Indian Power Sector News

Indian, VN companies in electricity sector meet - Viet Nam News

Fri, 14/09/2018 - 9:50pm

Viet Nam News

Indian, VN companies in electricity sector meet
Viet Nam News
HCM CITY – A B2B Meeting held by the Consulate General of India in HCM City on Thursday provided networking and partnership opportunities for Vietnamese and Indian businesses in the electrical and power sector. The event featured 14 Indian electricity ...

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Coal crunch faced by Indian non-power sectors to ease, not end - Creamer Media's Mining Weekly

Fri, 14/09/2018 - 6:22pm

Coal crunch faced by Indian non-power sectors to ease, not end
Creamer Media's Mining Weekly
KOLKATA (miningweekly.com) – The coal shortage faced by the nonpower sector is expected to continue, although a reversal of the trend may emerge toward the end of the month, Coal India Limited (CIL) chairperson Anil Kumar Jha has said. “A surge in ...

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Coal crunch faced by Indian nonpower sector to ease, not end - Creamer Media's Mining Weekly

Fri, 14/09/2018 - 6:22pm

Coal crunch faced by Indian nonpower sector to ease, not end
Creamer Media's Mining Weekly
“A surge in demand for coal at the start of the summer months this year forced CIL to divert supplies from sectors like cement, steel and aluminium to meet demand of thermal power plants,” he told the media after the company shareholders meeting.

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India must take critical minerals as part of its strategic growth agenda: EY - Economic Times

Fri, 14/09/2018 - 4:57pm

Economic Times

India must take critical minerals as part of its strategic growth agenda: EY
Economic Times
The plan targets to add 227GW of renewable power by 2022 with electric vehicles (EVs) expected to account for 30% of all new vehicles by 2030. While introduction of EVs and telematics is changing the landscape of the automobile sector, growth in ...

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Government may auction power contracts with coal supplies - Economic Times

Thu, 13/09/2018 - 11:32pm

Economic Times

Government may auction power contracts with coal supplies
Economic Times
A payment mechanism for private power companies will release Rs 15,000 crore dues owed to private power companies. The state-owned power generators have payment security mechanism with the Reserve Bank of India on its board. Private sector ...

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August records investments worth $1.6 bn across 50 deals; Power sector at top - ETEnergyworld.com

Thu, 13/09/2018 - 6:41pm

ETEnergyworld.com

August records investments worth $1.6 bn across 50 deals; Power sector at top
ETEnergyworld.com
“PE/VC activity continued its strong run with USD 1.6 billion investments received in August 2018. Till August-end, the sentiment towards India remained strong, with funds further adding to their dry powder, as evidenced by USD 2 billion raised during ...
Investments in Indian PE sector touches $1.6 billion in August - The ...The Hindu BusinessLine

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Supreme Court and government interventions may help to salvage only 13 GW of stressed power plants - Business Today

Thu, 13/09/2018 - 6:01pm

Business Today

Supreme Court and government interventions may help to salvage only 13 GW of stressed power plants
Business Today
The Supreme Court's stay on Reserve Bank of India's initiative on insolvency proceedings against stressed power assets may give a lifeline to about 13,000 MW of stressed power assets heading for insolvency, but it will be a herculean task to save ...

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India PE sector posts $1.6 billion of investments in August - The Hindu BusinessLine

Thu, 13/09/2018 - 3:19pm

The Hindu BusinessLine

India PE sector posts $1.6 billion of investments in August
The Hindu BusinessLine
From a sector point of view, power and utilities led with $532 million investments across two deals followed by real estate with $360 million invested across two deals. Financial services, which has seen many investments previously, recorded just $42 ...
August records investments worth USD 1.6 billion across 50 deals; exits at USD 830 million: ReportEconomic Times

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Has SC thrown a wrench in RBI's circular on resolution of bad loans ... - Business Standard

Thu, 13/09/2018 - 12:17pm

Business Standard

Has SC thrown a wrench in RBI's circular on resolution of bad loans ...
Business Standard
The Supreme Court has effectively stayed the implementation of RBI's February 12 circular till its next hearing in the matter on November 14, providing relief to ...

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Legal opinion sought to interpret SC order - Economic Times

Thu, 13/09/2018 - 11:42am

Economic Times

Legal opinion sought to interpret SC order
Economic Times
NEW DELHI: The government, bankers and private power companies are seeking legal opinion to interpret the Supreme Court's Tuesday order on the RBI's controversial circular because experts have diverging views on its implications on the resolution ...

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Some power firms taken to NCLT just before SC order - Economic Times

Thu, 13/09/2018 - 11:30am

Economic Times

Some power firms taken to NCLT just before SC order
Economic Times
MUMBAI: Lenders dragged a bunch of power companies to the National Company Law Tribunal (NCLT), signalling their intention to seek an early resolution to the issue of bad loans, just hours before the Supreme Court ordered status quo to be maintained ...

