NHPC’s Rs 2,368 cr share buyback to begin from Nov 29...

  NHPC’s buyback of shares worth up to Rs 2,368 crore will start from November 29 and aims at funding the country’s largest hydro power producer’s expansion plans.   “The (buyback) process will commence on November 29 and will be concluded on December 12,” said a source.   The company plans to buyback up to 123,00,74,277...

Read More...

ICRA reaffirms TPDDL's loan facilities at "ICRA AA-"...

  ICRA has reaffirmed Tata Power Delhi Distribution Limited's (TPDDL) Rs. 4,500 crore term loans and Rs. 145 crore fund-based limits at "ICRA double A minus". Moreover, ICRA has also reaffirmed a rating of "ICRA A one plus" assigned to the Rs. 725 crore non-fund based limits and Rs. 500 crore short-term debt programme of TPDDL. ...

Read More...

CIL tweaks provision of model fuel supply pacts on disputes...

  State-owned Coal India Limited (CIL) has tweaked the provision pertaining to the settlement of disputes in the model fuel supply agreements (FSA) for the existing and new State-owned power utilities. “(There are) modifications in the provisions of model FSAs applicable for the existing and new power utilities (for SEB (State Electricity...

Read More...

Coal ministry de-allocates coal blocks of Jindal, Rathi, Monet Ispat and 8 others...

  Coming down heavily on firms sitting idle on mines, the coal ministry has decided to deallocate 11 blocks given to companies including Jindal Steel and Power Ltd (JSPL) and Rathi Udyog Ltd. “The coal ministry last evening took a decision to deallocate 11 coal blocks alloted to firms including JSPL and Rathi Udyog Ltd,” a top coal...

Read More...

AERC approves 2.4 pc hike in power tariff...

  The Assam Electricity Regulatory Commission (AERC) today announced the multi-year power tariffs for the financial years of 2013- ’14, 2014- ’15 and 2015- ’16, which will come into force from December 1. The Commission has approved of an average tariff increase of 2.4 per cent for the financial year of 2013-’14 and has retained...

Read More...

Torrent Power funded Gujarat smart-grid project: Ecolibrium...

  Ecolibrium Energy, the energy management company floated by the Soni family, has said the smart-grid project implemented in the Gujarat Secretariat was funded by Torrent Power, a private sector distribution company, and that the state nodal agency for the energy sector, Gujarat Energy Development Agency (Geda), did not make any...

Read More...

Kerala Solar Policy 2013 - Solar projects can use tribal land in the state...

  The Kerala Solar Energy Policy, approved by the Cabinet on Wednesday, envisages use of tribal land for solar power projects. The policy proposes a revenue (not profit) sharing mechanism for the landowner besides lease rentals for the land. The willingness of the landowner is mandatory. (The policy proposals on solar installations...

Read More...

BEST started supplying 20 MW solar power to Mumbai...

  With the supply of 20 MW solar power to the island city, the BEST has taken a big step towards providing green energy to its consumers. Sources said the power was being given at a price cheaper than market rates. "We have started feeding our grid with 1.85 million units of solar power, generated in October, which is being procured...

Read More...