Coal India seeks advice from PMO for the Fuel Supply Agreements with the power plants post January 2012…

Power India found that Coal India Ltd (CIL) is planning to seek advice from the Prime Minister’s Office (PMO) for signing Fuel Supply Agreements with the Power Plants which are commissioned after January 2012.   Currently CIL is signing FSAs with the power plants which are commissioned on or before December 2011.   However,...

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DERC sanctioned Fuel Price Adjustment charges for TPDDL, BRPL and BYPL…

    Power India found that the Delhi Electricity Regulatory Commission (DERC – Power Regulator of Delhi) has sanctioned the Fuel Price Adjustment (FPA) charges to three Distribution Companies (Discoms) of Delhi.   As per the notification posted on DERC’s website, the FPA Charges sanctioned to the Discoms are as under:...

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Mines Department issued notices to 9 coal mines of MCL…

Power India found that the Mines Department had served notices to nine mega coal mines of Mahandi Coal Fields (MCL) for not updating the “Consent to Operate” from the State Pollution Control Board (SPCB).   The notices were served on nine out of 11 coal mines at Talcher Coalfield. The other two mines named Balaram and Talcher Colliery...

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Promoters of Greenko Group increased their share holding in the company to 14.4%…

Power India found that two executive directors of Greenko Group PLC (Which is a listed entity on London Stock Exchange (AIM)) – Mr. Anil Chalamalasetty & Mr. Mahesh Kohli – by utilizing “Long Term Incentive Plan Option Award” have increased their combined shareholding by 6,798,924 new ordinary shares which is roughly 4.5% of the current...

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Mahindra Solar & Kiran Energy to get $26 Million from IFC for 50 MW of Solar PV Projects…

Power India found that the Mahindra Solar One Private Limited and Kiran Energy Ltd. are planning to get around $26 Million from the International Finance Corporation (Investment arm of the World Bank) for the three Solar PV Projects.   The list of projects: The proposed project involves the construction of three greenfield solar...

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Power Ministry to link tariffs of new power projects with the fuel prices…

Power India found from a news article on Economic Times that the Power Ministry is planning to allow power producers to raise tariffs if the fuel costs of new projects rise; this move may hurt consumers but will rescue the huge investments being made in the power sector.   However, currently this is bein planned for the new power...

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REC affirmed with Baa3 Credit Rating by Moody’s…

Power India found that Moody's Investors Service has affirmed the foreign currency long-term issuer ratings of  Rural Electrification Corporation (REC) at Baa3. “The rating outlook is stable. “   What does Baa3 Rating of Moody’s mean? Moody’s Credit Rating Baa3 can be The purpose of Moody’s ratings is to "provide...

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