Category: Trading

June 27, 2017

When about 1, 00,000 power connection holders of different categories, including domestic and commercial will wake up on Saturday morning, they will find a private operator manning the power distribution and maintenance system of Gaya, Bodh Gaya and Manpur regions.India Power, the company that got the franchise for power distribution in selected areas from the South Bihar Power Distribution Company, has promised prompt fault repair, efficient billing and quality power to the electricity users of the franchise area.Conceding the distribution network was in near shambles and needed major overhaul, Sidhartha Mehta, CEO of the India Power, told the media that the company will spend about Rs 150 crore, in the next two years, to strengthen the distribution network, plug the leakages and modernize the billing system, by installing smart meters. The smart meters to be installed by the private company will conform to the South Bihar Power Distribution Company’s specifications. Dispelling apprehensions about steep hike in power tariff, the company CEO made it clear that there will be no unilateral tariff hike and that the company will only charge the rate fixed by the government, on the recommendations of the regulatory authority. The company will have no role in tariff fixation, said the CEO.According to company PRO, Rakesh Ranjan, the company priorities include detailed route survey

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October 15, 2015

PTC India Limited has signed a memorandum of understanding with Solar Energy Corporation of India for sale and purchase of power generated from 3,000 mw solar projects on long-term basis. The contract will be valid for 25 years from the time these units start generating commercially and the power will be sold to state-based utilities.

Under the arrangement, Solar Energy Corporation will facilitate development of 3,000 mw solar projects at various locations in India on behalf of central public sector units, government and private agencies. PTC, India’s leading power trading company, will purchase solar power offered by Solar Energy Corporation or the project developers for sale to state utilities at a tariff that will be determined by the corporation through the reverse auction process or any other competitive route.

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September 25, 2015

NEW DELHI: For the next six months, Delhiites don’t need to worry about a power tariff hike as the power regulator says the distribution companies are profitable at the prevailing rates. Delhi Electricity Regulatory Commission (DERC) on Thursday said it had assessed the tariff petitions submitted by the discoms—BRPL, BYPL, Tata Power Delhi and NDMC—and found a combined surplus of Rs 445 crore for the current financial year. A tariff hike is now unlikely before March, when the regulator will review the power purchase adjustment charges (PPAC) order.

This is the first time since 2011 that tariffs have not been increased. Delhi government was quick to claim credit for the regulatory decision, which chief minister Arvind Kejriwal attributed to “honest politics”. Power minister Satyendar Jain while applauding DERC for not hiking rates, said, “The government is of the firm view that tariffs should have been reduced. The government is also of the view that the regulatory assets being demanded by the discoms are highly inflated and these should be completely scrapped by DERC.”

DERC chairperson P D Sudhakar said the regulator chose not to increase the rates taking int

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August 31, 2015

On CNBC-TV18’s show Super Six, market gurus Manav Chopra, Meghana Malkan and Gaurav Bissa, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read into the detailed analysis before agreeing to any or all the bets.
 

Manav Chopra of Networth Stock Broking

First buy call is on HCL Technologies  . The stock on the daily charts has formed a very strong reversal formation and has bounced from its oversold zone. The prices have also recently tested its long-term averages, which indicates that the current uptrend is intact. Looking at the overall formation, we expect the stock to move higher as the overall oscillators are still in the buy mode. At the current levels there are important support clusters around the levels of Rs 940 on the intraday charts. We recommend a buy with a stoploss of Rs 930 for an upside target of Rs 980.

My second call is sell on Coal India  . The stock has been on a downtrend and has been forming a series of lower tops and bottoms. Looking at overall formation we expect the stock to decline as the prices are also trading below its important short-term moving averages of five DMA. At the current levels, we recommend a sell with a stoploss of Rs 360 and we expect a lower target of Rs 340.

Meghana Ma

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August 5, 2015

In what is a sign of sagging spot electricity demand in the country, there has been absolutely no off-peak hour trade on power exchanges since trading hours were extended last month.

Off-peak is the 17-hour period from 5pm to 10am the following day. On July 20, the two power exchanges, Indian Energy Exchange (IEX) and Power Exchange of India Ltd (PXIL) began trading round the clock. Officials at IEX, the predominant electricity trading platform, say that in the last fortnight, not a single megawatt of electricity has been traded during the off-peak hours.

