Page 32 - Power Sector

Power consumption grows nearly 19% in 1st fortnight of May: Govt data

This indicates recovery in industrial and commercial demand of electricity

PowerGrid Infrastructure Investment Trust ends debut trade at 3% premium

The IPO, which concluded on May 3, was subscribed 4.8 times. The IPO was priced between Rs 99 and Rs 100 per unit. The InvIT had raised Rs 7,735 crore

India adds 12.1 GW power generation capacity in FY21: Report

India added 12.1 gigawatt (GW) power generation capacity in 2020-21, of which 7.7 GW was from renewable energy sources, according to a report.

JSPL PAT jumps manifold to over Rs 1,900 crore in Jan-Mar quarter

Jindal Steel and Power Ltd (JSPL) reported manifold jump in its consolidated profit after tax (PAT) to Rs 1,900.51 crore during the fourth quarter ended March 2021, mainly on account of higher income

Betting on power: Insurers line up to invest in PGCIL and IndiGrid InvITs

The first power transmission InvIT of the country, IndiGrid, came out with a public issue of NCDs to raise up to Rs 1,000 crore last week

Performance-linked incentives fail to excite solar manufacturing firms

Domestic manufacturers could end up getting barely 3-5 per cent of the sale value of their solar cells and modules as incentives through this scheme

India's electricity generation falls 2.9% in second half of April

Electricity supply to Karnataka - home to India's tech hub Bengaluru - fell over 15%

Power ministry asks states to vaccinate power sector employees on priority

The Association of Power Producers has asked the power ministry to treat all operational staff across the electricity supply value chain as a priority category for vaccination

India's power consumption grows nearly 45 pc in first half of April

Power consumption in the country grew nearly 45 per cent in the first half of April to 60.62 billion units over the corresponding period a year ago

State-owned power giant NTPC to raise Rs 3,996 cr via bonds next week

The firm will issue non-convertible bonds on Tuesday

Power Ministry proposes reforms for short-term sale purchase of power

In future, the ministry is also looking at merging the DAMs of all power exchanges into one entity, which will oversee the trading of day-ahead bids for both renewable energy and conventional power

Discoms, state govts bet on storage technology to stabilise power supply

TPDDL, in 2019, joined hands with AES and Mitsubishi to set up a 10 Mw grid storage project at its Rohini sub-station

Rs 75,000 cr disbursement to discoms under special liquidity scheme

Under the scheme, govt-owned lenders PFC and REC extended special one time loan to discoms to clear their due to the power generating companies

Covid impact: India enters FY22 with power demand at mid-2019 level

Monthly demand has, nonetheless, shown considerable improvement over peak lockdown months, mostly on the back of thermal power

Best of BS Opinion: Backsliding without broadband, Covid-19 vaccine & more

Here's a selection of Business Standard opinion pieces for the day

Making power consumer a king

The Indian power consumer, in addition to being given the choice of buying green electricity only, might also get to choose the supplier soon.

Discom overdue increases 5.5-times in 5 states; disputes rising too

Bills worth Rs 12,856 crore were in dispute till January 2020, the amount has risen to Rs 15,098 crore.

Shadow over solar power

Punitive tariffs on components will cripple a growing sector

Outlook negative for power discoms due to falling revenues: ICRA

The outlook for electricity distribution segment remains negative with continued weakness in financial position of most state-owned discoms, according to a report by ICRA

NTPC withdraws load shedding regulation in Meghalaya: Minister

James P K Sangma on Wednesday said the NTPC has withdrawn "load shedding regulation" from all areas of the state