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Wind generation falls, Tangedco may purchase power

According to reports, wind power generation fell to 495MW on Monday night from nearly 3000MW a few days ago. Monday being a holiday due to Janmashtami, power demand in the state was less than 10,000MW, and with the help of standby thermal units, Tangedco was able to supply power. Wednesday could be a challenge for the discom when the demand is expected to cross 13,000MW. Without wind power generation and both the units of Kudankulam, it could be tough to ... Read More »

Grid Connectivity for Wind Power: Making a case for bid winners

According to reports, the Ministry of New and Renewable Energy has made a strong pitch before the central electricity regulator seeking that wind developers who have bagged projects at recent bidding exercises and those who go on to win bids in future auctions be accorded “priority” for getting transmission connectivity to the grid. The ministry, in its August 11 missive to the Central Electricity Regulatory Commission (CERC), has cited the need for “regulatory support” as a prerequisite to achieve the ... Read More »

Why Indian power companies must dump coal and bet big on solar, wind

According to reports, the economics of coal-fired power generation is incredibly vulnerable, much more so than is recognised. Coal is particularly at risk from competition from low cost renewables, volatile commodity prices, growing concerns about air pollution, worsening water availability for cooling, the increasing incidence of heat waves that reduce operating efficiencies and, of course, necessary action to tackle climate change. These factors in combination are driving the structural decline of coal, led by China. According to Wood MacKenzie, coal use in China ... Read More »

Sanghvi warning may hit other wind firms

According to reports, Sanghvi Movers has cut its capex for FY18 and warned of a bleak outlook for wind energy equipment companies in the coming months due to tariff revisions being planned by various state governments. “Due to change in business conditions and more particularly government of India’s policies towards wind energy sector, we expect slowdown in our business volume and therefore expect decrease in the turnover and profitability of our company during the current financial year,” said Sanghvi Movers, in an ... Read More »

Inox Wind consolidated net loss of Rs.39 crore in Q1FY18, vs net profit of Rs. 11.8 crore in Q1FY17

Inox Wind standalone revenue for the quarter came in at Rs. 105.9 crore, registering 75.6% yoy decline. EBITDA for the quarter reported loss of Rs. 13.42 crore vs EBITDA profit of Rs.45.5 crore in corresponding quarter previous year Further poor operating performance led to net loss of Rs.39 crore in Q1FY18 vs net profit of Rs.11.81 crore in Q1FY17. The company sees this as a temprory downtrurn caused due to change in FIT based market regime to auction based  market ... Read More »

Tangedco hits ‘century’ in a 1st, sells wind power

According to reports,the state this week started sale of wind power, with Tamil Nadu Generation and Distribution Corporation Ltd (Tangedco) on Thursday and Friday trading more than 150MW with Power Exchange India Ltd (PXIL), at a tariff of between Rs 5.25/unit and Rs 6/unit. This is at a far remove from the situation only a couple of years ago, when private wind energy companies in the state blamed Tangedco for losses due to the discom’s failure to evacuate the power they generated. “Wind power generation ... Read More »

Wind energy companies move Madras High Court against auction of Tamil Nadu projects

According to reports, Wind energy companies have moved the Madras High Court against the Tamil Nadu electricity distribution company’s move to auction wind energy projects with a new base price, and the sector regulator’s decision to allow the auction. Indian Wind Energy Association (IWEA), an industry body of wind energy developers, has moved the high court, challenging a Tamil Nadu Electricity Regulatory Commission (TNERC) order to allow Tamil Nadu Generation and Distribution Co (TANGEDCO) hold a wind auction for 500 MW with ... Read More »

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