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MUMBAI: The Reserve Bank of India has said the mounting losses of state power utilities (SPUs) is a growing problem for finances of state governments which have issued guarantees and agreed to foot subsidy bills. SPUs are making huge cash losses due to non-revision of rates over extended periods...
Testing times are ahead for state governments on power sector reforms as the accumulated losses of discoms become increasingly unrecoverable. Governments will have to show the political resolve to phase out expenditure like subsidy pay-out for electricity supply to the agriculture sector, which tends to strain state finances. The...
Bangladesh Power Development Board (BPDB) has formally approached the Registrar of Joint Stock Companies & Firms (RJSCF) for establishing the country’s first-ever joint venture (JV) of a state-owned power entity with a foreign firm. “We have submitted the application to RJSCF for establishment of the JV firm between BPDB...
DHURSAR: Reliance Power proposes to take its solar capacity to 300 MW by 2015, with an investment of Rs 6,000 crore. The Anil Ambani group company has set an ambitious target that will help light up over five-lakh households in the country. Mr Anil Ambani, Chairman, Reliance Power, said...
MUMBAI: Jindal Steel and Power (JSPL) has advanced the commissioning date of the first unit (600 Mw) of the first phase (1,200 Mw) of its power plant expansion at Tamnar in Chhattisgarh’s Raigarh district to March 2013, to take advantage of the 10-year tax holiday it would then enjoy....
NEW DELHI: The Union environment ministry and the Gujarat government have been asked by the National Green Tribunal to respond to the allegations that OPG Power Gujarat Pvt Ltd is violating the tribunal’s order to stop work on its 300 MW thermal power plant at Mundra in the state....
Ever since the Harvard Professor, B. F. Skinner conducted those experiments among workers of General Electric at its plant in Hawthorne back in the 40s, Behavioural Science became all of the rage in management theory. It was no surprise then that psychologists soon became hot property within the community...
Need to enhance generation capacity and thorium tech Tapping new energy sources is not a choice but is imperative, given the country’s heavy reliance on fuel imports. As the demand-supply gap in energy availability is widening India has to plan for harnessing nuclear energy on a bigger scale. The...
MUMBAI: Tata Power has commissioned the first ultra mega power project in the country. The first of the five 800 MW of the Mundra 4,000-MW power plant, based on imported coal, is operational. However, its profitability is expected to take a hit with Indonesia directing that all coal shipped...
NEW DELHI: With state-owned Coal India (CIL) facing problems in enhancing production, the Environment Ministry is working on a mechanism for introducing online system for granting faster clearances to coal projects. The development follows Prime Minister’s Office directing CIL to sign fuel supply agreement with the power producers with...