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Posted: February 28th, 2012, 5:31am EST
The letter to the Prime Minister comes amid government reportedly planning to slap higher import duty on power gear.
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Posted: February 27th, 2012, 9:58pm EST
Ruias-owned Essar Energy Plc has decided to put $3.1 billion worth of power projects, totalling 2,970 mega watts (MW), on hold .
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Posted: February 27th, 2012, 5:02pm EST
State-owned power companies including hydropower giant NHPC have snapped supplies to defaulting utilities — BSES Delhi and a distribution firm in Uttar Pradesh.
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Posted: February 27th, 2012, 4:50pm EST
Power sector's outlook remains wobbly as states are still promising subsidies and unaccounted supplies continue.
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Posted: February 27th, 2012, 11:52am EST
NTPC would build India's first coal-fired 800 MW Advanced Ultra Supercritical Thermal Power Plant project.
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Posted: February 27th, 2012, 8:40am EST
The Asian Development Bank (ADB) on Monday offered a $350 million loan to improve the power distribution system in Madhya Pradesh, Gujarat and Assam.
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Posted: February 27th, 2012, 8:17am EST
Tata Power said the first 800-MW unit of its flagship 4,000 MW Mundra UMPP has achieved full capacity utilisation and commercial date of operation would be announced soon.
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Posted: February 27th, 2012, 7:34am EST
The Power Ministry will soon seek the Cabinet approval for REC's proposed USD 1 billion worth Foreign Currency Convertible Bonds (FCCBs) issue.
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Posted: February 27th, 2012, 6:37am EST
State-owned National Thermal Power Corp's mega hydropower project in Himachal Pradesh is likely to be commissioned next year.
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Posted: February 27th, 2012, 4:01am EST
Alstom T&D India has bagged a Rs 64.8 crore contract from Power Grid Corp for supply of high voltage circuit breakers.
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Posted: February 27th, 2012, 3:47am EST
In a move to end the monopoly of central transmission utility PowerGrid Corp, the government may allow private companies to set up power transmission projects within the states.
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Posted: February 26th, 2012, 2:00am EST
Jharkhand will spend Rs.1,600 crore for laying transmission lines to transport power that would be produced in the state in the next three years.
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Posted: February 26th, 2012, 1:10am EST
The committee is looking at financial health of discoms in seven states including Tamil Nadu and Uttar Pradesh.
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Posted: February 25th, 2012, 10:44pm EST
The power sector has seen maximum reforms since the passage of the excellent Electricity Act 2003 but is in a comprehensive mess today.
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Posted: February 25th, 2012, 10:47am EST
Welcoming the decision of the Tamil Nadu government to impose additional power cuts across the state, industry body CII said the load shedding would "avoid unscheduled power cuts and help the industry in a better way".
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Posted: February 23rd, 2012, 7:25am EST
Medha Patkar alleged that the central government and multi-national companies have joined hands to exploit the hydro resources of the country.
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Posted: February 23rd, 2012, 7:25am EST
Medha Patkar alleged that the central government and multi-national companies have joined hands to exploit the hydro resources of the country.
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Posted: February 23rd, 2012, 5:20am EST
Sembcorp Industries said its Indian joint venture, Thermal Powertech Corp, has signed an agreement with Indonesia's PT Bayan Resources.
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Posted: February 23rd, 2012, 5:20am EST
Sembcorp Industries said its Indian joint venture, Thermal Powertech Corp, has signed an agreement with Indonesia's PT Bayan Resources.
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Posted: February 23rd, 2012, 1:10am EST
Competition watchdog CCI has approved the merger of Sasan Power Infrastructure with its parent firm Reliance Power.
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Posted: February 22nd, 2012, 2:43pm EST
Industrialists, including Cyrus Mistry, Anil Ambani, Gautam Adani, met Pulok Chatterji to demand higher tariff for their power plants.
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Posted: February 22nd, 2012, 7:45am EST
Top executives of private power companies discussed various issues faced by the sector with the high- level panel headed by PM's principal secretary Pulok Chatterji.
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Posted: February 22nd, 2012, 7:37am EST
NPCIL today said it expected things to return to normal at the Kudankulam Nuclear Power Project within the next four to six weeks, paving way for its commissioning by August.
