Page 37 - Power Sector

India will need to find jobs for additional 90 mn, says McKinsey report

The figures do not include 55 million women who may come back to the labour force to "partially correct the historical underrepresentation"

J-K Power Development Corp approves work plan of Rs 1,276.69 crore

The Jammu and Kashmir State Power Development Corporation (JKSPDC) on Wednesday approved a work plan of Rs 1,276.69 crore for the current financial year. In a meeting, the board of directors of JKSPDC maintained that hydropower is the most promising revenue generating sector of the UT and exploiting it optimally could address many of the woes of J-K. "The Board of Directors (BoD) of JKSPDC consented for an ambitious working plan for the year 2020-21 with an outlay of Rs 1276.69 crores for creation, renovation and maintenance of assets of the Corporation," an official spokesman said. The meeting was chaired by Baseer Khan, advisor to Lieutenant governor, and attended by senior officials of the corporation and government. The board decided that from here onwards the directors would meet every three months. It was also decided that all the accounting issues should be cleared within a month and balance sheets prepared and tabled in the next meeting, the spokesman said. The board of

Companies' total expenditure plummets 24% in three months to June

Some of this may have to do with pruning of some costs that they would have otherwise incurred, had business been normal; analysis looked at 402 firms that have declared June results

CG Power: Investors should keep an eye on progress in deal completion

A strong partner should help business growth; further gains hinge on pricing, deal completion

India's power output rises 2.6% in early Aug for first time in five months

Power generation from coal - India's primary source of electricity - rose 4.2% in the first fifteen days of August, the data showed

Peak power demand declines further by 5.65% in first fortnight of August

Peak power demand met, which is the highest energy supply during a day across the country, was at 167.49 GW in the first fortnight of August

1.5 million power employees to protest against privatisation on August 18

Warn of intensified agitation if Electricity (Amendment) Bill 2020 is not withdrawn

Sterlite Power offloads 14.7% stake in IndiGrid for Rs 840 crore

IndiGrid is India's first infrastructure investment trust in the power sector

NTPC profit slumps 6% in June quarter, income down at Rs 26,795 cr

The company's total income during April-June 2020 came down to Rs 26,794.68 crore, compared with Rs 27,353.36 crore in the year-ago period

PFC Q1 net profit up 23% to Rs 3,557 cr, income up at Rs 16,932.2 cr

The company had posted a net profit of Rs 2,899.74 crore during the same quarter a year ago, PFC said in a BSE filing

July coal import dips 43% to 11.13 MT on high stockpile at pitheads, plants

During April-July 2020, total coal imports were recorded at 57.27 MT, which is 35.76 per cent lower than 89.15 MT imported during April-July 2019

Power transmission sector to get investment worth Rs 1.8 trn by FY25: Icra

It said evacuation infrastructure for renewable energy (RE) projects will drive investments in the power transmission segment

Adani Transmission profit up 67% in June qtr, income drops to Rs 2,543 cr

The electricity distribution losses stood at 13.47 per cent in the quarter compared to 7.78 per cent in the same period last year

Adani Power Q1 pre-tax loss at Rs 634 cr on drop in electricity demand

Firm's PLF dips to 51% from 78% a year ago; net loss at Rs 682 cr

Adani Power loss widens to Rs 682.46 crore in June quarter on low demand

The company had posted a net loss of Rs 263.39 crore for the same period last year

Ratle hydroelectric power project to be revived soon: Jitendra Singh

The 850-MW Ratle hydroelectric power project in Jammu and Kashmir, work on which was stalled for the past six years, will be revived soon, Union minister Jitendra Singh said on Wednesday. The hydroelectric project is a run-of-river scheme located on river Chenab in Kishtwar district of the union territory. The preliminary work such as construction of access roads and diversion tunnels was started in 2013 but the work got stopped due to various issues cropping up between the then government of Jammu & Kashmir and the company to which the contract of the project had been awarded, according to an official statement. On the intervention and follow-up by Singh, the Union Ministry of Power has now, in consultation with the government of Jammu & Kashmir, made a revival plan for implementation of the power project, it said. A Memorandum of Understanding has been signed between National Hydroelectric Power Corporation (NHPC) and the government of J&K, the statement issued by the ...

Rothschild bullish on India, expects to close more deals in H22020

Domestic deal activity managed to remain in the green during the first half, thanks to the unprecedented stake sale by Reliance Industries in Jio Platforms, between April and June, worth nearly $15 bn

RPower, JERA ink loan agreement with banks for Bangladesh's power plant

Reliance Power and JERA, through their project company, are developing a new 745 MW natural gas combined-cycle power project in Meghnaghat in Bangladesh

CIL's coal allocation for non-power sector in Q1 rises 3-fold to 6.66 MT

Coal India accounts for over 80% of domestic coal production

Power demand to decline 8% in FY21, discoms' revenue to fall 13.1%: Report

According to the agency, the fall in demand is likely to result in a 13.1% YoY decline in revenue of discoms to Rs 6.8 trillion in FY21