Page 3 - Power

Relevance of hard power reaffirmed with Russia-Ukraine conflict: Army Chief

The Russia-Ukraine conflict has proved false the assumption of future wars being short and swift, and the relevance of "hard power" stands reaffirmed, Chief of Army Staff Gen Manoj Pande said and stressed on indigenisation of defence production and technological development. In his address at the 'PHDCCI DEF X TECH INDIA 2023' on Wednesday, he warned about the "legacy of unsettled borders" that India has and highlighted the "grey-zone aggression" concept, saying it is increasingly becoming a preferred strategy for conflict resolution. "The current Russia-Ukraine conflict provides some very valuable pointers. The relevance of hard power stands reaffirmed with land continuing to be the decisive domain of warfare and notion of victory still being land centric," he said while talking about the lessons learnt from the conflict. "The suppositions on duration of war I think needs to be reevaluated. Short, swift war which we have been talking of for some time now may prove to be a false ...

More steam left in NTPC stock; to be key beneficiary of rising power demand

India's largest generator will be a key beneficiary of increasing power demand, access to coal supply and focus on renewable energy

Peak power demand in Delhi likely to reach 8,000 MW in late June-July

Delhi government's power department has predicted that the peak load of the national capital may reach 8000 MW in late June or early July, an official statement said on Monday. Cabinet Minister Kailash Gahlot chaired a series of separate meetings with the Public Works Department (PWD) and the Power department, said an official statement. He discussed and reviewed various projects of the PWD and the 'Summer Action Plan' of the Power department. Gahlot chaired a separate review meeting with Discoms and Power department officials to assess the 'Summer Action Plan' for the uninterrupted supply of electricity during the upcoming summer season in Delhi. Senior officers from Bombay Suburban Electric Supply (BSES) Rajdhani Power Ltd (BRPL) and Yamuna Power Limited (BYPL), TATA Power Delhi Distribution Limited (TPDDL), Delhi Transco Limited (DTL) and Power Department were part of the meeting. During the meeting, DTL highlighted that the peak load of 7,695 MW was reached in Delhi in June 2

Power prices likely to remain firm next fiscal amid higher demand: Crisil

Power prices are expected to remain firm next fiscal on the back of elevated demand growth of 5.5-6 per cent, and the demand is set to close this fiscal up 9.5-10 per cent over 8.2 per cent last fiscal, a report said on Thursday. The fears of a heat wave has seen the short-term power prices soaring by a full 151 per cent. This was on the back of a 42 per cent on-year spike in prices in February, Crisil said in a report. The demand growth would mark a decadal high rate of growth and almost double the 20-year average of 5.2 per cent, the report added. The report noted that demand growth weighed in at 7.7 per cent in February and averaged 10 per cent for the 11 months of the current fiscal despite a high base of fiscal 2022 due to extreme weather events and robust industrial and manufacturing activity. March is unlikely to see any let up amid early warnings on possible heat waves in northern and central regions this summer, the report said. According to Hetal Gandhi, a director with

5-judge Constitution Bench starts hearing Delhi vs Centre power dispute

State list is like concurrent list for Delhi, observes CJI Chandrachud

Delhi's peak power demand clocks 4,803 MW, season's highest: Officials

Delhi's peak power demand clocked 4,803 MW on Monday, the highest this season, according to officials. The highest peak power demand comes amid plummeting mercury levels in the city. At 4,803 MW recorded at 10.22 am, Delhi's peak power demand this year is more than the peak power demand clocked in December 2021 and December 2020. "Green power will play an important role in meeting the power demand in the BSES areas in the winter months. Apart from the long-term agreements with power-plants, including hydro and Delhi-based gas fuel-generating stations, the BSES is also receiving 840 MW of solar power from SECI, 439 MW of wind power...," a BSES official said in a statement. "It is also being helped by 127 MW+ of rooftop solar power installed on rooftops in South, West, East and Central Delhi," he added. Apart from these, the BSES discoms are using avenues such as "banking" and "power exchange" and ensuring sufficient "spinning reserves" to dispose of surplus power as well as ensurin

