Monthly Archive: December 2010

Powergear plan to foray into renewable energy sector

High voltage electricity equipment manufacturer Powergear Ltd has proposed a Rs 150 crore “greenfield project” with an European partner for making its formal foray into the renewable energy sector. The Bangalore-headquartered company, which has...

New tariff regime will electrify power sector

The transition to a new regime, under which power projects will be awarded to prospective developers offering the most competitive tariffs, is the most anticipated change in the power sector as we move into...

GMR Group plans floating LNG terminal on east coast

Soon, imported natural gas could find its way into the country through floating platforms. Bangalore-based GMR Group is exploring alternative ways of getting natural gas, including installation of a floating liquefied natural gas (LNG)...

SAIL FPO in Jan, ONGC in March, IOC deferred

Drawing a roadmap for disinvestment during the last quarter of this financial year, the government today said it would dilute its stake in SAIL in January, followed by Power Finance Corporation (PFC) and oil...

NTPC, PowerGrid on signing spree for new projects

State-owned NTPC Ltd and Power Grid Corporation (PGCIL) — two of the country’s largest power utilities — have more or less insulated themselves against private sector competition for new projects, at least for a...

NTPC signs PPA with Gridco for its proposed projects

NTPC signed a Power Purchase Agreement (PPA) with the state-owned Grid Corporation of Orissa (Gridco) for sale of power from the central sector’s proposed projects in three eastern states of Orissa, West Bengal and...

Firms vie for gas-based power projects in state

A battery of global and Indian conglomerates have evinced interest in building three gas-based power stations in Karnataka with a cumulative capacity of 2,100 Mw, at Davanagere, Belgaum and Gadag. According to information available,...

Govt should open up uranium exploration: Reliance

Reliance Industries has urged the government to open up domestic uranium exploration and mining in line with NELP, to increase domestic output to reduce dependence on import of the metallic element. “When India will...

Rs.85 crore GSEB RAPDRP project won by Spanco

Spanco Ltd. has won the IT modernization project of the Goa State Electricity Board (GSEB) beating HCL, Reliance, Wipro, L&T Infotech, TCS and some others. This is Spanco’s Fourth consecutive win in this space....