Concerns on new policy norms being proposed for UMPPs…

The newly proposed guidelines for development of Ultra Mega Power Projects (UMPPs) have received stiff oppositions from the developers as well as Financial Institutions according to whom the new norms will make the development of UMPPs unviable.       According to the new norms: The projects will be owned by power...

Read More...

Third unit of Mundra UMPP synchronized by Tata Power…

Tata Power, the largest domestic private power company, has today synchronised third 800 MW unit of Mundra Ultra Mega Power Project (UMPP) in Gujarat.   Mundra UMPP, the 4,000 MW  thermal project, is the first of the UMPPs that has initiated the entry of 800 MW supercritical boiler technology in the country and  is being...

Read More...

Tata Power bided for three Nigeria discoms which requires investment of USD 900 Mn…

Tata Power’s Delhi Distribution arm (TPDDL) has recently bided for three (3) power distribution companies in Nigeria by forming two (2) consortiums with two leading companies of the African nation which will require investment of around USD 900 Mn (Rs. 1,560 Crore).         Details of the transaction are as follows…...

Read More...

Tata Power rating lowered to B1 by Moody’s…

Credit quality of Tata Power Company (“TPC”), on of the largest private sector power companies of India, has been downgraded by Moody’s (global credit rating agency) Investors Service from Ba3 to B1 on account of on-going issues related coal availability and pricing, bank waivers and tariff renegotiations for its Mundra Ultra Mega Power...

Read More...

DERC announced RPO Regulations for Solar and other RE Sources…

The Delhi Electricity Regulatory Commission (DERC) has recently announced its much awaited RPO Regulations on 1st October 2012. DERC has made to RPO applicable to Distribution Licensees, Captive Users and Open Access Consumers on similar lines as per the other states. The RPO regulation is applicable to: Distribution Licensee(s) operating...

Read More...

Andhra Pradesh Government’s new solar power policy…

The government of Andhra Pradesh has recently announced its State Solar Policy on 26th Sep 12. Unlike other states’ solar policies, AP Government has sot specified any policy with respect to feed-in-tariffs or competitive bidding schemes etc rather they have put emphasise on developing solar power through REC Mechanism. Following are...

Read More...

Rs. 6,000 Crs investment in Solar Power planned by Aditya Birla group…

The USD 40 Bn Aditya Birla group is planning INR 6,000 Crores investment in solar power projects over the next five years.       Some of the companies recent developments towards solar power business are: Acquired a minority stake in a Solar PV plant controlled by Electrotherm in Gujarat Signed a long-term leasing...

Read More...

Independent Directors of CIL opposes the CEA’s proposal for import of coal…

The independent directors of Coal India Ltd (CIL) have suggested the Coal Ministry and CIL that the recent proposal of Central Electricity Authority (CEA) regarding the import of coal would benefit only the Independent Power Producers (IPPs) at the expenses of public money.   The independent directors have sent a note to CIL as well...

Read More...

Tussle between Power and Coal Ministry on coal shortfall…

Power Secretary P Uma Shankar has recently issued a letter to Coal India Ltd (CIL) to compensate for the losses of power companies due to failure of CIL to provide coal to the power firms.   This is sparked a confrontation between to prominent Ministries of India; Coal Ministry and Power Ministry.   Power Secretary blamed...

Read More...

Power Plants should be given at par priority for gas allocation with fertilizer plants…

Power India found that the MoP (Ministry of Power) has requested that the gas based power plants should be given the at par preferences for allocations of natural gas with that of fertilizer plants. According to MoP, this should be due to the fact that import of power is not possible as is the case with urea.   As with the current...

Read More...