CERC has proposed new norms for forecasting, scheduling and imbalance handling of renewable power…

  The new regulations for scheduling solar and wind power for transmission through the grid could escalate prices. If the power generator deviates from its schedule and under supplies, it would be liable for a penalty. The penalty amount, which would be calculated as per unit energy shortfall, will go in a pool - Renewable Regulatory...

Read More...

KERC approves average tariff hike of 13 paise per unit

  The Karnataka Electricity Regulatory Commission has approved revision of electricity supply tariff for all the Electricity Supply Companies in the State for the Financial Year 2015-16, by allowing an average tariff increase of 13 paise per unit for different categories of consumers. The revised tariff will come into effect for the...

Read More...

Post Budget, around 5-10% hike in Electricity Tariff is expected

  On account of higher freight charges proposed in the Railway Budget 2015 and the doubling of clean energy cess in the Union Budget 2015 are expected to result in around 5% rise in electricity prices. Further 5% increase is expected to come from other input costs such as salary & wages, components & spares etc. In addition,...

Read More...

Two 600 MW units of MPPGCL Project in MP to be inaugurated by Primer Minster on March 5.

    Two 600 MW unites of Shree Singaji TPP in Khandwa district to be dedicated by Prime Minister Narendra Modi on March 5. Further, the foundation stones of two additional 660 MW units of the same plant will also be laid. Shree Singaji Thermal Power Plant is a coal-fired project located near Dongaliya village in Khandwa. The project...

Read More...

Tata Power commissions first 63 MW unit of Bhutan hydro plant

  Tata Power has commissioned the first unit of its 126 MW Dagachhu hydro power plant having a capacity of 63 MW in Bhutan. Dagachhu project is a joint venture between Tata Power and Druk Green Power Corporation, owned by Royal Government of Bhutan and National Pension and Provident Fund of Bhutan. With the commissioning of the first...

Read More...

OPG Power to commission 300 MW power plant on 28th Feb

  OPGS Power Gujarat Pvt. Ltd, a subsidiary of UK-based OPG Power Ventures Plc, will commission its 300 MW coal-fired power plant on Saturday at Bhadreswar in Kutch district of Gujarat, managing director and chief executive officer Arvind Gupta said in a press conference on Thursday. Work on the project, located in a special economic...

Read More...

Mytrah Energy bagged 220 MW Wind Project from Andhra Pradesh Government

    Mytrah Energy has bagged a 220 MW wind power project from the Andhra Pradesh government. The project will be installed in Kurnool district and is expected to be commissioned within next 18 months.  Mytrah has built an operating portfolio of 543 MW across seven wind rich states in a span of four years. According to company,...

Read More...

PGCIL seeks USD 500 Mn loan from World Bank to finance transmission projects for evacuation of Solar Power

  Power Grid Corporation of India (PGCIL) has sought $500 million loan assistance from the World Bank for financing projects. Power Grid is engaged in building transmission projects across the country. It also provides consultancy services in the power sector. According to PGCIL, discussions are undergoing with the Ministry of Power...

Read More...

Mytrah Energy secured Rs 853 Crs loan for its 150 MW wind projects

  London-based Mytrah Energy Ltd has secured an Rs 853 Crs long-term loan from an unnamed Indian bank to finance 150 MW of wind projects. The company expects to completed the said capacity in the coming 12 months, before India's 2016 wind season kicks off. According to the company, the proposed capacity will be completed within 12...

Read More...

Second round of coal auction to be held on March 4

  The government has put off the second round of auction of 21 coal blocks to 4th March 2015 which was earlier scheduled to begin from 27th February 2015. The auction follows the Supreme Court decision last year to cancel allocation of 204 coal mines. So far the Government has already allotted 19 coal blocks in the first lot of coal...

Read More...