On the Right Track
Globally, 20 per cent of the total generated energy is used for lighting purposes alone. Experts are of the opinion that the said number has to be revoked considering the challenges arising from climate change issues.
ICRA weighs UDAY effect on PFC
The governments Ujwal Discom Assurance Yojana (UDAY) scheme to help ailing power distribution companies (discoms) could weaken Power Finance Corporations (PFC) profitability and impact its credit growth over the next two years, says rating agency ICRA. However, it has also pointed to the potentially beneficial effects of UDAY and kept its rating high.
Ushering in a new Dawn
Ujwal Discom Assurance Yojana (UDAY) announced in the first week of November 2015 to overhaul the operations of distribution companies (discoms) though a slew of carrots and sticks has evoked hopes that the scheme could usher in a new dawn for the Indian power sector, which has been saddled with numerous problems.
A Great Hidden Opportunity - Refurbishing of Power Stations
Can we add a Megawatt (MW) at half the cost of a new build? Can we save 5-10 per cent on fuel consumption by improving heat rate? Can we save on cost of generation by reducing auxiliary consumption? Can we operate the same facility for another 10 years? Can we manage existing power stations more smartly? Can we reduce Green House Gas (GHG) emissions? These questions assume significant importance in today´s world with rising costs, issues around land availability, need for improved reliability
Our bonds have been fully subscribed on day one
The asset-specific bonds, that we have issued recently is indeed an innovative way to re-finance projects. Most importantly, this bond has been issued after completion of the project.
Sterlite bags Rs.2,900 cr transmission package
Sterlite Transmission Projects has bagged the biggest transmission project to be awarded through the competitive bidding route in the country, having quoted the lowest tariff amid competition from eight other players.
The power sector has begun to witness several initiatives by authorities to address concerns on State Electricity Boards, fuel supply pacts and power purchase agreements. It would, however, take a while before clarity on several issues emerges.
The Loan Ranger
Of the incremental generation capacity expected in India over the next three years, the private sector will contribute more than half of the 45 GW planned addition. Naturally, as the dominance of generation prevails in the overall loan mix for PFC, private generation disbursement growth will remain high.
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