News Updates

Solar power producers in Telangana have urged the government to resolve grid integration and inter-state transmission system, to help enable the state to achieve solar PV capacity of 5 GW by 2018-19.

The country's peak power demand at the end of the financial year 2021-22 will be 235 GW, down 17 per cent from the estimate made in 2012, CEA has said. With this revision, taking into account the lower-than-estimated economic growth in the five years to March 31 2017, the CEA reckons that the country wouldn't need any more coal-based power stations, other than the 50-GW under-construction capacity, till 2027.

Coal India Ltd (CIL) is planning to sell 10 per cent of its annual output in the next three years via e-auction, for which it is inviting bids from service providers.

Coal India has almost achieved its e-auction target for the current fiscal, and is looking at offering additional supplies. On offer is an additional 5 million tonnes which company officials think would be lapped up as its prices would be far lower than the international prices and it would offer a long-term assured contract which could be extended to 25 years.

Maharashtra State Electricity Distribution Company (MSEDC) has failed to pay dues worth Rs.2,300 crore to renewable energy companies hitting their viability, sources have stated.

Chhattisgarh's request for a revision in royalty rates on coal to 30 per cent from the existing 14 per cent ad-valorem, will push up the cost of electricity by 7 per cent or 10-12paisa/kWh, India Ratings today said in a report.

The work on Jammu and Kashmir's first wind power project, to be built in Reasi district at an estimated cost of Rs.46 crore, will begin in 2017-18 fiscal, Finance Minister Haseeb Drabu has said.

Indicating significant growth in the power transmission sector, CEA has estimated an investment of Rs.2.6 lakh crore till 2022. These and other estimates form the base for a draft National Electricity Plan-Volume II, which would be the basis for investment and policy planning in the sector.

India and Canada signed three MoUs at the ´Vibrant Gujarat Global Summit´ in Gujarat´s Gandhinagar, calling for multi-stakeholder engagement in the areas of energy, infrastructure, innovation and research. Among these, a MoU between a Canadian Consortium of companies and the Gujarat Infrastructure Development Board (GIDB) was signed for the promotion and development of a Petroleum and Petrochemical complex with storage facilities.