Page 25 - Power Sector

Rebound in power demand to fire up related stks over medium-term: Analysts

On the bourses, shares of Adani Power, Adani Transmission, CG Power, NHPC, NTPC, and Adani Green Energy have surged up to 61 per cent so far in FY23, ACE Equity data shows

Delhi's peak winter power demand rises to a record 5,526 MW amid cold wave

Delhi's peak winter power demand rose to a record 5,526 MW on Friday as a numbing cold wave swept the national capital, officials said. An official of the BSES said its power distribution companies are geared to ensure adequate availability for its around 47 lakh consumers (around two crore residents) during the winter months. "According to data, Delhi's peak power demand on Friday clocked 5,526 MW at 10.58 am, highest-ever recorded in the national capital during winter months. This is the third day in a row that Delhi's peak power demand has crossed the 5,000 MW mark," the BSES official said. The power demand had peaked at 5,104 MW last year and 5,021 MW in 2020. The peak winter power demand in BRPL and BYPL areas had reached 2,140 MW and 1,122 MW, respectively, during the last winter. Delhi recorded a cold wave for a second day on the trot on Friday, with the minimum temperature at Ayanagar in southwest Delhi plunging to a numbing 1.8 degrees Celsius, according to the India ...

Employees of 3 state-owned power Cos to strike from Jan 4 in Maharashtra

Unions of three state-owned power companies in Maharashtra have warned of a 72-hour strike from Wednesday to protest against privatisation of power companies, an official said on Tuesday. The strike has been called by Maharashtra Rajya Karmachari, Adhikari and Abhiyanta Sangharsh Samiti, an action committee of power company unions. "More than 30 unions of drivers, wiremen, engineers and other employees have come together to thwart the attempt of privatisation in the state-owned power companies," Krushan Bhoir, general secretary of Maharashtra State Electricity Workers' Federation told PTI. The Maharashtra State Electricity Distribution Co. Ltd (Mahavitaran), Maharashtra State Electricity Transmission Co Ltd (Mahapareshan) and Maharashtra State Electricity Generation Co Ltd (Mahanirmiti) are the state-owned power companies. Employees of these companies have been staging agitations since the last two to three weeks, while on Monday, 15,000 employees had staged a demonstration outside

CIL's supply to power sector up 11% to 433 MT in Apr-Dec period of FY23

CIL's coal supply to the power sector rose 11 per cent to 432.7 million tonne in the April-December period of current financial year. In the year-ago period, the supply was 390.2 MT. The supply to the non-power sector last month was 10.5 MT due to increased output. Coal India Ltd's output in April-December 2022-23 increased to 479 MT from 413.6 MT in the year-ago period. "To outdo the annual output target of 700 MT, CIL has to produce 221 MT in Q4 FY23 against 209 MT for comparable quarter last fiscal. Our production pace is already up and expected to rise higher. Another point in our favour is large quantities of over burden removal. We feel positive about scaling over the output target," the company said in a statement. The PSU excavated 1,154 million cubic metres (MCuM) of over burden removal (OBR) till December against 968.6 MCuM in the corresponding period last year. The PSU supplied close to 508 MT of coal to all consuming segments in April- December, registering a growth o

Kalpataru international arms secures new orders worth Rs 1,247 crore

Kalpataru Power Transmission Ltd (KPTL) and its international arms have secured new orders worth Rs 1,247 crore. The orders are in India and overseas markets in the T&D (transmission and distribution) business for Rs 1,247 crore, a company statement said. Manish Mohnot, Managing Director & CEO, KPTL, said in the statement, "With these new orders, we have further strengthened and consolidated our market position in India, Saarc and African markets. We expect T&D ordering momentum to remain robust given the thrust on renewables and upgradation of T&D infrastructure in India and International markets". KPTL's YTD (year-to-date) FY23 order inflows have crossed Rs 17,031 crore on a consolidated basis. The existing order book along with our diversified business mix provides good visibility for growth in coming quarters. It is one of the largest specialised EPC (engineering) companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil

Nepal's power sector may lose competitive advantage to India's new policy

Nepal's power sector fears that they will lose the competitive advantage in the Indian market following New Delhi's recent decision to waive off the Inter-State Transmission System (ISTS) charges to India's hydropower projects, a move they say will severely hit their exports. On December 2, India's Power Ministry announced a waiver of ISTS charges on wheeling electricity for 18 years for new hydropower projects. The waiver is already available to solar and wind power projects. The government has set an ambitious plan to have 500 GW of generation capacity from non-fossil energy-based sources by 2030. The waiver is applicable exclusively to domestic Indian power producers and power exported from Nepal is not entitled to this concession. In essence, this will make hydropower generated by Indian companies cheaper than what is being produced by Nepal, according to hydropower experts here. The waiver is already available for wind and solar projects. "This is an internal matter of Indi

Green hydrogen will not be limited by borders: ReNew Power Founder & CEO

'People are looking to get into the manufacturing supply chain, governments are looking at expanding transmission infrastructure,' said ReNew Power founder & CEO, Sumant Sinha

