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Dec 2025

8With staggered completion timelines extending into mid-2027 and a quantified levelised tariff impact of 6.89 paise/kWh, the project positions environmental compliance as a recoverable, regulated cost.
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8While October recorded a negative FAC withdrawal, November flipped to a sizeable recovery, underscoring fuel-cost pass-through volatility rather than structural scarcity. The core system tension is no longer coal pricing, but enforceable availability and AFC recovery risk for MSPGCL and cost pass-through exposure for MSEDCL and regulators.
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8Reserve-shutdown (RSD) and capital-overhaul outages shaped monthly variances more than logistics or fuel constraints.
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8The new in-house outage management portal entered trial operation as SLDC pushed for faster approval cycles.
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8The capital’s transmission backbone faces an unusually dense maintenance calendar. PPCL Bawana’s 400 kV jack-bus replacement and bus normalisation have spilled over into December, while BBMB’s 220 kV Narela-Rohtak works were deferred to avoid conflicts with DTL circuits.
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8Delhi Transco Limited’s October and November 2025 operation-coordination circulars confirm that the utility’s OCC mechanism continues its regular monthly scrutiny cycle.
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8These changes tightened the coal-based range around Rs 2.5–5.5 /kWh, while liquid and gas stations remained above Rs 13 /kWh, effectively excluded from dispatch.
The updates mark a transition from routine cost placement to active tariff re-synchronisation, ensuring SLDC’s scheduling hierarchy reflects newly approved tariffs before year-end settlements.
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8According to RVUNL’s November 2025 environment report, average NOx levels increased across all four units compared to October.
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8The utility reports a true-up revenue gap of Rs.1,053.79 crore, reversing the apparent surplus in audited accounts once regulatory principles are applied.
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8The appellate tribunal found that the PPA between the two parties, originally set to expire in October 2015, stood impliedly extended for two additional years based on mutual conduct and government approval. The tribunal directed KSEBL to pay BKPL over Rs.360 crore in unpaid fixed and variable charges, lease rent, and tax reimbursements, with carrying cost computed at the late payment surcharge (LPSC) or equivalent rate under the PPA.
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8The sudden push to map captive capacity suggests NRPC suspects unaccounted buffers exist. But invisible capacity is useless in crisis unless operationally integrated. This move hints at desperation for flexibility. It also reveals planning blind spots.
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8When SPS, restoration, and reactive power documents all require revision simultaneously, the system is admitting obsolescence. These are not cosmetic updates; they are structural rewrites. It implies the grid has outgrown its own safeguards. That is a dangerous moment.
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8Demand forecasts slip, Protection risks multiply, and compliance gaps deepen.  There is signalling that the system operator is no longer confident in baseline resilience. The subtext is clear: winter 2025–26 is being entered with unresolved grid hygiene issues, and tolerance for non-compliance is narrowing fast.
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8But there is fragility in practice. While outage durations stay within CEA thresholds, repeated reminders, forced outages, and deferred corrective actions suggest compliance is being sustained through caution rather than resilience. The narrative shifts from outage counting to system credibility, with cyber security, UNMS integration, and dual reporting emerging as unresolved fault lines. What appears stable numerically may, in fact, be operating on borrowed reliability.
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8NTPC’s revised compensation framework hints at a recalibration of thermal flexibility economics. As renewables deepen, coal’s role is being renegotiated commercially. Regional accounts may soon reflect this shift. Tariff implications are inevitable.
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8Limiting AvC to deemed TGNA subtly but decisively alters RE commercial behaviour. Over-optimistic availability declarations will no longer be tolerated. DSM exposure for RE generators just increased. The change is technical—but its impact is financial.
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8Issues that were earlier being managed through ad-hoc offsets, provisional billing logic, and “under-discussion” status—especially around GNA, DSM reference rates, metering SOPs, and deemed assets—are now being pushed into formal implementation or regulatory adjudication. The subtext is unmistakable: tolerance for ambiguity is shrinking, and legacy compromises are being replaced by compliance-backed positions.
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8Mismatch between real-time reason, availability sheets, and DRs repeatedly surfaced. WRPC is implicitly saying: inconsistent data equals unreliable claims. Documentation quality now determines commercial outcomes. The paperwork matters as much as the hardware.
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8Repeated trippings beyond two events are triggering 12-hour penalties with mechanical precision. WRPC has closed interpretational gaps that once softened availability loss. September 2025 revisions are only the beginning. Deemed availability is shrinking fast.
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8The authorities have unmistakably shifted posture-from procedural tolerance to forensic scrutiny. What earlier passed as force majeure, system constraint, or “deemed availability” is now being aggressively reclassified into licensee-account outages, with real revenue consequences. Commercial exposure is widening not because assets failed more-but because regulatory patience has narrowed.
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8Moves into a heavier “pay-to-dispatch” month as November’s winners concentrate and the losers deepen. This keep throwing up the same uncomfortable question: are these plants operationally misaligned, or is the market signal punishing their technical reality.
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1) Forced unit outages swamp planned work on 2025-12-15
8Total capacity under forced outages reached 55.50 GW, outstripping planned outages at 33.41 GW for the day.
Inference: A high forced-outage base implies tighter real-time balancing headroom even if demand is moderate.
Why it matters: Higher forced outages raise balancing costs (Rs/kWh) via scarcity carry-over into scheduling and deviation exposure.

