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Sterling and Wilson Solar commissions its first Solar project in Oman

Sterling and Wilson Solar Limited (SWSL) has become the first Indian company to commission a solar photovoltaic (PV) project in this region, a company release said.

NTPC begins search for CEO of distribution business

State-owned power giant NTPC said it has started the process for recruiting a Chief Executive Officer (CEO) for its electricity distribution business.

In biggest consumer-centric reforms, Govt proposes to end power tariff differentiation among consumers

Domestic power tariffs are low in India, while the industrial tariffs are among the highest in the world due to cross subsidization. The Tariff Policy proposes six categories of consumers on voltage basis against the present 50-60 categories and sub-categories.

Tata Power eyes Rs 3,000-crore divestment, revamp of green assets to cut debt

The company, which has an installed capacity of 12,742 MW, aims at raising Rs 3,000 crore from divestment of assets in 2020-21, despite the disruption caused by Covid-19 pandemic in the global economy, managing director Praveer Sinha told ET.

Lockdown delayed project execution, led to cost escalation: Adani Transmission

According to the filing, delay in getting multiple regulatory approval, that is ROW (right of way), forest approvals, wildlife, defense, civil aviation and power and transmission line crossing will delay the SCOD (scheduled commercial operation date), leading to cost escalation.

Tata Power to manage power distribution in central Odisha from June 1

The five circles consist of Bhubaneshwar, Cuttack, Puri, Paradip and Dhenkanal. As per order issued by the Odisha Electricity Regulatory Commission (OERC) on May 28, 2020, Tata Power will hold 51% equity with management control and the state-owned GRIDCO will have the remaining 49% equity stake in the company, an official statement said.

Punjab, UP, Rajasthan, evince interest in taking loans to pay gencos: New PFC CMD

The company needs to explore new areas of financing such as charging infrastructure and electric vehicles, renewable energy sources with substantial storage and make efforts to tap business from good business houses, , Dhillon who took charge of PFC on Monday said.

Power consumption dips 14% to 103 BU in May due to coronavirus lockdown

However, the slump in power consumption has narrowed down in May to 14.16 per cent from 22.65 per cent recorded April in this year. The entire month of April had witnessed low power demand due to COVID-19 lockdown.

PFC & REC to offer 10-year loans to state discoms at 9.5%

A senior government official said that PFC and REC have fixed interest rates under the liquidity package at 8.75% for three-year loans, 9% for five year loans, 9.25% for seven years and 9.5% for 10-year term loans. The interest rates will be valid for the next 60 days.

View: Modi has political capital to reform the power sector

Coronavirus has strengthened will for power reform but must be sustained to overcome political hurdles.

IndiGrid to Buy Kalpataru Power JV Asset for Rs 310 crore

IndiGrid to Buy Kalpataru Power JV Asset for Rs 310 crore

IndiGrid aims to scale up its power transmission assets under management (AUM) to Rs 30,000 crore by 2022 and has plans to diversify into the solar power sector.This will be the second acquisition by IndiGrid from a company other than its original sponsor Sterlite Power.

Power minister proposes a new scheme worth Rs 3 lakh crore to finance commission

Power minister proposes a new scheme worth Rs 3 lakh crore to finance commission

Officials of the power ministry discussed the need to restructure the power system to make states responsible for the financial health of their power distributions companies (discoms), with the NK Singh-led FC. This would entail recalibrating state borrowing limits under the Fiscal Responsibility and Budget Management (FRBM) Act, to account for the added liabilities, the press release said.

NHPC to suffer power generation loss of Rs 119.43 cr due to lockdown

NHPC to suffer power generation loss of Rs 119.43 cr due to lockdown

The shortage of labour may affect the construction schedule and enhance the completion cost of the project, it added. At Subansiri Lower, it said all construction work was suspended from March 24 because of lockdown.

Punjab, Haryana, Rajasthan power demand significantly up; Gujarat, Maharashtra lag behind

Punjab, Haryana, Rajasthan power demand significantly up; Gujarat, Maharashtra lag behind

A state-wise analysis showed that the consumption of electricity in states like Punjab, Haryana and Rajasthan has increased over last year- in both peak-hour demand and energy consumed per day terms, a quick comparison between electricity demand (both peak-hour and energy met) on May 26 this year with May 24, 2019—a corresponding working day last year.

Households driving up power demand

Households driving up power demand

Electricity demand is inching closer to last year's level but experts feel it is mostly due to hot weather, particularly in the plains of northern India. Andhra Pradesh, Madhya Pradesh, Bihar, Delhi and Uttar Pradesh are closer to last year’s electricity demand level.

SoftBank-Bharti JV eyes up to $750 million fund-raise

SoftBank-Bharti JV eyes up to $750 million fund-raise

SB Energy, renewable energy arm of SoftBank, has mandated Bank of America Merrill Lynch and Barclays to help raise $500-$750 million in SBG Cleantech — it’s 80:20 joint venture with Bharti, multiple people aware of the development said.

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