Discoms have paid much higher tariffs to buy power on short-term contracts over the last few months and this has raised questions over prudent power procurement.
Discoms have paid much higher tariffs to buy power on short-term contracts over the last few months and this has raised questions over prudent power procurement.
The companies will instead contract long-term renewable energy through tariff-based competitive bidding to fulfil their renewable purchase obligations.
The funds will be predominantly used to facilitate Greenko's ongoing 2.4GW storage projects and acquisitions.
Ministry of New and Renewable Energy secretary Anand Kumar wrote to Reddy a couple of weeks ago, cautioning him against renegotiating the agreements.
Focus will be on distribution, preventing more than 15% losses from being passed on as tariff and not allowing deferred hikes.
Group captive power plants based on coal, solar and wind are operational in large numbers in the states of Karnataka, Haryana, Rajasthan, Maharashtra and Tamil Nadu.
Power minister RK Singh says a revival scheme for gas-based power plants and a tariff policy are in final stages of being drafted.
In 2012-13, peak-hour supply was 9% short of demand. In 2018-19, this gap narrowed to 0.8%.
Regen approached the high court after Tangedco said it would encash the bank guarantees given by the developers
Transmission firm looks to focus on engineering and bid for PPP projects.
It had recently proposed that the amount spent on compensation and rehabilitation of the victims be considered as operating expenditure.
A committee is reviewing all wind and solar power purchase agreements signed by the previous government.
Last year, the government had targeted hydel capacity addition of 840 MW but it managed to achieve only 140 MW.
Jet fuel price dropped 5.8% to Rs 61,200 per kilolitre for domestic airlines in Delhi.
Indian oil companies’ share in production from the overseas oilfields rose 2.5 times in five years to 24.7 million metric tonnes of oil equivalent.
This comes amid coal imports rising 12.9 per cent to 235.2 million tonnes (MT) in FY'19 over 208.2 MT imported in FY'18.
During his visit, India strongly raised the issue of Pakistan-sponsored terrorism and discussed deepening cooperation in counter-terrorism.
Anil Agarwal said he was inspired by the government's aggressive push for increasing renewable energy generation.
The proposal needs an amendment to the Electricity Act, 2003 and could face resistance from state governments.
Suzlon has offered a one-time settlement proposal to its lenders that entails potential stake sale to Brookfield that would infuse additional equity in the company.
