APTEL upholds appeal of Reliance Power arm

The Appellate Tribunal for Electricity (APTEL) has upheld the principle of fuel cost pass-through in its judgment pronounced in an appeal filed by Vidarbha Industries Power Limited (VIPL), a subsidiary of Reliance Power Limited. VIPL had challenged order issued by Maharashtra Electricity Regulatory Commission (MERC) on June 20, 2016, which partially disallowed fuel costs for […]

Moody’s: US unregulated power and utilities outlook remains negative

The outlook for the US unregulated power and utilities industry remains negative, reflecting low natural gas prices that will continue to weigh on wholesale power prices in the next 12 to 18 months, according to Moody’s Investors Service in its yearly outlook. “Low natural gas prices are detrimental to the economics of coal and smaller […]

Piyush Goyal meets Ibrahim Baylan for Renewable Energy Cooperation

Piyush Goyal, Union Minister of State for Power, Coal, New & Renewable Energy and Mines, is on an official visit to Sweden from November 1-3, 2016 at the invitation of the Swedish Minister for Policy Coordination & Energy, Ibrahim Baylan. During his 3 day visit ,Goyal had a bilateral meeting with the Swedish Minister for […]

CARE upgrades Suzlon rating to BBB

Suzlon Group announced that rating agency CARE has upgraded its investment grade credit rating to BBB from the earlier BBB- . Kirti Vagadia, Chief Financial Officer, Suzlon Group said: “The improved credit rating is a testament of our efforts towards achieving the sustainable turnaround alongwith disciplined approach in managing operations. The upgraded rating is an […]

Inox Wind Q2 net profit at Rs.56.46 crores

Inox Wind Limited reported its financial results and financial performance for the second quarter and the first half of the financial year ending 31st March 2017. The Total income from operations for the quarter was Rs. 800.17 crores. EBITDA (including Other Income) for the quarter was Rs. 116.98 crores and PAT was Rs. 56.46 crores. […]

NTPC Q2 net profit at Rs. 2496 crore

NTPC Ltd posted a net profit of Rs. 24959.70 mn for the quarter ended September 30, 2016 as compared to Rs. 30392.30 mn for the quarter ended September 30, 2015. Total Income has increased from Rs. 182181.60 mn for the quarter ended September 30, 2015 to Rs. 195885.60 mn for the quarter ended September 30, […]

IEA raises five-year renewable growth forecast

The International Energy Agency said that it was significantly increasing its five-year growth forecast for renewables thanks to strong policy support in key countries and sharp cost reductions. Renewables have surpassed coal last year to become the largest source of installed power capacity in the world.   The latest edition of the IEA’s Medium-Term Renewable […]

Piyush Goyal lays foundation stone for Atal Akshay Urja Bhawan

Piyush Goyal, Union Minister of State for Power, Coal, New and Renewable Energy and Mines, laid the foundation stone for Atal Akshay Urja Bhawan. The building has been named after former Prime Minister of India, Atal Bihari Vajpayee, as he laid the foundation stone for the Wind Turbine Testing Station of the National Institute of […]

UAE signs an agreement with India on Renewable Energy Cooperation

By Solar Times News Service The Union Cabinet chaired by the Prime Minister Shri Narendra Modi was apprised of a General Framework Agreement (GFA) on Renewable Energy Cooperation between India and United Arab Emirates (UAE). The GFA was signed, in New Delhi on 11th February this year during the state visit of Crown Prince of […]

States agree on 24×7 powers to the households by next

By Solar Times News Service All the States have resolved to provide 24×7 power to all households by May 2017, around a year ahead of target set by the Prime Minister, said Union Power Minister Piyush Goyal at the end of a two-day meeting of Power Ministers, which concluded in south Goa yesterday. Addressing a […]