ABB, Siemens eye green energy

Global majors such as ABB and Siemens aim to tap India’s renewable energy sector for power equipment and automation business. ABB, the Swiss-Swedish power equipment and automation company, is eyeing orders from solar power...

GMR Infra plans to launch power unit IPO

India’s GMR Infrastructure is ready to launch an initial public offering of shares in its power unit, GMR Energy, when markets are favourable, Group Chief Financial Officer Subbarao Amarthaluru told a reporters conference call....

‘Power consumers should be ready to pay fair tariff

Power consumers — whether commercial or domestic — should be prepared to pay a fair tariff to enable electricity boards remain financially healthy, according to Mr A.V. Varadharajan, former President, Coimbatore District Small Industries...

Lanco Power aims to double capacity to 2,640 MW

Lanco Babandh Power Ltd has proposed to scale up capacity of its proposed coal-fired power plant in the state from 1,320 MW to 2,640 MW. The company has also sought administrative approval for ash...

PGCIL plans to enter smart-grid technology business

Power Grid Corp. of India Ltd (PGCIL) plans to enter businesses, including smart-grid technology and product development for towers and conductors, that have links to its main power transmission operations. The state-run utility has...

N-deal: India to provide US firms level playing field

Underlining its commitment to implementing their landmark nuclear deal, India has assured “a level playing field to US companies” and said it was prepared to address their concerns within the framework of its civil...

NSL to expand renewable energy portfolio

NSL Renewable Power, part of the diversified Hyderabad-based NSL Group, is in the process of increasing its portfolio of renewable energy projects to 700 MW, spanning wind energy, bio-mass and hydel power generation over...

Forward e-auction coal may be reserved for power firms

The government is considering reserving forward e-auction of coal, exclusively for the power sector. The proposal could be part of the detailed road map being finalised by the Prime Minister’s Office (PMO) for the...

Green Infra ready to invest in solar powered towers

  IDFC PE funded-Green Infra Ltd, a solar power developer, is ready to invest to put up mini solar plants that could power telecom towers, the company’s Chief Operating Officer, Mr Sunil Jain, toldBusiness...

India’s biggest gas power plant is ready

Samalkot (Andhra Pradesh), Feb 7 (IBNS): India’s largest gas-based power plant, the Rs. 10,000 crore Samalkot 2,400 MW project, located close to India’s east coast in Andhra Pradesh, is ready for commissioning in a...