“Till now, there have been no bids in the off-peak hours,” an IEX official told HT. Almost 80% of the spot electricity trade is carried out on IEX. Although the Central Electri­city Regulatory Commission (CERC) had directed the exchanges to extend trading hours from August 1, they extended them on July 20 itself. The CERC order is for a six-month period on a pilot basis. However considering the falling trajectory of spot rates, it seems unlikely that demand would pick up anytime soon.

“The government is unable to appreciate that it is becoming a demand issue. Who has the money to buy?” asks Sambitosh Mohapatra, partner at PricewaterhouseCoopers India. Mohapatra says that the lack of demand is understandable considering the overall waning demand for spot power in the country in

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May 7, 2015

Power tariffs were revised in Haryana, effecting an average increase of about 8.5 per cent though farmers and those belonging to the Economically Weaker Sections (EWS) have been spared. The Haryana Electricity Regulatory Commission (HERC) announced the hike in power tariff with effect from April 1, 2015. An official spokeman said “Up to first 50 units the rate will be Rs 2.70 per unit as compared to Rs 4.93 in Delhi and Rs 4.52 in Punjab. In case of 50 to 100 units in Haryana it will be Rs 4.50 per unit while in Delhi it is Rs 4.51 and in Punjab it is Rs 4.52 per Unit.” He added that an average increase of about 8.5 per cent has been made in power tariff for other categories of consumers. The power tariff for industrial consumers has also been hiked. High Tension Industries tariff in Haryana will be Rs 7.46 per unit as compared to Rs 8.89 in Delhi and Rs 7.81 in Punjab. Low Tension industries will be Rs 6.76 per unit in Haryana whereas it is Rs 9.97 in Delhi. In case of commercial category, the effective tariff of power upto 100 units consumpt

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May 7, 2015

A Parliamentary panel opined that development of future markets for trading power could result into artificial shortage of electricity which would push prices upwards. The Parliamentary Standing Committee on Energy said in its report on Electricity (Amendment) Bill 2014 said “Allowing forward future trading at this juncture in the power sector will result into manipulations/artificial shortages which will push the prices upwards causing net loss to common customers,” The panel headed by BJP MP Kirit Somaiya explained, “..it won’t be feasible to have forward and future contracts/market at this juncture. More than 95 to 98 per cent distribution of power is with discoms/PSUs. Where is question of forward and future trading?” Under the bill, government wants to amend Section 66 for developing futures market for trading of power. After the amendment, the electricity commissions would have to follow directions issued by central government for the purpose. At present under Section 66, the commission’s action for the purpose is guided by National Electricity policy. The committee suggested that upcoming lignite or coal based power plants shall establish renewable energy generation capacity which shall not be less than five per cent of their installed capacity. However, the bill provides that the renewable energy generation capacity to

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May 5, 2015

Power regulator Punjab State Electricity Regulatory Commission (PSERC) kept power tariffs unchanged for the first time in the seven year tenure of the SAD-BJP regime in the state. PSERC announced not to raise tariff for 2015-16, although it affected slight reduction in tariff for domestic and commercial categories with lesser power consumption. The regulator also kept the tariff rate for industrial sector unchanged in the new tariff order.

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April 29, 2015

Reliance Power (RPower) and the government have taken conflicting positions over the company’s decision to pull out of the Rs 36,000-crore Talaiya ultra mega power project (UMPP), citing inordinate delays in land acquisition for the project. Government officials strongly disagreed and said the Jharkhand government had given time-bound commitments on land acquisition barely 10 days before the “unilateral” decision of RPower.  Official sources said the 10 states that would have bought the power from the proposed plant would take necessary action against the company, which had also filed a petition with the regulator for raising the tariff. RPower said there had been 25 review meetings but there was no progress on the ground and hence it had terminated the power purchase agreement (PPA) of its 3,960-Mw Tilaiya UMPP as land for the power station and related infrastructure has not been handed over despite a delay of five and a half years. Also, land acquisition for the captive coal block is yet to be initiated after a similar delay. RPower got the Tilaiya UMPP in February 2009.R Power said  “Based on the present est

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March 12, 2015

MUMBAI: According to Tata Power, which is celebrating its centenary year said its customer base in Mumbai has grown 20 per cent over the previous year and crossed the 6- lakh mark as of February. The increase in customer addition was driven by low-end users, who constitute 62 per cent of its total customers for whom the company has been offering low tariffs. The low-end consumers are those who consume up to 300 units a month. The company is also undertaking a steady network expansion within the city, where it has added 639km of cable network since last April. The private utility has proposed an average 6-7 per cent reduction from the regulator MERC-approved tariff for FY16.

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