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DOMESTIC NEWS

Andhra Pradesh discoms enter into LPS with centre to resolve their liability

Andhra Pradesh discoms have joined the late payment surcharge (LPS) scheme introduced by the central government, under which discom’s liability with respect to generators in power purchase payments are being resolved in a phased manner.
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SJVN records a profit of Rs 6.09 billion in the quarter ended June 2022

SJVN Limited has recorded a net profit of Rs 6.09 billion for the quarter ended June 2022, an increase of 78 per cent over the net profit of Rs 3.42 billion recorded in the same quarter of previous year.
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PFC Projects likely to rope in investor partners for stressed power projects

PFC Projects Limited, an equal joint venture of Power Finance Corporation Limited and REC Limited, is likely to rope in technical or strategic investor partners to operate and maintain acquired stressed or non-performing assets next year.
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Suzlon to raise Rs 12 billion in 2022-23 from rights issue

Suzlon Group is planning to raise up to Rs 12 billion through a rights issue of shares by the end of 2022-23 to pare the refinanced debt of Rs 30 billion.
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24 coal mines record over 100 per cent production

The overall coal production has increased by 11.37 per cent to 60.42 million tonnes (mt) during July, 2022 as compared to 54.25 mt in July 2021.
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Power ministry for pausing emission control gear setup after phase-1

Reportedly, the power ministry has recommended implementation of emission control equipment in select power plants to observe the benefits before rolling out the estimated Rs 2 trillion investment in all projects that could raise electricity tariffs.
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INTERNATIONAL NEWS

Vietnam needs USD8 billion to USD14 billion annual power investments till 2030

Vietnam will require annual investment between USD8 billion and USD14 billion till 2030 to develop new power plants and expand the country’s grid.
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