11844 stories by IPA Staff
Government Invites Views To Firm Up Electricity Sector Roadmap
NEW DELHI: The government has invited views from all the stakeholders, including power generation firms for finalising the roadmap of the electricity sector for the next five years. Power sector planning body, Central Electricity Authority (CEA) has prepared the draft for National Electricity Plan (NEP) and has invited suggestions,...
West Bengal Utility Proposes 9 Paise Per Unit Tariff Hike
KOLKATA: West Bengal’s state-owned power utility has sought to raise tariffs by 9 paise a unit on account of the railways’ recent 20% increase in coal carriage charges, according to officials in the state’s power department, who did not want to be named. West Bengal State Electricity Distribution Co....
NTPC Invites Bids For 5 MT Imported Coal
NEW DELHI: Country’s largest power producer NTPC invited bids for supply of five million tonnes (MT) of imported coal to be utilised for 13 power plants. The fuel will be procured through international competitive bidding. The bidding documents for all the packages will be on sale from April 4...
NTPC Capacity Addition Hits Record
HYDERABAD: India’s largest power generation company, NTPC Ltd has added a record capacity of 2,820 MW during 2011-12. With this capacity addition, the energy company has surpassed its earlier best capacity addition of 2,490 MW achieved during 2010-11. The total capacity of the company is now 37,000 MW. NTPC...
BHEL's Tiruchirappalli Unit Eyes Rs 17,251 Crore In FY13
TIRUCHIRAPPALLI: The unit of Bharat Heavy Electricals (BHEL) , engaged in the production of power plant equipment, is eyeing a turnover of Rs 17,251 crore this fiscal, a company official said. In 2011-12, the unit achieved an all-time high turnover of Rs 14,600 crore and contributed almost one-third of...
Tata Power Launches Joint Venture Firm Cennergi With Exxaro Resources
NEW DELHI: Tata Power, along with South Africa’s Exxaro Resources today launched their joint venture Cennergi (Pty) Ltd that would focus on developing electricity generation projects in the African continent. Cennergi also marks a major overseas foray for Tata Power,India’s largest private power generator. The 50:50 joint venture entity...
Essar Commissions First Generation Unit At Salaya
AHMEDABAD: Essar Power commenced commercial operations of first unit of 600 MW of Salaya 1. The unit has been synchronised with the state transmission grid and is expected to start commercial production in May 2012. The coal fired Salaya I project, with a total 1,200MW capacity has been set...
Indonesia's 25% Tax Plan On Coal Exports To Hit Indian Power Firms
MUMBAI: Indian companies, cheering the Presidential decree forcing Coal India to fuel their power stations, face a fresh bout of uncertainty as Indonesia has proposed a 25% tax on coal exports which would make many plants unviable and encourage India to turn to Africa and Australia for fuel. Indonesia’s...
Record Nuclear Power Output Despite Kudankulam Stir
CHENNAI: The stalling of the Kudankulam nuclear power project for nearly six months has not prevented the Nuclear Power Corporation of India, overseeing the controversial project, to surpass all records in electricity generation for the financial year 2011-12. The NPCIL, under which there are 19 nuclear reactors operating across...
NPCIL Delivers Robust Performance During FY11-12
KAIGA(KARNATAKA): Nuclear Power Corporation of India Limited (NPCIL), which operates 19 nuclear power reactors, has surpassed its previous electricity generation record of 26473 MU by generating 32,455 MU during the year ending March 31,2012, an increase of about 23 per cent. NPCIL has witnessed a robust growth in the...
Suzlon Energy Sells Part Of Wind Energy Farm For Rs 200 Crore
MUMBAI: Loss-making Suzlon Energy has sold a part of its wind energy farm for $40 million ( Rs 200 crore) to an undisclosed private utility and plans to divest stake in its components business to raise funds to repay debt, the wind turbine maker said. The deal is expected...
Coal India Not There To Please Market, Minority Shareholders: Jaiswal
NEW DELHI: Coal India is a government company and its functioning cannot be left to the market and minority shareholders, Coal Minister Sriprakash Jaiswal has said. Brushing aside the criticism that the government was running the Maharatna PSU with a diktat at the cost of minority shareholders, Jaiswal said,...
Coal India To Guarantee Fuel Supply To Only Those Firms With Power Sales For 20 Years
KOLKATA: Coal India will guarantee fuel supply to only those firms which have contracted power sales for 20 years, significantly reducing its requirement for additional coal, top company executives said after a meeting with ministry officials regarding Tuesday’s Presidential decree. The Presidential directive asked the company to sign fuel...
Coal India To Up Output After Presidential Decree
NEW DELHI: After a Presidential directive, Coal India (CIL) is gearing up to enhance its production in a big way. The board of the biggest coal miner in the country and the heads of its subsidiaries, who met the coal minister Sriprakash Jaiswal on Wednesday, have been told to...
Tata-Sasol & JSPL Gained R 54k Crore With Captive Coal Blocks
NEW DELHI: Just a day before the Election Commission was set to issue the notification for the 2009 general election, the United Progressive Alliance-I government had hurried to allocate large captive coal blocks to the Tata-Sasol combine and Jindal Steel and Power (JSPL) for their respective coal-to-liquid projects in...
Essel now largest shareholder in IVRCL, offers to buy founder Sudhir Reddy's stake
BANGALORE/HYDERABAD: The Essel Group has dangled an offer to buy out the founder of IVRCL as it presses ahead with a plan to smoothly gain control of the company, a person close to the development said. The Subhash Chandra-controlled Essel, which is now the largest shareholder in IVRCL, is...
GAAR To Apply Only In Shady Arrangements, FIIs Assured
NEW DELHI: The finance ministry on Wednesday tried to soothe the nerves of foreign institutional investors (FIIs) over the tax treatment of their investments. Finance secretary R S Gujral told FIIs the General Anti-Avoidance Rule (GAAR) would be invoked only in case of impermissible arrangements. “If they are in...
Funds Raised Through IPOs Slump 82% For Last Fiscal
NEW DELHI: Indian companies raised a total of R5,800 crore during the last fiscal 2011-12 through initial public offers (IPOs) — a slump of 82% from the previous year. As per the analysis of data available with the exchanges, a total of 33 Indian firms together raised R5,808 crore...
