To declare that the action of the respondents in not paying the interest on the delayed payments on the bills raised from the petitioner’s 6 MW capacity biomass power project to be arbitrary, illegal and contrary to Article 5.2 of the PPA and consequently direct the respondents to pay Rs. 31,26,772/- interest on late payment. […]
Funds tie-up for demonstrative AUSC thermal power project by end of March: R K Singh
The financial closure or tie-up of funds for the demonstrative thermal power project with Advanced Ultra Super Critical (AUSC) technology is expected to be done by month-end, Parliament was informed on Thursday. AUSC technology is designed to help power plants burn less coal for electricity production while reducing carbon dioxide (CO2) emissions. The sponsoring agency […]
NHPC Board approves merger of Lanco Teesta Hydro Power with it
The Board of Directors of state-run hydro power major NHPC on Tuesday approved the proposal to merge Lanco Teesta Hydro Power Ltd with it. New Delhi: The Board of Directors of state-run hydro power major NHPC on Tuesday approved the proposal to merge Lanco Teesta Hydro Power Ltd with it. Lanco Teesta Hydro Power is […]
India Ratings downgrades rating for NTPC BHEL Power Projects, terms outlook negative
The company’s revenue has successively declined to Rs 0.7 billion in financial year 2019 (FY19) from earlier Rs 1.3 billion in FY18 and Rs 6.7 billion in FY17, led by the slow project execution and the absence of new orders New Delhi: India Ratings and Research (Ind-Ra) has downgraded the credit rating and revised the […]
Egat, B.Grimm ink major hybrid power deal
The state-run Electricity Generating Authority of Thailand (Egat) has signed a contract with B.Grimm Power-Energy China Consortium to develop the world’s largest hydro floating solar hybrid power project at Sirindhorn dam in Ubon Ratchathani. Egat and the consortium signed the agreement on Monday evening. The project has a power capacity of 45 megawatts for the […]
Is there room for the Singapore-Australia power project in a crowded market?
Incumbent gencos are grappling with overcapacity and excess gas supply. Sun Cable’s massive plan to provide a fifth of Singapore’s electricity supply with a 10-gigawatt (GW) Australian solar farm connected to the city via undersea cable might just come to fruition after it scored a $46m investment from two billionaires, Mike Cannon-Brookes and Andrew Forrest. […]