Category: News Updates

Vibrant summit ’09 a sham, says Gohil

GANDHINAGAR: Leader of the Opposition, Shaktisinh Gohil, has termed the state government’s tall claims of attracting investments in the power sector as “hollow talks”. Giving details of memorandums of understanding (MoUs) signed up during...

NTPC’s Rs 20k-cr project faces delay

Public sector power major National Thermal Power Corporation (NTPC) is likely to delay implementing its 4,000 mw super critical thermal power project in Bijapur district, with local farmers demanding more compensation in return for...

Hydropower dreams fade on green concerns

India’s hydropower projects are in troubled waters. Once touted as an important engine for power capacity addition, the share of hydropower in total installed generation capacity has hit a historic low of 22 per...

Tata Power cancels deal with Olympus

Tata Power has scrapped a $300-million worth stake sale agreement in two of its overseas coal mining arms to Hong Kong-based private equity fund Olympus Capital. The power company indicated that the deal was...

Orissa inks pacts for three power plants

The Orissa government Monday signed pacts with three private sector companies for setting up thermal power plants in the state with an estimated total investment of Rs.20,469.60 crore (about USD 4.5 billion) and capacity...

India plans power lines via Bangladesh

India is exploring the possibility of building transmission lines via Bangladesh to supply power to that country and to transmit electricity between the northeast and the rest of India, union Power Minister Sushil Kumar Shinde...

Seeking a policy fix for discoms

While power generation and transmission are attracting huge investments, the Indian government needs to reanalyse its policies to make the sector viable. According to industry estimates, the sector will grow at a CAGR of...

NTPC to set up 4,000 Mw project in Vizag

National Thermal Power Corporation (NTPC) Limited will be setting up a 4,000-Mw power project at Pudimadaka in Anakapally mandal of Visakhapatnam district at an approximate cost of Rs 23,000 crore. A file clearing the...

Power Finance Corporation: Buy

Investors with a two-year horizon can accumulate the stock of Power Finance Corporation (PFC), a leader in the infrastructure financing space. Strong and sustainable demand for infrastructure credit coupled with the fact that majority...

Gridco signs power purchase pacts with OHPC, OTPCL

Grid Corporation of Orissa Ltd (Gridco), the bulk purchaser of power in the state, today signed Power Purchase Agreements (PPAs) with state owned power utilities- Orissa Hydro Power Corporation (OHPC) and Orissa Thermal Power...

BHEL seeks govt action to counter Chinese threat

Navratna public sector unit BHEL has approached the government for remedial action to counter the threat posed by Chinese power equipment suppliers. BHEL has urged the government to impose duties on Chinese imports, so...

2010: A defining year for UP’s power sector

11,000 Mw power, Rs 50,000 crore investment planned. The year 2010 can be considered a defining year for the laggard power sector in Uttar Pradesh with ambitious capacity additions planned and actually set in...

Powergear plan to foray into renewable energy sector

High voltage electricity equipment manufacturer Powergear Ltd has proposed a Rs 150 crore “greenfield project” with an European partner for making its formal foray into the renewable energy sector. The Bangalore-headquartered company, which has...