Tata Power plans to raise up to Rs 2,000 cr via bonds to finance biz ops

Tata Power's gross debt marginally rose to Rs 49,535 crore as of September this year, from Rs 47,590 crore as of March

IndiGrid, G R Infraprojects partner for transmission bids worth Rs 5,000 cr

Infrastructure investment trust India Grid Trust and G R Infraprojects have joined hands to bid for identified power transmission projects worth Rs 5,000 crore. "India Grid Trust (IndiGrid), India's first listed power sector infrastructure investment trust (InvIT) and G R Infraprojects Ltd (GRIL), one of India's leading players in Infrastructure sector, have announced a strategic partnership in the Indian power transmission sector," an IndiGrid statement said. An agreement has been signed to jointly bid for identified TBCB (Tariff Based Competitive Bidding) transmission projects aggregating to approximately Rs 5,000 crore, it stated. The power ministry has recently unveiled a plan for investment of Rs 2,50,000 crore in building transmission infrastructure for meeting the vision of 500 GW of renewable energy capacity by 2030 to meet its energy transition goal. There is a meaningful opportunity for private sector to participate in the journey of energy transition and shape the future

NCLT approves merger of Kalpataru Power Transmission, JMC Projects

Kalpataru Power Transmission Ltd (KPTL) on Wednesday said the National Company Law Tribunal has approved the merger of JMC Projects (India) Ltd with the firm, making it one of the country's largest listed engineering and construction companies. The combined entity will have a significant presence in India and projects in 67 countries, with offerings in well diversified areas of power transmission and distribution, buildings and factories, water, railways, oil and gas and heavy civil infrastructure. "Ahmedabad Bench of National Company Law Tribunal today approved scheme of amalgamation of JMC Projects (India) Ltd (JMC) with KPTL, leading to the creation of one of India's large listed diversified engineering and construction company with combined order visibility of nearly Rs 43,000 crores," a company statement said. The Board of Directors of KPTL and JMC approved the scheme of amalgamation in February 2022. Pursuant to the scheme, JMC's shareholders (other than KPTL) will be allotted

Power demand to fall in H2, gencos' receivables to go up: Fitch Ratings

The LPS Rules regulate access to power in case of non-payment of dues by discoms to gencos

TN power utility invites consumer organisations to air grievances

The Tamil Nadu Generation and Distribution Company (Tangedco) has convened a meeting with the voluntary consumer organisations functioning in the North Chennai area on December 31

Kalpataru Power Transmission bags Rs 1,397-cr new orders in India, abroad

Kalpataru Power Transmission Limited (KPTL) on Thursday said it has bagged new orders worth Rs 1,397 crore in the transmission and distribution (T&D) segment. The orders have been secured in India and overseas markets in the T&D business, KPTL said in a statement. "KPTL and its international subsidiaries have secured new orders/notification of awards of Rs 1,397 crores," it said. Manish Mohnot, Managing Director & CEO, KPTL, said these orders in addition to the orders declared earlier during the year have significantly enhanced the company's T&D order book and provide visibility for future growth. "With these new orders, our YTD (year to date) FY23 order intake has reached Rs 15,784 crores at a consolidated level," he added. KPTL is one of the largest engineering procurement and construction (EPC) companies engaged in power transmission & distribution, oil & gas pipeline, railways and civil infrastructure business.

Peaking gas and power units to run under special scheme next summer

Move aimed at handling peak demand, NTPC-GAIL to ink pact, PowerMin to fund the scheme

Net zero will radically change how we use and generate electricity

In BloombergNEF's baseline scenario, the Economic Transition Scenario, power consumption grows by about two-thirds between 2020 and 2050

Rs 2.44-trn plan for 500-Gw renewable energy transmission launched

Liberty to Renewable project developers to sell on Exchanges till Transmission comes up: Power Minister

IIT Madras generates power from sea waves, aims to go commercial by 2024

Innovation may help India achieve climate change-related goal of generating 500 Gw of renewable energy by 2030

NTPC Green Energy likely to get strategic investor by March next year

State-owned power giant NTPC is likely to get a strategic investor for its arm NTPC Green Energy Ltd by March 2023, which will help raise up to Rs 3,000 crore for implementing renewables projects in the country. "NTPC is in the process of roping in a strategic investor for its subsidiary NTPC Green Energy Ltd. The company wants to raise Rs 2,000 crore to Rs 3,000 crore through this transaction, which is likely to be completed during this fiscal year or by March 2023," a source said. The source told that some pension funds, equity investors and big firms had evinced their interest to invest in NTPC Green Energy Ltd. Thus the process of bringing a strategic investor for the subsidiary is expected during this fiscal year only. In view of NTPC's plan to have 60 GW capacity through RE (Renewable Energy) sources, constituting nearly 45 per cent of its overall power generation capacity by 2032, the company would require over Rs 2.5 lakh crore to achieve this ambitious target in next one ..

Japan begins power saving scheme amid supply concerns over possible crunch

Japan on Thursday began a power saving scheme in a bid to ensure a stable electricity supply throughout the winter months amid concerns over a possible power crunch

PowerMin invites bids to supply 4.5 Gw electricity during coming summer

Power to be supplied for five years, qualifying gencos to get coal under SHAKTI scheme