2) Gas fleet sits idle: 2.56 GW planned under Reserve Shutdown, 2.83 GW already forced
8Planned outages tagged “Reserve Shutdown” across gas stations (GPS/CCGT) total 2.56 GW; gas units under forced outages add 2.83 GW.
Inference: Gas remains the flexible swing, but commercial/availability constraints keep it sidelined, reducing mid-merit elasticity.
Why it matters: Less gas flex weakens peak-shoulder price compression and pushes ancillaries/PSP to carry more load when prices rise.

3) Nuclear tightness shows: 1.50 GW of NPCIL under forced outage
8NPCIL units contributed 1.50 GW to the forced-outage pile on 2025-12-15.
Inference: Even limited nuclear outages raise baseload replacement costs, nudging mid-merit units up the stack.
Why it matters: Baseline ECR smoothing erodes; any parallel transmission constraint will show up faster in DAM/RTM basis.

4) Hydro maintenance window opens: NHPC has 0.84 GW in planned outages
8NHPC shows 0.84 GW under planned outages on the day.
Inference: With hydro flexibility partially offline, headroom for frequency/VDI damping during ramps shrinks.
Why it matters: Lower hydro flex can lift ancillary procurement and increase HPDAM premia on tight days.

5) UP carries the heaviest unit-outage burden among states
8Uttar Pradesh logged 6.49 GW in forced and 5.88 GW in planned unit outages on 2025-12-15.
Inference: High simultaneous planned+forced exposure elevates UP’s real-time import dependence and DSM risk windows.
Why it matters: Scheduling buffers thin out, raising cost pass-through risk for distribution entities during peak blocks.

6) Transmission maintenance concentrated at 400 kV; 765 kV not far behind
8Planned transmission work touches 138 entries at 400 kV and 14 at 765 kV; in the forced bucket, 400 kV = 326 and 765 kV = 61 entries.
Inference: Work clustering at 400/765 kV tightens inter-regional resilience, priming price separation during coincident ramps.
Why it matters: Sustained 400/765 kV unavailability magnifies congestion risk and basis between markets during evening peaks.

7) A third of planned grid works are continuous, not day-only jobs
8116 of 238 planned-outage entries are flagged Continuous (C) rather than daily maintenance slices.
Inference: Persistent work windows lower the odds of quick relief in tight corridors, extending congestion vulnerability.
Why it matters: Longer continuous work raises cumulative curtailment probability when demand and RE variability coincide.