Heavy snow in Japan kills 17; dozens injured, homes left without power

Heavy snow in large swaths of Japan has killed 17 and injured more than 90 people and left hundreds of homes without power, disaster management officials said Monday. Powerful winter fronts have dumped heavy snow in northern regions since last week, stranding hundreds of vehicles on highways, delaying delivery services and causing 11 deaths by Saturday. More snowfall over the Christmas weekend brought the number of dead to 17 and injured to 93 by Monday morning, according to the Fire and Disaster Management Agency. Many of them had fallen while removing snow from the roofs or were buried underneath thick piles of snow sliding off rooftops. Municipal offices in the snow-hit regions urged residents to use caution during snow removal activity and not to work alone. The disaster management agency said a woman in her 70s was found dead buried underneath a thick pile of rooftop snow that suddenly fell on her in Yamagata prefecture's Nagai City, about 300 kilometers (180 miles) north of ..

Winter storm batters US power, snarling Christmas travel plans

A battering winter storm left nearly 2 million homes and businesses without power across the United States on Saturday, as millions more people were left to worry how the prospect of further outages would effect holiday and travel plans. The blinding blizzards, freezing rain and frigid cold that enveloped much of the country knocked out power to 1.7 million households and businesses, while major electricity grid operator warned the 65 million people it serves across the eastern US that rolling blackouts might be required. Pennsylvania-based PJM Interconnection said power plants are having difficulty operating in the frigid weather and has asked residents to refrain from unnecessary use of electricity. It issued an emergency call for conservation system-wide - asking residents in 13 states to set thermostats lower than usual, to postpone use of major appliances like stoves and dishwashers and to turn off nonessential lights. Commercial and industrial power users have also been asked

PTC India appoints Mohammad Afzal as power ministry nominee director

Power trading solutions provider PTC India on Tuesday said Mohammad Afzal has been appointed as power ministry nominee director on its board. Afzal's appointment has been approved by the board in a circular resolution on December 12, 2022. He is a Joint Secretary (Transmission) in Ministry of Power. "Mohammad Afzal, has been appointed as Nominee Director of Ministry of Power, Government of India on the Board of PTC India with effect from December 12, 2022," a BSE filing stated. He has no relationship with any of the directors of PTC and is not debarred from holding the office of Director by virtue of any order of Securities and Exchange Board of India (SEBI) or any other such authority, it stated. Afzal holds M.E. (First with Honours) in Power System Engg. degree from the then University of Roorkee (Now, Indian Institute of Technology, Roorkee). He joined Central Electricity Authority in November 1996 and has served in various divisions like System Engg. & Technology Division, ...

Adani Power extends timeline to Dec 31 for complete acquisition of DB Power

Adani Power on Monday said that the timeline for the completion of the Rs 7,017-crore deal to acquire thermal power assets of DB Power Ltd has been extended by one month till December 31, 2022. Earlier, the company had extended the timeline for completion by a month till November 30, 2022. "Parties to the proposed transaction have mutually agreed to further extend the long stop date as December 31, 2022, for achieving the closing/completion," a BSE filing said. Earlier in August this year, Adani Power had informed the bourses that it has agreed to acquire DB Power Ltd (DB Power), which owns and operates a running 2x600 MW thermal power plant at district Janjgir Champa in Chhattisgarh. DB Power has long and medium-term power purchase agreements for 923.5 MW of its capacity, backed by fuel supply agreements with Coal India Ltd, and has been operating its facilities profitably. The initial term of the MOU (memorandum of understanding) shall be till October 31, 2022, which may be exte

MSEDCL raids reveal developer stole 80,000 units power worth Rs 33.43 lakh

A developer in Ambernath in Thane district has allegedly stolen power worth Rs 33.43 lakh at three construction sites, a Maharashtra State Electricity Distribution Company Limited (MSEDCL) official said on Friday. The raids were conducted after a tip off was received that he had stolen electricity between March last year and November this year using a remote control device, the official added. "He has stolen 80,387 units of power worth Rs 33,43,970. An offence is being registered with the local police," the official said.

