Power Project

Union Minister of Power and Housing & Urban Affairs, Manohar Lal Khattar on Friday ensured that no harm will be caused to any employee regarding the privatisation of power services in Chandigarh.He said that the welfare of the employees will be taken care of and it will be ensured that during privatisation, there is no threat to their jobs."...Regarding the privatisation of power services in Chandigarh, the matter was in the High Court. Two days ago, the High Court has given its verdict that privatisation can be done. The UT administration has to take further steps on this. Either it will start or there is an option to go to the Supreme Court. UT administration is pleading for privatisation. It will be ensured that no harm will be caused to any employee. The welfare of the employees will be taken care of and it will be ensured that during privatisation, there is no threat to their jobs...," said Khattar.Notably, the Punjab and Haryana High Court approved the privatization of the

Sri Lanka's new government led by Anura Kumara Dissanayake on Monday told the Supreme Court that it would reconsider the approval granted by the previous government to India's Adani Group for a wind power project. A five-member Supreme Court (SC) bench was told on behalf of the attorney general that the decision to review the project had been taken at a Cabinet meeting held on October 7. The final decision of the new government would be conveyed after the installation of the new Cabinet after the November 14 parliamentary election, the court was told. President Dissanayake in the run-up to the September 21 presidential election had pledged that his National People's Power (NPP) alliance would annul the project. The NPP claimed that the project posed a threat to Sri Lanka's energy sector sovereignty and promised that it would be cancelled in the event of their victory. The Adani Group was set to invest over USD 440 million in the 20-year agreement for the development of 484 megawat

The bench of Justices M M Sundresh and Aravind Kumar, however, refused to stay the Himachal Pradesh High Court order overturning a single-bench's decision

Indian High Commissioner Santosh Jha on Thursday handed over the first payment for the hybrid power projects on three Sri Lankan islands off northern Jaffna that are being implemented under Indian grant assistance of USD 11 million. The projects to install a hybrid renewable energy system in the Delft, Nainativu and Analaitivu islands are being implemented under Indian grant assistance. "HC @santjha handed over 1st payment for Hybrid Power Projects in Delft, Nainativu and Analaitivu islands to Secretary, Ministry of Power and Energy, Dr Sulakshana Jayawardena and Chairman, Sri Lanka Sustainable Energy Authority (SLSEA)," the Indian High Commission here said in a post on X. It said the project is aimed at addressing the energy needs of the people of the three islands that are not connected to the national grid. The three islets are located close to Tamil Nadu. The Memorandum of Understanding for the project was signed in 2022. It replaced the Chinese venture initially awarded the .

Avaada Group on Monday announced that it has inked an agreement to develop two pumped storage power projects with combined capacity of 2,750 MW, entailing an investment of Rs 14,000 crore. The agreement was signed between the Water Resources Department, Government of Maharashtra, and Avaada Aqua Batteries Pvt Ltd, a subsidiary of Avaada Group, in the presence of Maharashtra Deputy Chief Minister Devendra Fadnavis and Avaada Group's Chairman Vineet Mittal, according to a company statement. This agreement not only cements Avaada's role in Maharashtra's energy landscape but also underscores the company's unwavering commitment to advancing renewable energy across the state, the company said. The two projects include the 1,500 MW Pawana Falyan PSP in the Pune & Raigad districts and the 1,250 MW Kumbhavade PSP in the Kolhapur & Ratnagiri districts. With a total investment of approximately Rs 14,000 crore over the next 5-7 years, these projects are poised to play a transformative ...

In the first collaboration between rival billionaires, Mukesh Ambani's Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants' 500 MW of electricity for captive use. Reliance will pick up 5 crore equity shares in Mahan Energen Ltd, a wholly owned subsidiary of Adani Power Ltd, of face value Rs 10 at par (Rs 50 crore) and will use 500 MW of generation capacity for captive use, the two firms said in separate stock exchange filings. The two businessmen hailing from Gujarat have often been pitted by media and commentators against each other but they have for years tiptoed around each other to reach the top two rungs of Asia's wealth ladder. With Ambani's interests spanning oil and gas to retail and telecom and Adani's focus on infrastructure spanning sea ports to airports, coal and mining, they rarely crossed each other's path except in the clean energy business where the two have announced multi-billi

Himalayan projects need better regulation

State-owned hydro power giant NHPC on Thursday inked an initial pact with Nepalese utility Vidhyut Utpadan Company for developing a 480 MW Phukot Karnali hydroelectric project. "On 1st June 2023, a Memorandum of Understanding (MoU) has been exchanged between NHPC Ltd and Vidhyut Utpadan Company Ltd (VUCL), Nepal, in august presence of Prime Minister Narendra Modi and Prime Minister of Nepal Pushpa Kamal Dahal Prachanda' at Hyderabad House, New Delhi, for development of Phukot Karnali Hydro Electric Project (480MW) in Nepal," a company statement said. The Nepal Prime Minister is on a four-day visit to India, which began on Wednesday. The MoU was exchanged by RK Vishnoi, Chairman & Managing Director, NHPC, and VUCL Managing Director Surya Prasad Rijal. The signing of this MOU is a landmark step towards India-Nepal Joint Vision on Power Sector Cooperation. The project will use the flow from the Karnali River for power generation and the generated power will be fed into the ...

Power and New & Renewable Energy Minister R K Singh on Thursday said the government will crackdown on developers of power projects, who miss the scheduled commercial date of operation or deadline to complete the project. Addressing a CII conference, Singh said the electricity generation capacity addition is a big challenge, as people are sitting on several projects won under the bidding process. Singh said that all these projects (power projects) are won under the bidding process and if they miss the SCOD (scheduled commercial date of operation or deadline to complete the project), then the developer will be banned from participating in project bidding for one year. On the second such incident, the developer will be banned for five years, Singh said, adding that he is going to put this (rule) in (policy). Power project developers are waiting for demand to grow but this will not happen, he said. Singh also said that until battery energy storage becomes viable, India would have to .

This will lead to an increase in liquidity of such projects. It will also boost the country's overall growth and ensure the revival of various stressed power assets

State-run power giant NTPC has inked a pact with lectricit de France S.A. (EDF) for cooperation in international power sector.

Exim Bank of India said it has extended a $35.26 million loan for a power transmission project being executed by Kalpataru Power Transmission in Senegal

Suzlon Group has bagged an order from CLP India to develop a 252 MW wind power project at Sidhpur in Gujarat, a statement said

Pakistan has objections over India's intentions to construct a power project on the Chenab River in Jammu and Kashmir

While issues regarding tariff of Mundra plant and elevated debt are on the path of resolution, winning of electricity distribution licences in Odisha offers comfort

If the recommendations are implemented, the consumers will have to face the brunt of high power tariffs

A state-level green panel has recommended a stage-I forest clearance to Orissa Integrated Power for setting up a 4,000 mw ultra mega power project worth Rs 29,000 crore in Sudargarh district