8) Lingering planned outages: 9 transmission jobs pre-date 2023, still open
8Nine planned-outage entries carry Outage Dates before 2023-01-01, indicating long-running workstreams.
Inference: Chronic works (bay/line retrofits) can become quasi-structural constraints, shaping ATC headroom across seasons.
Why it matters: Structural ATC/TTC compression from legacy outages can inflate congestion rent on otherwise “normal” days.
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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
Get the daily updates for :
8LNG
8Crude
8Chemicals
8Fertilizers
8LPG
8Ammonia
8Coal & Coke
8All tankers
8Bulk and Dry cargo
Click on Reports for more. Details
SECI doubles down on tenure-based rooftop solar with nationwide JNV rollout
8The RTSPV Tranche-VI tender allocates 8900 kW of rooftop solar on school campuses, using tenure-only bidding and mandatory asset transfer at PPA expiry. Details
8Find a snapshot of thermal, hydro, pumped storage,
solar, wind, BESS and T&D contracts related updates for the day
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8TANGEDCO’s 250 kVA distribution transformer tender moves forward with all bidders admitted at the techno-commercial stage.
8The bidder list shows intense regional competition ahead of price discovery.
8The real differentiator now shifts to clauses not yet in the public view. Details
Second deadline push signals timeline recalibration in BHEL’s dry bottom ash EPC for DVC Koderma Phase-II (2x800 MW)
8BHEL has pushed bid deadlines twice for the dry bottom ash EPC at DVC’s 2x800 MW Koderma Phase-II project.
8The extensions adjust only the calendar, leaving scope, risk, and commercial terms untouched.
8The timing shifts hint at execution-risk management rather than bidder appeasement. Details
Revised BoQ sharpens pricing risk in MPPTCL’s 600 MW Morena Phase-1 evacuation package
8MPPTCL has quietly reset the price math in its ADB-funded Morena Phase-1 evacuation tender just weeks before bidding.
8The change leaves risk allocation untouched but forces EPCs to re-engineer cost stacks under tight timelines.
8Who absorbs the recalibration will decide competitiveness, not just compliance. Details
8A consultancy tender quietly turns into a full-time shadow engineering office inside a state transmission utility.
8Entry barriers are so high that competition collapses to a single technically admitted bidder.
8The real story lies in how risk, control and pricing power are being re-written behind the QCBS façade. Details
Bid window extended for main ash handling EPC package at DVC’s Koderma Phase-II
8BHEL has extended the bid submission deadline for the main ash handling EPC package at DVC’s Koderma Phase-II plant.
8The move adds breathing room in a technically dense package where provenness and collaboration structures dominate qualification risk.
8What this signals about bidder readiness and execution discipline stays behind the paywall. Details
Talabira IDCT tender stretches seven times as BHEL trades time for risk discipline
8Seven extensions, fresh bore logs, and zero clause relief define BHEL’s Talabira IDCT playbook. Risk has been clarified, not diluted.
8The final price will reflect endurance more than aggression. Details
8NLCIL has quietly converted a GeM service bid into a de facto OEM nomination for a critical CFBC retrofit.
8The contract hard-codes performance, redesign liability, and warranty risk onto the supplier while freezing thermal outputs.
8What looks routine on GeM masks a decisive reliability-first procurement play. Details
8NEEPCO’s Heo 240 MW hydro PMC award reveals how sharply the field narrowed before prices even came into play.
8Only two global consultants cleared technical scrutiny, turning the financial stage into a high-stakes duel.
8The final spread offers a telling signal on how hydro PMC risk is being priced in India’s most challenging terrains. Details
 For reference purposes the website carries here the following tenders:
 
8Tender for supply of 6.6 kV EPR insulated flexible trailing power copper cable Details
 
8Tender for supply of fixed contact and moving contact (200 Amps) for 11kV AB switch Details
 
8Tender for supply of Alu lug and line connector 120,240 sqmm Details
 
8for breakdown works in turbine lub oil system seal oil system Details
 
8Tender for breakdown maintenance of regenerative system welding of associated pipe lines Details
 
8Tender for breakdown works in main turbine system such as ejectors, control valves critical pipe lines etc Details
 
8Tender for breakdown periodical overhauling of instrument and service air compressor Details
 
8Tender for breakdown works in boiler feed water system stator water primary secondary pumps, hydrogen cooler booster pumps Details
 
8Tender for erection of ERS tower with stringing of Zebra conductor Details
 
8Tender for breakdown maintenance works in condenser HPBP valve Details
 
8Tender for supply of 3phase channel and angle cross arm Details
  
8Tender for supply, erection, commissioning & testing of motor operated control valve for H2 cooler outlet circuit Details
  
8Tender for supply of permanent magnet magnetic pulley Details
  
8Tender for rate contract for replacement, shifting & overhauling of LT motors, magnet & magnet pulley Details
  
8Tender for supply, installation, testing & commissioning for conversion of 66 kV line Details
  
8Tender for supply of vibrating screen assembly with motor for primary crusher for coal handling plant Details
  
