Power sector News

The American firm noted that the power intensity will be essential to sustain the economy's growth, as the GDP is expanding at a rapid pace.

The power and renewable energy sector have been in the spotlight for some time. What are the expectations of the leaders of these sectors from this year's budget? Watch this show to find out.

For a long time, Indian power companies have been calling for a complete ban on Chinese companies in the domestic power sector.

The government is looking at Rs 3 per unit as the benchmark price for power from all energy sources like thermal, solar and wind in the medium term.

Lanco Infratech's (LITL) consolidated net loss widened to Rs 448.88 crore during the quarter ended June 30, 2016.

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In view of rising production of the dry fuel, India plans to completely stop thermal coal imports in 2-3 years that would result in annual savings of Rs 40,000 crore, Union Minister Piyush Goyal on Friday said.

The Coal Ministry will soon move a draft Cabinet note for auctioning linkages for the dry fuel to the power sector.

PTC India Financial Services Ltd (PFS) has sanctioned loans of about Rs 1,100 crore to provide financial assistance to the power sector.  

The supply of the fossil fuel by Coal India (CIL), which accounts for over 80 percent of the domestic production, in the April-December period last fiscal stood at 280.210 MT, according to official data.

Coal will remain the dominant fuel for India's power sector over 10-year forecast period to 2025 despite growth in alternative sources, including renewables, BMI Research, Fitch Group company, has said.

The minister also said the main challenge in the power sector is at the last mile as many discoms are in distress.

IDFC on Friday said government's moves on gas and power sector have not had desired impact and it is forced to create a special reserve of Rs 4,500 crore to cover expected losses from power sector loans, which will ring-fence its soon-to-be-launched universal bank.

The power sector comprises 40 percent of IDFC's book, which decreased 8 percent in FY15 to Rs 54,745 Cr.

The government is looking at the option of upgrading existing power plants into larger capacity Ultra Mega Power Projects (UMPPs) using clean technology and to offer them in plug and play mode, Power Minister Piyush Goyal said on Wednesday .

Natural gas prices was Tuesday cut by about 8 percent to USD 4.66 a unit to reflect the softening in international prices, a move that will lower electricity and fertiliser costs.

Natural gas prices have been slashed by 8 percent to USD 4.66 per unit for the first half of next fiscal year from April 1 on gross heat value basis.

The government had in October last year fixed natural gas price at USD 5.05 per million British thermal unit.

The total outstanding credit to the power sector from various banks amounted to Rs 5.83 lakh crore at the end of 2014 but the government has no plans to reschedule the loans to electricity generating firms.

Chinese and US companies generate power through "least efficient and most polluting form of coal-fired generation", followed by Indian firms at the third position globally, says a report.