It seems the power ministry may not succeed in convincing the finance ministry to reduce import duty on all forms of coal used in power plants to mitigate the impact of rising cost of imported coal on power sector. Increase in the cost of imported coal has threatened the viability of several power generation projects in the
Category: Power & New and Renewable Energy
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CEC rules out export of ore pellet from Karnataka
There is not question of allowing export of iron ore pellets from mines in Karnataka at this stage, the Central Empowered Committee (CEC), appointed by the Supreme Court, said to leaseholders at a meeting. It may be recalled that the apex court directed suspension of iron ore exports from the state in 2011. Further, the panel clarified that miners are not allowed to mine or dump ore in the overlapping areas, between two
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TN govt’s solar project yet to take off as clarity eludes
Lack of clarity on the implementation of incentives provided by the Tamil Nadu government affected the installation of rooftop solar power systems in households and industrial and commercial buildings. While the solar policy mandates industries and commercial entities to procure 6 percent of their power from solar sources, there has been no official com
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Delhi govt asks discoms to improve power supply
The Delhi government on May 22 pulled up the private power distribution companies and asked them to improve power supply urgently as several areas across the city were reeling under severe power cuts in sweltering heat. The Delhi Power Department said the city has more power than the current demand and blamed the long outages on local faults and other technical problems in the distribution network.
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Esssar Energy Holdings to exercise call option
In a move to consolidate non-public holdings of Essar Oil, Essar Energy Holdings, Mauritius exercised the call option to buy 32.95 million shares or 2.41 percent stake in the former from UK's Imperial Consultants and Securities. It may be recalled that on April 6, 2010, Essar Energy entered into an agreement with Essar Investment for the call option. Later, Essar Investment demerged its inves
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Chinese bank to lend Essar Energy in return for fuel
China Development Bank (CDB) agreed to lend $1 billion to Essar Energy in return for export of high-end Euro 5 grade gasoline and other petroleum products from the latter's Vadinar refinery to PetroChina. PetroChina is the listed arm of China National Petroleum (CNPC), the nation's largest oil company by production
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GVK Power has Rs 160 bn debt
GVK Power and Infrastructure sits on a total consolidated debt of Rs 16,000 crore, according to the earnings results released by the company. Although this is lower than the debt level of some other companies in the infrastructure sector, interest cost on the debt is a huge drag on the firm's balance sheet. GMR Infrastructure, which is a peer company of GVK,
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Govt to include panel suggestions for future JNNSM projects
Union ministry for New and Renewable Energy said it incorporated the suggestions given by an inter-ministerial committee to strengthen guidelines for selecting EPC contractors for projects under the Jawaharlal Nehru National Solar Mission (JNNSM). Following allegation of irregularities in implementing projects under JNNSM, the ministry set up the inter-minis
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Govt proposes separate power supplier, network provider
The Union Power Ministry is likely to float a discussion paper soon on a new business model where the power supplier and the electricity distribution network provider will be separate entities. The idea of segregating supplier and the entity that manages the power distribution network is primarily aimed at reducing losses of discoms and improve overall efficiency. The discussion paper on having "separate carriage and content (electricity)" model for the power sector is likely to be floated by en
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Govt to rope in firm for sampling imported coal
Unconfirmed reports indicate that the union government plans to invite bids from companies for monitoring quality of coal imported by domestic power plants. It may be recalled that domestic power plants complain about the poor quality of coal being imported from abroad as it leads to rise in carbon emission and also