Rs 4,964 cr power subsidy default of Punjab Govt

State fails to reimburse amount to PSPCL; pushes the Powercom to the threshold of financial crisis DW Bureau | Chandigarh The cash-strapped and debt-ridden Punjab government has failed in its obligation to reimburse the state power utility (Punjab State Power Corporation Ltd) an amount of Rs 4,964 crore till March 31, 2018 on account of […]

Indonesia caps domestic coal price for power stations, could hit miners

By Wilda Asmarini and Fergus Jensen JAKARTA, Mar 9 : Indonesia has capped the price of domestic coal for power stations at $70 per tonne for two years, in new rules issued this week, a government spokesman said on Friday. The Southeast Asian nation is the world’s biggest exporter of the dirty fuel and the […]

China goes nuclear with latest state-brokered power deal

By Josephine Mason and David Stanway BEIJING, Jan 31 : China National Nuclear Corp (CNNC), China’s No. 2 nuclear power producer, will take over the country’s top nuclear power plant builder to create a company worth almost $100 billion, the latest state-orchestrated marriage in the nation’s vast power sector. The deal has been in works […]

Australia’s AGL Energy ditches coal plant for gas, renewables

By Alison Bevege SYDNEY, Dec 9 : AGL Energy, Australia’s biggest power producer, has rejected a government plea to keep one of its largest coal-fired power stations open and will instead replace it with a mixture of gas and renewable power. Electricity has become a hot political issue over the past year, after a string […]

Tesla switches on giant battery to shore up Australia’s grid

By David B Gray HORNSDALE, Australia, Dec 1 : – Tesla Inc switched on the world’s biggest lithium ion battery on Friday in time to feed Australia’s shaky power grid for the first day of summer, meeting a promise by Elon Musk to build it in 100 days or give it free. “South Australia is […]