Daily Archive: August 2, 2013

High-voltage power bill to shock you

Get ready to pay thousands of rupees more in your next electricity bill. For, the UT electricity department is all set to procure meter security charges from residents based on their power consumption. The...

States should take power subsidy burden: Scindia

Union power minister Jyotiraditya Scindia today said state governments should take on the liability of power subsidies on their own budget and not burden the distribution companies. He said the Centre did not have any problem...

NTPC open to buying distressed power units

In a deviation from its traditional strategy of growing organically, India’s largest power generator NTPC is exploring acquisition of distressed power projects to supplement its capacity growth, Chairman and Managing Director Arup Roy Choudhury told reporters here. “We...

Adani Power says it may evaluate UMPP opportunities

Adani Power, which has ambitious capacity addition plans, is likely to evaluate opportunities for ultra mega power projects as and when bidding comes up. The leading power producer, however, has flagged problems faced by the private sector such...

Reliance, ONGC, Cairn in race for Myanmar blocks

Reliance Industries,ONGC Videsh and Cairn India are vying with global energy giants Shell,ConocoPhillips and ExxonMobil for 30o ffshore oil and gas blocks that Myanmar has put on offer. In all, 61 companies have been pre-qualified to bid for 11 shallow water and 19 deepwater...

Wind energy sector wants accelerated depreciation scheme restored

he Indian Wind Power Association has appealed the Government to restore the accelerated depreciation scheme for the wind energy sector. Association chairman K. Kasthoorirangaian toldThe Hindu that the accelerated depreciation scheme and generation-based incentives were...