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...

Sandvik rolls out green tech for boilers

Swedish engineering group, Sandvik, has launched a new environment friendly boiler technology for super critical and ultra supercritical thermal power plants in India. This is part of its long-term strategy to introduce products based...

GVK Energy gets Rs.698 crore investment from Actis, GIC

Two leading private equity (PE) players will invest Rs.698 crore in power company GVK Energy Ltd, a wholly owned subsidiary of Hyderabad-based infrastructure developing company GVK Power and Infrastructure Ltd. On Thursday, GVK Power said...

NLC eyes Navratna status with power foray

Public sector mini ratna company Neyveli Lignite Corporation (NLC) has firmed up plans to make a foray into power projects using feedstock other than lignite. This is expected to elevate the company to Navratna...