Business

POSOCO signs MoU with IMD for better electricity grid management

National grid operator POSOCO signed a memorandum of understanding with the India Meteorological Department (IMD) today where both the parties agreed that weather information provided by IMD will be used by the Power System Operators across India for better management of the Indian Power systems and for the purpose of analysis. […]

Business

Union Minister RK Singh Takes Review Of Thermal Power Plants

Secretary (Power) Shri Alok Kumar, Senior officials of the State Governments, and Gencos were present in the meeting held virtually. The Minister highlighted the importance of importing coal for blending in the thermal power plants, in view of the constraints in domestic coal supply to meet the increased demand. […]

Business

Chenab Valley Power Projects

Cabinet approves construction of 540 Megawatt Kwar Hydro Electric project through M/s. Chenab Valley Power Projects Private Limited; Project is expected to generate 1975 million units of electricity […]

Business

Ministry of Power has been monitoring coal

domestic coal supply to be made proportional to the coal received from CIL/SCCL for all the Gencos;
Not maintaining adequate fuel stocks or not giving availability on any pretext (such as the high price of imported coal etc) is inexcusable: Ministry of Power […]

Markets

PFC Ltd releases 5000Cr worth Public Issue Debentures

Public Issue of Debentures amounting to Rs. 5,000 crores by PFC Ltd. opens on January 15, 2021; Debentures offer coupon rates ranging upto 7.15% p.a.$ across maturities; Rs. 500 crores base Issue size; option to retain oversubscription up to Rs. 4,500 crores aggregating upto Rs. 5000 crores, which is within the shelf limit of Rs 10,000 crores; Allotment on first-come, first-served basis […]