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NEW DELHI: State-run Power Finance Corporation (PFC) said it is in talks with GVK and Videocon to fund their coal mine acquisitions overseas on the condition that they bring a majority portion of the coal back to India. PFC Chairman and Managing Director Satnam Singh also said the company...
MUMBAI: Keen to set up 9,900 MW nuclear power plant at Jaitapur, which is facing opposition from various quarters, the Maharashtra Government today said the proposed project site in Konkan region is the “safest” in the world. “A day will come when coal (reserves) will end. Therefore, alternate sources...
NEW DELHI: Venture capital (VC) funding in the solar sector was off to a slow start globally in the first quarter of this year. VC funding for the quarter stood at $329 million, from 34 deals, the lowest since the fourth quarter of 2010, says a report on funding...
NEW DELHI: Areva Solar, France-based Areva’s subsidiary, has bagged a contract by Reliance Power to build Asia’s largest concentrated solar power installation. “Areva Solar, an Areva subsidiary, has been awarded a contract by the Indian group Reliance Power Limited to build a 250 megawatt (MW) concentrated solar power (CSP)...
RANCHI: The Justice MB Shah Committee, appointed by the Central Government to probe illegal mining of iron ore and manganese across the country met with a poor response in Ranchi, on the first day of the two-day public hearing. Jharkhand, accounts for a fourth of the country’s iron ore....
KOLKATA:West Bengal chief minister Mamata Banerjee is set to flag off production at the Trans Damodar Coal Mining Project on Friday at Bajora in the state’s Bankura district. This is the first project under public private partnership (PPP) model involving the government of West Bengal for commercial mining of...
HYDERABAD: APGenco has begun efforts to secure coal requirements for its expansion projects from two blocks awarded to the State-owned AP Mineral Development Corporation in Orissa and Madhya Pradesh. In addition, it is banking on increased supply from Coal India Ltd and bridging the gap through imported coal. The...
WASHINGTON: After a gap of nearly six years, the US and India would hold their first political-military dialogue in New Delhi next week during which the two countries are expected to discuss a wide range of bilateral issues. Assistant secretary of state for political-military affairs Andrew J Shapiro is...
Against the backdrop of killing of 2 Indian fishermen by armed guards of an Italian merchant vessel in February 2012, the Indian Navy is seeking demarcation of piracy-infested waters and setting up Standard Operating Procedures (SOP) for maritime security. This will avoid any future incidents like the one in...
NEW DELHI: A money laundering case has been registered against Vectra chief Ravinder Rishi and his firms by the Enforcement Directorate to probe alleged generation of illegal funds in the defence deal between Tatra Sipox UK and defence PSU BEML. The agency has registered the case after gathering initial...