Indian Power Sector News

Two million new jobs to be offered in wind energy sector by 2022: Suzlon Chairman Tulsi Tanti - ETEnergyworld.com

Wed, 04/07/2018 - 2:39pm

ETEnergyworld.com

Two million new jobs to be offered in wind energy sector by 2022: Suzlon Chairman Tulsi Tanti
ETEnergyworld.com
The country's total installed power generation capacity would have to grow to 850 Gw if the GDP grows at a rate of 6 per cent, according to Tanti. “And if we grow at 8 per cent then around 1,000 Gw will be required. So, both ... Tanti said key drivers ...

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Ind-Ra: Short-Term Power Prices Increase, Driven by Higher Demand - Business Standard

Wed, 04/07/2018 - 2:31pm

Business Standard

Ind-Ra: Short-Term Power Prices Increase, Driven by Higher Demand
Business Standard
Short-term prices shot up to INR4.67/kWh in May 2018 due to increased power demand. India Ratings and Research (Ind-Ra) has published the June 2018 edition of its credit news digest on India's power sector. The report highlights the trends in the power ...

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Short-term power prices increase driven by higher demand: Ind-Ra - Myiris.com

Wed, 04/07/2018 - 12:26pm

Short-term power prices increase driven by higher demand: Ind-Ra
Myiris.com
India Ratings and Research (Ind-Ra) has published the June 2018 edition of its credit news digest on India's power sector. The report highlights the trends in the power sector, with a focus on capacity addition, generation, transmission, merchant power ...

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Power sector in a limbo: Top posts in Coal India lying vacant - The New Indian Express

Wed, 04/07/2018 - 3:15am

The New Indian Express

Power sector in a limbo: Top posts in Coal India lying vacant
The New Indian Express
KOLKATA: At a time when the power sector is grappling with a severe coal shortage, it has come to light that the recruitment policy for top jobs in Coal India (CIL) and its group companies is in limbo. While at least six top-level post holders at the ...

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Questions over shot of energy for Indian power - Financial Times

Wed, 04/07/2018 - 1:36am

Financial Times

Questions over shot of energy for Indian power
Financial Times
The fate of billions of dollars in loans to India's distressed power sector will be decided in August. Power accounts for a large portion of all the problem loans that have clogged bank balance sheets for years, discouraging lenders — both private ...

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Domestic M&A hits all-time high at $77b - Financial Chronicle (press release) (blog)

Wed, 04/07/2018 - 1:31am

Domestic M&A hits all-time high at $77b
Financial Chronicle (press release) (blog)
India's outbound acquisitions focused on the Energy & Power sector as deal value reached $937.7 million, and captured 39.9 per cent of India's foreign acquisitions. Materials took second place and accounted for 22.6 per cent market share as deals ...

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RK Singh: 'Coal shortage situation will remain for 2-3 years; states allowed to import' - The Indian Express

Wed, 04/07/2018 - 1:03am

The Indian Express

RK Singh: 'Coal shortage situation will remain for 2-3 years; states allowed to import'
The Indian Express
Coal will continue to be a problem for 2-3 years till new mines are opened,” Singh stated at the conference of states' power ministers on Tuesday. Singh said that these mines will be opened when Coal India Limited (CIL) gets the environment clearances.

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Spot power prices dip 50 per cent as rains reduce demand - ETEnergyworld.com

Tue, 03/07/2018 - 4:16pm

ETEnergyworld.com

Spot power prices dip 50 per cent as rains reduce demand
ETEnergyworld.com
Prices have fallen from an average of ₹6.20 per unit at the end of May to ₹2.91 last week at the India Power Exchange. Price at 8 in the morning on Monday dipped to as low as ₹2.13 per unit, one of the lowest in recent times, although it rose to ₹3.60 ...

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Here's why solar tariffs touched all-time low of Rs 2.44 again - Moneycontrol.com

Tue, 03/07/2018 - 3:42pm

Moneycontrol.com

Here's why solar tariffs touched all-time low of Rs 2.44 again
Moneycontrol.com
Solar tariffs hit the lowest level of Rs 2.44 per unit for the second time in the latest 2000 MW auction conducted by the Solar Corporation of India (SECI), Economic Times reported. Solar tariff had dropped to Rs 2.44 per unit during an SECI auction ...
Solar tariffs once again hit all-time low of Rs 2.44 a unit at SECI auctionETEnergyworld.com

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Fresh investments dip sharply in Q1 after rising in previous quarter - Livemint

Tue, 03/07/2018 - 10:28am

Livemint

Fresh investments dip sharply in Q1 after rising in previous quarter
Livemint
... hopes of a quick economic recovery. Fresh data released by the project-tracking database Centre for Monitoring Indian Economy (CMIE) shows that Indian companies announced new projects worth ₹2.05 trillion in the quarter ended June, down 35% from a ...