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Consumers feel the heat as private power firms face coal shortage - Daily News & Analysis

Thu, 13/09/2018 - 5:25am

Daily News & Analysis

Consumers feel the heat as private power firms face coal shortage
Daily News & Analysis
Rising stress in the power generation sector is not just affecting the private sector, but also making the tariff dearer for end consumers. There are several power plants owned and operated by the private players that are struggling to maintain even an ...
CoalWire 245, September 13, 2018End Coal (blog)

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CIL sets lofty output target - The Telegraph India

Thu, 13/09/2018 - 12:46am

The Telegraph India

CIL sets lofty output target
The Telegraph India
Calcutta: Coal India has set an "aspirational" production target of 652 million tonnes for 2018-19 with supply to the power sector estimated at around 525 million tonnes. "In the first quarter we have produced 15 per cent more compared with the first ...
Coal India may close 53 underground minesThe Hindu
Citing union pressure, Coal rolls back, puts on hold plan to let ...The Indian Express
CIL to shut 53 underground minesThe Hindu BusinessLine

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CIL sets lofty output target - The Telegraph India

Thu, 13/09/2018 - 12:46am

The Telegraph India

CIL sets lofty output target
The Telegraph India
Calcutta: Coal India has set an "aspirational" production target of 652 million tonnes for 2018-19 with supply to the power sector estimated at around 525 million tonnes. "In the first quarter we have produced 15 per cent more compared with the first ...
CIL sets 652MT production target, to close 53 UG minesBusiness Standard
Coal India may close 53 underground minesThe Hindu
BIZ-LD COALINDIABW Businessworld
The Hindu BusinessLine
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Reform that isn't - The Indian Express

Thu, 13/09/2018 - 12:01am

The Indian Express

Reform that isn't
The Indian Express
While the February 12 circular of the RBI was operative, the minister of power, on July 19, informed of the debt restructuring Samadhan scheme of State Bank of India to resolve stressed assets in the power sector. That scheme has come to naught. A ...

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Coal India may close 53 underground mines - The Hindu

Wed, 12/09/2018 - 9:37pm

The Hindu

Coal India may close 53 underground mines
The Hindu
CIL , which produced 580.3 million tonnes in 2017-18, is chasing a target of 652 million tonnes, Director-Marketing S. N. Prasad told the media, adding that of this, about 525 million tonnes will go to the power sector. He said that increasing ...
Citing union pressure, Coal rolls back, puts on hold plan to let private firms mine for saleThe Indian Express
CIL to shut 53 underground minesThe Hindu BusinessLine

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PFC sees no need for further provisioning as worst over, 89 percent ... - Moneycontrol.com

Wed, 12/09/2018 - 7:39pm

Moneycontrol.com

PFC sees no need for further provisioning as worst over, 89 percent ...
Moneycontrol.com
Power Finance Corporation on Wednesday said it sees no need to make further provisions to account for its stressed loans as the worst was behind it.

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CIL sets 652MT production target, to close 53 UG mines - Moneycontrol.com

Wed, 12/09/2018 - 5:39pm

Business Standard

CIL sets 652MT production target, to close 53 UG mines
Moneycontrol.com
Giving a fillip to the government's traget to supply more coal to the power sector, Coal India has taken an aspirational production target of 652 million tonne for 2018-19 against an initial target of 630 million tonne for the year. Supply to the power ...
CIL seeks Indian School of Mines' help to rationalise operations, costBusiness Standard
Coal India may close 53 underground minesThe Hindu
BIZ-LD COALINDIATHE WEEK
The Hindu BusinessLine
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CIL sets 652MT production target, to close 53 UG mines - Business Standard

Wed, 12/09/2018 - 5:30pm

The Telegraph India

CIL sets 652MT production target, to close 53 UG mines
Business Standard
Giving a fillip to the government's traget to supply more coal to the power sector, Coal India has taken an aspirational production target of 652 million tonne for 2018-19 against an initial target of 630 million tonne for the year. Supply to the power ...
CIL sets lofty output targetThe Telegraph India
Coal India may close 53 underground minesThe Hindu
Coal India to invest Rs 4K crore, to shut 53 underground minesThe New Indian Express
BW Businessworld -The Indian Express
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Panel on power mulls payment security mechanism for private players - Economic Times

Wed, 12/09/2018 - 5:30pm

Economic Times

Panel on power mulls payment security mechanism for private players
Economic Times
The state-owned power generators have payment security mechanism with Reserve Bank of India on its board. But there is no such system for private sector generators. Therefore, they often have to face delay in payments by discoms, which add to their ...
PFC sees no need for further provisioning as worst over, 89 percent of loan book stress-freeMoneycontrol.com

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