Page 16 - Power Sector

Met winter's record peak power demand of 1,631 MW: Tata Power-DDL

Tata Power Delhi Distribution Limited on Monday successfully met this winter season's record peak power demand of 1,631 MW without any network constraint and power outage, the company said in a statement. The company is expecting the peak demand to breach 1,800 MW this season and has made long-term power tie-ups to meet the requirement, it added. "Our power-supply arrangements during the winter months include long-term agreements with power plants like Maithon Power, Jhajjhar Power, SJVNL, THDC, NTPC stations, Delhi-based gas-fuelled generating stations and other solar and wind tie-ups made by Tata Power-DDL," it said. In 2022-23, the winter peak demand stood at 1,750 MW, while in 2021-22 and 2020-21, it was at 1,620 MW and 1,572 MW respectively. Tata Power-DDL is adequately prepared for the winter season and has been working towards strengthening its power network and conducting preventive maintenance and condition-based maintenance of all critical electrical installations, the ..

Reliance Power to sell 1,200 MW Kalai II hydropower project to THDC India

Reliance Power has inked an agreement to sell its 1,200 MW Kalai II hydroelectric project in Arunachal Pradesh for Rs 128.39 crore to THDC India. The purpose of entering into the agreement was to monetise the hydroelectric power project, Reliance Power said in a regulatory filing on Sunday. According to the filing, the Governor of Arunachal Pradesh, Kalai Power Private Ltd (a subsidiary of the company), and THDC India Ltd (THDC) have inked an agreement in this regard on December 30, 2023. Under the pact, there will transfer of the development rights and associated physical assets, studies, clearances, designs and intellectual properties of the proposed 1,200 MW Kalai-II hydroelectric project located at the Lohit river basin of Arunachal Pradesh to THDC for an aggregate consideration of Rs 128.39 crore, subject to certain indemnities, representations and covenants, it stated.

RBI flags concentration risk among govt-NBFCs, all tied to power sector

The interconnectedness between NBFCs and banks in India has seen a rise due to NBFC's increased borrowings from banks, according to the report

Inox Wind, JSW Energy: Power stks soar over 100% in 2 months; time to sell?

Chart suggests that shares related to green and renewable energy may display mixed trend in early 2024, given the sharp rally seen in the last two months.

Managing portfolio: Stay with winners or make bets laggards in 2024

The start of a new year is also a good time to make bets on stocks that have been laggards and could potentially see a turnaround in their fortunes next year

Coal-based power generation rises 8.38% to 779.1 billion units in Apr-Nov

The domestic coal-based power generation increased 8.38 per cent to 779.1 Billion Units (BU) in April-November FY24 , an official statement said on Saturday. In the year-ago period, the domestic coal-based power generation stood at 718.83 BU. India's power generation increased 7.71 per cent in the period under review, the coal ministry said in a statement. The overall coal-based power generation witnessed a year-on-year increase of 11.19 per cent during the period on account of unprecedented rise in temperature, delayed monsoon in the northern region of the country coupled with the resumption of full commercial activities post-Covid. Coal import for blending decreased substantially by 44.28 per cent to 15.16 million tonne (MT) up to November in the current fiscal from 27.21 MT in the year-ago period, despite the escalating power demand. "This shows the nation's commitment to self-reliance in coal production and minimising overall coal imports," the ministry said. The government i

Union Minister RK Singh targets 43% reduction of emissions by 2030

While highlighting the crucial discussions held during the recently concluded COP28, Singh underscored that per capita emissions in India are among the lowest globally

REC, PFC, IRFC zoom over 200% in FY24. Time to exit PSU stocks?

A K Prabhakar, head of research at IDBI Capital, too remains selective and suggests investors exit power sector stocks such as REC and PFC where the run up has been sharp

IREDA soars 14% on heavy volumes; stock zooms 129% against issue price

The stock made its debut on November 29. During the past three decades, IREDA has been supporting all forms of RE -- solar, wind, hydro -- and even newer technologies.

Power stocks in focus; Tata Power m-cap hits Rs 1 trn, Torrent surges 11%

In the past one month, the S&P BSE Power index has surged 27 per cent, against 7 per cent rise in the S&P BSE Sensex.

Tata Power soars 6%; hits new high after 20 months on positive outlook

CRISIL Ratings expects Tata Power's consolidated adjusted Ebitda to be more than Rs 12,000 crore each in fiscals 2024 and 2025, against around Rs 11,500 crore in FY23 and around Rs 9,600 crore in FY24

Uttar Pradesh discoms estimate energy procurement of Rs 85,000 crore

State needs 145 billion units in 2024-25

BSE Power index surges nearly 5%; NTPC, Adani Power, ABB hit new peaks

In the past two months, the power index has surged 19 per cent, while in nine months, it zoomed 59 per cent.

