PTC India to retain only 5% stake in IEX

PTC India Ltd, one of the promoters of the Indian Energy Exchange (IEX), plans to sell part of its stake in the bourse, retaining a minority 5%, in line with regulations.   File Photo...

Bescom suggests captive power for HT users

The Bangalore Electricity Supply Company (Bescom)?has directed high- tension power consumers (commercial and industrial) in the City to opt for captive power to meet their energy demands during summer. The power so saved will...

Rs 2.33/unit not viable, says Reliance Power

Reliance Power has called procurers for reconciliatory talks to seek higher tariff for its 4,000 MW Krishnapatnam project. The company had signed a 25-year power purchase agreement (PPA) with 11 procurers in four States...

Budget 2012-13: Energy sector overview by BMR Advisors

Energy sector being one the key strategic sectors, continues to receive policy thrust required for sustained growth. Proposals to extend viability gap funding for oil and Gas/LNG storage facilities and oil and gas pipelines...

Gujarat opposed to increasing tariff of Mundra UMPP

Gujarat is opposed to increasing the tariff of electricity generated from Tata Power’s 4,000-MW Mundra ultra mega power project, whose costs have soared due to expensive Indonesian coal, a top state government official said...

Congress Gets Burned by the Sun

In a major scam, seven associates of the Lanco Group, an infrastructure company owned by Congress MP Rajagopal Lagadapati, were granted commissioning certificates in January by a Rajasthan government body for seven 5 MW...

Biomass power producers meet Minister

The Union Minister for New and Renewable Energy, Dr Farooq Abdullah, has assured the biomass power producers that he would take up their cause with the Ministry of Power and Ministry of Finance. Representatives...

China Sunergy to double sales to India

China Sunergy, which produces solar modules, expects to double its sales in India in 2012, sources in the company have said. The Chinese company made news in India last month by announcing that it...

Abhijeet’s solar thermal project on track

With the process of placing orders for equipment being almost over, Abhijeet Projects Ltd is on track for the completion of its 50-MW solar thermal power plant at Jaisalmer, Rajasthan. Abhijeet is the special...