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India's power consumption rises 9% to 152.38 BU in June 2024 India's power consumption rose by nearly 9 per cent to 152.38 billion units (BU) in June 2024 as compared to the year-ago period mainly due to scorching heat which forced excessive use of cooling appliances like air conditioners and desert coolers. In June 2023, the power consumption stood at 140.27 BU. The highest supply in a day (peak power demand met) also rose to 245.41 GW in June 2024 against 223.29 GW in the year-ago month. The peak power demand was recorded at 224.10 GW in June ...
India's power consumption rises 9% to 152.38 BU in June 2024
India's power consumption rises 9% to 152.38 BU in June 2024
Source: Accord Fintech
2024-07-02 02:28:36 pm
India`s power consumption rises 9% to 152.38 BU in June 2024 India's power consumption rose by nearly 9 per cent to 152.38 billion units (BU) in June 2024 as compared to the year-ago period mainly due to scorching heat which forced excessive use of cooling appliances like air conditioners and desert coolers. In June 2023, the power consumption stood at 140.27 BU. The highest supply in a day (peak power demand met) also rose to 245.41 GW in June 2024 against 223.29 GW in the year-ago month. The peak power demand was recorded at 224.10 GW in June ...
India`s power consumption rises 9% to 152.38 BU in June 2024
India`s power consumption rises 9% to 152.38 BU in June 2024
Source: Accord Fintech
2024-07-02 11:55:20 am
SPV set to start work on new inter-state power transmission project in Maharashtra The way has been cleared for starting work on the inter- state power transmission project in the Kallam area of Maharashtra which forms part of the Western Region Network Expansion Scheme, the Ministry of Power announced on Saturday. The special purpose vehicle (SPV) Kallam Transco Limited that has been formed for setting up the project has been handed over to M/s Indigrid 2 Limited & Indigrid 1 Limited (consortium), the successful bidder for the project. The bidding process was car...
SPV set to start work on new inter-state power transmission project in Maharashtra
SPV set to start work on new inter-state power transmission project in Maharashtra
Source: IANS
2024-04-06 05:46:25 pm
Power Ministry sets up panel for monitoring thermal power projects The Union Power Ministry has constituted an independent Thermal Project Monitoring Group (TPMG) for the monitoring and execution of thermal power projects that are under implementation. Headed by the Central Electricity Authority’s (CEA) Member (Thermal), the group comprises the CEA chief engineer or above level official and six retired senior officials of CEA/NTPC/DVC. Two deputy director-level officials of the CEA will assist the group. The Ministry’s move comes against th...
Power Ministry sets up panel for monitoring thermal power projects
Power Ministry sets up panel for monitoring thermal power projects
Source: IANS
2024-04-04 10:07:11 am
PFC pays record interim dividend of Rs 3,630 cr for 2023-24 The Power Finance Corporation (PFC), a Maharatna Central Public Sector Enterprise, paid Rs 554 crore as the third interim dividend to the government on Wednesday for the financial year 2023-24. This is in addition to the first interim dividend of Rs 832 crore and the second interim dividend of Rs 647 crore paid earlier by the PFC to the government for its share of equity. The total interim dividend paid to the government, which has a 56% stake in PFC, works out to Rs 2,033 crore. With t...
PFC pays record interim dividend of Rs 3,630 cr for 2023-24
PFC pays record interim dividend of Rs 3,630 cr for 2023-24
Source: IANS
2024-04-04 09:50:13 am
GRID-INDIA makes the grade as a Miniratna company Grid Controller of India Limited (GRID-INDIA) has achieved a significant milestone as it has been conferred the status of a Miniratna Category-I Central Public Sector Enterprise (CPSE), the Ministry of Power said on Wednesday. GRID-INDIA shoulders the immense responsibility of managing the all India synchronous grid, comprising five Regional Load Despatch Centres and the National Load Despatch Centre, which is one of the world's largest and most intricate power systems. “The r...
