Tariff relief for power projects is positive for the sector: ICRA
The Dollar Business Bureau Less dependence on the imported coal and the relief in tariff for affected projects is a positive sign for the power sector, however, the timeline for tariff relief implementation is unclear yet, said independent ratings agency ICRA. “ICRA positively takes note of the order issued by the CERC (Central Electricity Regulatory Commission) approving tariff relief under force majeure for the imported coal-based power projects of Adani Power Ltd (APL) and Coastal Gujarat Power Ltd (CGPL), affected by the change in regulations in Indonesia,” the ratings agency said. However, the implementation of tariff relief order is subject to the nod of the Supreme Court and therefore, timelines are not clear for its implementation, it said. ICRA estimated that the tariff relief, as per ...
Banks ask RBI to leave surplus cash in market for more liquidity
The Dollar Business Bureau Due to the cash crunch prevailing in the market, the banks are exacting the Reserve Bank of India to leave surplus government cash in the hands of the bank, so that they can prevent the temporary cram in the market. The momentary fall in the prices above the policy rates is one of the reasons for the cash rush we are facing, they said. During a meeting on Thursday headed by Raghuram Rajan, the banks also demanded the RBI to bring down the CRR ( the cash reserve ratio) by a percentage point so that Rs.90,000 crore would be released into the banking sector. However, central bank has not given any signal as to what its ...
Policy on coal linkages likely in 15 days: Govt
Source: PTI Power Ministry is at the final stage of framing the new tariff policy, which will soon be placed before the Cabinet for approval To ensure fuel supply to power plants, the proposed policy for coal linkages is likely to be finalised within a fortnight, the government said on Tuesday. "Coal linkages policy is likely to be finalised in 15 days," Power Secretary P K Pujari told reporters on the sidelines of a function organised by India Energy Forum. The secretary also said that efforts are being made to seek cabinet's approval on the amended power tariff policy in another 15 days. Power and Coal Minister Piyush Goyal had said in September that the Power Ministry is at the final ...