8Tender for supply, erection, testing & commissioning of 66kV S/C line Details
 
8Tender for supply of vertical slurry sump pump Details
  
8Tender for creation of 33 kV line bays Details
  
8Tender for procurement of 220kV SF6 gas circuit breaker Details
  
8Tender for replacement of condenser water box tubes Details
  
8Design, detailed engineering, manufacture, supply and laying of 5kM of 110 kV, 1x630 Sq.mm aluminium XLPE UG (double circuit) cable and accessories Details
  
8Tender for procurement of different types of idler Details
  
8Tender for supply of stay set complete Details
  
8Tender for supply of 11kV AB switch for double pole structure Details
  
8Tender for supply of transformer structure clamp for 9.0M PSC pole Details
  
8Tender for supply of DM water transfer pump Details
  
8Tender for supply of spring seal assembly for guillotine gate in ESP outlet Details
  
8Tender for supply of M.S.stay clamp for 8.0mtr 200 KG PSC pole Details
  
8Tender for supply of 4 1/2 feet V cross arm Details
  
8Tender for carrying out the electrical and mechanical maintenance works in units generators & turbines and its auxiliaries Details
  
8Tender for supply of LT three phase angle cross arm Details
  
8Tender for work of extension of switch house Details
  
8Tender for work of installation testing and commissioning of 800A, 4 pole air circuit breaker on 250/400/500 KVA distribution transformers Details
  
8Tender for replacement and welding of rusted/short height pole Details
  
8Tender for construction of LT line on AB cable Details
  
8Tender for work of providing and fixing of 3 phase DSP system Details
 
8Tender for supply and erection of 110 kV DC line on DC towers Details
  
8Tender for shifting of 66kV transmission line Details
  
8Tender for extension of 33kV switchyard and construction of 33kV jack bus at 132kV substation Details
  
8Tender for annual maintenance of unit 1 and unit 2 and their associated equipments Details
  
8Tender for handling of chemicals, lubricants, oil top up in mill-fan area, operation support in CPU, fuel pump house Details
  
8Tender for construction of over head water tank of 30000 litre capacity Details
  
8Tender for setting up of 8900 kW grid-connected rooftop solar PV projects Details
  
8Tender for supply, erection, testing and commissioning of tubular lead acid battery bank Details
  
8Tender for work of construction of 1 nos RCC tank Details
  
8Tender for work of extension of switch house Details
  
8Tender for work of stub strengthening of 132kV lines Details
  
8Tender for Bi -annual rate contract for restoration work of various 132kV & 220kV class transmission lines Details
  
8Tender for supply of 11kV metal parts for weasel and rabbit conductor Details
  
8Tender for supply of 11kV polymer composite disc insulator Details
  
8Tender for supply of 11kV polymer composite PIN insulator Details
  
8Design, supply, installation, testing and commissioning of 25MVA, 230/7kV station transformer Details
  
8Tender for supply of various IE3, 415V LT motors Details
  
8Tender for requirement of spare of butterfly valve installed Details
  
8Tender for retrofitting of old static LBB relays with new numerical IEC 61850 compliant LBB relays & providing dedicated CT core for LBB protection Details
  
8Tender for scheme for drawal of 33 kV feeders Details
  
8Tender for supply, loading at factory, transportation of supply and delivery of 33kV V bracket for PCC pole Details
  
8Tender for supply, loading at factory, transportation of LT distribution kiosk for 25 KVA transformer Details
  
8Tender for laying of 3C X 400 sq mm XLPE UG cable Details
  
8Tender for augmentation of capacity of PTR and conductor Details
  
8Tender for service contract for overhauling of ID, FD and PA Fans Details
  
8Tender for procurement of 80 MT anhydrous ferric chloride powder indented Details
  
8Tender for procurement of 01(one) complete set of PA FAN BLADE Details
  
8Tender for poking of ash silo unloading Details
  
8Tender for replacement of damaged roof sheet Details
  
8Tender for biennial rate contract for operation and maintenance of air washery system installed Details
  
8Tender for supply of H2 generation plant Details
  
8Tender for biennial repair and maintenance of type III Details
  
8Tender for biennial contract for maintenance of ash dyke Details
  
8Tender for insurance of coal stacked at stockyards Details
  
8Tender for complete overhauling of power transformer including replacement of damaged part, oil leakage arresting and rectification of 50 MVA 132/33 kV power transformer Details
  
8Tender for arresting oil leakage along with filtration Details
  
8Tender for stone metal laying/spreading and concreting work in 132 kV side transfer bus Details
  
