Birla Power in generation push Billion dollar baby BPSL will invest Rs 5,000 core (1crore=10million/45=$) in thermal and solar power projects. The company proposes to develop an environment-friendly energy portfolio that will support energy requirements for propelling economic growth more»
L&T Power to pump in Rs 30,000 cr. (1cr=10m/45=$) to expand capacity"We will be able to generate 5,000 mw power by 2015, with the first plant in Rajpuria, Rajasthan, commissioning by January 14, 2014. We plan to achieve financial closure of another 5,000-mw of power projects by 2015," said A.K.more»
Plan to levy duty on power equipment imports stalledCurrently, no duty is levied on the import of foreign equipment for so-called mega power projects, while a 5% duty is levied on equipment for smaller projects more»
Aditya Birla Group to re-enter powerAnalysts say the group must have an integrated plan with both generation and distribution of power for faster returns. Distribution is the key component in the power business. more»
Power ministry warns against dependence on merchant salesUnion power secretary H.S. Brahma cautioned power companies against depending on merchant power sales, saying that it was not viable in the long run. more»
Local machines for large power plants: eGoMIndian firms complained to the ministry against imports of power equipment from China, where manufacturers benefit from low interest rates and an undervalued currency which makes exports competitive. more»
Power sector faces several bottlenecksCredit to the sector has been expanding at around a 50% compounded annual growth rate from fiscal 2000 to fiscal 2009, which is the highest in the infrastructure segment more»
Government confident on power targetWe have learnt from mistakes and failures on adding timely power capacity in the last three plan periods - Sushil Kumar Shinde. more»
Sector Update: PowerBased on our analysis, we expect NHPC to be able to increase generation, particularly from its hydro-power plants in the north-eastern region. more»
Emco plans larger power generation projectThe company has already in place a pact with Chhattisgarh government to set up a 600 MW power plant, and it is looking to set up another in one of the states in eastern India. more»
Was NTPC too quick in recognizing revenue?CAG says the company should have postponed the recognition of Rs938 crore in its accounts as per requirement of Accounting Standard-9 for the year 2007-08. more»
Illuminating energy optionsIt seems that the major force to combat climate change, renewable energy, has dimming prospects. Until the renewable storage issues can be solved, firms may have to look at other, less ideal, ways to produce carbon free energy. more»
Solar power subsidy may prove expensiveProposed Rs24,000 cr subsidy to promote solar energy is in conflict with India’s stance on climate change-experts. The calculated subsidy is based on the assumption that cost of solar energy production will go down by 9% per year more»
Renewable powerSven Teske of Greenpeace speaks about its recent report that says 35% of India’s electricity demand can be met from renewable energy by 2030 more»
Govt eyes power-packed 100 daysWill deliver 5,600 MW in new capacity - is the promise made by PMO to the citizens. New plans have been formulated for the same which will get realised by the end of August. more»
NTPC may set up subsidiary to tap global opportunitiesSome of the power utility’s plans include setting up power projects in Kazakhstan, and securing operations and maintenance contracts in the US, Europe and Bangladesh. more»
'Power-full': record capacity available on a daily basisThe onset of summer and rise in temperatures, power consumption in the country for the first time, has touched an all-time daily high of 2,152 million units. more»
India has 12% power shortage, figure may get higher: expertsHydropower generation capacity has fallen by 10%, the situation will improve after the onset of the monsoon rains. Delhi seems to be the most vulnerable stateduring peak usage periods. more»
NTPC plans power projects in Kazakhstan to secure coal assetsOutput growth in India has slowed to 4.9% in 2007-08 (Apr-Dec) from a comparable 6.2% in 2005-06. NTPC Ltd, the country’s largest power generation company, plans to import coal from that country. more»
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