GRID-INDIA makes the grade as a Miniratna company
GRID-INDIA makes the grade as a Miniratna company
Source: IANS
2024-03-21 09:46:20 am
NTPC crosses record 400 billion units electricity generation mark in 2023-24 The giant NTPC Group crossed the record 400 billion units (BU) of electricity generation in the current financial year, on March 13, 2024, the Ministry of Power announced on Thursday. “This milestone has been achieved with an average Plant Loading Factor (PLF) of 77.06 per cent for NTPC’s coal stations,” the ministry said. During the previous financial year (2022-23), the Government-owned power behemoth had generated 399.3 BU of electricity. Earlier during the year,...
NTPC crosses record 400 billion units electricity generation mark in 2023-24
NTPC crosses record 400 billion units electricity generation mark in 2023-24
Source: IANS
2024-03-14 03:34:15 pm
Discoms`rating: Scoring 99.9 out of 100, Adani Electricity Mumbai retains top rank Adani Electricity Mumbai Ltd has retained the top position in the Union Power Ministry's 12th Annual Integrated Rating & Ranking for various parameters, an official spokesperson said here on Tuesday. Adani Electricity Mumbai scored 99.9 out of 100 in performance, outshining 54 other electricity distribution companies all over India. It hit a bull’s eye with a perfect score of 75/75 in financial sustainability due to its prudent cash management and healthy debt metrics. ...
Discoms`rating: Scoring 99.9 out of 100, Adani Electricity Mumbai retains top rank
Discoms`rating: Scoring 99.9 out of 100, Adani Electricity Mumbai retains top rank
Source: IANS
2024-03-13 09:35:15 am
Adani Electricity Mumbai tops Centre`s discom ranking Adani Electricity Mumbai has topped the rating list of India's 55 power distribution companies (discoms) released by the Union Power Ministry on Monday. The 12th Edition of Integrated Rating of Discoms, which evaluated the performance of 55 electricity distribution utilities, rated 12 utilities with the highest ranking of A+. In the list, Torrent Power Surat ranked at the second position, Torrent Power Ahmedabad at the third position, followed by Gujarat's state power utilities ...
Adani Electricity Mumbai tops Centre`s discom ranking
Adani Electricity Mumbai tops Centre`s discom ranking
Source: IANS
2024-03-12 10:37:30 am
REC inks pact to bankroll infra projects worth Rs 20,000 crore a year in Rajasthan  REC Limited, a Maharatna CPSE under the Ministry of Power, has signed an MoU with the Rajasthan government to finance projects across power and non-power infrastructure sectors with an investment of up to Rs 20,000 crore per annum for a period of six years, extending up to 2030, according to a company statement issued on Monday. REC chairman and MD Vivek Kumar Dewangan said, “Under this agreement, REC Limited will provide loans of upto Rs 20,000 crores annually for the next six...
REC inks pact to bankroll infra projects worth Rs 20,000 crore a year in Rajasthan
REC inks pact to bankroll infra projects worth Rs 20,000 crore a year in Rajasthan
Source: IANS
2024-03-11 02:27:59 pm
SJVN Ltd bags Rs 7,436 crore deal for setting up solar power units in Maharashtra SJVN Limited, a Mini Ratna Central public sector enterprise, has bagged a Rs 7,436 crore deal for the development of solar power projects of 1,352 MW capacity in Maharashtra with an investment of Rs 7,436 crore, the Power Ministry said on Friday. The projects will be developed through the SJVN Green Energy Limited (SGEL), a wholly-owned subsidiary of SJVN, in four districts -- Nashik, Solapur, Ahmednagar, and Pune. This will be the first contribution of SGEL towards the PM-KUSUM scheme....
SJVN Ltd bags Rs 7,436 crore deal for setting up solar power units in Maharashtra
SJVN Ltd bags Rs 7,436 crore deal for setting up solar power units in Maharashtra
Source: IANS
2024-03-09 09:50:24 am
Exclusive-Indian firms look to bet big on coal-fired power after long absence Private Indian firms have expressed interest in building at least 10 gigawatts (GW) of coal-fired power capacity over a decade, four sources familiar with the matter said, ending a six-year drought in significant private involvement in the sector. Adani Power, JSW Group and Essar Power are among the companies that have told India's power ministry they would be keen to expand old plants or develop stalled projects facing financial stress, according to the sources and a government presen...
