Sembcorp Energy, Jaiprakash Associates, IL&FS and RKM PowerGen are among eight companies that responded to the government’s pilot scheme to aggregate and auction power purchase agreements (PPAs), to help them generate electricity from idling plants and repay loans.
Bids were received for 2,200 mw PPAs against 2,500 mw offered by the government.
Projects of some companies, including GMR Energy, Coastal Energen and Lanco Infratech, which do not have assured coal supplies or are pending in insolvency court, could not participate in the bidding process, people close to the development said.
Haryana Chief Minister Manohar Lal Khattar has accorded approval for installation of 10 lakh smart power meters in five districts of the states. A Memorandum of Understanding between Energy Efficiency Services Limited (EESL), a joint venture of PSUs under Union Ministry of Power, and Haryana Power Distribution Utilities would be signed soon, an official spokesman said here today.
He said the decision was taken to improve the financial condition of power distribution companies, to encourage energy conservation and to tackle problems relating to payment of electricity bills.
The Gujarat government on June 23 launched a solar power scheme for farmers- Suryashakti Kisan Yojana (SKY) enabling them to generate electricity for their captive consumption as well as sell the surplus power to the grid and earn an extra buck.
Announcing the pilot project of the scheme in Gandhinagar, chief minister Vijay Rupani termed it a revolutionary step towards empowering farmers to generate their own electricity using solar energy and help doubling their income.
The Punjab government has hiked the electricity duty by 2% for all categories of consumers in rural areas of the state, making power 25 paise more expensive per unit. The rate has been enhanced from 13% to 15% with effect from April 1 this year.
The 2% hike will make the state government richer by about Rs 200 crore, and is estimated to bring total duty collection for electricity to more than Rs 1,300 crore per year. The electricity duty for both rural and urban consumers has now become identical.
Axis Bank has put up for sale Lanco Kondapalli Power, which owns and operates 1476 MW gas based power plants as the power producer failed to pay dues. Without mentioning the name of the company Axis Bank, as a lead banker (RPT) as a lead banker, called Expression of Interest (EoI) for the sale of three gas-based power projects with a combined capacity of 1476 MW.
Sources close to the development said the power projects are of Lanco Kondapalli, which was once a subsidiary of beleaguered Lanco Infratech Limited.
Power Minister R K Singh said today that the government will consider making 24 degree Celsius as mandatory default setting for air conditioners within a few months.
At a meeting with Singh, AC makers were also advised to have labelling indicating the optimum temperature setting for the benefits of consumers both from financial and their health points of view, the power ministry said in a statement.
The temperatures settings in ACs will be in the range of 24 to 26 degree Celsius, it said.
The Ministry for Power, Government of India, has set solar renewable purchase obligation (RPO) for financial year (FY) 2019-2020 at 7.25 percent. The non-solar RPO for FY 2019-2020 has been set at 10.25 percent.
There has also been an increase in the percentage of solar RPO for the next financial year, compared to the current fiscal. The solar RPO for current fiscal is 6.75 percent, this will go up by 0.50 percent next year. But the non-solar RPO has remained constant at 10.25 percent.
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has waived off the processing charges for online payment of bills in order make it popular among consumers.
All types of online payment gateways, including debit card, digital wallets, cash card and Unified Payments Interface (UPIs), have been exempted from processing charges. “For bill payment up to Rs 2,000, we used to charge 0.62% towards processing charges. It was 0.82% for payment above Rs 2,000. Now, no processing charge is applicable for online payment,” Mumbai-based central public relation officer of MSEDCL P S Patil said.
A major aspect of why a buyer is deterred from opting an electric vehicle in India is the lack of charging infrastructure, which gives way to the anxiety of running out of juice. Now though, the situation is on the trend of getting better and Magenta Power is doing its bit to add to it. The company, a service provider of renewable energy solutions in association with Exicom, has installed India's first Solar Charging Station (DC Fast Charge) in Navi Mumbai. Since it is powered by solar energy, the cost comes to nill. And to forward this benefit to the end consumer, Magenta is offering free of cost fast charging to electric vehicle owners.
The state government will have to go for a hike in the power tariffs, Electricity Minister M M Mani said on 12th June. Addressing a press conference here, Mani said the Kerala State Electricity Board’s (KSEB) debts amount to Rs 7,300 crore. There is no other option but go for a hike. The government, however, has not arrived at any decision in this regard, he said. Power tariffs in the state were last hiked on December 7, 2016. On the controversial Athirapally hydel project, he said he was all for the project, but the 163 MW initiative did not stand a chance at present due to the massive opposition.