BHEL bags 3 orders to set up solar power plants

Public sector giant BHEL has bagged three orders for setting up solar photovoltaic power plants with a capacity of 2 MW each. The plants will be operationalised as per the Indian Renewable Energy Development...

Tariff-based bids to hurt power PSUs

Competition among power companies could become fiercer soon, with the Centre all set to introduce tariff-based competitive bidding for the allocation of projects from January 6. Consumers can rejoice as the new regime would...

Lanco Infra bags major order from Moser Baer

Lanco Infratech on Tuesday said it had bagged a Rs.4,100-crore order from a subsidiary of Moser Baer Projects to execute a 1,200-MW power project. Lanco bagged the order through an international competitive bidding. “Lanco...

Coal India inks MoU with Shipping Corporation of India

Two public sector giants and ‘Navratna’ companies–Coal India Limited (CIL) and the Shipping Corporation of India(SCI)–signed a Memorandum of Understanding (MoU) here last night for promoting a Joint Venture company to create a comprehensive...

J&K, centre signs PA to execute 3 hydel projects

Jammu and Kashmir government today signed a promoters agreement (PA) to execute three hydel projects for generating 2120 Mw, giving a significant fillip to the power sector in the state. The PA was signed...

Stock markets set stage for PSU floats

The runaway success of the recent share sales of public sector companies (PSEs), such as Manganese Ore India, Coal India and Power Grid Corporation, has not only invigorated the equities market but also given...

Lanco to develop solar project in Rajasthan

Lanco Infratech Limited (LITL), a leading power and construction company, on Monday announced that it has received Letters of Intent (LOIs) from NTPC Vidyut Vyapar Nigam Limited (NVVN) for development of a 5MW solar...

Competitive tariffs may not affect power PSUs

The Ministry of Power’s proposal to move out of cost-plus power purchase agreements to competitive tariff bidding for power projects from January may not have an adverse impact on public sector power generation companies...

Moser Baer Solar plans up to $600 m capex

Leading solar photovoltaic company, Moser Baer Solar (MBSL), has planned a capital expenditure (capex) of $500-600 million over the next three to four years for expanding its manufacturing capacity of crystalline cells and crystalline...