Daily Archive: April 25, 2012

BEST to sign 25-year power purchase deal with Indiabulls

Expecting an exponential increase in power demand in the island city over the next four years, the Brihanmumbai Electric Supply & Transport (BEST) undertaking has decided to sign another long-term power purchase agreement like...

Nano tech to solve power crisis: CECRI Director

“Nano technology is the panacea for India’s growing power crisis,” predicted Dr Vijayamohanan Pillai, Director of Central Electro Chemical Research Institute (CECRI), Karaikudi. He was delivering the 65th Foundation Day lecture at the Central...

CIL inks fuel supply pacts with five power firms

State-owned Coal India Ltd (CIL) has so far entered into fuel supply pacts with five power firms for minimum assured supply of coal as per a government directive. “So far five firms have signed...

Spot power prices on the boil as summer heats up

Electricity prices in the country’s spot power market are zooming northwards, reflecting the strong demand among utilities as the summer intensifies. For consumers at large, spiralling short-term prices indicate that utilities are stretched for...

Gujarat eyes 3650 MW power generation in future

Gujarat government is hopeful of generating 3650 MW of power through joint synergy of hydroelectric and solar-based projects in future. The six power units of the Sardar Sarovar project are currently generating 1450 MW...

Moser Baer Solar enters CDR cell

India’s solar power ambitions may get a jolt with the first major company in the industry Moser Baer Solar headed to the corporate debt restructuring cell with Rs 739 crore in restructuring. Moser Baer...

India Mulls $10 Billion for Fund on Energy

India’s government is considering the formation of a strategic energy fund to help secure supplies of raw materials such as coal and crude oil to sustain the nation’s economic expansion. Such a fund likely...