PSU IN MEDIA
PSU power producers cut back capex due to lack of demand
NEW DELHI . While lack of power generation was a big issue earlier, lack of demand – arguably different from excess supply -- is now a serious problem. And that could be the real reason behind public sector power producers scaling back their expansion plans in 2017-18.
An evaluation of the capital expenditure plans of six government-owned power generators indicates a 2.4 percent average cut back from their 2016-17 revised estimate to Rs 36,880.92 crore.
These companies are NTPC , NHPC , SJVN , Tehri Hydro Development Corp, Damodar Valley Corp and North Eastern Electric Power Corp though not all are cutting back on their expenditure. This is the first time in several years that the combined capital expenditure of these six public sector power producers will see a downward revision from their previous year’s spend.
Comparing from the original targeted figure for 2016-17, this is a 7.7 percent fall. The companies had planned to spend Rs 40,756.70 crore in 2016-17 but will now spend Rs. 38,532.04 crore. Moneycontrol
Read Also : Coal India Organises Training programme for capacity building
News Must Read
- SJVN CMD Geeta Kapur Inaugurates Construction Works at Sunni Dam Project in Himachal Pradesh
- PESB Selects R Veerabahu as Director (Finance) for Braithwaite & Co. Limited
- Grew Energy bags largest order of 200 MW Contract of SECI's Auction
- CPCL Reports 39% YoY Drop in Q4 Net Profit, Declares Rs 55 per Share Dividend
- SJVN Limited inaugurates India's first Multi-purpose Green Hydrogen Pilot Project
- KRDCL, RVNL JV emerges as the Lowest Bidder for Redevelopment of Thiruvananthapuram Central Railway Station
- REC Ltd. has incorporated subsidiary company BPTL
- Hon’ble Vice President of India Confers `Outstanding PSU of the Year’ Award on HAL
- BharatPe Launches India’s first All-in-One Payment Device
- NBCC registers historical Performance in FY2023-24