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Posted: February 22nd, 2012, 6:19am EST
Presenting a slew of proposals to be considered for the 2012-13 Budget, APP has also asked for customs duty exemption for various facilities such as coal transportation required for mega power projects.
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Posted: February 22nd, 2012, 5:31am EST
US-based GE Energy today said it will supply equipment to Reliance Power's 2,400 MW gas-based power project at Samalkot in Andhra Pradesh.
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Posted: February 22nd, 2012, 3:52am EST
The country plans to have a nuclear power generation capacity of 63,000 MW in the next 20 years as atomic power is advantageous.
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Posted: February 21st, 2012, 4:45pm EST
Though RPower is one of the few utilities to report a stable operational performance in Q3, there are a few issues that investors need to weigh.
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Posted: February 21st, 2012, 4:43pm EST
Industrialists to meet Pulok Chatterji, seeking further policy measures and steps to ensure fuel supply for power plants being set up in the private sector.
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Posted: February 21st, 2012, 10:12am EST
Five consulting firms have evinced interest in conducting a study on capital expenditure of Haryana's two power distribution companies.
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Posted: February 21st, 2012, 9:53am EST
Fighting time and cost over-run, the first unit of the 126 MW Myntdu-Leshka hydel power project in Meghalaya will formally be inaugurated on February 29.
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Posted: February 21st, 2012, 9:45am EST
Delhi power minister Harun Yusuf today laid the foundation stone of a power sub-station in Vikaspuri area of West Delhi.
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Posted: February 21st, 2012, 6:12am EST
NTPC has placed equipment orders worth over Rs 6,000 crore for three units of its upcoming 4,000 MW Kudgi super thermal power plant in Karnataka.
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Posted: February 21st, 2012, 4:07am EST
REpower Systems today said it has bagged a contract for supplying wind turbines of 250 MW capacity to French firm Maïa Eolis.
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Posted: February 20th, 2012, 4:40pm EST
Merchant power projects that sell electricity in open markets face a grim future as the government has ruled out coal and gas supplies.
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Posted: February 16th, 2012, 6:15am EST
NTPC Ltd will soon award 160 billion rupees ($3.25 billion) of equipment order after India's top court ruled in favour of the state-run power producer, it said on Thursday.
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Posted: February 16th, 2012, 4:33am EST
With the Budget 2012 to be presented by the Finance Minister, Pranab Mukherjee on March 16, The Associated Chambers of Commerce and Industry of India (Assocham) has raised certain issues that pertain to the power sector.
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Posted: February 15th, 2012, 6:24pm EST
Coal India would be penalised if its supplies fall below 80% of the commitment and given incentives if they rise above 90%.
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Posted: February 15th, 2012, 12:06pm EST
Omar Abdullah government has accepted a cabinet sub committee report seeking buying back NHPC’s three major power projects in J&K.
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Posted: February 15th, 2012, 10:55am EST
Country's largest private power utility Tata Power said it has commissioned the 25 MW Mithapur solar project in Gujarat, boosting the entity's renewable energy portfolio.
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Posted: February 15th, 2012, 9:28am EST
A thermal power plant to be set up by NTPC in Orissa has hit a roadblock following Environment and Forest Ministry's refusal to give it clearance.
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Posted: February 15th, 2012, 6:50am EST
PMO on Wednesday said it has asked state miner Coal India to firm up fuel supply agreements (FSA) with the firms ready to generate electricity by March 31.
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Posted: February 15th, 2012, 6:30am EST
Coal India will sign by March end agreements for supply of fuel to power projects commissioned up to December 2011.
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Posted: February 15th, 2012, 5:55am EST
Following NTPC's exit from ICVL, govt is mulling a couple of options for distributing its 14% stake among the existing shareholders: SAIL, RINL, NMDC & CIL.
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Posted: February 15th, 2012, 3:28am EST
Green Tribunal has ordered OPG Power Gujarat Pvt Ltd to stop all works at its 300 MW Bhadreshwar thermal power plant at Mundra in Gujarat.
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Posted: February 14th, 2012, 8:14am EST
BSES has been sanctioned a loan of Rs 5,000 crore by IDBI Bank and the amount will be used by the company to pay up its outstanding dues.
