Page 15 - Power Sector

T'gana HC dismisses KCR's plea against probe in power sector irregularities

In a setback to former Chief Minister K Chandrasekhar Rao, the Telangana High Court on Monday dismissed a writ petition filed by him seeking declaring the constitution of a Commission of Inquiry to go into alleged irregularities in the power sector during the previous BRS rule as illegal. A bench comprising Chief Justice Alok Aradhe and Anil Kumar Jukanti dismissed the petition filed by Rao. In his plea, the former chief minister sought to declare the Government Order issued by the Telangana government constituting the Commission of Inquiry to conduct a judicial enquiry on the correctness and propriety of the decisions taken by the then government on procurement of power from Chhattisgarh by Telangana power distribution companies and construction of Bhadradri Thermal Power Plant at Manuguru and Yadadri Thermal Plant at Damarcherla by TS GENCO as illegal. Rao, also known as KCR, sought the continuation of Justice (retd) L Narasimha Reddy as the head of the commission to conduct an ..

JSW Energy inks power purchase agreements for 1,325 MW renewable projects

JSW Energy on Wednesday said that it has inked power purchase agreements through its subsidiaries for wind and solar projects with a cumulative capacity of 1,325 MW. This includes 1,025 MW with Solar Energy Corporation of India Ltd (SECI) and 300 MW with Gujarat Urja Vikas Nigam Ltd (GUVNL), bringing the total locked-in capacity of the company to 13.6 GW, a company statement said. Sharad Mahendra, Joint Managing Director and CEO of JSW Energy, said in the statement, "PPAs collectively account for 36 per cent of our pipeline capacity and would enable us to fast-track our growth targets of achieving 20 GW capacity before 2030.

Power stations stocked with bumper coal supply as transport woes ease

While the domestic production of coal during these summer months has grown 8-10 per cent over last year, easing of transportation bottlenecks has been the real catalyst of change

Power outages persist in North India amid rising demand and heatwaves

Trouble could be mounting in the intra-state systems affecting power supply as states are still unwilling to bid out the lines at prices that would attract investors to upgrade capacities

PSPCL meets record power demand of 16,078 MW, says Punjab Power Minister

The Punjab Power Minister, who was addressing a meeting said that there are 13,340 11 kV feeders across the state out of which 6,954 feeders provide Agricultural supply

Maha should improve logistics, power supply for industrial growth: CII

Logistics infrastructure and cost of power supply have scope of improvement in Maharashtra for industrial growth, CII Vice President R Mukundan said on Saturday. Mukundan inaugurated the new office of CII Marathwada Zone chaired by Sunil Kirdak. "Last-mile connectivity is important for every industry to run their business smoothly. Improvement in logistics in terms of national and state highways should take place to keep investments coming. Where industry is less, we need more connectivity there," he told reporters. Efforts should be made to make the western region more competitive in terms of power supply and cost of power. There is a need to reduce the cost of power, he added. These two issues have been addressed well but there is a scope of improvement, Mukundan noted. On prospects of exports, he said, "If we need to export from here, we have to increase the number of airports and port facilities also". CII western region deputy chairman Rishi Kumar Bagla said, some airlines h

EESL ties up with APEPDCL to promote energy efficiency, conservation

State-owned Energy Efficiency Services Ltd (EESL) on Wednesday said it has partnered with Andhra Pradesh Eastern Power Distribution Company Ltd (APEPDCL) to promote the adoption of energy efficiency and enable energy conservation within the power distribution sector. Under the 'Energy Efficient Appliance Programme', the partnership will provide a comprehensive energy efficiency solution to both residential and institutional consumers of APEPDCL. The discom portal will raise consumer awareness about the energy efficiency solutions programme through web portal, text messages, and WhatsApp. "EESL has signed an agreement with APEPDCL to promote the adoption of energy efficiency and enable energy conservation within the power distribution sector. The agreement aims to provide access to energy-efficient solutions, extending the benefits of savings of electricity bills for consumers at a large scale," EESL said in a statement. "This partnership is poised to deliver substantial benefits to

India set to register biggest jump in coal-fired power in a decade

The world's most populous nation expects to add 15.4 gigawatts in the year through March 2025, the most in nine years

Industrial output grows 5% in April on good show by mining, power sectors

India's industrial production grew 5 per cent in April this year mainly due to good show by mining and power sectors, according to official data released on Wednesday. The factory output measured in terms of the Index of Industrial Production (IIP) witnessed a growth of 4.6 per cent in April 2023. India's Index of Industrial Production grew by 5 per cent in April 2024, an official statement said. The data released by the National Statistical Office (NSO) showed that the manufacturing sector's output grew 3.9 per cent in April 2024 against 5.5 per cent in the year-ago month. In April this year, mining production rose 6.7 per cent and power output increased 10.2 per cent.

How smart meters are powering change for companies, consumers in country

Devices help electricity firms in preventing leakages and improving revenue by providing real-time data

Stable policy, revenue visibility, regulated margins triggers for NTPC

The receivables situation may become significant, given the prior history of the power sector

Renewables, transmission to fuel power sector investment: Moody's

India needs $190-215 bn for 500 Gw renewable goal by 2030

Power stocks dip up to 19% on June 4; Adani Green, Adani Energy top losers

At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory

Best of BS Opinion: Using GST as consumption proxy, The ANC's choices, more

Here is the best of Business Standard's opinion pieces for today

Surge of free power raise red flags for green technology investors

For more than a million consumers, that meant getting free electricity to heat their homes or charge their vehicles

This smallcap power related stock zoomed over 100% from its March low

Shares of Techno Electric & Engineering hit a record high of Rs 1,218.75, and were up 9% on the BSE in Thursday's intra-day trade in an otherwise weak market on healthy Q4 performance.

India's peak power demand touches new record high of 246 Gigawatts

During the current year, May has witnessed several power demand records

Jefferies to Nuvama: These brokerage have raised NTPC target price post Q4

ICICI Securities stressed upon NTPC's position in the increasing total addressable market for power capex, benefiting from both conventional and renewables sectors

Electricity subsidies are getting done better

On-Budget subsidies create more gratitude in the voter

Power Mech Projects Q4 results: Net profit rises 13% to Rs 84 crore

Power Mech Projects Ltd on Monday reported a 13 per cent rise in consolidated net profit to Rs 84.41 crore for the March quarter on account of higher income. It had clocked Rs 74.57 crore profit after tax (PAT) in the year-ago period, the company said in an exchange. The company's total income rose to Rs 1,311.86 crore, from Rs 1,183.20 crore in January-March FY23. During the period under review, its expenses stood at Rs 1,189.69 crore, as against Rs 1,070.49 crore a year ago. The board of the company also approved a final dividend of Rs 2 per share for FY24. Hyderabad-based Power Mech Projects Ltd is into the power and infrastructure sectors.