THERMAL POWER PRODUCER
Centre gives in-principle nod to setting up coal-based thermal power plant in Uttarakhand
The central government has given in-principle consent to the establishment of thermal power plant through THDCIL-UJVNL Energy Company Limited (TUECO), an official release here said. According to the SHAKTI policy, Coal India Limited can allow the supply of coal to the production companies of the central and state governments and their joint ventures at notified rates.
Look for stocks with less downward volatility and stable earnings prospects: Anand Tandon
A good content pipeline increases the likelihood of hits, and with people coming to the cinema, local F&B sales will also rise. From a tactical perspective, PVR's business outlook should improve significantly over the next 12 months. However, each month must be evaluated separately based on incoming content and audience reactions.
World's largest solar plant has five million PV panels. Where is it located and how much electricity will it produce? Know in detail
China's state-controlled firm China Green Electricity Investment of Tianjin has built the world's largest solar plant in Urumqi of its Xinxiang province. It has more than five million PV panels.
Telangana HC dismisses KCR's plea against inquiry panel to probe 'irregularities' in power sector
Rao, also known as KCR, sought the continuation of Justice (retd) L Narasimha Reddy as the head of the commission to conduct an enquiry to be declared as illegal.
Continue blending of 4 per cent imported coal till October 15, government tells power plants
Efficiently managing coal blending requirements and supply logistics is crucial for meeting peak power demand. Maintaining a balance between coal receipt and consumption at domestic coal-based plants is essential for uninterrupted power generation across the country.
Power units' imported coal blending may be cut to 4%
India is considering reducing the mandatory blend of imported coal with locally produced fuel for thermal power units from 6% to 4-5% due to higher coal stocks at plants. The advisory on coal blending, extended in March to ensure power availability during peak demand, is set to expire on June 30.
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Scorching heat drives India's gas-fired power use to multi-year highs in May
Sweltering heat and policy measures are driving a surge in gas-fired power use in India, with LNG imports set to sharply rise over the next two years. Gas-fired power generation doubled in April and May, impacting coal's share. India's LNG imports are forecasted to increase, driven by the power sector's growing demand for flexibility.
Adani Power arm amalgamates Stratatech Mineral Resources
Adani Power Ltd's arm Mahan Energen Ltd approved merging Stratatech Mineral Resources with Dhirauli Coal Mine to enhance fuel security, subject to shareholder and regulatory approvals, with a peak-rated capacity of 6.5 million tonnes per annum. The merger involves a wholly-owned subsidiary engaged in mining, power generation, and allied activities.
Power stocks: Both PSUs and pvt ones got re-rated. Ready for another round in Modi 3.0? 6 stocks with upside potential of up to 37%
The summer heat leads to high power consumption is a well known fact. What has been the difference in the headlines this year and last two or three years? The news about massive power cuts and the possibility of power plants running out of coal is missing. The news which is dominating is that power demand is high and is being met. This change is the result of many things, right from optimism at one point of time to absolute despair at another. Finally policy push and discipline and integrated approach toward solving the issue of the sector, whether it for thermal, solar, wind or hydro. This led to a certain level of re-rating in Modi 2.0 which is likely to get pace in Modi 3.0. One thing which goes unnoticed is the fact that the power sector moving out of the trouble not only means good news for power companies but also the banks, because after metal, power companies topped the list of NPA of the banks.
Overheating electricity: How India can address supply shortages and renewable energy challenges
With temperatures soaring to record levels across India, the Government of India has taken steps to address the impending surge in electricity demand by instructing idling power plants to increase operations. This move comes as a response to the high demand for electricity not translating into adequate purchases by utilities, leading to shortages in power supply.
Why power stocks are a healthy combination of high growth and reasonable valuations
Government initiatives and rising energy demand are transforming the Indian power sector, offering investment opportunities with high growth and reasonable valuations. The sector's growth is fueled by a move towards renewable energy sources, positioning India as a major player in global energy markets. A strong correlation exists between GDP growth rate and power consumption.
Tata Power to target 20% share in PM Surya Ghar Muft Bijli Yojana: CEO
"The expectation is that in the next 4-5 years, about 25-30 GW of capacity will be added. We are looking to cover about 20% of this but it will be over five years. It will be flat in the initial years but possibly from the second or third year, we will see much more capacity getting added."
NTPC achieves 20 pc torrefied biomass co-firing at Tanda power plant
NTPC achieves 20% torrefied biomass co-firing at Tanda thermal plant, marking a milestone in India's power sector. Torrefied biomass, akin to coal, enables higher co-firing percentages without major modifications. NTPC aims for decarbonization, exploring biomass co-firing in existing and new coal power plants to reduce emissions and mitigate air pollution.
Adani Power shares jump over 7% after Gautam Adani, Rajesh Adani revoke pledged holdings
Shares of India's largest private thermal power producer, Adani Power surged 7.4% to Rs 527 after the company's promoters, Gautam Adani and Rajesh Adani revoked pledged shares worth Rs 8,638 crore.
Will the trend of FIIs booking profits in India continue post elections? Sanjeev Prasad answers
There is no leverage issue in the country. Banks, companies, households, all are in pretty great shape. I would assume there is not much of a political/social negative surprise over there.
