Powering through the Debt Quagmire
In principle, borrowing money to run and grow one´s business, makes sound business sense. Both banks and borrowers are happy in this age-old arrangement, well, most of the times. There are the odd occasions when Murphy´s Law comes into force, and whatever could go wrong, goes wrong.
$48 million ADB loan to boost Assam power sector
The Asian Development Bank has signed a $48 million loan agreement with the Government of India to boost Assam’s power sector and help improve access to efficient and reliable power in New Delhi. This is the second tranche loan of the $300 million multi tranche financing facility for the Assam Power Sector Investment Program (APSIP) that was approved by the ADB Board in July 2014.
Coal supply to captive plants hit due to focus on IPPs
What I will prefer is, as usual the mines getting affected by monsoon has been the root problem again. For many mines, the dispatches have been drastically low. As a result many power plants have been asking for more and more coal from alternative sources
Hydro-rich states Karnataka, AP, Kerala reap benefits
India´s hydro power generation capacity is mostly concentrated in the Himalayan regions, and these generating stations are fed from the glaciers. Due to this reason, the hydro power sector did not see a significant uptick at a country level as would be expected by many. At a state-level, however, many hydro-power rich states like Karnataka, Andhra Pradesh, Kerala etc., have benefitted.
GST | Power sector is safe
After a decade of political stand-off, the government was able to garner a consensus in Rajya Sabha, to approve the Goods and Services Tax (GST) constitutional amendment bill in August 2016. Since the parliamentary assent for the bill, which has the potential to turn the whole country into a single ´common market´, things have picked up momentum to make GST a reality at the earliest, though many experts feel that the deadline of April 1, 207 is a challenge.
IPPAI encourages excellence in the Indian Power Sector
The Indian power sector has an investment potential of Rs.15 trillion ($237 billion) in the next four-five years, thereby providing immense opportunities in power generation, distribution, transmission, and equipment, according to the Power Minister Piyush Goyal.
Coal supply to power sector ticks up 6percent
Coal India Limited (CIL) supplied 407.9 million tonnes of fuel to the power sector in 2015-16, up 5.8 per cent over the previous year. CIL, which accounts for over 80 per cent of the domestic coal production, dispatched 385.4 mt of the dry fuel in 2014-15, government data showed.
Aggregate Technical And Commercial losses are considered to be an Achilles heel of Indias power sector. Problems in power distribution companies have accentuated over the years, mainly in the form of inadequate metering and data collection systems in place.