Power Minister Sushilkumar Shinde invited the US companies to invest in India's power sector. Addressing the US-India Economic Opportunities and Synergies Summit in Chicago organised by FICCI in association with The Executive Club of Chicago, Shinde said India offered lucrative investment opportunities in power sector and the US investors should come forward to benefit from that opportunity
Author: admin (Infratructure Today)
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Tata Power to run Mundra UMPP at low capacity
Tata Power Company is preparing contingency plans to minimise loss from running the plant as the cost of imported coal from Indonesia has risen sharply. The company plans to run the 4,000-MW Mundra unit at low capacity, at around 72-78 percent, and is considering blending the fuel with cheÂaper coal of low calorific value to reduce cost of generation.
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NTPC to raise capacity
NTPC plans to increase its generation capacity to 36,000 MW by March next year.The company also plans to invest about Rs 3,300 crore to expand the capacity of its existing coal based plant at Sipat. The first super critical unit for the company, with a capacity of 660 MW, has been commissioned at the plant.
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ReNew Wind Power secures Goldman investment
ReNew Wind Power, a reneÂwable energy independent poÂwer producer (IPP), announced it has secured an equity investment of up to Rs 1,000 crore from Goldman Sachs, a leading global investment bank and active investor in alternative energy/clean technology.
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Sterlite bags BSNL order
Sterlite Technologies, a provider of transmission solutions for the power and telecom industries, said it has received Rs 114 crore contract from BSNL for establishÂment of a broadband network in the state run company's telecom circles.
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Second phase of e-Gram project
The e-Gram project the of Gujarat government, which has so far covered 13,700 villaÂges, is all set to begin its second phase soon. Airtel, which is a partner in the project, has chaÂlked out the second phase plan. Of the total over 18,000 villages in the state, 13,700 have already been covered while in the second phase aims at covering the remaining villages.
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ATN system for air safety
Experts from Asia-Pacific nations discussed ways to implement an aeronautical telecom network (ATN) system for seamless exchange of messages for planes flying in the region. The new system would complement and later replace voice communication between air traffic control, pilots and others by providing all flight data and information through messages.
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China bank to fund Indian infra
Just as the world’s largest bank in terms of profit, market capitaliÂsation, and customer deposits veÂntured into India last month with plans to fund the infraÂstructure sector, the Indian govÂernment also gave its nod to Indian comÂpanies to raise loans up to $1 billion in Chinese yuan.
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Power Grid on a roll
The new Chairman and Managing Director of Power Grid Corporation of India follows good examples before him and therefore, as he steps into his predecessor SK Chaturvedi’s shoes, he also enters the new challÂenge of rural transmission and new and replacement technology such as high voltage (HV) cabling and smart grids.
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New MoEF, new approach
If Jairam Ramesh was flexible on the Kyoto Protocol and tough on industries in an endeavour to build overall responsibility towards the environment, his successor Jayanthi Natarajan seems to have a clear brief to tighten the nation’s stand on that issue as she talked tough at her first meeting on climate change issues with 150 environment ministers in South Africa.