been met. They had asked for 821 million tonnes and it has been supplied, the Minister said. "For FY25, the power ministry has asked for 874 million tonnes of coal. We will fulfil this requirement also. We are going to cross 1 billion tonne coal production by this March," he said. The share of imported coal for blending purposes has gone down this fiscal compared to last financial year, Joshi said. In FY24, coal import for blending was around 22.20 million tonnes, while it was at 30.80 million tonnes in the financial year 2022-23, he said. Savings to the tune of

Coal ministry will fulfill 874 mn tonnes coal requirement in FY25: Min

The coal ministry is geared up to fulfill the 874 million tonnes coal demand for the power sector in financial year 2024-25, Union Minister Pralhad Joshi said on Wednesday. For the financial year ending March 31, the Power Ministry had placed a requirement of 821 million tonnes, Joshi told PTI on the sidelines of the release of 'PM Gati Shakti National Master Plan in Coal Sector' booklet. Their (power ministry's) demand has been met. They had asked for 821 million tonnes and it has been supplied, the Minister said. "For FY25, the power ministry has asked for 874 million tonnes of coal. We will fulfill this requirement also. We are going to cross 1 billion tonne coal production by this March," he said. The share of imported coal for blending purposes has gone down this fiscal compared to last financial year, Joshi said. In FY24, coal import for blending was around 22.20 million tonnes, while it was at 30.80 million tonnes in the financial year 2022-23, he said. Savings to the tune