The state government has instructed power trading company Gridco Ltd to engage an independent agency to find out power purchase rate from NTPC, which has demanded higher rate citing rising cost of generation due to use of imported coal.
State-owned power generator NTPC hopes its captive coal output would reach 100 million tonnes (mt) as soon as its 10 coal blocks start operations, aided by faster clearances and the part-privatisation model of mine development and operator (MDO).
Chart via ShutterstockPower generator NTPC Ltd is set to launch its Rs 1,750-crore tax-free bond issue on Tuesday. The proceeds would help fund its ongoing Rs 22,200 crore capital expenditure target for the current financial year, the firm said.
Major NTPC power plants situated in the state - Talcher Super Thermal Power Station (TSTPS) and Talcher Thermal Power Station (TTPS) - have reported limited coal supply and production curtailment due to the fuel supply issues, but are expecting that
The Dabhol power plant is so identified with its infamous parent, Enron, that many still recall how the then US Assistant Secretary Christina B Rocca said India's problems with foreign investment could be summed up in five letters: e-n-r-o-n.
At a time when the poor health of electricity distribution firms are raising concerns, NTPC chief Arup Roy Choudhury today said the problems with state electricity boards are more of "political and social" in nature.
Arup Roy Choudhury, CMD, NTPC has been given additional charge of chairman, Damodar Valley Corporation Ltd. w.e.f. from November 28, 2013 till appointment of a regular incumbent or until further orders.
NTPC, the country’s largest power generator, posted a 21 per cent fall in net profit to Rs 2,492 crore for the quarter ended September, due to lower demand for power from state utilities and a rise in imported fuel cost, which took a toll on
NTPC, which holds 32.68 per cent equity in Ratnagiri Gas & Power (RGPPL), has set up a committee to look into the issues faced by the Ratnagiri (formerly Dabhol) project.The project remains closed since July 15 for want of gas.