Daily Archive: October 3, 2012

Power Secy to Coal India: No coal, pay companies

The inability of Coal India Ltd (CIL) to cater to power producers has sparked a confrontation between the power and coal ministries, with the power secretary demanding that CIL compensate for the losses of...

Villagers oppose hydel project

In a bid to save their water resources from being ruined by a hydel project, villagers from Saal valley of Chamba district are again up in arms against the government and company executing the...

Coal India board split on CEA proposals

Warning that Coal India Ltd. (CIL) should not ignore the mandate of the April 4 Presidential directive to protect the commercial interests of the company, CIL independent directors have warned the Coal Ministry and...

Vestas fires CFO over two bad deals in India

Danish wind turbine major Vestas Wind Systems has fired its Chief Financial Officer, Henrik Norremark, over two deals in India that happened in 2011. Vestas believes that Norremark acted beyond his powers and caused...

German team to gauge state’s green potential

The state is in the process of collaborating with the German state of Hessen to tap the latter’s expertise in the field of renewable energy use. As a first step to build the tie-up,...

Power Minister Veerappa Moily visits REC

M. Veerappa Moily, Minister of Power visited REC Ltd. on 28 th September, 2012. He appreciated the performance of REC that has resulted in REC getting ‘MoU Excellence Awards’ continuously for 18 years. He...

Mytrah Energy to add 270 MW addl wind farms

Mytrah Energy plans to add 270 MW of additional wind farms by mid-2013. The company now has 316 MW across four states and is poised to add 24 MW within few weeks. According to...

Give power stations priority for gas allocation: Ministry

he Power Ministry has demanded that electricity generating stations be given priority at par with fertilizer plants in allocation of natural gas, saying power unlike urea cannot be imported. Currently, gas-based fertilizer plants get...

NTPC to revisit overseas markets for funds

Barely a week after it raised $500 million through foreign currency bonds, NTPC is planning to revisit overseas markets for more funds. The country’s largest power producer may raise another $700 million between January...

Radical implications of FDI up to 49% in power exchanges

Considering that FDI up to 100%, under the automatic route, is permitted in the power sector (except atomic energy) for generation, transmission, distribution of electricity and power trading, is the recent decision to permit...