Mumbai The July-September financial reportcards of India's major power producers, such as Tata Power and Adani Power, reflect that issues such as fuel availability, tariff renegotiations and pass through of rising costs still loom over industry.

Stagnating production at Coal India and lower gas output at the country's flagship KG-D6 block have led to shortages of fuel used in conventional power plants, forcing power producers to increase imports and driving up costs.

Mumbai As India positions itself as a major global hub for solar power and more money flows into the industry, smaller players are likely to emerge as attractive targets for companies looking to gain scale. The government is targeting a 20-fold rise in sun-power generation to 20 gigawatts (GW) by 2022 as it looks to counter an average 9% power shortfall that shaves about 1.2 percentage points off annual economic growth.

"Consolidation is likely to happen in the industry over the next five years," said Santosh Kamath, Partner and and Lead Renewables, Energy and Natural Resources at KPMG. "Smaller players will find it difficult to be competitive. Scale will become important."

Mumbai Government-run Hindustan Petroleum Corporation (HPCL) is eyeing stakes in overseas oil blocks, primarily in Africa and Kazakhstan, as it looks to beef up its portfolio of producing and disco

Mumbai India needs to stem an influx of cheaper imports from China and ease taxes on locally made solar cells to boost domestic manufacturing, Tata Power Solar Systems’ newly appointed CEO Ajay Goel told FE in a telephonic interview on Wednesday.

The government aims to turn India into a major solar power hub, targeting a 20-fold rise in sun-power generation to 20 Giga Watts (GW) by 2022. The country’s growing power needs and a shortage of coal and gas used in conventional thermal plants has highlighted the need to develop energy from alternative sources, such as sun and wind.