Page 5 - Power Sector

Power sector PSUs' investments to rise nearly 21% to Rs 86,138 cr in FY26

The government has proposed to increase total investment by the nine state-owned power sector firms by nearly 21 per cent to Rs 86,138.48 crore in 2025-26 compared to the previous fiscal year. According to the Budget document, the Revised Estimate (RE) of investment by these nine firms is pegged at Rs 71,278.33 crore for 2024-25 while the budgeted estimate (BE) of Rs 67,286.01 crore. State-owned power giant NTPC recorded the maximum increase in investment to Rs 26,000 crore in the next fiscal year from RE as well BE of Rs 22,700 crore in 2024-25. Similarly, the investment by Power Grid Corp will be raised to Rs 25,000 crore in the next fiscal year from the RE of Rs 20,000 crore and BE of Rs 12,250 crore in 2024-25. The investment by SJVN Ltd will be Rs 12,000 crore in FY26 as against the RE of Rs 7,000 crore this fiscal year. The amount was fixed at Rs 12,000 crore in BE for FY25. The investment by the NHPC will also go up to Rs 13,000 crore in the next fiscal year from RE of Rs .

Union Budget 2025-26: Key challenges in power infrastructure outlined

The Budget presents a unique opportunity to revisit some of the key modernisation programmes, said Shardul S Fadnavis, Partner & Utility transformation leader, PwC India

NTPC, Power Grid, NHPC, other power stocks rise up to 7% in trade today

In 2024, solar power spearheaded this growth with addition of 24.54 GW, registering 33.47 per cent year-on-year (Y-o-Y) rise in its cumulative installed capacity to 97.86 GW in 2024

Power utilities likely to see moderate growth in Q3FY25 earnings

Global coal prices are down due to oversupply and weak demand in China

Reliance Industries, L&T, and JSW line up new energy projects for 2025

RIL, L&T, and JSW likely to either commercialise their clean energy businesses or commission new ones in the near term

India adds about 30 GW renewable capacity in 2024, 113% higher than 2023

India logged a record high renewable energy capacity addition of about 30 GW in 2024, more than 113 per cent higher than 13.75 GW recorded in 2023, according to the Ministry of New & Renewable Energy data. This assumes significance in view of India's ambitious plan to have 500 GW of renewable energy capacity in the country by 2030. Besides, India needs to add an average of 50 GW of renewable energy capacity per annum over the next six years to achieve its target. "Exponential growth from 13.75 GW in 2023 to around 30 GW in 2024, resulting in achieving nearly 218 GW now underscores India's growing commitment to clean energy and its progress in building a greener future," New & Renewable Energy Minister Pralhad Joshi said in a post on X. According to the ministry data, India had 35.84 GW of renewable energy capacity as of March 31, 2014. Since the fiscal year 2014-15, when the NDA government took the reins at the Centre, India recorded the highest renewable capacity addition of .

PVUNL to commission three 800 MW units in phase-1 by Dec this year: CEO

The three 800 MW units of phase 1 of Patratu Vidyut Utpadan Nigam Limited (PVUNL) in Jharkhand's Ramgarh district will be commissioned by the end of this year, an official said. The Patratu Vidyut Utpadan Nigam Limited (PVUNL), a joint venture of National Thermal Power Corporation (NTPC) and Jharkhand Bijli Vitran Nigam Limited (JBVNL). Chief Executive Officer (CEO) of PVUNL, R K Singh on Friday said that the year 2025 would be a year of development and achievements for Jharkhand and Ramgarh as all three units of the phase-1 project with 2,400MW capacity would be commissioned by December 2025. As per the MoU signed between NTPC and JBVNL, 85 per cent of power generated by PVUNL would be supplied to Jharkhand, which will likely to get over 2,000MW power from phase-1. An initiative has been taken for 2800MW capacity power plant project in phase 2, he said. "PVUNL feels happy to announce that three units of 800 MW each are to be commissioned by December 2025 while the first unit of 80