8Tender for repairing of rusted and damaged portion of tower leg Details
  
8Tender for arresting oil leakage along with filtration and painting of 132/33 kV, 50 MVA power transformer Details
  
8Tender for revamping of earthing system in towers of 132 kV S/C transmission line Details
  
8Tender for providing RCC protection wall at tower Details
  
8Tender for supply of polyelectrolyte Details
  
8Tender for procurement of liquid chlorine Details
  
8Tender for supply, erection, testing and commissioning of 33kV circuit breaker Details
  
8Tender for supply of belt for gravimetric feeder of coal mill Details
  
8Tender for repair to damaged wall Details
  
8Tender for cement concreting of 11 kV/ 132 kV outdoor switchyard Details
  
8Tender for annual mtc execution of electrial lines infrastructure Details
  
8Tender for supply, installation, erection and commissioning of pond ash conveying system Details
  
8Tender for renovation of store shed Details
  
8Tender for construction of platform for distribution transformer and FRP fencing work Details
  
8Tender for construction of platform for distribution transformer Details
  
8Tender for construction of power transformer plateform, raising of existing VCB foundation Details
  
8Tender for renovation of control room, water proofing treatment, yards Details
  
8Tender for extension of control room, raising of water logging Details
  
8Tender for requirement of spares for LPBP & boiler startup system installed Details
  
8Tender for leak proofing works Details
  
8Tender for extension of switch house Details
  
8Tender for extension of switch house at 66kV S/S Details
  
8Tender for replacement of existing damage PVC cable by armored cable Details
  
8Tender for replacement of damage weasel conductor and pole Details
  
8Tender for construction of LT/HT line for releasing of new connection Details
  
8Tender for replacement of damage pole Details
 
You can also click on Tenders for more
 
For reference purposes the website carries here the following newsclips:
 
8SEPC shares soar 13% on Rs 3,300-crore mining project Details
  
8AMPIN Energy to Supply RE to Air Liquide Details
  
8ACME says 300 MW solar project in Rajasthan facing no evacuation constraints Details
  
8Odisha DyCM appeals to people to adopt energy conservation in their daily lives Details
  
8J-K CM says power projects are of national importance, seeks action against anyone hindering those Details
  
8Maruti Suzuki India Plans To Localise Battery Production & Other Critical Components As Part Of Strengthening The EV Ecosystem Details
  
8ECL Confident of Hitting 58 Million Tonne Coal Target, Moves to Shut Loss-Making Mines to Return to Profit Details
 
8Sangreen Future Renewables Reinforces India's Wind Energy Infrastructure Through Integrated BoP Delivery Details
  
8Solar project in Rajasthan facing no evacuation constraints, says ACME Details
  
8India’s rail electrification drive crosses 99 per cent of total network Details
  
8Apraava Energy’s AI-ML solution recognised by Ministry of Power for advancing India’s power distribution sector Details
  
8NLC India signs a JV with PTC for green energy project Details
  
8Octillion Achieves 100% Solar-Powered Operations at EV Battery Plant in India, Targets Carbon Neutrality by 2027 Details
  
8Energy Efficiency: Murmu Stresses Behavioural Change Details
  
8RTI Exposes 10 Years of Failed Thermal Power Plant Emission Checks Details
  
8Parliamentary panel recommends easing clearances for underground coal mining projects Details
  
8Hydrogen demand in India set to double to 12 million tonnes by 2030: Report Details
  
8DV Kapur Foundation launches Energy Innovation Awards to spotlight India’s clean power future Details
  
8Nearly 4 GW of solar capacity in Rajasthan hit by transmission constraints Details
  
8Atomic Energy Bill 2025 : Game changer or mixed bag Details
  
8Inox Wind Secures Rs 102.3 Crore Order from Aditya Birla Renewables for Karnataka Projects Details
  
8Jaipur discom intensifies revenue recovery amid mounting dues Details
  
8Stocks To Buy: Suzlon Energy and 5 other stocks to buy for an upside of up to 62% Details
  
