India’s plan for installing 175 GW of renewable energy capacity by 2022 was first announced in 2015. In a path-breaking announcement made at the global climate summit in September 2019, the prime minister stated that […]
During the past year, the power sector witnessed significant challenges, particularly structural issues on the distribution side, modest private sector PLFs, and waning investor interest in renewables. Going forward, with the new government’s thrust on […]
Stressed assets were a constant problem for the power sector in the past year. At the same time, significant developments such as the mandatory adoption of letter of credit (LC) as a payment security mechanism […]
In recent years, the transmission and distribution (T&D) equipment market’s growth has been driven largely by the government’s thrust on 24×7 Power for All, rural electrification and renewable energy, as well as government schemes such […]
High operational losses and financially strapped balance sheets of discoms continue to hamper the development and strengthening of the power distribution network in the country. The government is now looking to roll out the second […]
Over the past one year, the power sector has witnessed some positive developments such as improvement in payment security, approval of recommendations of the High Level Empowered Committee (HLEC) and the new hydro policy. In […]
The power sector witnessed an uptick in corporate activity in the past year. In the generation segment, while conventional capacity commissioning was tepid with only central and state public majors adding new projects, significant renewable […]
The power ministry is preparing to launch the next set of reforms for the distribution segment. Over the past two decades, several reform schemes have been introduced in the segment – a one-time settlement scheme […]
India’s power demand is expected to grow by 7-8 per cent in the short run and is expected to register double digit growth in the long run, says Gurdeep Singh, chairman and managing director, NTPC […]
The power sector is growing steadily with rapid renewable energy addition and increasing electricity demand backed by the government’s Saubhagya scheme. However, the distribution segment continues to weigh down the sector with large outstanding dues […]
There was a steady stream of merger and acquisition (M&A) activity during the year, driven by the sale of distressed assets, consolidation and market penetration by foreign investors. A key M&A deal in the public […]
The Bombay Stock Exchange (BSE) Power Index tracks the share prices of 16 power companies operating across various segments of the industry and is weighted by free-float capitalisation. Over the past 12 months, it plunged […]
Power sector financing witnessed several notable developments over the past year. These include the acquisition of REC Limited by the Power Finance Corporation (PFC), the revision of stressed asset guidelines by the Reserve Bank of […]
The operational performance of power utilities has improved over the past year. The plant load factors (PLFs) of thermal power plants (TPPs) have recovered marginally owing to increased demand, while the majority of the state […]
The flexibility offered by hydropower plants has significant value for secure and reliable operation of the grid, especially with growing renewable penetration. Hydropower plants provide the benefits of overload capability, fast ramping and peaking support, […]
NHPC Limited, the country’s largest hydro company, has an installed base of more than 7 GW (including joint ventures [JVs]). It witnessed the highest ever power generation and plant availability factor during 2018-19, as a […]
The Security Constrained Economic Despatch (SCED), which facilitates the supply of cheaper electricity based on merit order, has been under implementation since April 1, 2019. It is part of a six-month pilot for thermal interstate generating […]
Power Grid Corporation of India Limited, the country’s biggest transmission company, continues to be on a strong footing with an impressive operational and financial performance. Addressing shareholders at the company’s 30th annual general meeting, K. […]
As power systems transition to sustainable energy sources, two key technologies that are expected to gain traction are electric vehicles (EVs) and energy storage. The year 2018 was a record year for energy storage, which […]
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