Working on replicating trusted source product rules for power sector: NCSC

The government is working on trusted source product rules for equipment used in the power sector, after implementing it for telecom networks, National Cyber Security Coordinator (NCSC) M U Nair said on Thursday. Speaking at a cyber security conference of industry chamber FICCI, Nair said the implementation of the National Security Directive on Telecommunication Sector (NSDTS) in 2021 has made telecom networks, which is the backbone of entire public digital infrastructure, safe. "I'm sure you would have seen that the US is having a lot of problems with telecom networks. Since 2021, our telecom networks are fairly protected from cyber security vulnerabilities because they have addressed this issue of supply chain. Now should it be replicated in other ministries? This is something which the government is working on with Ministry of Power, because our energy grids need to be protected," Nair said. The rollout of NSDTS has led to virtual ban on purchase of equipment from Chinese ...

REC looks to sell Rs 2,848 cr bad loans in Corporate Power with 98% haircut

REC's exposure to CPL is part of a term loan extended by a consortium of lenders, where its voting share is 19.55 per cent in the liquidation process

CRISIL analysis: Sprint towards power sector's 500 Gw of green energy goal

As of October 2024, India's non-fossil base, including solar, wind, large-hydro and other renewables, surpassed 200 gigawatt (Gw)

Millions in Cuba remain in dark after blackout as national grid collapses

Cuba blames the crisis on US sanctions, which complicate financial transactions and the purchase of fuel

UPPCL moots restructuring discoms as power losses top Rs 1.18 trillion

The losses pertain to all the five discoms functioning under UPPCL

Delhi discoms point to Rs 3,000 crore revenue gap, seek fair tariffs

Discoms in Delhi have filed petitions with power regulator DERC for a "cost-reflective" tariff to be announced for this fiscal, citing a combined revenue gap of more than Rs 3,000 crore in 2022-23. The Delhi Electricity Regulatory Commission (DERC) has started the process for determining power tariff for consumers for the 2024-25 fiscal. Electricity rates in Delhi have remained static since 2014. The commission has uploaded the options for the power companies on its website, seeking comments from stakeholders, including consumers, to consider while making a decision on the new rates. The petitions showed that the revenue requirement in 2022-23 was Rs 12,116 crore for BSES Rajdhani Power Limited (BRPL), Rs 6,141 crore for BSES Yamuna Power Limited (BYPL) and Rs 9,264 crore for Tata Power Delhi Distribution Limited (TPDDL). However, the revenue at the existing tariff was Rs 10,419 crore for BRPL, Rs 5,530 crore for BYPL and Rs 8,410 crore for TPDDL, resulting in a revenue gap of Rs

Andhra govt mulls next steps on Adani, if power deal can be scrapped

Andhra Pradesh's state government was digging into all the internal files from the previous administration, under which the alleged misconduct took place

Surprise solar boom in Pakistan helps millions, but harms grid & power cos

Driving the demand were households and factories producing everything from cement to apparel, who have suffered frequent blackouts in the past due to the unreliable grid

Torrent Power stock nears 5-month low; down 17% in Nov on poor Q2 show

Torrent Power shares slipped 5 per cent to Rs 1,507 and were trading at the lowest level since July 25, 2024.

​Should you dump Adani Green stock for NTPC Green IPO? What analysts say

Vneet Jaain, former chief executive officer at Adani Green Energy along with Adanis, prosecutors said, raised over $3 billion in loans and bonds by hiding their corruption from lenders and investors

NTPC Green Energy IPO opens today: How to trade NTPC, other power stocks

NTPC Green Energy IPO: Trading strategies for NTPC, Power Grid and other listed power stocks on the BSE, NSE.

High discom debt, losses hinder prospects of listing state power firms

As discoms pushed all the buttons to meet the record-high demand during FY23, their total debt rose to Rs 70k cr for funding their capex, working capital requirement, and operational losses

Time to assess impact of procurement reforms introduced three years ago

Various industry associations and chambers of commerce must stridently demand implementation across all levels and come up with their own impact analysis of these reforms