Daily Archive: June 8, 2012

Power demand math goes horribly wrong

Soaring demand for electricity has thrown the summer plans of power distribution companies into a tizzy. Electricity demand has risen by up to a quarter in the past two months against the anticipated 10-15%...

Power Ministry may disinvest in Tehri Hydro Corp

The Union Power Ministry is considering disinvesting a part of its stake in Tehri Hydro Development Corporation this fiscal, sources said. Tehri Hydro Development Corp (THDC), a 75:25 joint venture between the Power Ministry...

India to give $100mn aid to Nigeria

India has committed a USD 100 million line of credit to Nigeria for improvement in its power sector that has been battling with instability and corruption. Indian High Commissioner to Nigeria Mahesh Sachdev announced...

Adani to raise USD 1 bn by June next year

New Delhi, Jun 7 (PTI) Gujarat-based conglomerate Adani Group is looking to raise USD 1 billion by selling 2.5 per cent stake in Adani Ports and diluting 5 per cent equity in another listed...

CERC for strict code for power trading licensees

Inter-state power trading licensees may attract stringent penalties for contravention of trading regulations, going by certain proposals of the Central Electricity Regulatory Commission (CERC). In draft amendments to the trading licence regulations, the statutory...

NTPC blasts govt as coal shortage trips output

Arup Roy Choudhury, chairman of India’s largest power producer NTPC, on Thursday blamed the government for chronic fuel shortages that have exacerbated the country’s energy crisis and put off steps to increase power generation....