Page 34 - Power Sector

Moody's upgrades power sector outlook to stable on generation uptick

For the first 10 months of the fiscal 2021, power generation growth declined 2.9 per cent year-on, compared to earlier expectations of a minimum 4-5 per cent decline

Corporate air travel takes wing on economic revival, low Covid-19 cases

Online travel portals and airlines say the demand from companies is being led by essential services sectors like pharmaceutical, oil and gas, and power

New Bill set to amend the Electricity Act, end licence raj in power supply

Electricity Bill, 2021, will be tabled in the ongoing session

Tata Power third quarter net profit soars 22% to Rs 318 crore

The jump in profit came on the back of higher revenues

FinMin allows Andhra to borrow addl Rs 1,515 cr for power sector reforms

Madhya Pradesh has also undertaken reforms in the power sector

Adani Transmission December-quarter net profit up 128% at Rs 464 cr

Adani Transmission on Thursday posted a nearly 128 per cent rise in consolidated net profit at Rs 464 crore for the quarter ended December 2020. The consolidated net profit of the firm stood at Rs 204 crore in the quarter ended December 31, 2019, it said in a BSE filing. Total income dipped to Rs 2,734.04 crore in the quarter from Rs 2,835.72 crore in the same period a year ago. Gautam Adani, Chairman Adani Group, said, "The Power & Transmission sector has seen tremendous progress over the last two decades. Today, Government initiatives such as Saubhagya and the emphasis on renewables have significantly expanded electricity access." The next two decades promise to usher in new opportunities for the sector based on the resurgence of the economy post the pandemic and a positive investor outlook. Adani Transmission is fully equipped to co-create a future in line with the needs of a nation at the cusp of global renewable energy leadership, he added. Anil Sardana, MD and CEO, Adani ...

Govt proposes Rs 3.05 trn scheme to revive power distribution companies

The FM also proposed a framework to provide electricity consumers option to choose from service providers

Power employees to boycott work on Feb 3 against govt's privatisation

Intensifying stir against the Centre's privatisation policy, 15 lakh power employees of the country would resort to "work boycott" on February 3, the All India Power Engineers Federation (AIPEF) said.

Power demand hits all-time high on Saturday, indicating economic revival

Last week, Power Minister R K Singh had exuded confidence that power demand will cross 200 GW mark soon

RattanIndia Power reports Rs 66 crore loss in December quarter

The firm reported a consolidated net loss of Rs 66.09 crore in the December quarter

Power generation may further improve in fourth quarter: Ind-Ra

Power generation in the country would continue to grow in fourth quarter of this fiscal year, rating agency Ind-Ra said in a report

Investors bet big on Adani Green, but risk-reward outlook is open question

Share of AGEL, which is into solar and wind power, jumped over six times in 2020 versus a gain of 10% for the NSE's Nifty 100 Index - the first and only green energy company to do so in India

Coal India says geared up to meet surge in fuel demand from power sector

State-owned Coal India Ltd said that it is well geared to meet any surge in demand for coal from the power sector

Power demand at all-time high of 187.3 GW: Power Minister R K Singh

This highlights the growing strength of the economy, Singh said

Reliance Power third quarter profit increases 6% to Rs 52 crore

The profit rise was mainly helped by higher revenues.

Power demand touches all-time high of 185.82 GW, says Secretary S N Sahai

All-India power demand on Wednesday morning touched a record high of 185.82 gigawatts (GW)

FinMin allows Madhya Pradesh to raise Rs 1,423 cr through market borrowing

This comes after the state implemented power sector reforms

CERC plans to embrace AI, machine learning to improve functioning

First quasi-judicial body to strengthen its digital back-end

Budget 2021-22 wishlist: Here are the key challenges in power sector

The prices of short-term power traded on the power-exchanges remained steady over a moderate range (12%) during the year

Two BSES discoms pay Rs 400 cr in dues to NTPC-owned Aravali Power

Last week, NTPC served notices to six states and two Union Territories for non-payment of dues, saying it would shut off or restrict power supply if the discoms failed to clear their dues