Banks unhappy over change in development model for power projects
Lenders to power projects, particularly, banks have raise concern over the change in development model drafted in the new standard bidding document. Under the draft standard bidding document (SBD), the ministry has proposed changing the development model from build-own-operate to design-
Karnataka CM demand UMPP in Dakshina Kannada
Karnataka chief minister Jagadish Shettar has asked the Union power minister to consider setting a UMPP in Karnataka urging the centre to set up an Ultra Mega Power Project (UMPP) in the coastal district of Dakshina Kannada. In a letter to Union Minister of State for Power, Jyotiraditya M Scindia, Chief Minister Jagadish Shettar noted that a team of officers last year had visited fou...
Reliance Power Q3 net zooms over 30% to Rs 266 cr
Reliance Power reported over 30% jump in net profit at Rs 266 crore for the third quarter ended December 31, 2012.
Reliance Power's Tilaiya Project exempted from land compensation
The ministry of power has clarified that Reliance Power's Tilaiya ultra mega power project (UMPP) enjoys the exemption from a key provision of the Forest Act stating that the project's status is on a par with 'central government undertakings'.
PFCL begins feasibility studies for 2nd UMPP in Jharkhand
The nodal agency for ultra mega power projects (UMPP) in the country, Power Finance Corporation Ltd (PFCL) said that it has initiated preliminary studies to assess the feasibility for setting up of a second 4,000 Mw UMPP in Husainabad, Jharkhand.
Reliance Infrastructure pins hope on UMPPs to boost order book
Anil Ambani-led company Reliance Infrastructure is looking at Reliance Power's ultra mega power projects (UMPP) to boost its order book.
New bidding norms for power projects will not need EGoM consent
The new bidding norms being formulated for power projects may not require approval from the Empowered Group of Ministers, thus easing regulatory hurdles for developers.
Court gives Reliance Power time till Nov 22 to settle dispute
Coastal Andhra Power (CAPL), a Reliance Power owned subsidiary, has been given time till November 22 to settle the issues related to the change in Indonesia’s coal policies with its power buyers. A division bench of the Delhi High Court gave this order on 18 October.
RPower’s Sasan UMPP begins coal production from its captive block
Anil Dhirubhai Ambani-owned Reliance Power (RPower) has announced that the company has started production from captive coal mines allotted for its showcase Sasan Ultra Mega Power Project (UMPP) last month, despite a government directive asking the company to stop mining activities till few formalities are completed.
Tata Power synchronises 800 Mw sized unit of Mundra UMPP
Tata Power through its wholly owned subsidiary Coastal Gujarat Power Ltd (CGPL) has announced synchronisation of 800 Mw sized Unit 3 of the country’s first ultra mega power project (UMPP) in Mundra, Gujarat.
Planned giant power plants find no lenders
With financial institutions (FIs) refusing to fund future projects, saying the new norms make them unviable, India’s plan to build giant power plants to meet growing energy needs is facing a bottleneck.
Tata Power sees Rs 3k crore equity erosion in Mundra UMPP project
Tata Power has seen erosion of more than 60% of the Rs 4,500 crore equity investment in its 4,000 Mw Mundra ultra mega power project (UMPP).
BOOT model not suitable for setting up power project: Experts
The Build-Own-Operate-Transfer (BOOT) model would not be suitable for setting up power plants in the country and could lead to complications in the sector, experts said.
New bidding norms for UMPP, 25-yr levelised tariff goes
The bidding for Ultra Mega Power Projects (UMPPs) will be based on first year tariff and not 25 years levelised tariff, as was the practice earlier. The new norm would be applicable for the three UMPPs planned in Tamil Nadu, Odisha and Chhattisgarh.
Debt stressed power cos, banks may have tough times ahead if coal blocks are cancelled
The finance ministry on Tuesday said that 10 corporate entities, which are projected to generate 70% of all power in next five years, will become more vulnerable if coal blocks allotted to them are cancelled en masse. The balance sheets of these companies, the ministry cautions, are already stretched with high levels of debt.