Power Companies

Gujarat govt allows pass-through of higher coal cost for Tata, Adani, Essar power plants

Bringing relief to thermal power plants owned by Tata, Adani and Essar groups, the Gujarat government Saturday passed an order to allow pass-through of higher cost of coal to end consumers

SBI hopes to resolve 7-8 stressed power assets with an exposure of around Rs 17,000 cr until 11 November: Chairman Rajnish Kumar

The Supreme Court has asked the banks to maintain status quo and not to initiate insolvency proceedings against defaulting power companies till 11 November, 2018, when it would hear the case again. During this period lenders would be able to resolve stressed assets.

Supreme Court asks banks to maintain status quo in insolvency proceedings against power companies

A bench headed by Justice R F Nariman also asked the banks not to file any insolvency cases till November when the apex court would hear the matter.

AAP govt facing obstacles due to anti-corruption stance, says Kejriwal

The Aam Aadmi Party government is facing "obstacles" in governing as it has not entered into any "setting" unlike the previous dispensations in the national capital, Delhi Chief Minister Arvind Kejriwal said on Saturday.

No place for CAG interfering into private cos books: Ficci

Amidst accounts of private firms in power and telecom business coming under scrutiny of CAG, industry body Ficci said there is "no place for CAG interfering into a private company's books" as the official auditor was set up to examine accounts of government firms.

Plan panel hopeful of FSA to power cos in 2 weeks

The power projects which are scheduled to be completed by March 2015 are expected to have operational fuel supply agreement (FSAs) in place within two weeks, Planning Commission Deputy Chairman Montek Singh Ahluwalia said here today.

AG view may benefit Tata Power, Reliance on power tariffs

Attorney General of India has said the regulator should have the right to increase tariffs irrespective of the contracts signed by power producers with distribution companies

No final decision on fuel supply agreement yet: Coal India

State-run Coal India Limited, the country's largest coal miner, said its board reviewed the changes in the model fuel supply agreement (FSA) to be signed with the power firms, but did not take any final decision on it.

CIL agrees to 40% penalty for shortfall in supply to power cos

The penalty is 40 percent of the value of fuel not supplied.There will be no penalty if Coal India supplies 80 percent or above the committed quantity of the fuel.

Dikshit govt calls Kejriwal's accusation 'bunch of lies'

Targeting the Sheila Dikshit government, activist Arvind Kejriwal today alleged that power distribution companies in the capital "fudged" their records and "committed fraud" to show losses in their revenue while actually making profits.