Page 2 - Thermal Power Projects
Thermax's net profit tumbles 4.4% to Rs 103.2 cr in March quarter
Thermax on Friday reported a 4.4 per cent decline in consolidated net profit at Rs 102.54 crore for the quarter ended March. The company had reported a consolidated net profit of Rs 107.35 crore in the year-ago period, according to a BSE filing. Total income of the company in the March quarter was at Rs 2,027.62 crore as against Rs 1,610.34 crore in the same period a year ago. "Profit After Tax (PAT) stood at Rs 103 crore, down 4 per cent as compared to Rs 107 crore in the corresponding quarter of FY21. Profitability was lower due to increased commodity and freight costs during the quarter," the company said in a statement. The consolidated net profit of the company rose to Rs 312.31 crore in the fiscal year 2021-22 from Rs 206.58 crore in 2020-21. Total income in the fiscal was at Rs 6,255.34 crore as against Rs 4,898.99 crore in 2020-21. The company's board has recommend a dividend of Rs 9 per equity share of Rs 2 each (450 per cent) for the financial year 2021-22. Thermax Gro
 "Thermax's net profit tumbles 4.4% to Rs 103.2 cr in March quarter")
NTPC board okays discontinuation of Muzaffarpur Thermal Power Station
The power major on Thursday said its board has approved the proposal
 "NTPC board okays discontinuation of Muzaffarpur Thermal Power Station")
Adani Power gets NCLT nod to acquire Essar's 1,200 MW Mahan project in MP
Adani Power said that it has got NCLT's approval to acquire Essar Power's 1,200 MW thermal power project in Mahan, Madhya Pradesh.
 "Adani Power gets NCLT nod to acquire Essar's 1,200 MW Mahan project in MP")
State-run ONGC to usher in India's first geothermal energy in Ladakh
The firm said it will implement India's maiden geothermal field development project in Ladakh that will use the heat generated by the Earth's core to generate clean energy
 "State-run ONGC to usher in India's first geothermal energy in Ladakh")
Private thermal power cos get Rs 40,000 cr liquidity boost: Report
The liquidity boost is coming in from government initiatives along with Coal India decision to offer longer term credit to them, says a report
 "Private thermal power cos get Rs 40,000 cr liquidity boost: Report")
NTPC proposes to stop land acquisition for greenfield coal-based projects
By 2032, state-owned NTPC plans to add 32 GW of renewable generation capacity to its portfolio through organic and inorganic routes
 "NTPC proposes to stop land acquisition for greenfield coal-based projects")
Coal Ministry's go-ahead for 100% supply to thermal power units by CIL
The ACQ has been increased to 70 per cent for coastal plants
 "Coal Ministry's go-ahead for 100% supply to thermal power units by CIL")
Plant load of thermal stations dips to record low of 45% in Apr-May
This is 18 per cent lower than the year ago period, a study by CARE Ratings showed, quoting figures from Central Electricity Authority
 "Plant load of thermal stations dips to record low of 45% in Apr-May")
Thermal plants to operate below 53% capacity in FY21 as power demand dips
The Covid-19 induced lockdown, which came into effect from March 25, brought many business activities across the country to a near standstill
 "Thermal plants to operate below 53% capacity in FY21 as power demand dips")
1,600-MW Jharkhand project delayed amid Covid-19 lockdown: Adani Power
The project would supply 1,496 MW to Bangladesh Power Development Board after it is operational
 "1,600-MW Jharkhand project delayed amid Covid-19 lockdown: Adani Power")
Lockdown impact: Dip in electricity demand hits coal-fired power generation
During 2019-20, the average Plant Load Factor (PLF) tumbled to 55.5 per cent owing to a decline in power demand and increasing traction from renewable power sources
Budget proposes to shut thermal power plants of 166,000 mw, says group
National powermen body to stage protests against 'anti-people' proposals
 "Budget proposes to shut thermal power plants of 166,000 mw, says group")
Govt must shift its focus on revamping Coal India after opening up mines
India has a stated objective of achieving 40 per cent of installed capacity from renewables by 2030
 "Govt must shift its focus on revamping Coal India after opening up mines")
PTC chosen as aggregator for buying 2,500 Mw power from stressed producers
The earlier bidding process which was carried out by NHPC in February, 2019, was cancelled due to lack of response from state discoms
 "PTC chosen as aggregator for buying 2,500 Mw power from stressed producers")
NLC India to invest Rs 17k cr in developing Talabira, to plant 2.6 mn trees
The public sector undertaking has already deposited Rs 134.36 crore to Odisha Compensatory Afforestation Fund Management and Planning Authority (CAMPA) account.
 "NLC India to invest Rs 17k cr in developing Talabira, to plant 2.6 mn trees")
Power play: NTPC to buy hydel plants, expand its renewables capacity
In fact, as part of the broader plan, NTPC is backing down thermal power in places where it is easier to make room for renewable power
 "Power play: NTPC to buy hydel plants, expand its renewables capacity")
Coal-based power's market share at decade low, green energy nearly doubles
In terms of net new capacity installs to date in 2019-20, 5.7 Gw or two-thirds have been contributed by renewables whereas thermal power witnessed a net addition of 3.1 Gw
 "Coal-based power's market share at decade low, green energy nearly doubles")
Thermal power plants in India using more water than permitted limit: RTI
About 51% of 156 thermal plants across 12 states whose data could be obtained declared themselves compliant with water norms early this year
 "Thermal power plants in India using more water than permitted limit: RTI")
Future thermal power plants at risk as water stress increases: Study
Existing water shortage has already forced 61 thermal power plants to shut down between 2013 and 2017, leading to 17,000 gigawatt hours of lost generation
PLF for new power plants could rise as old units head for closure
As of May 2019, India's total thermal power capacity stood at 226.3 Gw
