Power & Energy News Monthly Archive May 2016

MAY 31 2016

BGR Energy posts 48% jump in net at 28 crore

  • PTI, ETEnergyWorld / New Delhi, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

BGR Energy Systems has posted a 48 per cent increase in its net profit at Rs 27.96 crore in the March quarter compared to year-ago period. The company had posted a net profit of 18.82 crore in the ...

MAY 31 2016

117 more villages get electricity link

  • IANS, ETEnergyWorld / New Delhi, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

A total of 117 villages in 10 states were electrified during last week ending May 29, under the DeenDayalUpadhyaya Gram JyotiYojna, an official statement said on Monday.  "Of these ...

MAY 31 2016

Government offers online facility for installing solar rooftops

  • PTI, ETEnergyWorld / New Delhi, 30th May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

Government has put in place a centralised facility which will enable consumers to apply online for installation of solar rooftops on their premises. "We have provided for an online facility where ...

MAY 31 2016

Headwinds in MP and Maha to affect wind power capacity addition

  • Debjoy Sengupta, ETEnergyWorld / Kolkata, 30th May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

Headwinds in Madhya Pradesh and Maharashtra is likely to affect wind power capacity addition in FY2017 although long term demand potential remains intact, said ICRA in a recent ...

MAY 31 2016

NTPC records FY16 profit of Rs. 10,242.91 crore, highest ever generation of 241.975 Billion Units

  • ETEnergyWorld, ETEnergyWorld / New Delhi, 30th May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

NTPC Limited recorded a Total Income of Rs. 71,696.07 crore for the Financial Year 2015-16 and a Profit After Tax of Rs. 10,242.91 crore, the company said in a statement today. NTPC's Bond Issue ...

MAY 31 2016

Electricity may get costlier due to rise in coal prices

  • ET Bureau, ETEnergyWorld / Kolkata, 30th May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

Electricity may get costlier by 10 to 13 paise per unit after Coal India (CIL) increased prices on Sunday. The price of coal grades consumed by the power sector G8 to G13 have been increased 13.4% ...

MAY 31 2016

CPM & CPI clash over 163 MW Athirappally power project in Kerala

  • ET Bureau, ETEnergyWorld / Kochi, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

Less than a week after they were sworn in, the two leading parties in the ruling Left Democratic Front (LDF), CPI and CPM, have started sparring over the question whether the state should ...

MAY 31 2016

Low fuel costs aid NTPC, but demand revival is key

  • R. Sree Ram, Live Mint / 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

Shares of NTPC Ltd gained 2.29% on Monday after the company reported a lower-than-expected drop in net profit for the March quarter. Against the Street estimate of 17% decline, profit fell 8% from ...

MAY 31 2016

Power deficit may reach 5.6 per cent by fiscal 2021-22: Study

  • PTI, ETEnergyWorld / New Delhi, 30th May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

Country's power deficit may rise to 5.6 per cent by fiscal 2021-22, from 2.6 per cent of peak demand in the last fiscal, on demand overtaking supply, a study said today. Power shortage lowest ever ...

MAY 31 2016

KNPP's Units 4 and 5 general framework to be signed this year

  • PTI, ETEnergyWorld / Moscow, 30th May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

The general framework agreement for Kudankulam Nuclear Power Plant's (KNPP) Units 4 and 5 would be signed this year while negotiations were underway over configuration of Units 5 and 6, a Russian ...

MAY 31 2016

Suzlon Energy net loss narrows to Rs 270.55 crore in March quarter

  • PTI, ETEnergyWorld / New Delhi, 30th May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

Suzlon Energy Ltd's consolidated net loss narrowed down to Rs 270.55 crore for the quarter ended March 31, on higher sales and lower expenses. The company had posted a consolidated net loss after ...

MAY 31 2016

New wind power capacity may decline to 2,500 MW in FY17: ICRA

  • PTI, ETEnergyWorld / New Delhi, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

New capacity addition by the wind power sector may decline to 2,500 MW in current fiscal against that of 3,415 MW in last fiscal due to challenges faced by the segment in the two states of Madhya ...

MAY 31 2016

Power sector wakes up to Rs.30k-cr opportunity

  • Sumit Jha, the Financial Express / New Delhi, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

More than three months after the tariff policy amendments were unveiled by the government, the power sector is waking up to an obscure provision that has the potential to attract over ...

MAY 31 2016

BHEL shares plunges nearly 6% post Q4 results, should you buy?

  • FE Online, The Financial Express / New Delhi, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

Bharat Heavy Electricals (BHEL) shares declined nearly 6 per cent on Monday after the state-run power equipment maker on Friday posted 59.5 per cent fall in net profit figures to Rs 359.58 crore ...

MAY 31 2016

Coal scam accused moves SC in Jindal case

  • FE Bureau, The Financial Express / New Delhi, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

An accused in the coal scam case on Monday moved the Supreme Court seeking to restrain the CBI from further investigating the coal block allocation case allegedly involving Congress leader and ...

MAY 31 2016

Coal scam: SC says no to urgent hearing plea by Jindal

  • PTI, ETEnergyWorld / New Delhi, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

The Supreme Court today refused to accord urgent hearing to a plea of industrialist Naveen Jindal, an accused in a coal scam case, seeking a stay on a special court order asking CBI to probe ...

MAY 31 2016

CBI backs accused to be approver in coal scam case

  • TNN, ETEnergyWorld / New Delhi, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

The CBI on Monday supported the plea of an accused to become an approver in the Amarkonda coal scam case in which industrialist and Congress functionary Naveen Jindal is an ...

MAY 31 2016

Coal India rallies as company hikes coal prices by 6%

  • Bureau, ETEnergyWorld / New Delhi, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

Shares of Coal India, country's largest coal miner, ended higher by 3.8 per cent on Monday after the company said it will hike coal prices by 6 per cent effective from Monday. The move is in order ...

MAY 31 2016

CIL coal price tweak to impact power tariff: Sources

  • PTI, ETEnergyWorld / Kolkata, 30th May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

The largest miner Coal India's price rise will increase power tariff as impact on regulated sector coal is 8 per cent. While the overall price hike would be about 6.2 per cent, the effect on ...

MAY 31 2016

CIL hikes coal prices to keep pace with rising costs

  • Bureau, The Hindu Business Line / Kolkata, 31st May 2016 Published on : 31st May 2016
  • Created:Tue 31st MAY 2016

Electricity consumers are in for another price shock. Beginning May 30, Coal India increased prices of lower grade coal (G6 to G17) by 13 to 19 per cent.This is the first broad-scale price ...