Exclusive-Indian firms look to bet big on coal-fired power after long absence
Exclusive-Indian firms look to bet big on coal-fired power after long absence
Source: Reuters
2024-03-05 02:10:16 pm
Power stocks sparkle on prospects of rise in power demand Power sector stocks sparkled on the BSE, after Central Electricity Authority Chairperson Ghanshyam Prasad has said that peak power demand in the country is estimated to rise by 7 percent year-on-year to 260 GW this summer. The peak power demand during the summer of 2023 touched 243 GW against a projection of 229 GW. Tata Power Company is currently trading at Rs. 397.50, up by 5.80 points or 1.48% from its previous closing of Rs. 391.70 on the BSE. NTPC is currently trading at Rs. 357.50...
Power stocks sparkle on prospects of rise in power demand
Power stocks sparkle on prospects of rise in power demand
Source: Accord Fintech
2024-03-05 01:39:20 pm
Peak power demand in country estimated to rise by 7% to 260 GW this summer: Ghanshyam Prasad Central Electricity Authority Chairperson Ghanshyam Prasad has said that peak power demand in the country is estimated to rise by 7 percent year-on-year to 260 GW this summer. The peak power demand during the summer of 2023 touched 243 GW against a projection of 229 GW. The power ministry had estimated the country's electricity demand to touch 229 GW during summers in 2023, but it did not reach the projected level in April-July due to unseasonal rainfall. Peak supply, however, touched ...
Peak power demand in country estimated to rise by 7% to 260 GW this summer: Ghanshyam Prasad
Peak power demand in country estimated to rise by 7% to 260 GW this summer: Ghanshyam Prasad
Source: Accord Fintech
2024-03-05 10:32:53 am
REC lists two bonds worth Rs 5,375 crore on stock exchanges Government-owned REC Ltd, a leading NBFC under the Ministry of Power, has successfully listed two bonds worth Rs 5,375 crore on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). One bond is worth Rs 2,500 crores and has a 10-year maturity, with a redemption date of February 28, 2034, and yield of 7.47 per cent. The other one is worth Rs 2,875 crores with a maturity period of 3 years plus 2 months, with a redemption date of April 30, 2027 and a yield of 7.64 per cent. Th...
REC lists two bonds worth Rs 5,375 crore on stock exchanges
REC lists two bonds worth Rs 5,375 crore on stock exchanges
Source: IANS
2024-03-02 11:53:38 am
SJVN commissions 100 MW solar power unit in Gujarat  SJVN Ltd has commissioned its 100 MW Raghanesda Solar Power Station located in Gujarat’s Banaskatha district, making it the government-owned company’s second green energy unit to go on stream this month. According to a Power Ministry statement issued on Tuesday, the project will generate 252 million units of energy in the first year, while the cumulative energy generation over a period of 25 years is estimated to be 5,805 million units. Under a long-term power purchase...
SJVN commissions 100 MW solar power unit in Gujarat
SJVN commissions 100 MW solar power unit in Gujarat
Source: IANS
2024-02-28 09:35:52 am
Government amends electricity rules to speed up new connections, promote solar PV systems With an aim to speed up new connections, promote solar PV systems and EVs, the Government of India has approved amendments to the Electricity (Rights of Consumers) Rules, 2020. Exemption has been given for the requirement of technical feasibility study, for systems up to a capacity of 10 kW. For systems of capacity higher than 10 kW, the timeline for completing the feasibility study has been reduced from twenty days to fifteen days. Further, in case the study is not completed within the stipu...
Government amends electricity rules to speed up new connections, promote solar PV systems
Government amends electricity rules to speed up new connections, promote solar PV systems
Source: Accord Fintech
2024-02-26 02:10:49 pm
PFC rises on inking MoU with Government of Goa Power Finance Corporation is currently trading at Rs. 415.20, up by 2.85 points or 0.69% from its previous closing of Rs. 412.35 on the BSE. The scrip opened at Rs. 411.05 and has touched a high and low of Rs. 415.40 and Rs. 399.95 respectively. So far 345129 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 477.80 on 08-Feb-2024 and a 52 week low of Rs. 112.00 on 27-Feb-2023. Last one week high and low of the sc...
