New ‘P’ visa for experts in power, steel sectors

The government has introduced a separate visa regime — called `P’ (Project) Visa — within the employment visa for foreign nationals coming to India for “execution of projects in the power and steel sectors“. The...

Bharat Forge remoulds

The world’s second-largest forging company is recasting its business to tap opportunities in the fast-growing power and infrastructure sectors Bharat Forge and Alstom, its Paris-based partner, recently edged out local heavyweight Bharat Heavy Electricals...

After aluminium, Nalco wants to make waves in power

State-owned National Aluminium Company (Nalco) has chalked out plans to enter the power business through the special purpose vehicle (SPV) route. The company plans to produce over 2000 MW by 2016. Once equity investment in...

Franchisee model has a long way to go

The franchisee system in power distribution has not taken off despite provision for central financial assistance. Out of 1,61,373 villages where Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) funds have been utilised, only 42% villages...

Power Project Developers Rush to Join Queue for Gas

120 thermal projects waiting for gas linkages. With recent gas finds boosting future supply prospects, natural gas is back in vogue as feedstock for new power projects. At last count, developers of 120 thermal...

WB, Karnataka, NE in Emami radar for power foray

Emami, which had announced plans for venturing into the power sector, has identified West Bengal, Karnataka and the North-east as possible locations for putting up plants. “We are both looking at thermal and hydel....

Ultra Mega Power Project

Introduction Government of India has envisaged capacity addition of 100,000 MW by 2012 to meet its mission of power to all. It needs huge capacity addition during 10th & 11th plan, which is not...

Tata Power Company Ltd.

Industry Name: Power – Generation/Distribution/Transmission House Name: Tata Group Incorporation Date: 18/09/1919 Market Cap (Rs Cr.): 33,122(as on march 2010) No. of Employees – 3809 (2010) Tata Power started as the Tata Hydroelectric Power...

APTRANSCO bags ‘India Power Awards 2010’

Andhra Pradesh Chief Minister Dr K Rosaiah today congratulated APTRANSCO for bagging the prestigious ”India Power Award 2010” for its all round best performance in power sector in the country. The Chief Minister directed...

IEA sees gas glut lasting until 2020

LONDON, Nov 9 (Reuters) – Global oversupply of gas is set to rise above 200 billion cubic metres (bcm) next year and capacity is likely to exceed demand for another 10 years, despite rising...

Power Grid gets USD 1.7bln on opening day

On the first day of its secondary sale of shares India’s largest transmission company Power Grid Corp received around Rs 77 billion (USD 1.7 billion) worth of bids The Further Public Offering (FPO) of...

3i India to pay Rs 1,200 cr for 21% in GVK Energy

GVK Power and Infrastructure (GVKPIL) has signed an agreement with 3i India Infrastructure Fund to lead an investment of Rs 1,200 crore for a 21.1% minority stake in GVK Energy, a wholly owned subsidiary...