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Power companies News

15 Sep 2017

Tariff discount of power companies may lead to Rs 125 crore savings

This policy has been named as Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI).

21 May 2017

Discoms in BJP-ruled states may in profit next year: Piyush Goyal

Union Power Minister Piyush Goyal on Sunday said that distribution companies (discoms) in BJP-ruled states like Rajasthan and Uttar Pradesh are likely to become profitable by next year.

18 May 2017

Power producers see tariffs coming down under GST regime

Thermal power tariffs are likely to come down due to lower tax rate on coal under the Good and Service Tax regime which is expected to be rolled out from July 1, 2017.

power companies

21 Apr 2016

Power companies to get coal via e-auctions; CIL MoU till June 30

Power producers being supplied coal through the MoU route by state-owned CIL will now have to take it via special e-auction being conducted for the power sector as the government has decided not to extend the pact beyond June 30.

30 Oct 2015

Set back for Kejriwal, no CAG audit of discoms' accounts, says HC

Three private power companies had challenged the AAP government's decision to get their accounts audited by the CAG in the High Court.

14 Sep 2015

PM Modi meets officials of power utilities to tackle mounting debt

The combined debt of power distribution companies (discoms) stands at over Rs 3 lakh crore. Faced with acute financial stress, many of these are unable to buy power.

03 Jul 2015

Govt to create two e-auction windows

The government will create two dedicated e-auction windows for coal, targeted at the stressed power companies without blocks or linkages till the new framework is out.

03 Jun 2015

Jaypee initiates steps to disinvest assets worth Rs 22,000 cr

The shares of Jaiprakash Associates closed at Rs 13.05 a piece on BSE, down 20.67 percent.

Bidding process

08 May 2015

Bidding process to rescue Rs 60,000 crore power plants begins

The bidding process to rescue stranded power projects worth Rs 60,000 crore began on Friday with the companies putting in bids to be technically qualified for getting government's financial support.

29 Apr 2015

EU probes state aid to power companies

The EU launched an investigation Wednesday into government subsidies used to help power companies avoid electricity blackouts, in the latest major probe unveiled by the bloc`s combative new competition watchdog.

19 Mar 2015

Post-coal bids, power cos may face Rs 1,350 cr deficit: Crisil

The recent coal block auctions might have addressed some fuel supply issues, but private power producers with nearly 10,000 MW capacity may have to face under-recovery to the extend of 65 paise per unit because of aggressive bidding, according to rating agency Crisil said.

29 Dec 2014

CIL arm plans to allocate accumulated coal to power consumers

The development comes at a time when the country is grappling with coal shortages and as many as 42 thermal power plants are facing significant fuel deficit.

15 Dec 2014

LT of imported coal landed at Mundra port: Coal India

State-owned Coal India Ltd Monday said the first shipment of 1.79 lakh tonnes of imported coal has landed at Mundra port and would be supplied to the power companies.

26 Oct 2014

Cos having pact with CIL have to send 30% of coal by road

All consumers of Mahanadi Coalfields Ltd (MCL), including power firms, who have inked fuel supply pacts with the PSU will have to transport 30 percent of the contracted quantity by road if it is within a limited distance.

07 Oct 2014

Coal imports surge in Sept on weak prices, low stocks

More than half of India`s power plants had only enough coal to run uninterrupted for less than a week as of Sept. 29 due to lower output from state-owned Coal India - the worst stock level since a crippling blackout in 2012.

17 Jul 2014

Raising power tariffs in Delhi a regulatory decision: Goyal

For commercial consumers, DERC hiked the power rates by up to 11 per cent.

03 Jul 2014

SC directs BSES Yamuna to pay power dues before July 15

The Supreme Court on Thursday directed BSES Yamuna Pvt Ltd to pay its outstanding dues for the January to June period to power generating and transmission companies before July 15.

23 Jun 2014

Power Minister to meet bankers today, to discuss bottlenecks

In a bid to restore investor confidence in electricity generation sector, Power Minister Piyush Goyal will meet bankers on Monday to discuss the financing bottlenecks affecting the industry and the way forward.

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