IEX along with APEx members to discuss issues related to electricity trading this month…

  Power India found that to discuss various issues pertaining to electricity/power trading, representatives of more than 30 power bourses worldwide including Indian Energy Exchange (IEX) will meet during 5 to 7 November 2012.   IEX is co-hosting the annual conference of global power exchanges along with the conference of Association of Power Exchanges (APEx). […]

REC trading update for the month of October 2012…

  Renewable Energy Certificate (REC) market is currently experiencing low volume of sales as well as lower prices on trading for the October month on account of oversupply of RECs.   Non-Solar RECs During the trading which occurred October 31, 2012; around 10,12, 660 non-solar RECs were offered for sale, out of which only 2,22,700 […]

Concerns on new policy norms being proposed for UMPPs…

The newly proposed guidelines for development of Ultra Mega Power Projects (UMPPs) have received stiff oppositions from the developers as well as Financial Institutions according to whom the new norms will make the development of UMPPs unviable.       According to the new norms: The projects will be owned by power distribution utilities Bidders […]

Third unit of Mundra UMPP synchronized by Tata Power…

Tata Power, the largest domestic private power company, has today synchronised third 800 MW unit of Mundra Ultra Mega Power Project (UMPP) in Gujarat.   Mundra UMPP, the 4,000 MW  thermal project, is the first of the UMPPs that has initiated the entry of 800 MW supercritical boiler technology in the country and  is being […]

Tata Power bided for three Nigeria discoms which requires investment of USD 900 Mn…

Tata Power’s Delhi Distribution arm (TPDDL) has recently bided for three (3) power distribution companies in Nigeria by forming two (2) consortiums with two leading companies of the African nation which will require investment of around USD 900 Mn (Rs. 1,560 Crore).         Details of the transaction are as follows… The Nigerian […]

Tata Power rating lowered to B1 by Moody’s…

Credit quality of Tata Power Company (“TPC”), on of the largest private sector power companies of India, has been downgraded by Moody’s (global credit rating agency) Investors Service from Ba3 to B1 on account of on-going issues related coal availability and pricing, bank waivers and tariff renegotiations for its Mundra Ultra Mega Power Project (UMPP). […]

DERC announced RPO Regulations for Solar and other RE Sources…

The Delhi Electricity Regulatory Commission (DERC) has recently announced its much awaited RPO Regulations on 1st October 2012. DERC has made to RPO applicable to Distribution Licensees, Captive Users and Open Access Consumers on similar lines as per the other states.   The RPO regulation is applicable to: Distribution Licensee(s) operating in the National Capital […]

Andhra Pradesh Government’s new solar power policy…

The government of Andhra Pradesh has recently announced its State Solar Policy on 26th Sep 12. Unlike other states’ solar policies, AP Government has sot specified any policy with respect to feed-in-tariffs or competitive bidding schemes etc rather they have put emphasise on developing solar power through REC Mechanism. Following are some of the major […]

Rs. 6,000 Crs investment in Solar Power planned by Aditya Birla group…

The USD 40 Bn Aditya Birla group is planning INR 6,000 Crores investment in solar power projects over the next five years.       Some of the companies recent developments towards solar power business are: Acquired a minority stake in a Solar PV plant controlled by Electrotherm in Gujarat Signed a long-term leasing agreement […]

Independent Directors of CIL opposes the CEA’s proposal for import of coal…

The independent directors of Coal India Ltd (CIL) have suggested the Coal Ministry and CIL that the recent proposal of Central Electricity Authority (CEA) regarding the import of coal would benefit only the Independent Power Producers (IPPs) at the expenses of public money.   The independent directors have sent a note to CIL as well […]