Tata Power refinances Mundra UMPP in Gujarat and other top power news of the day

Round up of the major headlines that dominated the power sector, nationally and internationally

A Gurgaon-based company claims to have developed a solution that can generate solar power, store it batteries and supply to consumers in an entire city at rates that are 10%-15% cheaper than what they pay for electricity.

The VVER 1200 reactor that Russia would supply to India is rated higher than the reactors that India has bought and is planning to buy, a senior official of the Nuclear Power Corporation of India Ltd. (NPCIL) said. 

Tata Power said it has refinanced Rs 3,864 crore loans for its 4,000-MW Mundra ultra mega power project (UMPP) in Gujarat which will help the plant save around Rs 77 crore a year in interest cost.

State-run Bharat Heavy Electricals Ltd (BHEL) has commissioned a 660 MW unit of Prayagraj Super Thermal Power Project at Bara in Uttar Pradesh.

The power ministry has proposed to shield electricity producers from uncertainties in coal imports, a problem that had affected earlier Ultra Mega Power Projects that were to use imported fuel.

Haryana chief minister Manohar Lal Khattar said that there will be no hike in power tariffs during the tenure of the current government.

Essel Group firm Essel Infraprojects Ltd has commissioned its maiden "waste-to-energy" plant in Tamil Nadu, set up at an investment of Rs 100 crore.

Tata Power, India's largest integrated power company, signed a Memorandum of Understanding (MoU) with the Ministry for Development of Russian Far East, Government of the Russian Federation, to explore and develop investment opportunities in the energy sector.