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 […]
NHPC raises Rs 750 crore via bonds
It has said that the issue was oversubscribed 3.87 times i.e. for Rs 2899 crore amid Covid-19 outbreak. New Delhi: NHPCNSE -0.48 % Ltd on Thursday said it has raised Rs 750 crore through private placement of bonds at 6.80% per annum for a loan tenure of 10 years. The company in an official statement […]
NHPC 2000 MW Solar ISTS bid Results dated 16th April 2020
NHPC 2000 MW Solar ISTS bid Results dated 16th April 2020 Final list 1. SoftBank: 600 MW 2. O2: 380 MW 3. Axis ventures: 400 MW 4. Eden: 300 MW 5. Avaada: […]
NTPC, NHPC, REC & Other Power Ministry PSUs Donate Huge Rs 925 Cr To PM-CARES Covid Fund
On Tuesday, the public sector undertakings of Ministries of Power and MNRE announced that it would contribute a whopping Rs.925 crore to the PM CARES On Tuesday, the public sector undertakings of Ministries of Power and MNRE announced that it would contribute a whopping Rs.925 crore to the PM CARES fund launched by Prime Minister […]
Discoms’ outstanding dues to power gencos rise nearly 32% to Rs 88,311 cr in January
Distribution companies (discoms) owed a total of Rs 67,012 crore to power generation companies in January 2019, according to portal PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators). Power producers’ total outstanding dues owed by distribution firms rose nearly 32 per cent to Rs 88,311 crore in January […]
NHPC To Develop Renewable Energy Projects In Kerala
Thiruvananthapuram: A team from NHPC’s Renewable Energy Division held meeting with Shri N.S. Pillai, IA&AS, Chairman and Managing Director, Kerala State Electricity Board regarding development of Floating Solar project and Wind Power Project in Kerala by NHPC on 19.03.2020 at Thiruvananthapuram, Kerala. Shri B.P. Rao, General Manager (I/c-RE), NHPC and Shri Himangshu Saha, General Manager […]
NHPC pays to govt Rs 841 cr as interim dividend
“NHPC paid an interim dividend of Rs 840.96 crore to the Government of India for the financial year 2019-20 on March 3, 2020,” it said New Delhi: State-owned hydropower giant NHPC on Wednesday said it has paid Rs 840.96 crore as an interim dividend to the Centre for the financial year 2019-20. NHPC had paid […]
Abhay Kumar takes over as NHPC CMD
Hyderabad: Abhay Kumar Singh has taken over as Chairman and Managing Director of NHPC Ltd on Monday. Prior to his appointment as CMD, Singh was Executive Director of NHPC. He was also a nominee director in Loktak Downstream Hydroelectric Development Corporation Ltd. NHPC is India’s premier hydropower utility and a Schedule ‘A’ Enterprise of Government […]
NHPC 2000 MW Solar PV Project ISTS-I
NHPC 2000 MW Solar PV Project ISTS-I Tentative List of Participants. 1. ReNew: 600 MW 2. SoftBank: 600 MW 3. Avaada: 600 MW 4. Tata: 300 MW 5. O2 Power: 300 MW 6. Brookfield: 400 MW (Axis Energy Hyderabad) 7. AMP Solar: 300 MW 8. NTPC: 300 MW 9. EDEN: 300 MW Total Capacity Received: […]