Daily Archive: April 13, 2015

Power supply to be better this summer

New Delhi, April 12:   Peak power shortage is increasing as the mercury rises across the nation due to the onset of summer. However, greater generation capacity and more transmission and distribution lines have the...

Remove all fetters on ECBs, suggests Sahoo panel

New Delhi, April 10:   Indian banks should not be allowed to extend ECBs to domestic corporate houses out of their overseas subsidiaries or branches, a government-appointed panel has said. A recommendation to this effect...

Coal Ministry seeks action against Naveen Jindal

New Delhi, April 12:   The Coal Ministry has approached the Delhi High Court to initiate suo-moto contempt proceedings against Naveen Jindal and another employee of Jindal Steel and Power Ltd for unauthorised video recording...

States to get lion’s share in new power equation

NEW DELHI: A new power equation appears to be emerging between the Centre and states. The power ministry is willing to allow states, which approach central generation utilities for projects in their territory, to...

Tata Power, R-Infra differ on power tariff

Tata Power consumers can expect an average six per cent reduction in their power rates. However, Reliance Infrastructure (R-Infra) consumers might be dismayed, as the company has sought an average 18 per cent rise...

India plans push for green bonds

New Delhi: The government has approached at least eight lenders, including Rural Electrification Corp. Ltd (REC), to raise low-cost and long-term funds to help finance India’s plan to quadruple its renewable energy production, while...

Jindal, Adani Power, GMR come under govt scanner

The government was planning to refer the bids placed by Jindal Power, Adani Power and GMR for Gare Palma-IV/2&3 blocks in the recently concluded coal block auction to the Competition Commission of India (CCI),...