Page 3 - Power Companies

Govt asks Coal India to be ready to import 12 million tonnes of coal

According to industry experts, the government is making all efforts to build up stock of coal to avoid the reoccurrence of power outrages which happened in April

Power ministry earmarks 81 thermal units to move coal to renewable by 2026

The list includes generation units of state-owned NTPC, and privately owned units of Tata Power, Adani Power, CESC, Hindustan Power

Policy flip-flop over coal import puts state, private gencos in a spot

CIL to import coal for states; working capital pressure worries IPPs

CESC consolidated net profit rises 3.7% to Rs 445 crore in March quarter

The consolidated net profit of the company was at Rs 429 crore in the quarter ended March 2021, a BSE filing said

State-run power gencos owe Rs 6,477.5 crore to Coal India Ltd

At present, the country is witnessing a power crisis on account of coal shortages

Power companies' shares attract investors on firm demand outlook

Shares of power distribution companies are in demand amid reports of rising electricity consumption in the country

SJVN upscales power generation capacity target to 50,000 MW by 2040

State-run power producer SJVN Ltd on Wednesday announced that it has doubled its target of installed electricity generation capacity to 50,000 MW by 2040. Nand Lal Sharma, the Chairman & Managing Director of SJVN, in a statement said that SJVN has upgraded its Shared Vision to 5,000MW by 2023, 25,000 MW by 2030 & 50,000 MW by 2040. According to the statement this revision has resulted from addition of multiple projects in its portfolio and an already established repute of successfully operating & implementing Mega Hydro Projects in India & abroad. After hydro, the company has successfully added varied business verticals and forayed into thermal, solar, wind power generation, power transmission and power trading. Earlier, Vision of 5,000 MW installed capacity by 2023, 12,000 MW by 2025 & 25,000 MW by 2040 was formulated and set out 31st Raising Day of SJVN on 24th May, 2018. During last three years, business development of the company has gained pace and made rapid .

20 states evince interest to avail additional borrowing for power sector

The Ministry of Finance had launched a programme in June 2021 to allow additional borrowing space of Rs 80,000 crore to states

PTC India net profit rises 1% at Rs 195 crore in September quarter

The company on Thursday posted a marginal rise in consolidated net profit

RattanIndia Power loss widens to Rs 464 crore in September quarter

The company on Wednesday reported widening of consolidated net loss

Energy exchange jumps 180% this year as India battles coal crisis

Indian Energy Exchange's platform is used by companies to power their short-term needs.

Power cost to remain high as imported coal prices soar: Ind-Ra

Short-term power prices are likely to remain elevated in the near term on account of a continued increase in imported coal prices, according to rating agency Ind-Ra. It noted that a large part of the increased power generation would continue to be met through coal-based plants, although coal output is not increasing to the desired level. This is reflected in low inventory stocks at power plants, and therefore, a part of the increased energy demand will have to be met through imported coal, Ind-Ra said. In light of the expected high imported coal prices, the short-term power prices in India are likely to remain elevated, it stated. The speedy recovery in power demand post the second wave of COVID-19 infections, coupled with lower than adequate domestic coal production, led to a reduction in coal inventory levels at various power plants, it said. The coal production by Coal India increased marginally to 209.2 million tonne (mt) in April-August period of the ongoing fiscal year as ..

Stocks of Indian power producers rally as electricity demand rises

Tata Power rose by as much as 9.6% to an nearly 14-year high, while Torrent Power, another private power producer, rose to a record.

Tata Power CEO Praveer Sinha on India's transition to renewable energy

Climate change has thrown up key challenges for power firms. In this exclusive interview, Tata Power CEO Praveer Sinha lists the issue facing the power companies how his company is addressing them

Tata vs Reliance: A two-front battle -- renewable energy and retail

Their renewable energy and retail plans offer contrasting strategies; if they pan out, the consumer is the guaranteed winner

Disputed decline in power dues

The amount of money that remained outstanding after 45-to-60 days of grace period given to the distribution companies fell to about Rs 67,300 crore, over 20 per cent lower than what it was a month ago

Power consumption grows nearly 19% in 1st fortnight of May: Govt data

This indicates recovery in industrial and commercial demand of electricity

Texas power cooperative files for bankruptcy, citing $1.8 billion grid debt

The largest and oldest electric power cooperative in Texas filed for bankruptcy protection in Houston on Monday, citing a disputed $1.8 billion debt to the state's grid operator

Discoms' outstanding dues to power gencos rise 24% to Rs 1.36 trn in Dec

The portal was launched in May 2018 to bring in transparency in power purchase transactions between the generators and discoms

Torrent Power highest bidder for Dadra Nagar Haveli, Daman & Diu discoms

UT of Dadra & Nagar Haveli and Daman & Diu carry annual revenue of Rs 4500 crore from roughly 150,000 consumers