Category Archives: Power

• GST rate on solar panel indicates grid parity: VP, Schneider

  Posted on June 5, 2017 by Diligentia News in Power.

  In lieu of the tax rate on solar panels being fixed at five percent under the forthcoming Goods and Services Tax (GST), industry players believe that solar being placed at par with coal indicates that the country is moving towards grid parity. “The fact that coal and solar has been placed at par with one […]

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• India’s Power Generating company, NTPC forays into future of power – EV Charging business

  Posted on June 5, 2017 by Diligentia News in Power.

  India’s power generating company, NTPC has forayed into EV Charging business and set up charging stations at multiple locations. First charging station has been set up at its offices in Noida and Delhi. NTPC is planning to set up many such charging stations across Delhi/NCR and other cities in near future. A 50,000 MW plus […]

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• Developers see solar tariff at Rs 1.5 a unit

  Posted on June 5, 2017 by Diligentia News in Power.

  Solar power developers are bullish on clean energy and hopeful about tariff coming down to as low as Rs 1.5 per unit on falling equipment cost and cheaper credit with assured purchase pact. Solar power tariff came down to all-time low of Rs 2.44 per unit in the auction conducted for Bhadla solar park last […]

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• Solar energy boom turns to bust for Indian manufacturers

  Posted on June 5, 2017 by Diligentia News in Power.

  Some of India’s biggest solar equipment makers are facing financial collapse, priced out by Chinese competitors as Prime Minister Narendra Modi’s government prioritises cheap power over local manufacturing despite his ‘Make in India’ push. Though President Donald Trump is pulling the United States out of the Paris accord on climate change, India is sticking to […]

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• Power generation target for FY18 is 23m units: NLC India

  Posted on June 2, 2017 by Diligentia News in Power.

  NLC India’s (formerly Neyveli Lignite Corporation) Q4 earnings beat estimates on all parameters as power generation margins improved. Lignite margins however contracted in the quarter. In an interview to CNBC-TV18, SK Acharya, Chairman of NLC India spoke about the results and his outlook for the company. He said that production efficiency led to Q4 earnings […]

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• Boosting renewable energy sources requires gas too -Con Edison

  Posted on June 2, 2017 by Diligentia News in Power.

  Shifting more U.S. energy production to renewable sources such as wind and solar power is doable but will require greater use of natural gas and overcoming opposition to building pipelines, a senior executive of a U.S. utility said on Thursday. Consolidated Edison Inc no longer defaults to the traditional utility solution of building more infrastructure […]

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• Power sector lender PFC allays fears on stressed assets

  Posted on June 2, 2017 by Diligentia News in Power.

  Power Finance Corp (PFC) on Thursday tried to allay fears of rising stressed assets on its books, saying that it was caused by the lender’s decision to apply new central bank rules and not because of any sudden deterioration in asset quality. The company will expand into refinancing and launch special financial packages for power […]

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• Adani Power ‘not cooperating’ with Crisil for rating action

  Posted on June 2, 2017 by Diligentia News in Power.

  Rating company Crisil Ltd accused the Gautam Adani-led Adani Power Ltd (APL) of not providing it with details of operations while reaffirming its stable outlook and double B minus rating, three notches below investment grade, on Rs 6,559 crore of credit facilities. Crisil said investors shouldn’t take this at face value. The company has total […]

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• Wind power competitive bidding will reduce tariffs, squeeze returns: CRISIL

  Posted on May 31, 2017 by Diligentia News in Power.

  Competitive bidding in the wind power sector would change the market landscape leading to a sharp reduction in tariffs, pressure on returns across the value chain, and consolidation of the market towards independent power producers, according to research and ratings agency CRISIL. According to its report released today, under-construction capacities without Power Purchase Agreements (PPAs) […]

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• India to be first in world to run all government ports on green energy

  Posted on May 31, 2017 by Diligentia News in Power.

  All 12 major domestic ports will soon switch to renewable energy to meet their entire power requirements, making India the first country to have all government-owned ports running on solar and wind energy. The government plans to install almost 200 megawatt solar and wind power generation capacity at the ports by 2019, officials said. Almost […]

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