The Gujarat government has directed its power distribution company to raise tariffs of the three imported coal-based power plants owned by Tata Power, Adani Power and Essar Power by amending their power purchase agreements (PPAs) and approaching the power regulators for approval.
This comes as a big relief for the three plants which together can generate about 10,000 mw but have been making heavy losses after an abrupt jump in the price of Indonesian coal and the refusal of various states to pay higher tariffs as they said the power producers were bound by the PPAs. The matter has lingered for years as it was put up to various regulators, courts, committees, appellate authorities and governments. Gujarat Urja Vikas Nigam Ltd (GUVNL), the main power procurer from the three plants, has been directed to immediately amend the pacts and approach regulators for tariff adoption and approval, sources said. The directive was issued late on Saturday night by the state. The amended PPAs will soon be circulated among other states for cabinet approvals, they said.
“It is decided to execute amendments in PPAs of Adani Power and Essar Power Gujarat Ltd and approach appropriate regulatory commission for approval of the
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Source: http://shivacement.com/future_plan.php Growth
plans for next five years has been finalized envisaging 15 times growth
of the present capacity in two phases. SCL already entered an MOU with
Govt. of Orissa to this effect. This will facilitate statutory
approvals, additional land, mines, water & power. Additional land
and environment clearance has been already obtained for Phase-1
expansion upto 1.0 Mn.TPA. Phase-2 expansion above 2.0 Mn.TPA shall be
taken up after completion of Phase-1 with a time gap of one year.
Looking into rising cost of power, SCL is envisaging
to add captive power plant in
The Exchange has sought clarification from the company with respect to news Flash appearing on ET NOW - October 23, 2018 titled "MCX board discussed potential merger with NSE in todays meeting".<BR> <BR>The reply is awaited.
Leading commodity bourse MCX posted a 23.25 percent jump in its consolidated net profit at Rs 35.93 crore in the second quarter of the 2018-19 fiscal on higher income.
Its net profit stood at 29.15 crore in the same quarter last fiscal, as per the regulatory filing.
Net income rose to Rs 93.27 crore in the July-September quarter of the 2018-19 fiscal from Rs 91.54 crore in the year-ago period.
Commenting on the performance, MCX managing director and CEO Mrugank Paranjape said: "The second quarter of FY'19 has been yet another impressive period with 12.2 percent year-on-year (YoY) growth in turnover. Our robust performance in the quarter as well as first half of the fiscal was driven by strong growth in base metals and energy segments."
As the company moves into the second half of 2018-19, he said, "We will continue to focus our efforts on tapping opportunities and enriching our products for the further growth of commodities market. We are also determined to develop new products that shall help us reach out to more market participants.
In a big relief to Adani Group and Tata Power, the Supreme Court on Monday allowed state discoms and power producers move CPEC