Page 39 - Power Sector

Power consumption dips 9.74% to 106.48 bn units in June due to lockdown

The months of April, May and June this year witnessed low power consumption on account of lower commercial and industrial activities due to Covid-19-related restrictions

Unlock 1.0: High power bills irk consumers, celebs take to social media

Discoms start campaign to educate about provisional bills, urge self meter reading

NTPC registers 14% increase in PBT in FY20 amid low power demand

Gross power generation & PLF witness fall, income rises by only 9%

Why smart meters are imperative for discoms

The Covid-19 crisis is also an opportunity for accelerating the rollout and adoption of smart metering

Power sector hopes for reforms at state level as Centre curbs imports

Given the federal structure in the power sector, most states float tenders different from the Centre and adopt separate selection criteria, mostly tilting towards low cost.

Adani Power buys 49% stake in Odisha Power Generation Corp from US firm

Odisha holds the balance 51% in OPGC which operates the 1,740 Mw thermal power plant at Banharpalli in Jharsuguda

Extensive power infra being built for largest Covid-19 facility in Delhi

The rising number of coronavirus cases in Delhi has necessitated an urgent need to increase hospital beds and isolation facilities

Power demand slump narrows marginally to 9.76% in third week of Jun

The slump in power demand in the first week of the June was recorded at 19.7 per cent. However, the decline so far is still higher than 8.8 per cent recorded in May.

From thermal to solar units, China dominates India's power sector

Barring a few, all privately-owned thermal power units, roughly about 40,000 Mw, constructed over the past decade were built using Chinese equipment.

Central transmission utility hived off from Power Grid Corporation

Power Grid, as a CTU, is responsible for the wheeling of power generatedby power producers and involved in planning transmission systems and operations.

Tata Power sells shipping assets for $212.76 mn as it seeks to pare debt

In April, Tata Power received $110 Million from sale of its stake in South African joint venture Cennergi, which is to be utilised to repay loans in the June Quarter

Cool weather widens power demand slump to 19.7% in first week of June

The peak power demand met in May stood at 166.42 GW (recorded on May 26), which was 8.82 per cent less than 182.55 GW in the same month a year earlier

Internet speed to power: Weekly indicators show economy is picking up

Weekly economic indicators show a rise in economic activity in days leading up government announcing easing coronavirus lockdown

Discoms can now buy power on exchanges just an hour before delivery

Real time electricity market enables consumers, including distribution companies (discoms) and captive users, to buy power on exchanges just an hour before delivery

Power minister R K Singh asks Rs 3 trillion from finance commission

The minister informed the commission that the old schemes of the ministry are being amalgamated into a new scheme for which he requested Rs 3 trillion over five years.

PM Modi reviews power sector, says state-specific solutions needed

During the review, policy initiatives including revised tariff policy and the Electricity (Amendment) Bill 2020 to redress the problems afflicting the power sector were also discussed

Rs 90,000 cr discom package: Street anxious over impact on PFC and REC

While state government guarantee offers comfort, operational inefficiency may continue to impact debt servicing ability of electricity distributors, say experts; the two stocks are down 10-13 per cent

Covid-19 impact: JSW Energy puts GMR Kamalanga acquisition on hold

In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.

Covid-19 won't impact us, examining if we need pay cuts: JSW Energy CEO

The privatisation of distribution in Union Territories is a positive move by the government, says Prashant Jain, joint MD & CEO of JSW Energy

Power reforms won't electrify the sector

At best, the scheme can be viewed as a one-time measure, while the larger problem of insolvency of discoms remains