The verdict of the apex power regulator, which is hearing Tata Power's petition seeking higher tariff for electricity generated from its 4,000 MW Mundra ultra mega power project, could ultimately hinge on the legal interpretation of the 'doctrine of frustration' as provided under the Indian Contract Act 1872. The Central Electricity Regulatory Commission (CERC) is said to be close to a decision on the issue.

Tata Power-arm Coastal Gujarat Power Ltd (CGPL) had filed the petition with the CERC l...

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Iconic landmarks and skylines were plunged into darkness on Saturday as the " Earth Hour" switch-off of lights around the world got under way to raise awareness of climate change. Organisers expect hundreds of millions of people across more than 150 countries to turn off their lights for 60 minutes on Saturday night -- at 8:30 pm local time -- in a symbolic show of support for the planet.

In Paris, the city of light, the iconic Eiffel Tower turned off its illumination -- but for securit...

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The two biggest state-owned oil companies, ONGC and Oil India, dominate the country's upstream gas sector, the report said.

According to EIA, India became the world's sixth largest liquefied natural gas importer in 2011. Indian companies have begun investing in new regasification facilities to meet rising demand.

Noting that Coal is India's primary source of energy, it said the country has the world's fifth largest coal reserves.

The State retains a near-monopoly on the coal sector. The ...

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Faced with sluggish progress in hydro projects, state-run NHPC has approached the Power Ministry seeking steps to ensure higher returns on investment in such projects. NHPC, the country's largest hydro power producer, has said that Return on Equity (ROE) for hydro projects is too low to attract investors.

"At a time when energy security has become critical and environmental concerns emanating from the use of conventional fossil fuels are growing, it is ironical that the effective ROE (Return o...

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In a move that comes as a relief to solar power developers in Tamil Nadu, the state's electricity regulator has empowered the state electricity distribution company, TANGEDCO, to administer the 'solar purchase obligation' mandated by the state government's solar policy. "The SPO will be administered by TANGEDCO," Tamil Nadu Electricity Regulatory Commission (TNERC), said in its recent order.

The implication of this is that the decks have been cleared for the state government to crack the whip ...

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Coal India the world's largest coal producer plans to take a proposal for setting up a INR 9,000 crore power plant in Odisha to its board for approval in the next couple of months. The 2x800 megawatt plant at the mouth of a coal field in the Mahanadi basin will mark the coal producer's foray into the power sector.

Mr S Narsing Rao CMD of Coal India said that the company is looking at setting up power plants at mines from where evacuation of coal in the absence of road and rail transport...

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Tata Power has synchronised unit five of 800 MW at its 4,000 MW imported coal-based plant in Mundra, Gujarat. The first four units (800 MW each) have been commissioned between March last year and February this year. With this, the 4,000-MW plant is fully operational and raises Tata Power's total capacity to 8,500 MW.

With unit five online, the thermal power generation capacity of the company is at 7,647 MW. Generation through clean sources such as hydro, wind and solar add up to 852 MW....

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