Tata Power-DDL Appoints Ganesh Srinivasan as CEO; Sanjay Banga to be President T&D
Tata Power Delhi Distribution Limited (Tata Power-DDL) announced the appointment of Ganesh Srinivasan as the company’s new CEO, with effect from December 2, 2019. Tata Power-DDL is a Public-Private Partnership, joint venture company, between Tata Power and Govt of National Capital Territory of Delhi, which distributes electricity to a populace of over seven million in North Delhi.
Installed Generation Capacity Sufficient to Meet Electricity Demand
The installed electricity generation capacity in the country was around 364,960 MW on October 31, which is sufficient to meet the electricity demand in the country. The gap between demand and supply of power up to October during the current fiscal in terms of energy and peak is less than 1 per cent, stated Raj Kumar Singh, Minister of Power and New & Renewable Energy.
ADB, India Ink $451 Million Loan to Strengthen TN Power Connectivity
Govt of India and Asian Development Bank (ADB) have signed a $451 million loan to strengthen power connectivity between the southern and northern parts of the Chennai-Kanyakumari Industrial Corridor (CKIC), which is part of the East Coast Economic Corridor (ECEC), in Tamil Nadu on Thursday. ADB is the lead partner for developing ECEC.
India's Power League
India is the world's third largest producer and fourth largest consumer of electricity. With such a large size and being a capital intensive business, it has got its own importance.
Distributed Generation for Solar PV
One of the key challenges that India faces today in the installation of GW-scale solar projects in the construction of transmission lines to dispense power at diverse locations of the country. This approach of system planning referred to as LCPV (Large Centralised Solar PV generation) is driven by the old benchmarks which are meant for large thermal or hydro projects.
"India needs at least USD 125 billion to fund the 175 GW target"
Manoj Gupta, Vice President-Solar Business, Fortum India opines most of the financing received for the renewable energy development comes from the domestic banks. However, with the current level of fund generation, it is difficult to sustain solar energy goals.
A Ray of Hope, Amid the Gloom
Amidst the chaos seen in the power sector, with 22,000 MW thermal power projects lying idle for the need of coal or gas and lenders taking power generating assets to National Company Law Tribunal (NCLT) to recover dues, the transmission sector- with longer life cycle and lower risks- has exhibited the only ray of hope for investors and developers alike.