Daily Archive: September 3, 2013

NTPC says rupee depreciation will not hit profits

NTPC does not see the rupee depreciation hurting its profits due to expensive coal imports, but as a prudent measure, it has started hedging part of its foreign currency liabilities. The state-run utility has...

Biju Patnaik airport turns to solar power for energy needs

The Biju Patnaik airport here will generate 100 KW electricity from solar power plant to meet the daily electricity requirements. This was an eco-friendly initiative of the airport to generate electricity. The airport has signed a...

DPSC merges with India Power Corp

  SREI Group on Monday announced amalgamation of its listed power distribution arm DPSC with group outfit India Power Corporation. The integrated entity will be named as India Power. DPSC Ltd distributes 250 MW...

Wind power mills lose Rs 150 cr due to theft in Rajasthan

Investments worth Rs 14,000 crore made by wind power companies in Rajasthan is threatened by a serious law and order problem as locals are stealing expensive parts of the wind power mills. Top officials of Suzlon – the main supplier...

Deloitte selected for study on Coal India restructuring

The Coal Ministry has selected global consultancy firm Deloitte, from among the nine shortlisted companies, for a study on restructuring of state-owned Coal India Ltd (CIL) “Deloitte has been selected for a study on Coal India restructuring,”...

Railways to sell surplus power in open market

The cash-strapped Indian Railways has decided to sell its surplus power in the open market through its own power exchange. The Railways’ own power exchange is to be set up in a few months....

Tribunal order on coal import may raise power tariffs

PATIALA: Reacting to the recent order of Appellate Tribunal for Electricity allowing two private thermal plants in Punjab to import coal on their own, the Punjab State Electricity Board Employees Association said the decision...

Rupee Threatens India’s Wind Industry Budding Recovery

The rupee’s biggest plunge in 20 years is endangering the recovery of India’s $1.6 billion wind power industry as higher finance and import costs negate benefits from a government subsidy restored last month. The currency’s...