PFC rises on inking MoU with Government of Goa
PFC rises on inking MoU with Government of Goa
Source: Accord Fintech
2024-02-22 04:22:01 pm
NTPC signs land lease pact for setting up Green Hydrogen Hub near Vizag Power sector giant NTPC has signed a land lease agreement for the development of a world-class “Integrated Green Hydrogen Hub” on a 1,200-acre plot at Pudimadaka village near Visakhapatnam in Andhra Pradesh, the Ministry of Power announced on Wednesday. The agreement was signed between NTPC Green Energy Limited (NGEL) and Andhra Pradesh Industrial Infrastructure Corporation (APIIC) on Feb 20. The project includes construction of India's largest green hydrogen production ...
NTPC signs land lease pact for setting up Green Hydrogen Hub near Vizag
NTPC signs land lease pact for setting up Green Hydrogen Hub near Vizag
Source: IANS
2024-02-22 09:33:23 am
Power Finance Corporation inks pact to finance green projects in Goa Government-owned Power Finance Corporation (PFC) has signed a Memorandum of Understanding (MoU) to support the Goa government’s key climate projects such as renewable energy, green hydrogen and electric vehicles, waste-to-wealth technology and nature-based solutions, the Ministry of Power announced on Tuesday. The support extended would be under the Blended Finance Facility being set up by Goa government in partnership with The World Bank to foster low-carbon, climate-resilient devel...
Power Finance Corporation inks pact to finance green projects in Goa
Power Finance Corporation inks pact to finance green projects in Goa
Source: IANS
2024-02-21 09:28:30 am
India`s power consumption increases 7.5% in April-January The government data has showed that India's power consumption increased 7.5 per cent on-year to 1354.97 billion units (BU) in the April-January period of fiscal 2023-24 from 1259.49 BU in the April-January period of previous fiscal, indicating an uptick in economic activities across the country. It was 1505.91 BU in the entire fiscal year of 2022-23.   Power consumption in January rose 5.4 per cent to 133.18 BU, compared to 126.30 BU. The peak power demand met -- the highest ...
India`s power consumption increases 7.5% in April-January
India`s power consumption increases 7.5% in April-January
Source: Accord Fintech
2024-02-19 12:18:23 pm
Power ministry directs states, UTs to align with resource adequacy guidelines amid growing demand In order to ensure adequate growth in the nation’s power capacity in line with the rapidly growing electricity demand, the Ministry of Power has directed all states and union territories for adherence to ‘Resource Adequacy Guidelines’.  As per the notification released by the Ministry of Power, the Indian economy is expected to keep growing at a high rate and become the third-largest economy of the world by the year 2030. As a result, power consumption has also surge...
Power ministry directs states, UTs to align with resource adequacy guidelines amid growing demand
Power ministry directs states, UTs to align with resource adequacy guidelines amid growing demand
Source: Accord Fintech
2024-02-12 01:33:32 pm
Centre tells states to meet guidelines for ensuring adequate power to consumers  Union Ministry of Power has sent a detailed letter to all states and union territories for adherence to “Resource Adequacy Guidelines” in order to ensure adequate growth in the nation’s power capacity in line with the rapidly growing electricity demand. The letter states that as per the Resource Adequacy (RA) Guidelines, the distribution licensees are mandated to prepare RA Plan for a 10-year horizon (on a rolling basis) to meet energy requirements. “It is ...
Centre tells states to meet guidelines for ensuring adequate power to consumers
Centre tells states to meet guidelines for ensuring adequate power to consumers
Source: IANS
2024-02-12 11:36:05 am
India`s EV charging station count rises to 12,146; Maharashtra leads, Delhi 2nd The number of electric vehicle (EV) charging stations that are operating in the country has gone up to 12,146 as of February 2 this year, Minister of State for Heavy Industries, Krishan Pal Gurjar, said in a written reply in the Lok Sabha on Tuesday. The data provided by the minister shows that Maharashtra leads with 3,079 EV charging stations followed by Delhi with 1,886, while Karnataka is at the third spot with 1,041 charging stations. The top three states are followed by: Kerala (85...
