Power Producers

Power producer Continuum Green Energy files for Rs 3,650 crore IPO

The government is aiming to add at least 500 giga watts of clean energy by 2030 to reduce carbon emissions

Daewoo targets Rs 500 cr revenue by FY27, plans to launch over 100 products

Korean brand Daewoo on Tuesday said it has set the target of achieving a revenue of Rs 500 crore by FY27 from India business and plans to launch over 100 products across multiple categories. Besides, the company is also looking to launch its own branded stores across the country, and aims to open 130 outlets by 2025-2026, it said. Daewoo, which re-entered the Indian market in October last year, has a diverse portfolio ranging from power and energy products such as batteries, solar panels, and inverters to consumer electronics items, including LED TVs and kitchen appliances. According to the company, the consumer durables market in India presents a substantial growth opportunity, as penetration levels remain relatively low with only 18 per cent of households owning air-conditioners and 33 per cent refrigerators while the washing machine ownership stands at 80 per cent. Daewoo aims to fill this gap with innovative, high-quality products that align with the changing lifestyle needs of

JSW Energy makes short-term bets on India's power sector as demand rises

JSW Energy plans to light up the first unit of its Ind-Barath asset this month and the second by the end of FY24

Power sector dues to coal companies over Rs 20,000 cr for supply of fuel

Increase in outstanding dues of the coal mining public sector undertakings impacts the working capital and cash flow position of coal companies

Power producers owe Rs 16,629.41 cr to Coal India for fuel supplies: Govt

Outstanding dues payable by power producers to Coal India for fuel supplies have increased by Rs 3,293.50 crore to Rs 16,629.41 crore since March 31, 2022, Parliament was informed on Monday. "The outstanding dues payable by power sector for the coal sales by Coal India Ltd (CIL)" were Rs 13,335.91 crore as of March 31 last year, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha. The figures are provisional. Further, the minister said that increase in outstanding dues of the coal mining PSUs impacts the working capital and cash flow position of the coal company. CIL, which accounts for over 80 per cent of domestic coal production, is a major supplier of dry fuel to electricity generating plants. Amid the early onset of summer and a pick-up in industrial demand for electricity, CIL had last week said that it is geared up to meet the demand for dry fuel from the power sector. The public sector coal producer had also expressed its hope to supply 156 million tonne

Bangladesh pvt power producers seek $1bn foreign currency to import fuel

Analysts expect power cuts in Bangladesh to worsen this year, as a rapid decline in the value of its currency and foreign exchange reserves have limited its ability to import power generation fuels

CERC compensates coal-based power producers for higher running cost

Power regulator Central Electricity Regulatory Commission (CERC) has decided to fully compensate the power producers running imported coal-based plants for higher running costs required for supplying electricity under forced circumstances. The CERC order will come as a relief for imported coal-based power plants which ran to full capacity under the directions of the Ministry of Power for meeting demand. The CERC in an order on January 3, 2023, said, "In order to ensure that the Petitioner maintains and operate its plant to generate power for supply to the Procurers in compliance with the directions of the MoP (Ministry of Power) under Section 11(1) of the Act, the Commission under Section 11(2) of the Act is required to compensate the Petitioner to cover the cost plus a reasonable margin of profit." The order was passed by the CERC on a petition filed by Tata Power Company Ltd. The MoP in its letter on May 5, 2022 issued directions under Section 11 of the Electricity Act asking the

SJVN reports 78% rise in Q1 net profit to Rs 609 cr on higher revenues

The company's total income rose to Rs 1,072.23 crore in the latest June quarter from Rs 704.90 crore in the same period a year ago.

UltraTech profit falls 7% due to increased fuel and power costs hit

It still beat Q1 estimates despite decline on both YoY and sequential bases

21 of the 34 states and UTs record rise in discom dues in last two years

Independent power producers and renewable energy providers account for three-fourths of owed amount

Delhi witnesses rise in power demand in 2021 after a dip in 2020

On a day-to-day basis, Delhi saw a rise in power demand on 227 days of 2021 compared to similar days of 2020, implying that on 61 per cent days of 2021, Delhi needed higher power than what was needed

Captive power producers urge govt to ensure normal coal supplies

The Indian Captive Power Producers' Association (ICPPA) alleged that independent power producers did not build up the required inventories which led to the supply crisis

Discoms' outstanding dues to gencos rise in Oct to Rs 93,609 cr

The overdue amount is the outstanding that has not been paid even after the expiry of 45 days grace period after bill generation

Delhi recorded highest ever peak power demand in November this year: BSES

However, BSES authorities said that they are fully geared up to ensure adequate power availability during the winter season

Power producers can now replace thermal with renewables under existing PPAs

The Ministries of Power, and New and Renewable Energy have revised the relevant norms as part of the larger efforts to have 500 GW of clean energy generation capacity by 2030

Coal India arm provides 76.6% coal to power producers in current month

Coal India Ltd (CIL) accounts for over 80 per cent of the total domestic coal output.

Jharkhand to ink pacts with power producers for 3,040 MW electricity

Jharkhand government is in the process of finalising pacts with several power producers for sourcing 3,040 MW electricity, an official statement said

Clean energy bid can help states with huge bills for subsiding power

Building community-sized renewable energy plants and shutting down old coal plants is a workable solution, say experts.

Electrifying game: Private power producers turn up investment cycle

Tata Power, for instance, has reduced its consolidated net debt by Rs 11,400 crore in the last three years to Rs 36,559 crore as on March 31, 2021

Power market trades 6,540 MU in May amid coronavirus lockdowns

The term-ahead market comprising intra-day, contingency, daily and weekly contracts traded 383 MU during the month.