Daily Archive: May 4, 2012

CIL to invite bids for exploring Mozambique mines soon

State-owned Coal India (CIL) will soon invite fresh bids for exploration of its two coal mines in Mozambique having reserves of over one billion tonnes, according to sources. “Very soon, CIL will float tenders for exploration...

Govt eyes coal fund to buy assets abroad

New Delhi: India’s coal ministry has proposed setting up a sovereign fund to buy coal assets abroad, coal minister Sriprakash Jaiswal said on Friday, as the country struggles to secure supplies to meet booming...

India violating WTO obligations: US solar industry

WASHINGTON: US solar industry is pushing the government to drag India to the World Trade Organization, alleging that the recent Indian regulation that certain things in solar panels be manufactured in the country is...

Gamesa to sell 700 MW wind turbines this year

Spanish wind turbine major Gamesa today said it is planning to sell 700-MW turbines in the country this year. “We plan to sell here around 700 MW wind turbines by December which will include...

Uncertainties take spark out of power sector

The key triggers for improvement of the sector would be re-negotiation of power purchase agreements with the State Electricity Boards and making the fuel supply agreements more balanced. Power stocks have seen a bounce-back...