Category Archives: Power

• GST impact on thermal power sector to be marginally positive: ICRA

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

  Reduction in tax rate on domestic coal will provide a relief in the cost of power generation even after accounting for an increase in capital cost due to higher tax rates in boiler, turbine, generator segment, research and ratings agency ICRA said today. The GST Council earlier this month placed domestic coal under the 5 […]

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• Solar panels to attract 5 per cent rate under GST: Revenue Secy Hasmukh Adhia

  Posted on May 30, 2017 by Diligentia News in Power.

  The centre has finally clarified that solar panels will attract a 5 per cent tax rate under the Goods and Services Tax (GST), contrary to the 18 per cent rate which was announced earlier. “All solar equipments and its parts would attract 5% GST only,” Revenue secretary Hasmukh Adhia tweeted. Power, coal, mines and renewable […]

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• Bihar announces mega renewable power policy; to add 3,400 MW in five years

  Posted on May 30, 2017 by Diligentia News in Power.

  The Bihar government has come up with a new renewable power policy for the state where it looks to set up over 3,400 Megawatt projects based on non-fossil fuel-based resources in the next five years. The policy is likely to spur investments to the tune of Rs 20,000 crore in energy projects, according to Centre […]

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• Barring 6 states and Chandigarh, India to turn power surplus this fiscal

  Posted on May 30, 2017 by Diligentia News in Power.

  Most parts of the country will have surplus power availability in the current financial year thanks to higher electricity generation, the Central Electricity Authority said. The apex power sector planning body said in a report that in 2017-18, there will be anticipated energy surplus of 8.8 per cent and peak-hour surplus of 6.8 per cent. […]

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• OPINION: Bring electricity under GST soon

  Posted on May 30, 2017 by Diligentia News in Power.

  One glaring anomaly in the forthcoming rollout of the goods and services tax (GST) is that electricity duty remains outside its purview. While scores of central and state taxes are to be done away with to usher in GST -so as to modernise the indirect tax regime, eschew cascading taxes on inputs, with set-offs provided […]

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• No uptake for rooftop solar in Indian cities

  Posted on May 30, 2017 by Diligentia News in Power.

  India might be playing a leadership role in bringing the world together for the International Solar Alliance, but it is struggling with the adoption of solar rooftops in its metro cities, a recent study has shown. Despite friendly policies and net metering guidelines in several states and a subsidy of 30 per cent offered by […]

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• Thermal power stations in MP consume excessive coal

  Posted on May 29, 2017 by Diligentia News in Power.

  At a time when state-owned thermal power generation companies are facing acute scarcity of coal and there is hardly 4-5 days of coal stock left—thermal power plants are using as much as 45% excessive coal! Shri Singaji Thermal Power Station in Khandwa district leads the pack when it comes to consuming excessive coal. The power […]

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• Now, cables under ground to power Maharashtra city

  Posted on May 29, 2017 by Diligentia News in Power.

  The recent pre-monsoon showers exposed the shaky condition of the overhead power cables, which snapped at ease and left many city areas in dark for hours in the rain. Soon, city consumers will not have to suffer from power cuts due to damage poles and electricity wires. The city has received Rs 22.66 crore for […]

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• India extends $500-mn credit line to Mauritius; ISA ratification among host of pacts

  Posted on May 29, 2017 by Diligentia News in Power.

  A $500-million line of credit (LoC) from India to Mauritius is among four agreements signed by the two countries following delegation-level talks headed by Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth here on Saturday. “#IndiaMauritius – New Vistas for a Futuristic Partnership,” External Affairs Ministry spokesperson Gopal Baglay tweeted, listing out the […]

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• Government clarifies tax on solar power equipment, parts at 5%

  Posted on May 29, 2017 by Diligentia News in Power.

  The government will levy a 5 per cent tax on all equipment required for generating solar power compared with nil duty now, a government official clarified, putting an end to confusion about the new taxation policy for the industry after its landmark tax reform. “All solar equipments and its parts would attract 5 per cent […]

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