Power Sale

ADB to give $200 mn loan for U'khand climate resilient power system project

Government of India and the Asian Development Bank (ADB) on Wednesday signed an agreement for a USD 200 million loan to improve the quality, efficiency, and reliability of power supply in Uttarakhand. The signatories to the loan agreement for the Uttarakhand Climate Resilient Power System Development Project were Juhi Mukherjee, Joint Secretary, Department of Economic A?airs and Hoe Yun Jeong, Deputy Country Director and Officer-in-Charge of ADB's India Resident Mission, for ADB, the finance ministry said in a statement. "The ADB funding for the project will strengthen power system infrastructure and help Uttarakhand in achieving its goal of providing 24x7 power to its residents," said Mukherjee after signing the loan agreement. "The project will enhance the power system network's capabilities, facilitating the seamless integration and transmission of renewable energy to load centres. Simultaneously, it involves upgrading the distribution system to minimize power outages and reduce

Delhi sold power in October despite low generating limits, shows data

On October 20, Delhi sold 635 Mw on the day-ahead market

Little-known solar firm gains traction, unseats NTPC in Madhya Pradesh

MP govt cancels PSA signed after record low bids in two solar parks

Adani Power gets approval to set up 1,320 MW plant in Madhya Pradesh

Pench Thermal Energy has signed a power purchase agreement with MP Power Management Company Ltd (MPPMCL) for procurement of 1,320 MW of electricity on long-term basis

Ministry sets up high-level group to study power purchase-sale mechanism

Union Ministry of Power has formed a high-level group to study the present system of power purchase and sale under the Power Purchase Agreement (PPA) including power trading, the Lok Sabha was informed on Thursday.In a written reply, Union Minister of State (IC) Power, New & Renewable Energy, and Skill Development and Entrepreneurship R K Singh said: "The group will also explore the system of power markets globally and make recommendations for changing the structure and system of power purchase and sale in the country including reforms needed to encourage investments, efficiency, and competitiveness in power markets.""As per the provision of Electricity Act, 2003, the Ministry of Power has already issued Competitive Bidding Guidelines for long term, medium-term and short term power procurement by Distribution Licensees. As mandated in Tariff Policy, all future power procurement by Distribution Licensees in states to be done through tariff-based competitive bidding only," he ...

Short-term power sale prices plunge to record low, volume at decade high

The volume of short-term power trade has increased to 20,975 million units