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Home2021February

Month: February 2021

No Picture
Central Sector

Powergrid reports a 26 per cent rise in consolidated net profit for December quarter

February 15, 2021

 Power Grid Corporation of India Limited (Powergrid) has reported a rise of 26 per cent in consolidated net profit at Rs 33.67 billion for the quarter ended December 2020, mainly on the back of higher […]

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State Sector

PSPCL faces subsidy shortfall of Rs 55 billion

February 15, 2021

Punjab State Power Corporation Limited (PSPCL) is reportedly facing a massive power subsidy shortfall of more than Rs 55 billion till January 31, 2021.  … The agricultural subsidy is estimated to be about Rs 68 […]

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State Sector

Technical evaluation of bids for Chandigarh UT discom privatisation in two weeks

February 15, 2021

The technical evaluation of the six power companies which had applied for the privatisation of the electricity department of the union territory of Chandigarh is expected to start in two weeks. … The companies which […]

O&M of Power Plants

Key Statistics: Fly ash utilisation at thermal power plants

February 14, 2021
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International News

NEA charges the 220 kV Dana–Kushma line in Nepal

February 12, 2021

Nepal Electricity Authority’s (NEA) 220 kV Dana–Kushma power line and associated 220 kV substations have been charged and are ready for operation. … The project entailed the construction of two substations at Dana in Myagdi […]

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Private Sector

Premier Energies to set up Rs 4.83 billion solar cell facility in Hyderabad

February 12, 2021

Hyderabad-based Premier Energies is setting up a new facility at an investment of Rs 4.83 billion in Hyderabad. The plant will produce 1.5 GW of solar cells and modules against the current capacity of 500 […]

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Central Sector

CIL’s net profit drops 21 per cent to Rs 30.85 billion in December 2020 quarter

February 12, 2021

Coal India Limited’s (CIL) net profit increased by 21.3 per cent and stood at Rs 30.85 billion for the quarter ended December 2020 as against Rs 39.23 billion in the same period last year. … […]

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State Sector

SECI extends deadline for 20 MW solar plus 20 MW storage tender in Leh

February 12, 2021

The Solar Energy Corporation of India (SECI) has extended the bid submission deadline for its tender for the commissioning of a 20 MW (AC) solar PV power plant (50 MWp DC) with 20 MW/50 MWh […]

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Central Sector

PFC’s income increases 16.15 per cent to Rs 184.42 billion in December 2020 quarter

February 12, 2021

Power Finance Corporation Limited has recorded a total consolidated income of Rs 184.42 billion for the quarter ended December 2020, an increase of 16.15 per cent over Rs 158.78 billion in the corresponding period last […]

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Reforms and Regulations

MoP issues amendments to the guidelines for TBCB process for procurement of RTC power

February 12, 2021

The Ministry of Power (MoP) has issued amendments to the guidelines for tariff-based competitive bidding (TBCB) process for procurement of round-the-clock (RTC) power from grid-connected renewable energy power projects, complemented with power from any other […]

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Central Sector

NTPC commissions fourth unit of Kameng hydroelectric project

February 12, 2021

The fourth unit of 150 MW capacity of the 4×150 MW Kameng hydroelectric project of NTPC Limited’s subsidiary, North Eastern Electric Power Corporation Limited is commercially operational. Unit-1 and 2 of the project were commissioned […]

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International News

China plans to raise minimum renewable power purchase to 40 per cent by 2030

February 11, 2021

China will necessitate regional grid firms to buy at least 40 per cent of power from non-fossil fuel sources by 2030 in order to meet the it’s climate targets. .. According to a draft policy […]

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State Sector

SEC clears Rs 1,180 billion investments in renewable energy in Rajasthan

February 11, 2021

The State Empowered Committee (SEC) under the Rajasthan Enterprises Single Window Enabling and Clearance Act, 2011 has recommended six projects worth Rs 1,180 billion for consideration of special package under the Rajasthan Investment Promotion Scheme. […]

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Central Sector

Coal imports increase by 15 per cent in December 2020

February 11, 2021

India’s coal import increased by 15.1 per cent to 23.63 million tonnes (mt) in December 2020 compared to 20.52 mt in December 2019. … Non-coking and coking coal imports stood 15.63 mt and 5.36 mt […]

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Private Sector

IEX divests 5 per cent stake in IGX to GAIL

February 11, 2021

The Indian Energy Exchange (IEX) has announced further divestment of 5 per cent equity stake in the Indian Gas Exchange (IGX) to GAIL (India) Limited, marking it the third investor to participate in the platform. […]

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Central Sector

India to witness increase in energy demand over next 20 years: IEA report

February 11, 2021

According to International Energy Agency’s (IEA) report, The India Energy Outlook 2021, the country’s energy demand will grow at the fastest pace globally by 2040 in line with the country’s economic expansion. As per the […]

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Company Release

Tapovan barrage bore the brunt of the Uttarakhand natural calamity

February 11, 2021

The unfortunate flash flood in Uttarakhand – caused by unprecedented snowfall that triggered an avalanche – has led serious devastation in Uttarakhand. While rescue operation is on by teams of ITBP, Indian Army and Navy, […]

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International News

Siemens bags SAR57 million 380 kV reactors’ contract from Saudi’s SEC

February 10, 2021

Siemens Saudi Arabia has bagged an EPC contract worth SAR57.3 million from the Saudi Electricity Company (SEC) for the installation of 380 kV reactors at the Hail 3 substation. . The contract involves the installation […]

No Picture
Private Sector

Virescent Infrastructure floats first solar InvIT

February 10, 2021

KKR backed-Virescent Infrastructure has floated a infrastructure investment trust (InvIT) in the green power space and sought the approval for the Securities Exchange of India. … The company is in the process of acquiring a […]

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Central Sector

Nepal to receive 100 MW of additional electricity from India

February 10, 2021

In India-Nepal Joint Standing Technical Committee meeting, India has expressed its intent to sell an additional 100 MW of electricity to Nepal, through NEA’s 400 kV Dhalkebar–Muzaffarpur line, the country’s first-ever high-voltage, cross-border transmission line. […]

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