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Tata power- may not be able to run mundra power project after February

Facing liquidity crunch, company urges states to expedite pass-through of fuel costs; Centre asks states to decide by Jan 15 or face shortage without ministry support. Gujarat, Haryana, Rajasthan, Punjab and Maharashtra buy power from the Rs 18,000-crore plant. NEW DELHI: Tata PowerNSE -1.73 % will be forced to stop operating its imported coal-based Mundra […]

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Adani Power Q2 profit nosedives to Rs 4 crore

November 14, 2019 Anand Gupta

ADL’s total expenses during the quarter were Rs 6,658.44 crore, compared with Rs 6,955.35 in the year-ago period New Delhi: Adani Power (APL) on Wednesday said its consolidated net profit nosedived to Rs 3.88 crore in the quarter ended September 30, mainly due to a fall in revenue from operations. It had clocked a net […]

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Grapevine: JSW, others circle Jhabua; LGT-Aspada platform may invest in AMP Energy

October 18, 2019 Anand Gupta

Avantha Group’s Jhabua Power, which is undergoing insolvency proceedings, has received expressions of interest from JSW, Adani Power, NTPC Ltd and Tata Power-backed Resurgent Power, people in the know told The Economic Times. Expressions of interest were also received from a few Singapore-based distressed asset investors and some local asset reconstruction companies, along with Vedanta […]

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Adani Power arm REGL to supply 295 MW to Tamil Nadu, Telangana under power ministry’s scheme

September 14, 2019 Anand Gupta

The scheme is to facilitate the procurement of power for three years from coal-based power plants that are already commissioned and do not have power purchase agreements New Delhi: Adani Power on Friday said its arm Raigarh Energy Generation Ltd (REGL) will supply a total of 295 megawatts (MW) to Tamil Nadu and Telangana over […]

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Adani Power completes acquisition of GMR Chhattisgarh Energy

August 3, 2019 Anand Gupta

The Raikheda power plant is situated close to the coal bearing areas of Chhattisgarh. New Delhi: Adani Power on Friday said it has completed acquisition of GMR Chhattisgarh Energy (GCEL), which owns and operates a 1,370 MW (2 X 685 MW) power plant at Raikheda village in Raipur. “52.38 per cent of the equity stake […]

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Power engineers seeks review of PPAs with exorbitant electricity rates

July 15, 2019 Anand Gupta

PATIALA: All India Power Engineers Federation (AIPEF) strongly opposes any amendment in the Electricity Act aimed to destroy the public sector and pave the path for privatisation. The state governments must review the Power Purchase Agreements (PPA) with independent power producers having exorbitant electricity rates. AIPEF fully supports Andhra Pradesh government’s pledge to review PPA’s […]