Most Ukrainians left without power after fresh strikes by Russia

A punishing new barrage of Russian strikes on Ukrainian infrastructure on Wednesday caused power outages across large parts of the country as well as neighbouring Moldova further hobbling Ukraine's battered electricity network and adding to civilians' misery as winter begins. Multiple regions reported attacks in quick succession and Ukraine's Energy Ministry said that the vast majority of electricity consumers were cut off. Officials in Kyiv said three people were killed and nine wounded in the capital after a Russian strike hit a two-story building. Russia has been pounding the power grid and other facilities with missiles and exploding drones for weeks and the energy system is being damaged faster than it can be repaired. In the aftermath of the strikes, Ukrainian President Volodymyr Zelenskyy tweeted that he has instructed Ukraine's ambassador to the United Nations to request an urgent meeting of the Security Council. Murder of civilians, ruining of civilian infrastructure ar

Pvt players will benefit: Workers federation leader slams electricity bill

The Electricity Amendment Bill 2022 tabled in Parliament in August will benefit private players and hurt common citizens, a senior functionary of an employees' outfit said on Saturday. Mohan Sharma, national general secretary of All India Federation of Electricity Employees, said the Bill will stop power subsidy to famers and common consumers. "While private companies will supply electricity to commercial consumers, the government distribution companies will suffer losses by providing subsidised electricity to farmers and common consumers. As a result, state-run power firms will become loss-making companies," he claimed. The Bill, which was introduced in the Lok Sabha on August 8, was referred for scrutiny to the Parliamentary Standing Committee on Energy on the same day. A few days ago, Union Power Minister RK Singh had told PTI "we hope we will be able to bring the Electricity Amendment Bill 2022 for consideration and passage in the Winter Session of Parliament".

China: Iconic Shanghai skyline goes dark as drought hits power supply

The waterfront area - known for its mix of historical and futuristic buildings - is a popular tourist destination, BBC reported.

ReNew Power reports Rs 10.4 crore loss in April-June quarter of FY23

ReNew Power on Friday reported a loss of Rs 10.4 crore in April-June quarter of FY23 due to certain adjustment of one-time expense. "Net loss for Q1 FY23 (April-June 2022) was Rs 104 million (USD 1 million or Rs 10.4 crore) compared to a net profit of Rs 425 million (USD 5 million or Rs 42.5 crore) for Q1 FY22 (April-June 2021)," a company statement said. The company explained that the net loss includes a one-time expense for debt premium and the impact of a reclassification of a hedge loss from the balance sheet of Rs 2,531 million (USD 32 million or Rs 253.1 crore) for the refinancing of dollar bonds with lower cost rupee debt. Total income (or total revenue) for Q1 FY23 was Rs 25,007 million (USD 316 million or Rs 2,500.7 crore), an increase of 48.8 per cent over Q1 FY22. The translation of Indian rupees into US dollars has been made at Rs 79.02 to USD 1.00, it stated. As of June 30, 2022, the company's portfolio consisted of 12.9 GWs, a 30.3 per cent increase year-on-year, of

Distressed discoms, high demand: What is ailing India's power sector?

Indian states and union territories (UTs) owe over Rs 1 trillion to the gencos and Rs 62,931 crore to the discoms

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

Hindustan Power Exchange backed by BSE, PTC to commence operations

The other two exchanges in the country are Indian Energy Exchange (IEX) and Power Exchange of India ltd (PXIL), of which IEX holds a 98 per cent almost monopoly on the total traded power in country

Honda India Power surges 13%; stock hits over four-year high

The company remains confident of gasoline fueled engine and water pump business to perform well. It anticipates complete transition to gasoline from kerosene-powered products.

Discoms' outstanding dues to gencos rise 4% to Rs 1.21 trn in May

Power producers give 45 days to discoms to pay bills for electricity supply. After that, outstanding dues become overdue and generators charge interest on that in most cases.