CERC News

In a significant step towards generating power from garbage under the Swachh Bharat Mission, six waste-to-energy plants with installed capacity of about 74 MW will be commissioned next year including two in the national capital.

Lauding regulator CERC's role in the rise of the power sector, Union Minister Piyush Goyal Friday stressed the need for keeping electricity affordable while protecting interests of both developers and consumers.

The Supreme Court on Thursday stayed the order of power sector regulator CERC asking Financial Technologies India Ltd (FTIL) to transfer all its shares of India Energy Exchange (IEX) to a trust demat account.

Power sector regulator CERC has asked Financial Technologies to transfer its entire stake in India Energy Exchange (IEX) to a trust demat account of the bourse by July 2 and fully exit the exchange by July 20.

In its latest order, the Central Electricity Regulatory Commission (CERC) said that FTIL has been pursuing the divestment process in compliance with its order.

Power sector watchdog CERC plans to review regulatory compliance levels and operational efficiencies of the country's two electricity exchanges as part of efforts to safeguard the interest of stakeholders.

Country's largest thermal power producer NTPC reported nearly 17 percent drop in net profit at Rs 2,071.63 crore for the second quarter ended September 30, 2014-15, pulled down by changes in tariff regulations.

The Central Electricity Regulatory Commission's (CERC) decision came on a plea filed by Financial Technologies (India) Ltd (FTIL) seeking more time to complete the divestment process.

Electricity regulator CERC has said that the first 660 MW unit of Reliance Power's 3,960 MW Sasan project could not achieve its "full load" in March 2013 and rejected its plea to appoint an independent technical committee to look into the readiness of that unit.

Nation's largest power producer NTPC today reported a 13 percent drop in the first quarter net profit as retrospective tightening of technical norms by the regulator wiped off gains from a rise in electricity generation.

Financial Technologies is mulling appealing against electricity regulator CERC's order that directs the company to completely divest its stake in the Indian Energy Exchange (IEX).