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India's power sector

08 Sep 2024

India's Power Sector To Rise 2.2 Times To USD 280 Bn By FY30: Report

The American firm noted that the power intensity will be essential to sustain the economy's growth, as the GDP is expanding at a rapid pace.

22 Jun 2016

Relief for discoms: Cabinet extends timeline for states to join UDAY scheme

Union Cabinet on Wednesday approved a proposal to extend timeline for joining UDAY scheme meant for revival of debt-laden discoms and issue bonds for paying their outstandings during this fiscal.

India's power sector

09 Feb 2016

India likely to spend $1 trillion on power by 2030: Piyush Goyal

India is expected to spend a whopping USD 1 trillion (about Rs 65 lakh crore) by 2030 on ramping up its power infrastructure as one of the world's largest energy consumers aims to provide 24/7 electricity to its citizens.

India's power sector

06 Feb 2016

Not a single power plant facing coal shortage now: Piyush Goyal

The government has transformed the country's coal scenario in a short span and not a single thermal power plant is now facing shortage of the fuel, Union Minister Piyush Goyal said on Saturday.

New power tariff policy

20 Jan 2016

Centre clears new power tariff policy to boost investment, clean energy

The Centre on Wednesday unveiled a new power tariff policy which allows 100 percent expansion by existing power plants, passing on levies to consumers and purchase of 100 percent electricity produced from waste.

Moody's Investors Service

18 Nov 2015

NTPC to benefit from UDAY, improved environment: Moody's

The government will retain a 70 percent stake and NTPC remains of strategic importance.

04 Nov 2015

Govt to unveil big power reforms in next couple of days: FM Jaitley

Jaitley said India is generating more power than it needs. "First time in history, we have surplus resource. The generation companies are in difficulty because there are no takers of power."

20 Feb 2015

Coal auction to yield nearly Rs 1 lakh crore to states

Respective states will get nearly Rs l lakh crore, including royalty, over the next 30 years from 16 coal blocks sold so far through the ongoing auction, a top government official said on Friday.

25 Dec 2014

Government launches auction process for 24 coal mines

The government on Thursday kickstarted the auction process for cancelled coal mines with the launch of a portal for electronic bidding for 24 coal blocks in the first tranche.

25 Dec 2014

Government launches e-auction portal for coal mines

The e-auction process, for which the guidelines were approved by the Union Cabinet along with the ordinance, would start with 24 coal mines.

24 Dec 2014

First batch of e-auction of 24 mines to commence today

The e-auction process, for which the guidelines were approved by the Union Cabinet yesterday along with the ordinance, would start with 24 coal mines on Thursday.

12 Dec 2014

Fitch retains stable outlook on power sector in 2015

Rating agency Fitch Friday retained its stable outlook on India's power sector in 2015 but warned producers and grid operators will continue to face challenges by way of high capex levels and fuel shortages leading to negative free cash-flow in the medium-term.

07 Aug 2014

Eight crore households in India still without electricity: Piyush Goyal

Eight crore households in the country, home to more than 40 crore people, have no access to electricity, Power Minister Piyush Goyal admitted in Lok Sabha on Thursday.

17 Jul 2014

Raising power tariffs in Delhi a regulatory decision: Goyal

For commercial consumers, DERC hiked the power rates by up to 11 per cent.

23 Jun 2014

Power Minister to meet bankers today, to discuss bottlenecks

In a bid to restore investor confidence in electricity generation sector, Power Minister Piyush Goyal will meet bankers on Monday to discuss the financing bottlenecks affecting the industry and the way forward.

India's power sector

18 Jun 2014

'Asset quality risks from power sector weaknesses to continue'

India's power sector will continue to be a source of asset quality risk for banks if the poor financial profiles of state electricity board distribution companies (discoms) do not improve through further structural reforms, Moody's Investors Service said.

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