Daily Archive: May 23, 2012

100 pc fund for solar projects in NE likely

The Centre is likely to clear the proposal for hundred per cent funding of solar power projects in the North East, with the Ministry of New and Renewable Energy endorsing the demand of the...

Biomass-based power producers cry for help

Amid growing regulatory and administrative uncertainties, biomass-based power producers have sought the intervention of the Forum of Regulators (FoR) for early resolution of issues relating to open access, cross-subsidy, CDM sharing, penalty clause imposed...

PFC net up 16% to fund coal mining, gas projects

State-run Power Finance Corporation (PFC) is looking to finance coal mining and gas station projects in India and abroad as part of expansion plans. The company, a major lender to the power sector, on...

Tata Power posts losses on impairment charge

Tata Power Co. Ltd, India’s largest power producer outside government control, was plunged into losses after having to bear an impairment charge of Rs.2,460 crore, bulk of it related to its Mundra power project...