Power Sector | Positives to be visible after reset
The Ujjwal Discom Assurance Yojana (UDAY) scheme is aimed at bringing ailing power distribution companies (discoms) to a state of operational efficiency, with state governments taking over up to 75 per cent of their respective discoms´ debt and issuing sovereign bonds to pay back the lenders
ACME to supply power at Rs.4.43 per unit in AP
ACME, a green energy player, has bagged tenders for developing 200 MW of solar power projects in separate bids conducted by Solar Energy Corporation of India (SECI) and NTPC in Andhra Pradesh and Telangana, respectively, it said in a statement. ACME won the largest share of 150 MW out of 400 MW at fixed tariff of Rs.4.43 per unit in addition to viability gap fund of Rs.55 lakh per MW.
Government wants PSUs to buy back shares
Government wants cash rich PSUs like Coal India, Oil India and NTPC to take a cue from the private sector and use surplus cash to buy back shares and improve balance sheets. Major private sector companies have a treasury wing to make use of their cash balance more effectively.
Fortum wins 100-MW project in Pavagada solar park
Finnish utility firm Fortum said it has secured a 100 MW solar power project from NTPC under an auction for 500-MW grid, which will connect solar PV projects in district Tumkur of Karnataka.
Clouds around coal
Coal plays an essential role in our global energy mix, particularly in India and the developing world through electricity generation. This fossil fuel has gained prominence due to its availability in abundance in the bowels of earth, lack of disastrous impact like nuclear plants do, and favourable economics it continues to enjoy in power generation
CIL, NTPC form JV to take over Fertilizer Corpn
Coal India Ltd (CIL) and NTPC Ltd have signed a 50-50 joint venture (JV) agreement to take over the Fertilizer Corporation of Indias assets and to run its Sindhri (in Jharkhand) and Gorakhpur (in Uttar Pradesh) units.
Indian power project in SL is on despite opposition
The Indo Lankan project to build a 500 MW coal fired power plant at Sampoor in Eastern Sri Lanka (SL) is on, despite opposition from an influential section of the Lankan government, according to sources.
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