India to stop thermal coal imports; save Rs 40,000 cr

In view of rising production of the dry fuel, India plans to completely stop thermal coal imports in 2-3 years that would result in annual savings of Rs 40,000 crore, Union Minister Piyush Goyal on Friday said.

'Cabinet note soon on linkage auction for power plants'

The Coal Ministry will soon move a draft Cabinet note for auctioning linkages for the dry fuel to the power sector.

PFS sanctions Rs 1,100 crore loans for power sector

PTC India Financial Services Ltd (PFS) has sanctioned loans of about Rs 1,100 crore to provide financial assistance to the power sector.
 

Coal India's supply to power sector up 7% in April-December

Coal India's supply to power sector up 7% in April-December

The supply of the fossil fuel by Coal India (CIL), which accounts for over 80 percent of the domestic production, in the April-December period last fiscal stood at 280.210 MT, according to official data.

Coal to remain dominant fuel for India's power sector: Report

Coal to remain dominant fuel for India's power sector: Report

Coal will remain the dominant fuel for India's power sector over 10-year forecast period to 2025 despite growth in alternative sources, including renewables, BMI Research, Fitch Group company, has said.

Power sector revival a priority: Jaitley

The minister also said the main challenge in the power sector is at the last mile as many discoms are in distress.

IDFC to set aside additional Rs 2.5K cr as special reserve

IDFC on Friday said government's moves on gas and power sector have not had desired impact and it is forced to create a special reserve of Rs 4,500 crore to cover expected losses from power sector loans, which will ring-fence its soon-to-be-launched universal bank.

IDFC to increase provisioning for exposures

The power sector comprises 40 percent of IDFC's book, which decreased 8 percent in FY15 to Rs 54,745 Cr.

Will upgrade old power plants into UMPPs: Goyal

The government is looking at the option of upgrading existing power plants into larger capacity Ultra Mega Power Projects (UMPPs) using clean technology and to offer them in plug and play mode, Power Minister Piyush Goyal said on Wednesday .

Centre to invest Rs 10,000 crore in northeast power sector

 The Centre will invest Rs 10,000 crore in the power sector of the eight North Eastern states, including Sikkim, Union Power, Coal and NRE Minister Piyush Goyal said here on Thursday.

Govt cuts natural gas prices by 8% to $4.66 per unit

Natural gas prices was Tuesday cut by about 8 percent to USD 4.66 a unit to reflect the softening in international prices, a move that will lower electricity and fertiliser costs.

Govt lowers April-Sept natural gas prices by 8%

Natural gas prices have been slashed by 8 percent to USD 4.66 per unit for the first half of next fiscal year from April 1 on gross heat value basis.

Natural gas price to be cut by 9% to $4.56 from April 1

The government had in October last year fixed natural gas price at USD 5.05 per million British thermal unit.

Power sector total loan from banks at Rs 5.83 lakh crore

The total outstanding credit to the power sector from various banks amounted to Rs 5.83 lakh crore at the end of 2014 but the government has no plans to reschedule the loans to electricity generating firms.

India 3rd least efficient coal-fired power generating nation

Chinese and US companies generate power through "least efficient and most polluting form of coal-fired generation", followed by Indian firms at the third position globally, says a report.

Govt to train 7 lakh people by 2018 to meet power sector needs

The government aims to train as many as 7 lakh people for various segments in power generation in line with its ambitious plans of producing 1,75,000 MW renewable energy 2022.

White Paper on power sector in Delhi to be brought out

A white paper on the power sector will be brought out by the Delhi government to make people aware of the current situation, Chief Minister Arvind Kejriwal said on Tuesday.

'Aggressive bidding in auction to be credit -ve for power cos'

Rating agency Crisil Wednesday said the aggressive bids by companies in the ongoing coal blocks auctions, especially by the power sector, will be credit negative for them.

PM opens GE's multi-modal manufacturing facility at Chakan

Spread over 68 acres in MIDC Industrial Park at Chakan II, the facility will generate over 1,500 jobs.

AAP victory in Delhi elections not to have long-term impact on stocks, say investors

Victory of the Aam Aadmi Party (AAP) in Delhi announced on Tuesday will have no long-term impacts to stocks, with Delhi being a small part of the overall market in India.