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Power PSU News

POSOCO asks power exchanges to stop trading by 27 discoms due to their pending dues

POSOCO has asked three power exchanges -- IEX, PXIL and HPX -- to restrict electricity trading by 27 discoms in 13 states having outstanding dues

Q1 FY’23: SJVN clocks-in 12.29% growth in power generation

SJVN has registered a jump of 12.29 percent in power generation during the first quarter (Q1) of the current fiscal year (FY 2022-23)

NTPC targeting 26 MT captive coal production in FY’23

NTPC is targeting 26 million tonnes of captive coal production in the current fiscal, with focus on such mines situated mostly in Jharkhand

Q4 FY’22: Power Grid registers 18% increase in net profit of Rs 4,156 crore

Power Grid has posted a net profit of Rs 4,156 crore in the fourth quarter (Q4) of FY'22 on a consolidated basis, which is 18 percent higher over Q4 of FY'21

RK Singh launches Powerthon-2022. Know here what it is

Powerthon-2022 is being launched in line with the aim of Revamped Distribution Sector Scheme (RDSS) to find technology-driven solutions to solve the complex problems in power distribution

PFC, REC further reduce lending rates by 40 bps

Power Finance Corporation (PFC) and REC Limited have further reduced their lending rates across all types of loans by 40 bps

NTPC receives acknowledgement from UN for its commitment towards clean energy

NTPC Limited has received a letter of appreciation for its efforts and commitments towards the process of energy compact

NTPC Barh Super Thermal Power Station begins commercial operations Thursday midnight

NTPC Limited on Thursday said that the 660 MW unit of its Barh Super Thermal Power Station will start commercial operation from midnight of November 11, 2021

REC raises $75 million via SOFR linked term loan with SMBC

Along with USD 75 million loan, REC has also entered into an interest rate swap referencing SOFR to hedge the interest rate risk on this facility, which is the first such deal by any corporate in India

Coal crisis: NTPC ties up additional coal from Talabira Coal mines of NLC in Odisha

In its effort to strengthen fuel security, NTPC Limited has commenced coal offtake from Talabira Mines of NLC in Odisha

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