Power
India hands over first payment for energy project to Sri Lanka
High Commissioner of India to Sri Lanka, Santosh Jha on Thursday handed over the first payment for Hybrid Power Projects aimed at addressing energy needs in Delft, Nainativu and Analaitivu islands, the Indian Embassy in Sri Lanka said in a statement.
Cabinet clears ₹4,136 crore for North East Hydropower expansion
The union cabinet has approved funding of ₹4,136 crore to aid northeastern states in developing hydropower projects with a capacity of 15,000 MW over the next eight years. The central assistance will cover up to 24% equity stake in joint ventures, with implementation between FY25-32 under the power ministry's budgetary support.
Centre to provide Rs 4,136 crore for hydropower projects in northeast region
The Union Cabinet has approved a proposal from the Ministry of Power to provide financial assistance to north eastern state governments for hydroelectric projects through joint ventures with Central Public Sector Undertakings. The scheme, with an outlay of Rs. 4136 crore, aims to support 15000 MW of hydro capacity and will be implemented from FY 2024-25 to FY 2031-32.
Taliban-led Afghanistan govt serves Kalpataru Projects tax notice of more than Rs 1 crore
Kalpataru Projects International Ltd has been served a tax notice by Afghanistan's government for missing declarations for the years 2020-21 and 2021-22. The notice demands AFN 8,952,704 in taxes and fines. Additionally, the company received a GST tax demand in India amounting to Rs 10.50 lakh along with penalties.
Adani incorporates new power company in UAE, will invest in power, infra & related fields
Adani Power has incorporated a new subsidiary, Adani Power Middle East Ltd, in Abu Dhabi to invest in power and infrastructure sectors. The new subsidiary, entirely owned by Adani Power, has an authorized capital of USD 27,000. Adani Power continues expanding its power projects, recently signing a significant contract with BHEL for supercritical thermal power projects.
Five Indian power companies face over $1 billion payment outage risk in Bangladesh
Bangladesh owes over $1 billion to five Indian power companies, with Adani Power leading the list at $800 million for its Jharkhand-based plant. SEIL Energy India is owed about $150 million, while NTPC is due nearly $80 million. The payments are overdue amidst political turmoil in Bangladesh, which recently led to the Prime Minister fleeing to India.
BHEL secures Rs 11,000 cr contract for three supercritical power projects from Adani Power
Bharat Heavy Electricals Limited (BHEL) announced a contract with AdPower Limited (APL) and its subsidiary Mahan Energen Limited (MEL) for developing three Supercritical Thermal Power projects worth over Rs 11000 crore, excluding GST. The agreement, signed on Sunday, entails the supply of critical equipment and supervision of the erection and commissioning processes for the projects.
Bid deadline for Sinnar Power extended by one month
The Sinnar Power plant's bidding deadline has been extended to September 20, allowing more time for due diligence. Key concerns include a lack of coal linkage and railway connectivity. Major power producers, including Adani Power and JSW Energy, have expressed interest in the plant located near Nashik, Maharashtra.
Plan to deploy 40-50 small modular nuclear reactors: Tata Consulting Engineers CEO Amit Sharma
"We are going to take the old design of the PHWR and then reconfigure and redesign it to be modular, scalable and safety-aligned to post-Fukushima standards," Amit Sharma, the managing director and CEO of Tata Consulting Engineers, said.
KSK lenders to sell company's two arms to Medha Servo Drives
Lenders have decided to sell two key ancillary companies of KSK Mahanadi Power to Medha Servo Drives, choosing them over Adani Power, the highest bidder. The ancillary companies, Raigarh Champa Rail Infrastructure and KSK Water Infrastructure, are critical for operating the 1,800-megawatt plant. Medha Servo offered to pay almost all dues to lenders, receiving the highest requisite vote. The plan is pending approval from the NCLT.
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Adani Power has $800 million in unpaid dues from Bangladesh
Adani Power: Bangladesh owes $800 million to Adani Power Ltd. for electricity from its coal-fired plant in Jharkhand. Unpaid dues could disrupt electricity supply. The interim government is negotiating with Adani to resolve this and seeking additional IMF loans to manage economic challenges. Adani's international expansion carries significant financial and geopolitical risks.
Peak power demand to grow by 15GW/year for next 6 years: Govt Official
Power demand in India is expected to grow by 15 GW annually over the next six years, a significant increase from the 11 GW per year observed in the past decade, according to Additional Secretary Power Srikant Nagulapalli. By 2030, an additional 85 GW of demand during solar hours and over 90 GW during non-solar hours is anticipated.
India, US strengthen energy ties
The power ministry met with a US delegation led by John Podesta to explore technical exchanges and financial support for modernizing India's energy infrastructure. Discussions included upgrading transmission systems, increasing manufacturing capacity for large transformers, and partnering on energy storage studies. Both sides emphasized the importance of deepening their cooperation in driving the global clean energy transition.
Adani Power gets NCLT’s nod to acquire Lanco Amarkantak Power for Rs 4,101 crore
Adani Power Ltd's resolution plan to acquire Lanco Amarkantak Power Ltd (LAPL) has been approved by the Hyderabad bench of NCLT. Adani Power intends to pay Rs 4,101 crore to take over the distressed company, which has admitted liabilities of Rs 15,633 crore.
14 hydropower projects damaged due to flash floods in Himachal since July 25
At least 14 hydroelectric projects in Himachal Pradesh have been damaged due to flash floods since July 25, some multiple times over the past decade. Experts recommend disaster risk analyses, robust disaster management plans, and early warning systems to mitigate the impact on communities and power generation.
Kalpataru Projects International gets tax notice from GST Authority
"The authority has demanded to pay an aggregate tax amount of Rs 10.50 lakh and a penalty of Rs 1.50 lakh. The authority has also proposed to levy interest as applicable," the filing said.