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Posted: February 14th, 2012, 2:48am EST
Tata Power expects to pump an equity investment of about $125 million in a joint venture to develop the 240 MW geothermal project in Indonesia.
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Posted: February 14th, 2012, 12:50am EST
JSW Energy is looking for suitable acquisitions inside India, is planning to set up a 450-600-MW coal-fired plant in South Africa.
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Posted: February 13th, 2012, 4:41pm EST
The Anil Ambani Group firm Reliance Power (RPower) said its 1,200-MW coal-based Rosa project will be fully operational by next month.
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Posted: February 13th, 2012, 1:46am EST
"NTPC should speed up the coal production from the coal blocks re-allocated to them by the Coal Ministry," Power Secretary P Uma Shankar said.
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Posted: February 12th, 2012, 6:31am EST
Suzlon Energy has slashed its consolidated sales guidance for 2011-12 to Rs 21,000-22,000 crore from Rs 24,000-26,000 crore after reporting a decline in sales.
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Posted: February 11th, 2012, 2:14pm EST
Suzlon Energy slashed consolidated sales guidance for 2011-12 to Rs 21,000-22,000 crore from Rs 24,000-26,000 crore after reporting a decline in sales in the quarter to December 2011.
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Posted: February 10th, 2012, 8:46pm EST
Chennai-based Numeric Power Systems on Monday sold its UPS systems business to France's Legrand Group for Rs 837 crore.
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Posted: February 10th, 2012, 9:19am EST
Wind power company Suzlon has proposed to set up a manufacturing unit for rotor blades used in wind power production machinery in Jodhpur district in Rajasthan.
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Posted: February 10th, 2012, 9:05am EST
Punjab's industry on Friday opposed the proposal to increase power tariff by 55 per cent and said the hike would be counter-productive.
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Posted: February 10th, 2012, 6:10am EST
Alstom-Bharat Forge is awaiting the state-owned power company's nod to start production.
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Posted: February 10th, 2012, 3:35am EST
State-run Power Grid Corp of India plans to borrow 140 billion rupees ($2.83 billion) in the upcoming financial year beginning April 2012, R.T. Agarwal, director - finance, told reporters on Friday.
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Posted: February 10th, 2012, 2:41am EST
Two data points could immediately point you to the challenges in India’s power sector.
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Posted: February 9th, 2012, 12:40pm EST
Private power firm Welspun Energy today said it has bagged a contract worth Rs 950 crore from the Andhra Pradesh government to set up a 100 MW solar power plant in Anantpur.
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Posted: February 9th, 2012, 11:12am EST
State-owned power utility PowerGrid Corp today said its Board of Directors has approved an investment of Rs 7,209.65 crore in different projects.
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Posted: February 9th, 2012, 5:01am EST
Net sales of the company rose 14 per cent to Rs 15,332 crore, against Rs 13,421 crore during the same period last fiscal.
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Posted: February 9th, 2012, 2:18am EST
Its second mega hydropower project, the 412 MW Rampur hydroelectric project in upper Shimla, is likely to be commissioned by early 2013.
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Posted: February 9th, 2012, 1:52am EST
Delhi government had formulated a roof-top solar policy under which consumers would set up solar panels on their roof-tops and feed extra power generated into the main grid.
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Posted: February 8th, 2012, 6:32pm EST
RPower is hopeful the govt will allocate natural gas to operate its new 2,400-mw plant in Andhra Pradesh, where short-term electricity prices have jumped.
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Posted: February 8th, 2012, 6:29pm EST
Power transmission firms are gearing up to bid for two much-delayed transmission projects worth 2,800 crore, which are likely to be awarded by March.
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Posted: February 8th, 2012, 4:58am EST
BSES Yamuna Power Ltd has been asked by a consumer forum here to pay Rs 10,000 to one of its customers as compensation for "harassing" her.
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Posted: February 8th, 2012, 2:12am EST
Tata Power, is actively exploring overseas opportunities for generation and distribution projects in SAARC nations, Africa, Turkey and the Middle East.
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Posted: February 7th, 2012, 12:17pm EST
Underlining its commitment to implementing their landmark nuclear deal, India has assured "a level playing field to US companies".