India`s EV charging station count rises to 12,146; Maharashtra leads, Delhi 2nd
India`s EV charging station count rises to 12,146; Maharashtra leads, Delhi 2nd
Source: IANS
2024-02-07 10:06:00 am
PFC soars as its arm incorporates wholly owned subsidiary Power Finance Corporation is currently trading at Rs. 458.55, up by 4.65 points or 1.02% from its previous closing of Rs. 453.90 on the BSE. The scrip opened at Rs. 451.00 and has touched a high and low of Rs. 460.55 and Rs. 450.75 respectively. So far 18756 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 464.80 on 05-Feb-2024 and a 52 week low of Rs. 108.88 on 14-Feb-2023. Last one week high and low of the scr...
PFC soars as its arm incorporates wholly owned subsidiary
PFC soars as its arm incorporates wholly owned subsidiary
Source: Accord Fintech
2024-02-07 09:48:51 am
NHPC shares down more than 4% on offer for sale by government NHPC shares fell more than 4 per cent on Thursday after the central government announced an offer for sale of the company’s shares. NHPC was trading at Rs 69.80 down 4.4 per cent on BSE. The President of India, acting through and represented by the Ministry of Power, Government of India proposes to sell 2.50 per cent of the paid-up equity (equivalent to 251,125,870 equity shares) shares held in NHPC Ltd having a face value of Rs 10/- each on January 18, 2024 (T day) (for non-Retai...
NHPC shares down more than 4% on offer for sale by government
NHPC shares down more than 4% on offer for sale by government
Source: IANS
2024-01-18 12:43:34 pm
REC issues green bonds worth record 61 billion Japanese Yen in global market Maharatna public sector company REC Limited has successfully issued green bonds worth 61.1 billion Japanese Yen which is the largest ever Yen-denominated issue from India, according to an official statement released on Tuesday. The 5-year, 5.25-year and 10-year bonds have been issued at yields of 1.76 per cent, 1.79 per cent and 2.20 per cent respectively under REC’s USD 10 billion Global Medium Term Notes Programme. The transaction witnessed interest from both Japanese and intern...
REC issues green bonds worth record 61 billion Japanese Yen in global market
REC issues green bonds worth record 61 billion Japanese Yen in global market
Source: IANS
2024-01-16 03:51:12 pm
J&K power plant inks pact to supply electricity to Rajasthan for 40 yrs  Ratle Hydro Electric Power Corporation Limited (RHPCL), a joint venture company of NHPC Limited and Jammu and Kashmir State Power Development Corporation, has entered into a Power Purchase Agreement (PPA) for supplying electricity to Rajasthan Urja Vikas and IT Services Limited, the Union Power Ministry said on Thursday. The 850 MW Ratle Hydroelectric Project in J&K’s Kishtwar will provide power to Rajasthan for a period of 40 years from the Commercial Operation Date (COD) ...
J&K power plant inks pact to supply electricity to Rajasthan for 40 yrs
J&K power plant inks pact to supply electricity to Rajasthan for 40 yrs
Source: IANS
2024-01-04 04:40:23 pm
PFC climbs as its arm incorporates wholly owned subsidiary Power Finance Corporation is currently trading at Rs. 398.05, up by 11.15 points or 2.88% from its previous closing of Rs. 386.90 on the BSE. The scrip opened at Rs. 389.55 and has touched a high and low of Rs. 398.95 and Rs. 385.45 respectively. So far 209375 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 428.00 on 14-Dec-2023 and a 52 week low of Rs. 104.16 on 26-Dec-2022. Last one week high and low of the s...
PFC climbs as its arm incorporates wholly owned subsidiary
PFC climbs as its arm incorporates wholly owned subsidiary
Source: Accord Fintech
2023-12-26 10:29:23 am
Tata Power climbs as its step down arm to supply 152 MWp DCR Solar PV Modules for NTPC Tata Power Company is currently trading at Rs. 337.80, up by 4.60 points or 1.38% from its previous closing of Rs. 333.20 on the BSE. The scrip opened at Rs. 339.20 and has touched a high and low of Rs. 340.20 and Rs. 334.45 respectively. So far 2140712 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 341.30 on 14-Dec-2023 and a 52 week low of Rs. 182.45 on 28-Mar-2023. Last one week high and low of the scrip sto...
Tata Power climbs as its step down arm to supply 152 MWp DCR Solar PV Modules for NTPC
Tata Power climbs as its step down arm to supply 152 MWp DCR Solar PV Modules for NTPC
Source: IANS
2023-12-18 03:03:24 pm