Inox Wind soars 14% as promoter completes Rs 800 crore fund infusion

Inox Wind announced the completion of infusion of around Rs 800 crore (before taxes and fees) into the company by its promoter Inox Wind Energy Limited (IWEL).

Tata Power acquires Bikaner-Neemrana Transmission Project via bidding

Tata Power on Saturday said it has acquired Bikaner-Neemrana Transmission Project through a bidding process. Bikaner-III Neemrana-II Transmission Ltd is a special purpose vehicle (SPV) set up by PFC Consulting, for the project. The company has acquired Bikaner-Neemrana Transmission Project to boost renewable energy evacuation in India, a company statement said. The company received the letter of intent (LOI) after emerging as a successful bidder in the Tariff-Based Competitive Bidding (TBCB) process, as per the guidelines issued by Ministry of Power, it added. The project, which will be developed on a Build-Own-Operate-Transfer (BOOT) basis, will enable the evacuation of 7.7 GW of renewable energy from the Bikaner Complex in Rajasthan. The project entails establishment of a 340-km transmission corridor from Bikaner-III pooling station to Neemrana II substation. Tata Power will maintain the transmission project for a period of 35 years. It is estimated to cost Rs 1,544 crore and i

Strong earnings visibility for NTPC amid growing power demand in India

The share of electricity usage in energy has risen from 14 per cent in 2010 to 18 per cent in 2019

AIPEF demands probe into coal shortage at thermal power plants, imports

All India Power Engineers Federation (AIPEF) on Tuesday demanded an independent enquiry into shortage of coal at various thermal power plants as well as the imports of dry fuel in the country. The engineers' body also said the central government should bear the additional cost of coal imports by power generation utilities, according to an AIPEF statement. It said that certain entities are benefitting from rising coal imports and demand from a number of power producers leads to an increase in the price of the dry fuel in the international market. AIPEF chairman Shailendra Dubey said the term of reference of the enquiry should include who are the main beneficiaries of coal imports. According to AIPEF, imports of coal have increased after the government has made it mandatory for imported coal based plant to run with full capacity and instructed the domestic coal based plants to increase blending of imported coal from 4 per cent to 6 per cent. In March this year, the government issued

J-K admin to purchase additional 500 MW of power to meet winter demand

The Jammu and Kashmir (J-K) administration on Sunday approved the purchase of an additional 500 megawatts (MW) of power from the Centre to meet the winter demand, according to an official statement.As winter approaches, J-K face electricity scarcity because of a low proportion of hydropower in the Union Territory, as water reduces in rivers.So in order to meet the gap in demand and supply, the administrative council that met here under the chairmanship of Lt Governor Manoj Sinha approved the signing of a fresh Power Purchase Agreement (PPA) between J & K Power Corporation Limited and the NTPC regarding Singrauli-III power station run by the NTPC, the statement read.This will subside the energy demand in Jammu and Kashmir which is increasing at a compound annual growth rate of 10 per cent.Singrauli-II being a thermal power station is a must-run station and the electricity generated by it fulfils the demand of Jammu and Kashmir during winter when the generation from hydro generators

J-K PDD announces withdrawal of Electricity Duty to alleviate tariff hike

The decision, effective December 1, 2023, comes following the issuance of a new Tariff order by the Joint Electricity Regulatory Commission (JERC), Jammu and Kashmir

TPDDL signs MoU with PSSC for developing skill training programmes

Delhi discom TPDDL has signed a memorandum of understanding (MoU) with the Power Sector Skill Council to jointly undertake skill development training and capacity-building programmes for the power distribution sector in India and abroad, according to a company statement on Thursday. The MoU was signed by Praveen Agrawal, chief human resource, industrial relations, Tata Power Delhi Distribution Ltd (TPDDL) and V K Singh, chief executive officer of Power Sector Skill Council (PSSC), it said. The objective of the MoU is to provide a framework for cooperation between TPDDL and PSSC, facilitating the co-creation, development and imparting of courses for training and skill development for personnel in the power industry, state utilities and other organisations, the statement added. Agarwal said, "With a pre-established proficiency in on-site and off-site training domain, this MoU will enhance our training and research capabilities within the power sector with a specific focus on skill ...