FPO likely in April-May 2011: PFC

State-run and finance provider for power sector Power Finance Corporation (PFC) has declared its results for the quarter ended December 2010. It has reported net profit at Rs 659 crore in Q3 as against...

Himachal to promote private investment in hydro power

The Himachal Pradesh government will encourage private investment to tap hydropower potential in the state, Chief Minister Prem Kumar Dhumal said Monday. “The government has recently allotted 273 mini hydro electric projects out of...

Gujarat gets solar energy association

In order to bring together the stake holders in the solar energy sector in Gujarat, a group of industrialists have launched a Solar Energy Association that will address some of the key issues relating...

Bihar may lose mega power project

In what threatens to be a major setback to power-starved Bihar’s bid to become self-dependent for its energy needs, National Thermal Power Corporation (NTPC) is learned to be contemplating withdrawal from a joint venture project...

Kalyani bets on wind power

The $2.5 billion (Rs 11,337 crore) Kalyani group, which owns Bharat Forge and has interest in sectors ranging from steel to specialty chemicals, is betting big on wind energy and is taking on multinationals...

Bloated solar bill costs crores

A central ministry is paying private solar energy-producing companies a higher subsidy than it needs to, which will cost the exchequer up to Rs 2,166 crore in the next 25 years, documents with The...

Nandigram investor returns with record FDI in power

Just three years after shelving its multi-billion dollar investment plans at Nandigram in West Bengal, one of the promoter groups, Singapore-based Universal Success Enterprises (USEL) has returned with plans to set up a power...

NDPL moves Delhi HC for power tariff hike

Private discom North Delhi Power Ltd (NDPL) on 14-01-2011 approached the Delhi high court for a direction to the Delhi Electricity Regulatory Commission (DERC) to determine the tariff for the year 2010-11 and issue...

Power Fin, REC may ink pact with IFCI for banking foray

State-run Power Finance Corporation and Rural Electrification Corporation are trying to partner with the Industrial Financial Corporation of India (IFCI) for their planned banking venture . The two financiers are of the opinion that they...

Anil Sardana is Tata Power MD

Tata Power Thursday announced the appointment of Anil Sardana as its Managing Director with effect from Feb 1 next. Sardana has been the Managing Director of Tata Teleservices Limited for over 3 years and...

Power: Muted profitability

Trend of strong revenue growth and low profitability witnessed in the September 2010 quarter will continue. The Indian power sector is expected to witness yet another disappointing quarter. Analysts expect operating profits of the...