GMR Infrastructure has reportedly restructured its energy business, which posted a net loss of 160 crore during Oct-Dec 2012 against a net loss of 84.3 crore a year ago, largely owing to fuel constraints. Until some time ago, there were no separate units for this segment, but now the company created several verticals so that complete responsibilities are on the head of th
Tag: Power
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Ministry wants panel to discuss gas supply to power plants
Union Power Minister Jyotiraditya Scindia asked AK Antony, Chairman of the Empowered Group of Ministers (EGoM) on 'Gas Pricing and Commercial Utilisation of Gas' to convene a meeting of the panel to restore natural gas supply to power plants. Scindia has called for the meeting as around 13 power plants with an aggregate electricity generation capacity of 5,200 megawatt are closed because of lack of g
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Haryana govt may explore legal option against CEA order
The order of the Central Electricity Regulatory Commission (CERC) allowing Adani Power to charge "compensatory" tariffs for electricity from its Mundra plant has not gone down well with Haryana government. The state government plans to take legal action against the CERC order as it feels that the order violates the p
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REC plans to mop up around Rs 350 bn in FY14
In 2013-14, Rural Electrification Corporation (REC)
plans to raise about Rs 35,000-37,000 crore from domestic as well as foreign sources. It may be recalled that the leading state-run infrastructure finance company in the power sector mopped up Rs 31,000 crore in 2012-13. Of the Rs 35,000-37,000 crore that the firm plans to raise in 2013-14, about Rs 5,000 crore may be raise
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Expert calls for steps to boost oil and gas output
Metis Business Solutions (Metis BSPL) is a leading analytical highlights, information and marketing intelligence provider for power and coal sector. S Ravishankar, Director - Energy Practice, Metis BSPL, feels that the government must introduce a long term plan to step up domestic oil and gas production by
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Gas price pooling may benefit power plants
According to industry sources, the cost of electricity would be less than Rs 6 a kWh if the price of imported natural gas is pooled with that of the domestic one. Further, gas price pooling would enable power companies to run their units at 50 per cent plant load factor, sources informed. Sources feel that the gas price pooling mechanism for power sector, if implemented, would result in a price of les
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Power industry demands gas price pooling
Industry players in the power sector demanded the union oil ministry to form a common natural gas price pool for core sectors such as power and fertilisers. They also asked the ministry to raise the domestic supply of natural gas for power plants by diverting 6 million standard cubic metre per day (mscmd) of gas being supplied to the non-core sector and reserving the new
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Fall in gas output at KG D6 hits RGPPL’s operation
Falling output at the Reliance Industries' (RIL) KG D6 basin affected natural gas supply to Ratnagiri Gas & Power's (RGPPL) 1,967 mw Dabhol power plant in Maharashtra. Consequently, power generation has been stopped at the plant since February 21. Following this, MahaVitaran, which procures 95 percent power, stopp
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Ministry aims to add 30 gw renewable energy capacity in 12th Plan
The Ministry of New and Renewable Energy aims to add 30,000 mw capacity during the 12th Plan period (2012-17) from various renewable energy sources. This information was given by Minister for New & Renewable Energy, Farooq Abdullah in Rajya Sabha recently. About 27,000 mw renewable power generation capacity has been installed in the country from various rene
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Coal India’s cost to rise owing to diesel price hike
Minister of State of Coal Pratik Prakash Bapu Patil informed Rajya Sabha that the rise in petrol and diesel prices will impact the cost of coal production in the country. The rise in diesel price would increase the cost of production of Coal India (CIL), which accounts for over 80 per cent of the domestic coal mining, by Rs 600 crore per annu