8ECL Aims To Meet 58 MT Output, Plans Closure of Six Underground Mines Details
 
You can also click on Newsclips for more Details
8SRAS stayed structurally “net payable” in both weeks, but its drag deepened (more negative), reinforcing the picture of thermal response that is operationally present yet commercially penalised.
The deeper tension: WRPC’s balancing stack is shifting from “emergency correction” to “scheduled correction,” which is costlier, more persistent, and more skewed towards a handful of plants.
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8Frequent cyclic ramping and sub-MTL schedules stress boilers and balance sheets. Yet regulations offer no relief mechanism. Generators are told to approach CERC individually. System optimisation is trumping asset integrity.
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8SJVN’s hydro portfolio meets strategic and decarbonisation goals, yet states demand tariff clarity upfront. Cross-border HPO eligibility further complicates decisions. Silence from beneficiaries is telling. Hydro is welcome in principle, avoided in contracts.
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8There is a widening gap between regulatory intent and operational reality—where generators bear increasing financial pain while beneficiaries delay payments and avoid firm commitments. Simultaneously, transmission expansion and islanding schemes move forward, but with unresolved cost allocation anxieties and funding pivots. The dominant storyline is no longer scarcity of power, but erosion of commercial discipline and regulatory coherence in a grid increasingly dependent on market mechanisms.
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8The GST restructuring turned invoices into strategic documents. NTPC’s reluctance now faces collective pushback. Fuel cost opacity is being framed as a regulatory deficiency. Billing disputes will increasingly hinge on data disclosure.
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8With repeated near-misses now forcing long-term 765 kV ring solutions instead of incremental fixes. Simultaneously, generators face tightening screws—from flexible operation mandates and FGD cost disputes to GST-linked fuel transparency—while transmission utilities confront accountability on delays, spares, and protection lapses. Now reliability is no longer a planning aspiration, but a regulatory and financial fault line.
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8There is a widening gap between how pumped storage is technically deployed and how it is commercially settled. At the same time, unresolved issues on ISTS waiver verification, DSM treatment during force majeure, and schedule revision delays point to growing settlement risk across regions. The dominant storyline is no longer “teething trouble” — it is structural misalignment demanding CERC-level correction.
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8The physics of pumping startup do not respect 15-minute settlement blocks. DSM penalties during the first unit’s ramp-up are already accumulating. Over a project life, this becomes a structural leakage. The grid’s temporal rigidity is colliding with hydro-mechanical reality.
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8COP30 in Belém marks a structural pivot in global climate governance, moving decisively from negotiation to implementation without reopening ambition battles. Belém prioritised voluntary platforms, cooperative dialogues, and implementation accelerators. Adaptation received equal procedural weight through the first operational Global Goal on Adaptation indicators. Collectively, the Belém Package signals that climate action will now be judged by delivery capacity, finance mobilisation, and equity safeguards—not headline ambition alone.
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8What is on the table are coal gasification, extending mining lease tenures, easing area limits, and tightening enforcement against illegal mining.
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8India’s Standing Linkage Committee has approved a one-year bridge-linkage extension for NTPC’s Barauni-II plant and endorsed new state-level coal linkages for Haryana and West Bengal, while referring Gujarat’s relocation case for further examination. The meeting reflects a tightening but coordinated federal process for aligning coal supply with upcoming thermal capacity
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8The implication for all ISTS beneficiaries is mechanical but material: a higher notified loss factor increases the energy quantum that must be scheduled/contracted to realise the same delivered drawal.
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It is easy to get month-old import data but it is difficult to solicit forthcoming shipment information in India. We go through a laborious process of data collection to get you full import information, including company-wise, quantity-wise, port-wise, vessel-wise cargoes which are coming into India in the next 15-to30 days.
Get the daily updates for :
8LNG
8Crude
8Chemicals
8Fertilizers
8LPG
8Ammonia
8Coal & Coke
8All tankers
8Bulk and Dry cargo
Click on Reports for more. Details
1) Evening price cap returns in six DAM blocks
8DAM MCP hit the ceiling (Rs 10.00/kWh) in blocks 71–76 on 2025-12-13 (17:30–18:45 IST).
Inference: This looks like a short, sharp scarcity window rather than a day-long stress, because noon MCP stayed far lower on the same day.
Why it matters: even 1.5 hours at cap can reset peaker expectations and bilateral “fallback” pricing logic.

2) RTM price tightens even as cleared energy rises
8RTM MCP rose to Rs 3.73/kWh on 2025-12-13 from Rs 3.43/kWh on 2025-12-12, while final scheduled volume increased (124,030.53 MWh vs 117,476.69 MWh).
Inference: More energy clearing at a higher MCP points to demand chasing limited sell-side flexibility, not just thin trading.
Why it matters: RTM becomes the marginal “balancing bill” for DISCOMs when schedules slip.