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Important Government Announcements for India's Solar Sector in June 2018 - Mercom India

Tue, 03/07/2018 - 10:11am

Mercom India

Important Government Announcements for India's Solar Sector in June 2018
Mercom India
National. The Ministry of Power (MoP), Government of India, amended the competitive bidding guidelines for the procurement of power from grid-connected solar PV projects. The MoP has increased the land acquisition period from 7 months to 12 months.

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A sustainable switch to renewables - Financial Express

Tue, 03/07/2018 - 4:01am

Financial Express

A sustainable switch to renewables
Financial Express
This was primarily in response to the Electricity Act, 2003, which de-licensed thermal power generation and encouraged the private sector to take part. For the renewables part, India added around 33GW of renewable capacity, with wind accounting for ...

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CIL coal supply to power plants up 15 pc in Apr-Jun - The Hans India

Mon, 02/07/2018 - 1:37pm

The Hans India

CIL coal supply to power plants up 15 pc in Apr-Jun
The Hans India
"In a major boost to the demand driven power plants, CIL (Coal India Ltd) improved its supplies to power sector with a growth of 15.4 per cent, during first quarter, backed by a healthy 15 per cent growth in rake loading," CIL said in a statement. Coal ...

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India's FDI growth hit 5-year low in 2017-18 - ETEnergyworld.com

Mon, 02/07/2018 - 8:17am

ETEnergyworld.com

India's FDI growth hit 5-year low in 2017-18
ETEnergyworld.com
FDI is important as India would require huge investments in the coming years to overhaul its infrastructure sector to boost growth. Decline in foreign inflows could put pressure on the country's balance of payments and may also impact the value of the ...
The Great FDI HoaxNewsClick

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The five R's central to Indian bank NPAs - CNBCTV18

Mon, 02/07/2018 - 8:16am

CNBCTV18

The five R's central to Indian bank NPAs
CNBCTV18
Since the RBI launched the Asset Quality Review (AQR) in 2015, Indian banks have had to progressively reveal the true extent of their NPAs. These went up from 4.6 percent of advances in fiscal year 2015 (FY15), ... This is visibly improving with the ...

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Bringing banks back from the brink - The New Indian Express

Mon, 02/07/2018 - 7:49am

The New Indian Express

Bringing banks back from the brink
The New Indian Express
The perception of safety of deposits in public sector banks is because of an implicit guarantee that the main 'owner' or shareholder, i.e. the government of India, will never allow a PSB to go belly up. ... The power sector is another potential ...
The five R's central to Indian bank NPAsCNBCTV18

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Bangladesh is keen on buying renewable power from India - Business Line

Sun, 01/07/2018 - 8:19pm

Business Line

Bangladesh is keen on buying renewable power from India
Business Line
All this provides additional opportunities for Indian power sector players for whom Bangladesh has already emerged as a happening spot. However, the flip side is India's own power space growth has been rather muted with no new coal or gas-based ...

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MNRE to meet renewable project lenders to allay fears of low tariff - Financial Express

Sun, 01/07/2018 - 12:03am

Financial Express

MNRE to meet renewable project lenders to allay fears of low tariff
Financial Express
By 2030, considering the 6% increase in power demand, the country will need around 860 Gw of installed power generation capacity. ... The theory — low tariffs not being feasible — can be confounded from the solar generation unit in Rajasthan's Bhadla ...
Govt weighs reverse auction vs conventional bidding for renewable projectsBusiness Standard

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Final Session? 18 Days, 50-plus pending Bills - The New Indian Express

Sat, 30/06/2018 - 11:24pm

The New Indian Express

Final Session? 18 Days, 50-plus pending Bills
The New Indian Express
The 46-page gazette dated the law “enacted in the 46th year of the Republic of India”. The Act activated activists, and ... There is a tussle on between the government and the RBI on classification of NPAs in the power sector. One of the reasons for ...

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Quiet Flows Reforms In TN Power Sector, But Much More Is To Be Done - Swarajya

Sat, 30/06/2018 - 9:10pm

Swarajya

Quiet Flows Reforms In TN Power Sector, But Much More Is To Be Done
Swarajya
We don't face any major power failure and in a city like Chennai, we have no complaints,” says Aubrey Daniels, Regional Director, American Chambers of Commerce, India. Agreeing that reforms are taking place in Tamil Nadu's power sector, Tamil Nadu ...

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