Coal output is key to energy security

To maintain India’s growth, it is imperative that energy is readily available and is affordable. According to the Ministry of Coal, the gap in demand and domestic supply of coal has increased to 83...

Global venture capital funding in smart grid falls

Although a number of state utilities in India are planning to invest in smart grids in their distribution areas, the global funding scene for such grids remains dull. “The lackluster venture capital (VC) investing...

Power industry miffed with CIL, to approach PMO

Miffed at the Coal India (CIL) board’s recent decision to set a low penalty level under the fuel supply agreements (FSAs) with power plants, private power producers are planning to again approach the Prime...

India seeks U.S. green energy investments

Indian Power Minister Sushilkumar Shinde called on U. S. companies to invest in India’s energy sector, noting that India is moving toward massive investments, particularly in electricity generation and transmission. India is aiming for...

China Light and Power arm to raise debt

CLP India, a subsidiary of Hong Kong-based China Light and Power, is planning to raise about Rs 1,000 crore in debt in 2012-13. The debt would be used to fuel its plans to add...

ECB norms for power firms eased

RBI to notify within 7 days, companies can now use up to 40% of loans to refinance their rupee debt. Liberalising the external commercial borrowing (ECB) norms for power sector, the Centre today said...

APDCL records 620% accumulated loss in five years

Against the backdrop of ‘power sector reforms’ being carried out by the power department of Assam government, the accumulated losses of Assam Power Distribution Company Ltd (APDCL) had shot up staggeringly by 620 per...