New Delhi: State-run hydro giant NHPC on Monday said it has inked a MoU with Green Energy Development Corporation of Odisha Limited (GEDCOL) to form a joint venture for developing floating solar energy projects in the state with initial capacity of 500 MW. “A Memorandum of Understanding (MoU) has been signed between NHPC Ltd […]
NHPC Floats Tender For Procurement contract for 50MW floating solar power project in Kerala
Engineering Procurement and Construction contract for 50MW floating solar power project at West Kallada, in Kollam District Kerala For more information please see below link:
REC appoints Ajoy Choudury as Director Finance from June 1
Ajeet Kumar Agarwal Director (Finance), who was also holding additional charge of the post of Chairman & Managing Director of the REC, has superannuated on May 31, 2020 and ceased to be a director on the board from June 1 New Delhi: State-owned shadow banking firm REC Ltd on Monday said its Executive Director Ajoy […]
NHPC Explores Power Projects in Union Territory of Ladakh
With a view to leverage development of Hydro and Solar Power Projects in Union Territory of Ladakh, Shri A.K. Singh, CMD, NHPC, the Central PSU under Ministry of Power called on Shri R.K. Mathur, the Lt. Governor of UT of Ladakh on 29.05.2020 at J&K Bhawan, New Delhi. The meeting was held to discuss NHPC’s […]
NHPC to suffer power generation loss of Rs 119.43 cr due to lockdown
The shortage of labour may affect the construction schedule and enhance the completion cost of the project, it added. At Subansiri Lower, it said all construction work was suspended from March 24 because of lockdown New Delhi: State-run hydro-power giant NHPC on Friday said it would suffer electricity generation loss of Rs 119.43 crore due […]
NHPC to develop 155 MW hydro, 50 MW solar projects in Ladakh
“While explaining the techno-commercial viability of projects, NHPC proposed that taking advantage of high solar irradiance of the region, blending of hydro power with solar power may also be explored,” said a press release New Delhi: State-run hydro power giant NHPC is planning to develop three hydropower projects with a total capacity of 155 megawatt […]
NHPC board okays foray into solar power business
“It is to inform that board of directors of NHPC Ltd in its meeting held today…has considered and approved the proposal regarding diversification of business of the company by development of Solar Power Projects,” a statement said New Delhi: State-run hydro power giant NHPC on Thursday said its board has approved the proposal to foray […]
MoP to ask CPSEs to give 25% rebate on power bills to discoms
The order, likely to dent the CPSUs revenues severely, is likely to be issued by the power ministry anytime after market closing hours on Friday New Delhi: In a major hit to central power companies including NTPC, NHPC and Power Grid Corporation (PGCIL), the power ministry is likely to advise them to forego upto one-fourth […]
Moody’s outlook negative for Indian power sector
Maintaining liquidity buffers will be key for companies’ credit profiles. New Delhi: Moody’s Investors Service has changed its outlook for the Indian power sector to negative from stable on declining power demand, payment delays and an adverse impact from government measures that favor consumers over utility companies. The report dated May 15, however, is silent […]
PFC-REC loans can be recalled if discoms don’t shape up: Power Minister RK Singh
Non-compliant state-run electricity distribution companies (discoms) run the risk of losing their share of the Rs 90,000 crore loan that the government announced on Wednesday to inject liquidity into the segment. If discoms do not take appropriate steps to reduce their losses, they would be denied the facility, Union power minister RK Singh said […]