Power demand to grow 8-9% in India, capacity will grow, but cost will fall from 2030: Praveer Sinha, Tata Power
Praveer Sinha discusses challenges in the power sector, emphasizing the upcoming reduction in power costs by 2027-2030. He underscores the crucial role of battery storage in the transition to clean energy for reliable 24x7 power availability. Sinha says energy transition is a big thing because it is the need of the hour with concerns about climate change and sustainability.
Coal PSUs must plan pithead-based thermal projects: Coal Secy
The Coal Ministry urges Coal India Ltd and NLC India Ltd to establish pithead-based thermal projects to cut transportation costs and enhance coal accessibility. This initiative aims to decrease dependency on rail and road transportation, reduce logistics expenses, and improve power generation efficiency. Collaborations for power generation ventures in Rajasthan and discussions for similar projects in Uttar Pradesh and Bihar are underway.
Uttar Pradesh Cabinet approves green hydrogen policy, setting up 800 MW thermal power units
"So far, hydrogen production technology has relied on electricity or gas, known as gray hydrogen. A significant effort is now underway to transition from gray hydrogen to green hydrogen. The policy outlines an ambitious goal to produce one million metric tonne of green hydrogen annually within the next 4 years, by 2028," an official release quoted Energy Minister AK Sharma as saying.
Continue blending of 6 pc imported coal till June: Power Min to power plants
To meet the projected peak power demand of 250 GW in summer, the power ministry has directed domestic coal-based thermal power plants to blend six per cent of imported coal until June 2024. This is due to supply issues, rising demand, logistics issues, and the need to maintain adequate coal reserves in DCB plants.
Adani Power, DAIT get CCI nod to acquire Coastal Energen
The proposed transaction involves the acquisition of 100 per cent equity share capital of Coastal Energen Pvt Ltd (CEPL) by the acquirers (Dickey Alternative Investment Trust (DAIT) and APL), according to a release by fair trade regulator CCI. DAIT is a Sebi-registered Alternative Investment Fund (AIF). It is acting through its investment manager Dickey Asset Management Pvt Ltd.
Adani Power wins bid for Lanco Amarkantak at ₹4,101 crore
Lenders had pegged Adani Power's latest offer of ₹4,101 crore as the base price for the auction of the thermal power company. They also stipulated that the counteroffers should be at least ₹50 crore higher than the base bid for the auction to proceed. Adani Power and the KPMG-backed resolution professional, Saurabh Kumar Tikmani, did not respond to ET's request for comments.
Punjab govt pays banks ₹1,426 crore to complete takeover of GVK Power's facility
The Punjab government has finalized the payment of ₹1,426 crore to banks, including IDBI, to acquire the debt-ridden 540-MW GVK Power's Goindwal Sahib thermal power plant. This settlement, equivalent to 43% of principal dues, marks a significant recovery for banks involved. Litigation delays with the plant owners have now been resolved, facilitating the transaction.
Coal India fuel supply to thermal power plants rises by 5pc in Apr-Jan FY24
Coal India Ltd supplied 509 million tonnes of coal to thermal power plants in April-January, a 4.7% increase from the previous year. The increased supplies resulted in an all-time high stock of 36.2 million tonnes at domestic coal-based power plants in January. Coal India loaded a record 315.2 rakes per day, with an average of 288.4 rakes per day for power plants.
Sinnar Thermal to undergo IBC process as NCLAT vacates stay
Sinnar Thermal Power (STPL) is a subsidiary of the listed company RattanIndia Power, one of the largest distressed power producers, which has a 1,350 MW power plant at Nashik in Maharashtra.
Goverment aiming for zero thermal coal import by FY26, says Coal Minister Joshi
Coal minister aims for zero thermal coal import by FY26 and requests imported coal-based power plants to switch to domestic fuel-based design and technology. The coal production target for 2026-27 is 1.4 billion tonnes and for 2029-30 it is 1.58 billion tonnes. The government is addressing logistical challenges in coal transportation and Coal India is investing in infrastructure. There are 15 imported coal-based power plants in India.
Coal India arm CCL mulls JV with Jharkhand govt for expansion of Tenughat Thermal Power Station
The first unit of 210 MW was put under commercial operation in September 1996 and second unit in September 1997. Tenughat Vidyut Nigam Limited (TVNL) intends to set up 2X660 MW coal fired supercritical units of extension project (Stage II) at the Tenughat Thermal Power Station (TTPS) located at Lalpania in Bokaro district of Jharkhand.
A power hungry India makes NTPC stock a clear winner
The company's dominant position in the thermal power space and the plan to up capacity for renewable energy manyfold in the next few years are seen benefiting the state-owned power producer, whose stock ended as the best performer on the Nifty 50 on Thursday at ₹317.10, up 3.6% from the previous close. The stock hit a lifetime high of ₹321.75 earlier in the day.
Power engineers' body demands probe into coal shortage at thermal plants, imports
The All India Power Engineers Federation (AIPEF) has urged for an impartial investigation into the coal shortages affecting several thermal power plants across the country. In addition, the engineers' federation has advocated for scrutiny into the costs associated with the importation of dry fuel in India.
Govt to add up to 60 GW coal-based capacity in addition to 27 GW under construction: R K Singh
According to the projections of National Electricity Plan for 2022-32, the required coal- and lignite-based installed capacity will be 283 GW by 2031-2032 as against the present installed capacity of 214 GW, the power ministry said in a statement on Wednesday.
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