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Posted: February 6th, 2012, 4:16am EST
State-owned BHEL today said it has commissioned the country's first 1200 kV ultra high voltage transformer at Bina in Madhya Pradesh.
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Posted: February 6th, 2012, 1:57am EST
State-run Power Finance Corporation (PFC) today said it would raise Rs 40,000 crore in the next financial year (2012-13).
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Posted: February 5th, 2012, 5:50pm EST
Poor financial health of state electricity discoms has spiraled into a bigger problem as delayed payments from them has hurt the entire value chain in the power sector.
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Posted: February 5th, 2012, 2:21am EST
NTPC is expected to follow the rehabilitation package offered by WBPDCL for land acquisition for Katwa thermal power project.
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Posted: February 5th, 2012, 2:00am EST
"The firm (GVK Power) is looking at acquiring two thermal power projects in Andhra Pradesh. It is evaluating that option," a source said.
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Posted: February 5th, 2012, 1:51am EST
Public sector Central Bank of India may go in for restructuring of some of its loans to the electricity companies in the current quarter.
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Posted: February 5th, 2012, 1:31am EST
Tata Power has said the flagship 4,000-MW Mundra UMPP could become a "non-performing asset" if no decision is taken on increasing tariffs.
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Posted: February 3rd, 2012, 4:40am EST
Thermax expects revenues to decline in the first few quarters of the next fiscal year hurt by sluggish growth in orders in key segments, its MD said.
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Posted: February 3rd, 2012, 4:32am EST
Private power companies have requested the government to keep any proposed move in this regard in abeyance for the time being.
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Posted: February 3rd, 2012, 4:11am EST
GVK Power & Infrastructure (GVKPIL) is in talks with lenders to raise additional Rs 1200 crore for the Alaknanda hydel power project.
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Posted: February 3rd, 2012, 2:02am EST
A Narasimhan, senior vice-president (corporate communications), said, “Lanco Group has equity participation in few of the companies that have won the National Solar Mission projects in 2010.”
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Posted: February 3rd, 2012, 12:24am EST
Thermax received orders worth Rs 5.9 billion in October-December, compared with Rs 9.9 billion a year ago.
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Posted: February 2nd, 2012, 7:06pm EST
People in the city will have to shell out more for electricity with power regulator effecting a 5% hike in tariff to adjust power purchase cost of distribution cos.
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Posted: February 2nd, 2012, 11:55am EST
People in the city will have to shell out more for electricity with power regulator effecting a 5% hike in tariff to adjust power purchase cost of distribution cos.
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Posted: February 2nd, 2012, 8:14am EST
Reliance Industries has secured a $400 million equivalent loan from Italian export-credit agency SACE SpA, for expansion of its petrochemical capacity
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Posted: February 2nd, 2012, 6:50am EST
India may need to import less high-quality coal as the government changes pricing to encourage Coal India to produce more of the grades.
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Posted: February 2nd, 2012, 2:56am EST
State-run NTPC today said it is in talks with GAIL for signing a long-term term pact for sourcing imported gas for its plants.
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Posted: February 2nd, 2012, 2:40am EST
State-run NTPC would also like the government to set up a coal regulator to ensure the world's top coal producer is meeting its supply commitments.
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Posted: February 1st, 2012, 11:56pm EST
In terms of a MoU signed last year between CIL & Limpopo's state-owned mining company Corridor Mineral Resources, a JV would develop new coal mines in the province.
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Posted: February 1st, 2012, 6:52pm EST
PM Manmohan Singh had set up the committee last month after leading industrialists, including Ratan Tata and Anil Ambani, sought his intervention.
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Posted: February 1st, 2012, 6:44pm EST
Reliance group has urged the government not to review the decision to allow the use of surplus coal from mines attached to its Sasan project.
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Posted: February 1st, 2012, 9:59am EST
The power utilities in Andhra Pradesh are planning to invest Rs 14,000 crore over the next four years to strengthen transmission in the state
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Posted: February 1st, 2012, 8:37am EST
India's largest power generation company NTPC is not in favour of ramping up its coal imports as this would escalate the cost of electricity
