Daily Archive: April 11, 2012

UP Power Corp to cut losses by Rs 4,300 cr

Uttar Pradesh state power utility, UP Power Corporation (UPPCL), is looking at cutting its losses by Rs 4,300 crore in the current financial year. It has been incurring huge losses over the years, which...

NMDC eyes partner to develop captive power project

State-run NMDC has appointed PFC Consulting for selecting a partner to develop a captive power project for its upcoming steel plant in Chhattisgarh. “PFC Consulting has been given the job of advicing NMDC for...

Govt finalises site for second UMPP in Orissa

The government has identified site for setting up Rs 18,000-crore imported coal-based ultra mega power project in Orissa, power secretary Uma Shankar said. The 4,000-mw plant, one of the three such proposed projects in...

Crisil downgrades Tata Power rating to stable

TATA POWER’S credit rating outlook has been downgraded to stable from positive by credit rating agency Crisil, on grounds of unfavourable project economics of Coastal Gujarat Power (CGPL) its wholly-owned subsidiary implementing India’s first...

Wind power to help meet green target

India is banking on its wind power potential to meet the renewable energy target set under the National Action Plan on Climate Change (NAPCC) for the 12th Five-Year Plan (April 2012- March 2017). NAPCC...

Nalco plans another nuclear power plant with NPCIL

After Kakarapar Atomic Power Station (KAPS) in Gujarat, state-owned aluminium major Nalco is looking to set up another nuclear power plant in collaboration with Nuclear Power Corporation of India Ltd (NPCIL). An NPCIL-Nalco joint...