3) PXIL IDAS prints the cap on vanishing liquidity
8PXIL’s scheduled volume fell to 137.50 MWh on 2025-12-13 (from 900.00 MWh on 2025-12-12) even as MCP was Rs 10.00/kWh.
Inference: A cap price with collapsing cleared volume is a market-signal problem: the price says “scarcity,” but the tape says “no depth.”
Why it matters: low-liquidity cap prints can distort cross-market benchmarks and risk models.

4) “No ATC/(N-1) violations” but DAM still spikes
8For 2025-12-13, the system reliability summary shows 0 hours and 0 blocks of ATC and (N-1) violations across listed corridors.
Inference: With corridor violation flags at zero, the DAM cap burst is more consistent with energy/flex scarcity than transmission binding (as captured by this report).
Why it matters: the remedial lever shifts from congestion management to ramping reserves, unit commitment and flexible supply.

5) Ancillary schedule shows heavy “up vs down” cycling
8On 2025-12-13, SCUC-Up scheduled energy was 45,907 MWh while SCUC-Down was -45,906 MWh (near-perfect offset).
Inference: That symmetry suggests the system leaned on re-dispatch/counter-dispatch rather than net reserve build-up—often a sign of intra-day balancing stress.
Why it matters: frequent cycling can raise wear-and-tear costs and worsen next-day flexibility.

6) Frequency stays near 50, but excursions remain dense
8On 2025-12-13, average frequency was 49.992 Hz with Frequency Variation Index 0.0364; excursions were reported both above 50.03 Hz (155) and below 49.97 Hz (165).
Inference: A “good average” can hide tail-risk: frequent short excursions imply tight real-time balancing even without a visible collapse in the mean.
Why it matters: excursion density is an operational risk marker that can translate into deviation exposure when schedules are off.

7) Coal stock shock: a large unit shows near-empty buffers
8On 2025-12-11, one station entry shows only 1.1 (‘000 tonnes) total coal stock against 213.7 (‘000 tonnes) normative stock requirement (0% vs normative).
Inference: Such a thin buffer raises the probability that any receipt disruption forces backing-down, pushing more balancing to markets/redispatch.
Why it matters: low-stock nodes can become “hidden constraints” that show up as higher Rs/kWh during stress hours.

8) Outage book: >11 GW of planned unavailability still on the table
8The generating unit outage register for 12-12-2025 to 14-12-2025 lists 11,027 MW under planned outages (sum of “Capacity MW” in Table A).
Inference: With “Reserve Shutdown” dominating the stated reasons, operational availability may be constrained by economics/dispatchability, not just forced failures.
Why it matters: a thinner committed stack increases reliance on reserves and raises the probability of price spikes during ramps.
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Another solar block goes live as SJVN nears Bikaner finish line
8State-owned power producer SJVN Ltd has inched closer to completing its flagship 1,000 MW Bikaner Solar Power Project in Rajasthan, with another 100.56 MW of capacity commencing commercial operations.

PTC India bets on asset-backed growth with NLC Renewables JV
8The power trader is moving beyond pure market intermediation by partnering with an NLC arm to build up to 2,000 MW of renewable and storage capacity across India.

Ola Electric collapses the EV buying cycle with same-day delivery rollout
8Ola Electric is betting that collapsing registration and delivery into a single day can redefine how EVs are bought in India

Transmission returns protected, but only on prudence: CERC tells Power Grid
8While allowing full recovery of legitimate costs, the regulator reinforced that only actual, justified expenses qualify for tariff recovery

Transmission tariffs to taper as debt falls: CERC order signals declining charges
8Interest costs drop steadily across FY25–29, pulling down annual fixed charges despite stable depreciation and equity returns.

Consumer tariffs at stake as Haryana regulator admits FY27 ARR petitions
8Decisions taken in these cases will shape electricity bills, cross-subsidies and subsidy payouts in the next financial year.

Scarcity pricing debate returns as HPX proposes high-price RTM segment
8By seeking a higher price band in real time, HPX has reopened regulatory questions around price caps, market power and consumer protection.
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8As interest costs fall and capital recovery stabilises, the Angul–Jharsuguda–Dharamjaigarh system moves into a cheaper operating cycle.
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