India Ratings and Research (Ind-Ra) has maintained a negative outlook on energy and transport infrastructure for 2HFY21, stemming from a likely low demand, driven by low thermal plant load factor and subdued wind generations, and the resultant impact on coverage metrics. The agency has also maintained a negative outlook on the roads and airport sectors.
Reportedly, the Ministry of New and Renewable Energy (MNRE) has instructed NTPC and Solar Energy Corporation of India (SECI) to release performance bank guarantees (PBGs) for all the commissioned wind and solar power projects. The PBGs can be released in the span of 45 days from the commercial operation date (COD), on the condition that all required submission of necessary documents is fulfilled.
India’s largest power utility NTPC has signed a MoU with Hazipur-based East Central Railway Zone for transportation of fly-ash under the Indian Railways’ Special Freight Train Operator (SFTO) scheme. NTPC thus became the first entity in the country to sign an SFTO agreement with Indian Railways. The fly-ash will be transported by Bogey Tank For Alumina Powder (BTAP) rakes, which are leakproof wagons with special air fluidising system.