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Prior to 2003, Bhel (Bharat Heavy Electricals Ltd) used to have manufacturing facility and skilled manpower to undertake 5,000 mw capacity addition a year. It had little reason to scale up. So when the government decided to accelerate the pace of capacity addition in the sector in a big...
MUMBAI: There is good news for electricity consumers from the south of Mumbai as they will now get to choose their power supplier. Instead of simply relying on the BrihanMumbai Electric Supply and Transport (BEST), an arm of the local civic authority BrihanMumbai Municipal Corporation, for power supply, they...
MUMBAI: Little-known Mumbai-based Swan Energy (SEL) has pulled out of the 700-MW gas-based power project, in Gujarat, after being caught in a political firestorm over alleged largesse bestowed on it by the state government firms. SEL signed a deal in 2010 with two companies – Gujarat State Petroleum Corporation...
BEIJING: China has expanded its first nuclear power plant at Qinshan with installation of a new generator unit, authorities said on Sunday, indicating resumption of work at new nuclear projects halted for safety review in the wake of Fukushima atomic disaster in Japan last year. The pressurised water reactor...
NEW DELHI: India has told the US that it does not intend to alter the domestic content requirement in its ambitious national solar power generation programme as it is essentially procurement by the government, which is outside the purview of the World Trade Organisation. “India is not a signatory...
NEW DELHI: With a decline in European markets, many renewable energy producers are looking towards India as an investment hub. CLP Power India, a wholly-owned subsidiary of Hong Kong-based CLP Holdings Ltd, plans to invest around Rs 1,800 crore in India to add over 200 MW capacity in wind...
HYDERABAD:HYDERABAD: The Indian Wind Power Association said 3,200 MW of wind power generation capacity was commissioned in the country during 2011-12. This is in spite of the tough times faced by developers. Prof. K. Kasthoori Rangaian, Chairman of wind association, said while the wind industry has been complaining about...
NEW DELHI: In a move which could help private infrastructure companies such as ArcelorMittal, Jindal Power, Essar Power, NTPC, Lanco, GMR and Jaiprakash Industries get faster possession of coal blocks, the government proposes to revamp the archaic Coal Block Allocation (Acquisition and Development) Act of 1957. The Act established...
NEW DELHI: In what can be seen as a clear rebuff to the recent leaked CAG draft report, the coal ministry has expressed its helplessness in giving the exact cost of production of coal from different blocks in the country. It has cited the presence of several variable factors,...
NEW DELHI: India’s first auction of coal blocks will bring out sharp differences between calculations of the government and the national auditor, whose draft report estimated that companies which were allotted blocks free of cost received a benefit of 10.67 lakh crore. The coal and power ministries are trying...
KOLKATA: Coal India, the world’s biggest coal producer, says it has firmed up a 5,000 crore kitty for investment in corporate bonds. The state-run company said the move follows good returns from its foray in the mutual funds market last year. “We started investing in mutual funds last year,...
NEW DELHI: Coal India may import 10 million tonnes of coal this fiscal to meet the obligation of supplying a minimum assured quantity of fuel to power companies under the Presidential directive, its CMD-designate S Narsing Rao said on Sunday. “If required, Coal India (CIL) may import 10 million...
KOLKATA/ANGUL: To meet the burgeoning coal demand of the country, Mahanadi Coalfield Limited (MCL), comprising of coalfields of Orissa, has been given a target to produce 112 million tonne of coal in the current fiscal as against 103.12 MT output achieved last year. In contrast, the number one subsidiary...
KOLKATA: Coal India will finalise the Fuel Supply Agreements (FSAs) with power producers after a board meeting next week. “We are trying to have a board meeting some time next week following which we will finalise the FSAs,” a board member told PTI here. “The date of the board...
NEW DELHI: Coal India is expected to enter into fuel supply agreements (FSAs) with as many as 50 firms, including NTPC , Reliance Power and DVC, for a total capacity of 28,000 MW, sources said. The proposed move follows issuance of a Presidential directive to Coal India (CIL) for...
BHUBANESWAR: Vedanta Aluminium Ltd (VAL), a unit of Anil Agarwal-led Vedanta Resources Plc, has sought the intervention of the Orissa government for securing long-term coal linkage for its captive power plant (CPP) at Jharsuguda. The aluminium major required the coal linkage for its unit-6 and unit-9 of 135 Mw...
MUMBAI: The Mexico-headquartered Cinepolis, the world’s fifth largest multiplex operator with over 2,500 screens, is in talks with the Anil Ambani-promoted BIG Cinemas for a strategic alliance. The alliance may entail buying a stake in some of BIG Cinemas’ screens. BIG Cinemas is the exhibition arm of Reliance MediaWorks (RMW),...
MUMBAI: (Reuters) – India’s indexes provisionally posted their biggest daily fall in two weeks on Monday as banks were hit by fears about slowing deposit growth, while capital good stocks like Larsen & Toubro fell on fears industrial output data due this week would weaken. Traders, returning after domestic markets...