Power Sector

Adani Power emerges as India’s biggest private power producer

Adani Power emerges as India’s biggest private power producer

With the commissioning of one more unit of Tiroda, Maharashtra-based power plant, Adani Power has become the largest private-sector power producer in India.

Adani Power, a subsidiary of integrated infrastructure giant Adani Enterprises, yesterday announced the commissioning of the fourth unit of 660 megawatts (MW) at its Tiroda power plant, increasing its total installed power generation capacity to 8,620 MW.

Brokerage revises Tata Power stock upwards following CERC ruling

Brokerage revises Tata Power stock upwards following CERC ruling

Brokerage Edelweiss Securities has given a buy rating on Tata Power's stock with a target price of Rs 99 per share after the country's electricity regulator finalised the compensatory tariff order for the private-sector electricity producer.

The Central Electricity Regulatory Commission (CERC) has allowed Tata Power (TPC) to get higher tariff of 52 paise plus a compensation of Rs 329.45 crore for the power produced by its Mundra plant.

In response to the positive ruling, Edelweiss Securities revised its target price for Tata Power upwards from Rs 77 a share to 99 a share.

DMRC to install 500kWh rooftop solar power plant

DMRC to install 500kWh rooftop solar power plant

The Delhi Metro Rail Corporation (DMRC) has announced its plans to install a 500kWh solar power plant on the roof of Dwarka Sector-21 Metro station.

Anuj Dayal, a spokesperson for DMRC, said that the rooftop solar plant would likely start producing power within next six months, and that efforts were being made to incorporate such solar power plants with Metro Phase-III stations.

Mr. Dayal added that DMRC would also explore the possibility of installing more solar plants at its Metro stations, depots and other places.

Tata Power, Adani Power shares soar on CERC ruling

Tata Power, Adani Power shares soar on CERC ruling

Shares of Tata Power and Adani Power enjoyed significant gains in early morning trade on Monday after they were granted compensatory tariff hikes by the Central Electricity Regulatory Commission (CERC).

The CERC allowed Tata Power to hike tariffs and receive compensation so that it could make up for losses that it incurred at its Gujarat-based Mundra plant.

Tuticorin power project’s first unit to start commercial operations by February

Tuticorin power project’s first unit to start commercial operations by February

The first unit of the NLC Tamil Nadu Power Ltd's coal-based 1,000-MW power project would be commissioned by next month, Neyveli Lignite Corp.'s Chairman-cum-Managing Director B. Surender Mohan said.

Mr. Mohan said the 500-MW first unit of the power project would start operations by February, while another 500-MW unit would be commissioned by May this year.

Govt. awards 14 coal blocks to PSUs like NTPC

Govt. awards 14 coal blocks to PSUs like NTPC

The government has awarded a total of 14 coal blocks to state-run power companies, with the country's biggest power producer NTPC alone receiving four blocks.

According to a statement received by the coal ministry, the 14 allocated coal blocks have geological reserves of estimated 8,311 million tones. The statement also says that the blocks will yield around 159 million tones of coal per annum, capable of firing nearly 31,800 MW of power generation.

Govt. allows power producers to pass additional cost of imported coal on to consumers

Govt. allows power producers to pass additional cost of imported coal on to cons

The government on Friday approved the proposal to allow power producers to pass the high cost of imported coal on to consumers.

After the Cabinet Committee on Economic Affairs’ (CCEA’s) meeting in New Delhi, Finance Minister P Chidambaram said that the approval of the pass-through proposal would lead to an increase of 15 to 17 paise per unit in the power tariff.

Association of Power Producers may move CCI or Aptel

Association of Power Producers may move CCI or Aptel

Association of Power Producers (APP) is now mulling whether or no to approach the Competition Commission of India (CCI) or the Appellate Tribunal for Electricity (Aptel) over alleged abuse of dominant position by NTPC Ltd, as the country’s apex power sector regulator has rejected its plea for the same.

Power producers have long been accusing government-owned NTPC Ltd of abusing its dominant position while inking power-purchase agreements (PPAs) to ward off competition.

Slashing power rate in Delhi will lead to huge outages: Montek

Slashing power rate in Delhi will lead to huge outages: Montek

Slashing power supply rates in Delhi could shatter the whole system, which would lead to huge outages in the national capital, Planning Commission Deputy Chairman Montek Singh Ahluwalia warned.

Mr. Ahluwalia said that a drastic cut in power supply rates would force the state government to subsidise power by that much and the whole system would get shattered.

Speaking on the topic, the Deputy Chairman said, “Cutting the power rates by 30 per cent will mean the Delhi government will end up subsidising power by that much and the whole system will get wound up, leading to huge power cuts.”

Tata Power shares jump after CERC allows tariff hike

Tata Power shares jump after CERC allows tariff hike

Tata Power shares gained as much as 5.9 per cent to nearly Rs 98 apiece on Tuesday, after the electricity regulator permitted the company to charge “compensatory” tariffs for power produced from the Mundra power plant on account of the soaring cost of imported coal.

On Monday, the Central Electricity Regulatory Commission (CERC) ruled that Tata Power’s Coastal Gujarat Power Ltd can raise tariffs to meet the rising cost of imported coal.