Daily Archive: October 23, 2012

FE Editorial : Power rates must go UP

Those protesting the average 20% hike in power tariffs in Uttar Pradesh—in some cases, the hike has been in the 50% range—would do well to keep a few things in mind. One, the hike...

State governments warm up to solar power

Companies that are in the business of putting up solar power plants have for long had a complaint: there is no “pipeline visibility”. By that these ‘developers’ meant that there were no ‘projects’ that...

Can Suzlon ride out the storm?

Last week, Suzlon Energy defaulted on $221 million worth of foreign currency convertible bonds (FCCBs) — the biggest ever default by an Indian company — as bondholders refused to grant four months’ extension sought...

25 PSU heads to meet Prime Minister today

Heads of 25 major public sector undertakings (PSUs) will meet Prime Minister Manmohan Singh tomorrow to discuss capital expenditure plans, as well as issues hurting growth of their respective industries. According to an official...

Maharashtra power purchase to cost more

Maharashtra will have to pay higher levelised rates for power purchases in the coming months to keep load shedding away. A levelised rate means the average fixed and variable rate over the entire term...

NHPC drops buyback plan on negative sentiment fears

Public sector power producer NHPC Ltd has dropped the proposal to buyback shares for its capital restructuring programme. The Committee of Directors constituted by the company deliberated upon the proposal given by SBI Capital...